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Gold October futures on MCX hit a fresh all-time high of Rs 1,02,191/10g, driven by US trade tariff uncertainty and central bank buying. Silver also remained strong. Analysts expect continued volatility but maintain a positive outlook amid global risks. Gold and silver are poised for a second straight week of gains, supported by bullish technicals and rising physical demand.
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News and Media
Page Industries Limited has announced a rise in net profit. The apparel manufacturer's profit increased by 21.52 percent for the June quarter. The company's net profit is now Rupees 200.79 crore. Revenue from operations also saw a boost. It increased 3 percent to Rupees 1,316.56 crore. The company's board has declared an interim dividend.
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News and Media
Anil Ambani's group companies faced a stock plunge. This followed an investigation into a significant bank loan fraud case of seventeen thousand crore rupees. The Enforcement Directorate questioned Anil Ambani. The probe focuses on loans to Reliance Home Finance, Reliance Commercial Finance and Reliance Communications. These loans turned into non-performing assets. Several banks are involved as lenders.
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News and Media
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