Gold and Silver Prices Trade Higher: Check Rates in Your City on March 28, 2025

On March 28, 2025, Gold and silver prices saw growth in both the global and domestic markets. In the international market, spot gold prices soared ~1.12%, reaching $3,083.95 as of 12:45 PM. In the domestic market, gold prices have surged by over ₹600 to ₹89,520. Turning to silver prices, there was a growth of 0.53% to ₹1,02,210.00 in the domestic market.

In Mumbai, 24-carat gold is priced at ₹8,931 per gram, while 22-carat gold now costs ₹8,187 per gram. In New Delhi, the price of 22-carat gold is currently ₹81,730 per 10 grams, while 24-carat gold is trading at ₹89,160 per 10 grams.

Gold Prices Across Major Indian Cities on March 28, 2025

Here is a detailed breakdown of gold prices as of March 28, 2025:

City 24 Carat Gold (per 10gm in ₹) 22 Carat Gold (per 10gm in ₹)
Chennai 89,570 82,106
Delhi 89,160 81,730
Mumbai 89,310 81,868
Bangalore 89,380 81,932
Kolkata 89,200 81,767

Silver Prices Across Major Indian Cities

City Silver Rate in ₹/KG 
Mumbai 101,880
Delhi 101,700
Kolkata 101,740
Chennai 102,180

Conclusion

Both gold and silver prices witnessed growth in domestic and international markets. Gold saw a rise of more than ₹600 in the domestic market, while silver rose by over ₹380 per kilogram.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Mid-Day Top Gainers and Losers on March 28, 2025: ONGC and Tata Consumer Led Gainers

On March 28, 2025, as of 12:10 PM, the stock market was almost flat, where BSE Sensex was down 0.05% at 77,601.48, while the Nifty 50 was up 0.04% at 23,601.10. The mid-day top gainers and losers for the day are:

Mid-Day Top Gainers 

Symbol Open High Low LTP %chng
ONGC 243.44 254.9 243.26 254.3 5.01
TATACONSUM 975.5 1,015.00 975 1,004.70 3.2
JIOFIN 227.18 232.3 226.11 231.25 2.42
BEL 304 306.5 302.42 306.35 1.9
TATAMOTORS 671.85 684.95 669.3 680 1.71

Here’s a brief market update based on the top gainers:

ONGC 

ONGC shares saw a strong uptrend today, opening at ₹243.44, reaching a high of ₹254.90, and closing at ₹254.30, a 5% gain.

Tata Consumer

Tata Consumer surged as it reached a high of ₹1,015.00 from an opening of ₹975.50, closing at ₹1,004.70, marking a 3.2% increase.

Jio Financial Services 

Jio Financial Services gained 2.42%, reaching a high of ₹232.30, opening at ₹227.18, and closing at ₹231.25..

Bharat Electronics

Bharat Electronics rose 1.9%, with its price peaking at ₹306.50, from an opening of ₹304, closing at ₹306.35.

Tata Motors

Tata Motors climbed 1.71%, opening at ₹671.85, hitting a high of ₹684.95, and closing at ₹680.00.

Mid-Day Top Losers

Symbol Open High Low LTP %chng
M&M 2,735.80 2,739.70 2,635.00 2,661.50 -2.62
SHRIRAMFIN 682 685 661.6 664.15 -2.11
WIPRO 271 271.85 265.9 266.8 -1.98
INDUSINDBK 672 673.95 659 660.25 -1.97
POWERGRID 293.9 294.25 289.6 290.25 -1.78

Here’s a brief market update on the top losers:

M&M

M&M faced a decline of 2.62%, hitting a low of ₹2,635.00 after opening at ₹2,735.80 and closing at ₹2,661.50.

Shriram Finance

Shriram Finance dropped 2.11%, reaching a low of ₹661.60 from an opening price of ₹682, and closed at ₹664.15.

Wipro 

Wipro slipped by 1.98%, hitting a low of ₹265.90 after opening at ₹271.00, closing the session at ₹266.80..

IndusInd Bank

IndusInd Bank fell 1.97%, with a low of ₹659.00 after an opening of ₹672.00, closing at ₹660.25.

PowerGrid 

PowerGrid saw a decrease of 1.78%, reaching a low of ₹289.60 from an opening of ₹293.90 and closing at ₹290.25.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Gold Price Hits Record High Amid Rising Global Tensions and Market Instability

Gold prices reached a record-breaking peak on Friday, March 28, 2025, as investors flocked to the precious metal amidst growing global trade tensions and declining equity markets. This surge came following U.S. President Donald Trump’s announcement of new tariffs on imported automobiles, which raised concerns about the future of international trade.

