On Thursday, September 5, the Indian stock markets experienced a notable decline. The Sensex dropped by 151 points, settling at 82,201 points, while the Nifty fell 53 points to 25,145 points. This downturn mirrored the decline in U.S. markets, influenced by concerns over the U.S. economic situation and data from the Federal Reserve. Media stocks saw a decline of 0.8%, whereas IT stocks increased by 0.66%. Nifty metals and public sector banking stocks both rose by 0.3%, while real estate stocks fell by 1%, and auto and oil and gas stocks decreased by 0.4%.
The impact of U.S. unemployment rate data, scheduled for release on Friday U.S. time, will only be fully understood next Monday.
On the same day, gold prices in Chennai remained steady, with 22-carat gold priced at Rs 6,670 per gram. A sovereign gold piece was selling at Rs 53,360, and silver prices held at Rs 90 per gram, with bullion silver priced at Rs 90,000 per kg. GST of 3% is applicable on the price of gold and silver at any shop, with additional variations in commission and handling charges depending on the shop.