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Gold extends gains on firm global cues; silver tops Rs 39,000

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Rising for the second straight day, gold prices gained Rs 65 to reach Rs 30,550 per 10 grams at the bullion market today on sustained buying by local jewelers amid a firm trend overseas. Silver followed suit and reclaimed the Rs 39,000-mark by jumping Rs 250 to Rs 39,100 per kg due to increased offtake by industrial units and coin makers.  Marketmen said sentiment was bolstered after gold bounced in global markets , as a weak US jobs data pushed the dollar lower.   Increased buying by local jewelers to meet the rising demand at the domestic spot market too fulled the uptrend, they said.  Globally, gold rose 0.51 percent to USD 1,213.30 an ounce and silver gained 0.62 percent to USD 15.38 an ounce in New York in yesterday's trade.  In the national capital, gold of 99.9 percent and 99.5 percent purity rose Rs 65 each to Rs 30,550 and Rs 30,400 per 10 grams, respectively. In sync with gold, silver ready bounced back by Rs 250 to Rs 39,100 per kg and weekly-based deli
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Rubber products industry hit by rising synthetic variety prices

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KOCHI:                                                   The rubber products industry, both tire, and non-tire are feeling the pinch of soaring prices of several forms of synthetic rubber prices even as it is grappling with a natural rubber shortage in the domestic market.  India is totally dependent on the import of several varieties of synthetic rubber (SR) l, the use of which has gone up in a tire and non-tire sectors.  “Certain forms of SR like solution SBR, chlorobutyl and bromobutyl are exclusively imported. The products have become dear and the rupee depreciation has increased the import cost further, putting pressure on our margins,” said Ashish Pandey, vice-president, materials of JK Tyres .  “ High performing tires use more SR,” he said, adding that the hopes of the tire industry for better performance in the second half of the year were dashed by the Kerala floods, rupee fall and oil price hike.  The tire industry is already grappling with a shortage of natu
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Share market LIVE updates: Sensex, Nifty slips into red; oil stocks gain as crude falls; Yes Bank top loser

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   Stock market LIVE today: Sensex and Nifty erased all gains and slipped into the negative territory during the mid-morning trade today on the back of heavy selling pressure in most IT, metals, pharma, realty, auto, and PSU banks stocks. Yes, Bank was the top loser on both the Sensex and Nifty indices. Oil marketing companies stocks rose to track a slump in crude oil prices.   Share market LIVE today: Sensex and Nifty erased all gains and slipped into the negative territory during the mid-morning trade today on the back of heavy selling pressure in most IT, metals, pharma, realty, auto, and PSU banks stocks. Yes Bank was the top loser on both the Sensex and Nifty indices. Oil marketing companies stocks rose to track a slump in crude oil prices.    The BSE Sensex had jumped over 200 points to a high of 35,184.93 points in opening trade today, while the NSE Nifty 50 had opened above the 10,550-mark. Yes Bank shares fell nearly 7% in morning trade today. IT stocks slipped on
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