Gold Prices Reached Record High

As of 01:40 p.m. ET (1740 GMT) on March 27, spot gold climbed by 1% to $3,050.32 per ounce, surpassing an all-time high of $3,059.30 earlier in the day. This marked the 17th record-breaking high for gold in 2025.

The upward trend continued on March 28, 2025, as U.S. gold spot prices rose by 0.76% to $3,073.18 at 10:26 AM IST. Meanwhile, U.S. gold futures also saw a significant jump, climbing 1.3% to settle at $3,061 after peaking earlier in the session at $3,071.30.

Why Gold Prices are Rising?

The catalyst for gold’s surge was the announcement by President Trump that a 25% tariff on imported vehicles would soon be imposed, triggering retaliatory threats from governments worldwide, including in Ottawa and Paris. The tariff is set to go into effect the day after Trump’s reciprocal tariffs are announced, aimed at countries he claims are primarily responsible for the U.S. trade deficit. As a result, global stock markets tumbled, with shares of some of the largest carmakers taking a significant hit.

Investors are now closely monitoring upcoming U.S. economic data, particularly the Personal Consumption Expenditures (PCE) report, which is due on Friday. The data is expected to provide insights into the Federal Reserve’s next steps regarding interest rate adjustments, especially following the central bank’s decision to hold its benchmark interest rate steady last week.

Conclusion

Gold has long been viewed as a safe-haven asset during times of economic and political uncertainty, and its performance is often bolstered in low-interest rate environments. With growing market instability, gold remains a popular choice for investors seeking stability.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

NSE Delays Expiry Shift to Monday in Response to SEBI Consultation

The National Stock Exchange (NSE) has postponed its plan to move the expiry date of its contracts to Monday, following the release of a consultation paper from the Securities and Exchange Board of India (SEBI) late Thursday evening. Currently, all contracts on the NSE expire on Thursday.

“The implementation of this circular (shifting the expiry to Monday) is deferred until further notice in light of SEBI’s consultation paper dated March 27, 2025, on the Final Settlement Day for Equity Derivatives,” the NSE stated in a new circular.

On Thursday evening, SEBI released a consultation paper suggesting that the expiry of all equity derivative contracts should occur on either Tuesday or Thursday. It also proposed that exchanges must seek SEBI’s approval before altering contract expiry dates or settlement days.

Earlier this month, the NSE had announced plans to move the expiry date for Nifty index weekly derivative contracts from Thursday to Monday, starting April 4. This change was also set to apply to Nifty’s monthly, quarterly, and half-yearly contracts.

Currently, the Bombay Stock Exchange (BSE) has its weekly contracts expiring on Tuesday, a change made from Friday.

NSE CEO Ashishkumar Chauhan stated on March 10, “Whatever SEBI’s perspective on reducing daily expiries, I don’t think it will be achieved if we continue with multiple expiries on different days. To really address this, there needs to be one unified expiry day, whichever that may be.”

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

UCO Bank Share Price in Focus: Raised ~₹2,000 Crore Through QIP

On March 28, 2025, UCO Bank shares are on investors’ radars as the public sector bank has finished capital raising via Qualified Institutional Placement (QIP). On March 27, 2025, UCO Bank, through an exchange filing, announced that the Board of Directors had approved the allotment of 583,600,803

Equity Shares to eligible qualified institutional buyers at the issue price of ₹34.27 per Equity Share,

aggregating to ₹1,999,99,99,518.81.

On March 28, 2025, UCO Bank share price rose over 1%, reaching a day high of ₹37.29 at 09:30 AM, after opening at ₹36.90.

UCO Bank QIP Details

  • The Qualified Institutional Placement (QIP) was opened on March 24, 2025 and closed on March 27, 2025.
  • The board determined and approved the Issue Price of ₹34.27 per Equity Share (including a premium of ₹24.27 to the face value of ₹ 10 per Equity Share), which is at a discount of 4.99 % (i.e. ₹1.80 per Equity Share), to the Floor Price of ₹36.07 per Equity Share determined, as per the formula prescribed under Regulations 176(1) of the SEBI ICDR Regulations.

UCO Bank Earnings Overview

During Q3FY25, UCO Bank’s net interest income saw a growth of 19.62% year-over-year (YoY). Noninterest income also increased by 37.75%. The domestic Net Interest Margin (NIM) improved by 36 basis points (bps) YoY, reaching 3.38%, while the global NIM grew by 33 bps YoY, reaching 3.17%. The yield on domestic advances rose by 25 bps to 9.06%, and the global yield on advances improved by 22 bps to 8.70%. The operating profit for the quarter grew by 41.73% YoY, totaling 1,586 crore, while the net profit increased by 27.04% YoY, reaching 639 crore.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Motherson Sumi Wiring Shares to Trade Ex-Date on March 28: Interim Dividend of ₹0.50

Motherson Sumi Wiring share price will trade ex-date on March 28, 2025, meaning that the shareholders registered in the company’s books will be eligible for the ₹0.50 interim dividend.

