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While silver as an asset class has always been there, the regulator has now allowed mutual funds to offer this as an underlying. This makes the process of investment and redemption seamless.

In the international market, gold was trading marginally up at $1,814.94 per ounce and silver was flat at $23.64 per ounce.

The Nikkei share average fell 2.8% to 27,467.23, its lowest since Aug. 20, while the broader Topix lost 2.97% to 1,919.72.

There was a “huge spurt” in demand in the last quarter of 2021, as millions of weddings took place, prices softened and higher savings flowed into the precious metal as people couldn’t travel much, he said.

The pan-European STOXX 600 index skidded 0.1% by 0812 GMT after hitting a one-week low in the previous session.

A total of 116,473 shares changed hands on the counter till 02:11PM (IST).

“If one were to look at that number for our company and look at it sequentially as well as quarter on quarter, one will see that singular line item brokerage is not really representative of the manner in which customers pay for the services that we are providing. The revenue comes from equity cohorts.”

This year, India is tracking higher on an absolute basis and relative basis so far in January and, if this trend persists to budget day, the odds are stacked up against a further up move

On the technical charts, the RSI of the stock stood at 55.81.

NTPC, a corporate partner of the International Solar Alliance (ISA), has been chosen as the preferred partner for the implementation of the solar PV parks by the Government of Cuba. The Union Electrica de Cuba (UNE) and NTPC will work in unison for the implementation of the 900-MW solar PV parks in Cuba.