The massive daily withdrawals by FIIs are being sustained by net domestic positive flows. Experts suggest that the strong monthly SIP flow of 11k crore, which continues to grow, accounts for a significant chunk of the positive flows.
Today's gold rate for 24 carat and 22 carat has increased by Rs 1820/ 10 grams. In India, 24 carat gold (10 grammes) priced Rs 53,600 yesterday, while 22 karat gold (10 grammes) cost Rs 49,090.
Russia-Ukraine War: US Vice President Joe Biden called the economic sanctions imposed on Russia the "most significant in history," claiming that they had harmed the Russian economy.