Motherson Sumi Wiring Dividend History

Ex-Date Dividend Type Dividend Amount (₹)
Aug 14, 2024 Final 0.80
Aug 09, 2023 Final 0.65
Aug 12, 2022 Final 0.85

Motherson Sumi Wiring Earnings Highlights

The company experienced a 9% revenue growth, surpassing the industry’s volume growth by approximately 6% on a year-over-year basis, primarily due to a favorable product and content mix. Currently, three Greenfield plants are under construction for new programs (EV/ICE), each at different stages of completion and ramp-up, with certain costs being expensed upfront. These plants are expected to be fully operational in the coming quarters. Excluding the expansions, the business maintained strong profitability. Additionally, productive discussions with customers are ongoing to share some of the associated expansion costs. MSWIL continues to remain a debt-free company.

Mr. Vivek Chaand Sehgal, Chairman of Motherson Sumi Wiring India Ltd., said, “These results are a testament to the resilience and dedication of our team, particularly given the upfront costs associated with establishing our greenfield plants. These investments support upcoming EV and ICE programs, reflecting our strategic vision for the future and our commitment to our customers. Despite these investments, our profitability remains strong, and we continue to uphold our status as a debt-free company. I would like to thank our employees for their hard work and our customers and other stakeholders for their continuous and unwavering support.”

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Samvardhana Motherson Shares to Trade Ex-Date on March 28: Interim Dividend of ₹0.50

Samvardhana Motherson share price will trade ex-date on March 28, 2025, meaning that the shareholders registered in the company’s books will be eligible for the ₹0.50 interim dividend.

Samvardhana Motherson Dividend History

Ex-Date Dividend Type Dividend Amount (₹)
Aug 14, 2024 Final 0.80
Aug 11, 2023 Final 0.65
Aug 12, 2022 Final 0.65

Samvardhana Motherson Business Highlights

Motherson, a global manufacturer of aerospace components and assemblies, has been chosen as a Tier 1 supplier for Airbus, a prominent aircraft manufacturer. Through its subsidiary, CIM Tools India Pvt. Ltd., Motherson has signed a multi-year contract to produce and supply various aerospace components and assemblies directly to Airbus’ final assembly lines. The deliveries will begin from Motherson’s specialised aerospace facility in Bengaluru, India. Motherson is already a Tier 1 supplier for Airbus Helicopter and Airbus Defence and Space.

Commenting on this development, Mr. Vivek Chaand Sehgal, Chairman of Motherson, said, “We are proud to be recognised as a Tier 1 supplier to Airbus commercial aircraft, and I would like to express my heartfelt gratitude to Airbus for their trust in Motherson. This significant achievement highlights Motherson’s manufacturing capabilities, high-quality standards, and commitment to timely delivery. Our team is committed to delivering the highest quality components and assemblies. We look forward to strengthening our partnership.”

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Ashok Leyland Refutes Media Speculation About Acquiring Stake in SML Isuzu: Check Details

On March 26, 2025, the commercial vehicle manufacturer Ashok Leyland, through an exchange filing, denied reports that it is in talks to acquire a controlling stake in SML Isuzu Ltd. At the end of the trading session, Ashok Leyland share price closed at ₹214.95 with a gain of 2.45% on BSE.

Ashok Leyland Response to Media Speculation

“This is with respect to recent news articles in media, generally stating that Ashok Leyland Limited might be close to acquiring the promoter’s stake in SML Isuzu and that the negotiations are at an advanced stage between the company and Japan’s Sumitomo Corporation, who is the promoter of SML Isuzu. Similar reports have been published in various mainstream media outlets.”

The company said in an exchange filing, “Ashok Leyland would like to outrightly deny this news as factually incorrect,”.

Ashok Leyland Secured Order

In Feb 2025, the company secured a ₹297.85 crore order from Tamil Nadu State Transport Corporation. Ashok Leyland will deliver state of the art BS VI Diesel Fuel Type 12-meter ultra-low entry rear engine fully built buses for city operations featuring the advanced iGen 6 BS VI technology with a robust H-Series engine rated at 184 kW (246 hp) equipped with Front and Rear Air Suspension.

