News snippets Sri Lanka Economic Summit on Dec 1
President Gotabaya Rajapaksa will launch the Sri Lanka Economic Summit on Tuesday, December 1.
The summit is themed ‘Roadmap for Take-off: Driving a People Centric Economic Revival’. The President will also deliver the inaugural address.
India’s Minister of Finance and Corporate Affairs, Nirmala Sitharaman will deliver the keynote address.
Minister Sitharaman an Economist has been serving in her current capacity since May 2019 and was previously the Minister of Defence of India.
Gold, silver prices rise marginally
Gold prices rose marginally by Rs 17 to Rs 48,257 per 10 gram in the national capital on Thursday, according to HDFC Securities.
In the previous trade, the precious metal had closed at Rs 48,240 per 10 gram.
Silver prices also gained Rs 28 to Rs 59,513 per kilogram from Rs 59,485 per kilogram in the previous trade.
“Spot gold prices for 24 carat in Delhi were marginally up by Rs 17 limiting upside on rupee appreciation,” HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
In the international market, gold was trading with gains at USD 1,815 per ounce, while silver was quoting flat at USD 23.42 per ounce.
Asia-Pacific markets little changed
SINGAPORE — Stocks in Asia-Pacific traded little changed on Friday as investors react to data on China’s industrial profits for October.
Markets will also scrutinize concerns over the Oxford-AstraZeneca vaccine candidate, with results and methods used in their phase three vaccine trials under criticism from experts in the US.Mainland Chinese markets edged higher in early trade, with the Shanghai composite up about 0.4% while the Shenzhen component added 0.308%. - CNBC