Sensex Trades Marginally Higher, Dow Futures Down By 10 Points

Share markets in India are presently trading marginally higher

The BSE Sensex is trading up by 135 points, up 0.2%, at 55,928 levels.

Meanwhile, the NSE Nifty is trading up by 35 points.

Ultra Tech Cement and Bajaj Finserv are among the top gainers today. Hindalco and Kotak Bank are among the top losers today.

The BSE Mid Cap index is trading up by 0.5%.

The BSE Small Cap index is trading up by 0.1%.

On the sectoral front, stocks from the power sector are witnessing most of the buying interest.

On the other hand, stocks from the metal sector are witnessing most of the selling pressure.

US stock futures are trading mixed today.

Nasdaq Futures are trading up by 13 points (up 0.1%) while Dow Futures are trading down by 10 points (down 0.03%).

The rupee is trading at 74.28 against the US$.

Gold prices are trading up 0.3% at Rs 47,396 per 10 grams.

Gold prices edged higher in Indian markets today but gains were muted due to flat global rates. On MCX, gold futures were up 0.2% to Rs 47,374 per 10 grams. In the previous session, gold had ended flat.

Note that after dipping to a four-month low of Rs 45,600 per 10 grams, gold has recovered but the precious metal is still down Rs 9,000 from last year's high of Rs 56,200.

Amid worries about global economic growth as cases of Delta variant of covid cases continue to rise, gold inched higher today in global markets but the gains were muted as the dollar strengthened.

After hitting a nine-month high against the euro in the previous session, the dollar held on to recent highs against other major currencies.

Speaking of the precious yellow metal, how lucrative has gold been as a long-term investment in India?

The chart below shows the annual returns on gold over the last 15 years...

As you can see, barring just two years - 2013 and 2015, gold has delivered positive returns in 13 of the last 15 years.

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