..... . VALI disclosures . .....: 18/03/26, Precious Metals

Wednesday, March 18, 2026

18/03/26, Precious Metals

Gold rates in Delhi slipped again on Wednesday, marking the third trading day of the week, after rising in the previous session as investors adopted a cautious stance ahead of the U.S. Federal Reserve's monetary policy announcement.

The price of 24 Karat (24K) gold declined to Rs 15,790 per gram on March 18, 2026, down Rs 33 from the previous day, while 22 Karat gold eased to Rs 14,475 per gram, falling Rs 30.

With the Fed widely expected to keep interest rates unchanged, market participants are closely watching the central bank's guidance on rising energy costs and signs of a cooling labour market, which could influence inflation expectations and the outlook for bullion prices globally.

Gold Rate Today: Check Latest 22K, 24K & 18K Gold Prices on 18 March 2026 Ahead of Fed Policy Announcement

24 Karat Gold Rate Today in Delhi

On Wednesday, the rate of 24 Karat gold in Delhi stood at Rs 15,790 per gram, down by Rs 33 from Tuesday's price of Rs 15,823 per gram. 8 grams of 24K gold were priced at Rs 1,26,320, while 10 grams cost Rs 1,57,900. The price for 100 grams was recorded at Rs 15,79,000, reflecting a drop of Rs 3,300 from the previous session.

22 Karat Gold Rate Today in Delhi

Similarly, 22 Karat gold also edged lower in the national capital on Wednesday. The price was recorded at Rs 14,475 per gram, down Rs 30 from the previous day's Rs 14,505 per gram. For bulk purchases, 8 grams were priced at Rs 1,15,800 and 10 grams at Rs 1,44,750, while 100 grams cost Rs 14,47,500 - showing a decline of Rs 3,000 compared with Tuesday's rates.

18 Karat Gold Rate Today in Delhi

The price of 18 Karat (18K) gold followed the same trend, slipping modestly during the mid-week session. On Wednesday, 18K gold was trading at Rs 11,846 per gram, lower by Rs 25 from the previous day. Prices for 8 grams stood at Rs 94,768, while 10 grams were valued at Rs 1,18,460. The rate for 100 grams was recorded at Rs 11,84,600, down by Rs 2,500 from Tuesday's level.

Silver Rate Today: Check Latest Silver Prices Per Kg on 18 March 2026

On Wednesday, silver prices in Delhi recorded a noticeable decline compared to the previous day. The rate of silver stood at Rs 265 per gram, down by Rs 10 from Tuesday's price of Rs 275 per gram.

8 grams of silver were priced at Rs 2,120, compared with Rs 2,200 a day earlier, marking a fall of Rs 80. The price of 10 grams slipped to Rs 2,650, down Rs 100 from the previous session.

In bulk terms, 100 grams of silver cost Rs 26,500, showing a decline of Rs 1,000 from Tuesday's Rs 27,500. Meanwhile, the price of 1 kilogram of silver dropped sharply to Rs 2,65,000, down by Rs 10,000 from the previous day's Rs 2,75,000.

"Expectations that central banks, especially the U.S. Federal Reserve, may hold interest rates steady have further boosted the appeal of non-yielding assets like gold and silver," said Kaveri More, Commodity Analyst at Choice Broking.

Report by Hatshika Yadav of Goodreturns

Source:Dailyhunt

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Trade Cycles

The four important features of Trade Cycle are (i) Recovery, (ii) Boom, (iii) Recession, and (iv) Depression!

The trades cycle or business cycle are cyclical fluctuations of an economy. A full trade cycle has got four phases: (i) Recovery, (ii) Boom, (iii) Recession, and (iv) depression. The upward phase of a trade cycle or prosperity is divided into two stages—recovery and boom, and the downward phase of a trade cycle is also divided into two stages—recession and depression.

Phases of Trade Cycle:

The phases of trade cycle are explained with a diagram:

(1) Recovery:

In the early period of recovery, entrepreneurs increase the level of investment which in turn increases employment and income. Employment increases purchasing power and this leads to an increase in demand for consumer goods.

As a result, demand for goods will press upon their supply and it shall, thereby, lead to a rise in prices. The demand for consumer’s goods shall encourage the demand for producer’s goods.

The rise in prices shall depend upon the gestation period of investment. The longer the period of investment, the higher shall be the price rise. The rise of prices shall bring about a change in the distribution of income. Rent, wages, interest do not rise in the same proportion as prices.

Consequently, the margin of profit improves. The wholesale prices rise more than retail prices. The prices of raw materials rise more than the prices of semi-finished goods and the prices of semi-finished goods use more than the prices of finished goods.

(2) Boom:

The rate of investment increases still further. Owing to the spread of a wave of optimism in business, the level of production increases and the boom gathers momentum. More investment is possible only through credit creation. During a period of boom, the economy surpasses the level of full employment and enters a stage of over full employment.

(3) Recession:

The orders for raw materials are reduced on the onset of a recession. The rate of investment in producers’ goods industries and housing construction declines. Liquidity preference rises in society and owing to a contraction of money supply, the prices falls. A wave of pessimism spreads in business and those markets which were sometime before sellers markets become buyer’s markets now.

(4) Depression:

The main feature of a depression is a general fall in economic activity. Production, employment and income decline. The prices fall and the main factor responsible for it is, a fall in the purchasing power.