Ashok Leyland Q3FY25 Performance

In Q3 FY25, the company continued to strengthen its position in the market. Its net profit increased by 31% year-over-year (YOY). The EBITDA margin improved to 12.8%, up from 11.6% in Q2 of the current fiscal year and 12.0% in the same period last year. The MHCV industry, which had experienced a slowdown in Q2, rebounded in Q3, driven by a rise in consumption demand during the festive season and a better flow of government capital expenditure (CAPEX) in the second half of the quarter.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Meesho IPO: Competing with Flipkart and Amazon in India’s E-Commerce Race

Meesho, the homegrown e-commerce platform, is making headline in the Indian business ecosystem as it prepares to go public. The company is set to raise an estimated $1 billion through its initial public offering (IPO) later this year. As the IPO market heats up, Meesho IPO is expcted to be one of the most anticipated events for investors and industry participants.

Meesho IPO: Aiming for $10 Billion Valuation

Meesho has appointed financial advisers such as Morgan Stanley, Kotak Mahindra Capital, and Citi for its upcoming IPO, with discussions ongoing to bring JP Morgan on board as well. According to sources, bankers are pitching a valuation of $10 billion for the company’s public debut. The IPO is expected to take place between September and October, coinciding with Diwali—a festive season that could make the listing even more symbolic for investors.

In the run-up to its IPO, Meesho raised approximately $250-270 million from investors, including Tiger Global, Think Investments, and Mars Growth Capital. This funding round brings the total amount raised by the company to $550 million, with a significant portion comprising secondary transactions. At a valuation of $3.9-4 billion from this round, Meesho has shown that it is an attractive investment opportunity with the potential to scale.

In addition to its successful fundraising efforts, Meesho has also filed for a reverse merger of its Indian subsidiary, Fashnear Technologies, with its U.S.-based parent entity, Meesho Inc. This restructuring move aligns with the company’s broader strategy as it prepares for its public listing.

Strong Financial Performance in FY24

Meesho has demonstrated robust financial performance in the financial year 2023-24. Its operating revenue grew by an impressive 33%, reaching ₹7,615 crore from ₹5,735 crore year-on-year. Furthermore, the company has significantly reduced its adjusted losses by 97%, bringing them down to ₹53 crore from ₹1,569 crore.

The Competition: Flipkart and Amazon’s IPO Plans

Flipkart IPO

Flipkart, one of Meesho’s key competitors, has been considering an IPO for some time but has yet to make a final decision. Flipkart’s parent company, Walmart, had approved the move to list the company, but the process has been delayed as it works on strategic changes. Flipkart is currently shifting its domicile from Singapore to Gurugram and is restructuring its board and leadership to meet regulatory guidelines for listing in the Indian capital markets. However, Flipkart’s IPO plans still face hurdles, including cost-cutting efforts and addressing the losses from some of its subsidiaries.

Amazon India IPO

The global e-commerce giant Amazon is also looking at the possibility of listing its India business. According to reports, Amazon is exploring a spin-off of its Indian arm and a potential listing on the domestic stock exchange. This move would help Amazon consolidate its position in one of the world’s fastest-growing e-commerce markets while navigating India’s increasingly stringent e-commerce regulations. Amazon has already consulted with investment banks, including JP Morgan, as it evaluates the feasibility of a public listing for its India business.

Conclusion

Meesho’s IPO plans are part of a larger trend of Indian tech and e-commerce companies seeking public listings. The competition between Meesho, Flipkart, and Amazon will undoubtedly shape the future of the industry, and investors will be keeping a close eye on how each company positions itself in the market.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Gold and Silver Prices Trade Higher: Check Rates in Your City on March 26, 2025

Gold and silver prices witnessed growth in both the global and domestic markets on March 26, 2025. In the international market, spot gold prices have increased by 0.18%, reaching $3,026.28 as of 12:55 PM. In the domestic market, gold prices have surged by nearly ₹300 to ₹88,270. Turning to silver prices, there was a growth of 0.53% to ₹1,00.000 in the domestic market.

In Mumbai, 24-carat gold is priced at ₹8,810 per gram, while 22-carat gold now costs ₹8,076 per gram. In New Delhi, the price of 22-carat gold is currently ₹80,612 per 10 grams, while 24-carat gold is trading at ₹87,940 per 10 grams.

Gold Prices Across Major Indian Cities on March 26, 2025

Here is a detailed breakdown of gold prices as of March 26, 2025:

City 24 Carat Gold (per 10gm in ₹) 22 Carat Gold (per 10gm in ₹)
Chennai 88,350 80,988
Delhi 87,940 80,612
Mumbai 88,100 80,758
Bangalore 88,160 80,813
Kolkata 87,980 80,648

Silver Prices Across Major Indian Cities

City Silver Rate in ₹/KG 
Mumbai 99,800
Delhi 99,610
Kolkata 99,670
Chennai 100,080

Conclusion

On March 26, 2025, both gold and silver prices experienced growth, showcasing an upward trend in the domestic and global markets. Gold saw a rise of nearly ₹300 in the domestic market, while silver rose by over ₹500 per kilogram.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.