The distribution of national income changes. As the costs are rigid in nature, the margin of profit declines. Machines are not used to their full capacity in factories, because effective demand is much less. The prices of finished goods fall less than the prices of raw materials.

✳Reality Tips to Traders

1)Trading in the stock market is a marathon. 2)Protecting your capital is key. (Learn to protect first) 3)Making 0 on the day is better than losing 50k 4)Losses happen; they are part of this business. 5)It’s not you vs. the market. It’s you VS you. 6)You are your biggest enemy; learn to be mentally disciplined. 7)Don’t follow the majority; follow the correct path. 8)Traders without a stop loss end up not being traders for long. 9)There is always another trade. 10)The big money is made waiting for the right set-ups. 11)Waiting for the right trade is the most powerful strategy. 12)It is better to cut a loss than to wait to be proven right. 13)Position sizing can make or break you. 14)Worry about the downside before you even think about the upside. 15)Don’t listen to headlines

..BANKING TERMINOLOGY

There are various types of Banks: PSU Banks, Private Banks, Co-operative/Regional Banks, Small Finance Banks and Foreign Banks. When you deposit money in a bank, let's say the bank gives you an interest rate of 4%. But when the bank lends out this money, they lend it out at say, 12%. The difference of 8% in the above scenario is effectively the profit of the bank! The loans that do not pay interest for 90 days are known as Non-performing Assets. Banks have to provide for such bad loans. Structure of a Bank Asset for a Bank: The asset portion of a bank's capital includes cash, government securities, and interest-earning loans (e.g., mortgages, letters of credit, and inter-bank loans). Liabilities for a Bank: The bank's main liabilities are its capital (including cash reserves and, often, subordinated debt) and deposits. The latter may be from domestic or foreign sources (corporations and firms, private individuals, other banks, and even governments). Banks are required to maintain Liquidity with the Reserve Bank of India: SLR (Statutory Liquidity Ratio): It is the money a bank needs to preserve in the form of cash, gold or government Bonds before providing credit customers. This limitation is added by RBI on banks to make funds available to customers on-demand at your earliest convenience. Banks are required to maintain SLR at 18%. CRR (Cash Reserve Ratio): Banks are required to hold a certain proportion of their deposits in the form of cash. Banks don’t hold these as cash with themselves, but deposit such amounts with RBI / currency chests. CRR rate is at 4.5% currently. Repo Rate: The rate at which the RBI lends short-term money to the banks. The RBI through its Monetary Policy committee changes the repo rate to balance growth and Inflation. Reverse Repo rate: The rate at which banks park their short-term excess liquidity with the RBI. Now let us understand various terminologies for Banks Net Interest Income (NII): This is the spread the bank makes on its lending. It is calculated as Interest Income – Interest Expended Net Interest Margin (NIM): This is the spread the bank makes on its lending. It is the earning which is left after deducting the cost paid to depositors from its yields on Loans. This is denoted in % terms. The formula is Yield on Loans – Cost of funds Capital Adequacy Ratio (CAR): The capital adequacy ratio (CAR) is a measure of a bank's available capital expressed as a percentage of a bank's risk-weighted credit exposures. Essentially, it is the Capital that is available to lend. Tier I Capital – In simple words this capital is freely available with the bank to lend out. Tier II Capital- This is the capital tied up somewhere and is less freely available to lend. In case of an adverse event, the bank can use this capital to lend. Under Basel III norms, a bank’s tier 1+tier 2 capital must be a minimum of 8% of its risk-weighted holdings. The minimum capital adequacy ratio, also including the capital conservation buffer, is 10.5%. Current Account Saving Account (CASA)- There is no interest paid on the Current Account and a small interest rate is paid on a savings account. The combination of both is called CASA which shows the liabilities of the bank on which it pays relatively less interest. Deposits: Bank deposits are a savings product that customers can use to hold an amount of money at a bank for a specified length of time. In return, the financial institution will pay the customer the relevant amount of interest, based on how much they choose to deposit and for how long. Now let us come to NPA. Gross NPA (GNPA): It is the total loans on which no payment has been paid for 90 days or more. GNPA % is usually shown in each Bank’s quarterly results. The percentage is basically the GNPA amount as a % of the total advances. Slippages: Slippages denote the fresh amount of loans that have turned bad in a year. The slippage ratio of a bank is calculated as Fresh accretion of NPAs during the year /Total standard assets at the beginning of the year multiplied by 100. Provisioning Coverage Ratio (PCR): This is the ratio of provisioning to GNPA and indicates the extent of funds a bank has kept aside to cover loan losses. For Instance, a company has GNPAs of Rs 100 and they have set aside 50 Rs, then the PCR is 50%. Net NPA (NNPA): The total figure left after deducting provisions made for bad loans from GNPA. (GNPA – Provisions+upgrades/writeoffs = NNPA) Special Mention Account (SMA) SMA-0 is a category in which stress with respect to the principal and interest has remained overdue for a period of 0 to 30 days. SMA-1 is a category in which stress with respect to the principal and interest has remained overdue for a period of 30-60 days. SMA-2 is a category in which stress with respect to the principal and interest has remained overdue for a period of 60-90 days

..... . VALI disclosures . .....

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Wednesday, March 18, 2026

18/03/26, Precious Metals

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18/03/26, PSU BANK STOCKS

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