The price of gold in India has fallen below Rs 95,000, reaching a one-week low as the yellow metal still faces challenges. Since the truce between India and Pakistan was established, the price of gold has dropped by Rs 3,430 per ten grams. Following the declaration of a truce by both India and Pakistan, tensions…
Investors were on edge as they prepared for the talks, and global markets ended the week (May 9) cautiously. In the US, stocks edged lower after an early rally, while the US dollar ended slightly stronger at 100.4 from a tight range. Gold prices were mixed. They hit a two-week high of $3,448 an ounce…
Gold prices rose in Asian trading on Friday after two days of declines. This happened as investors awaited Chinese trade talks and considered the implications of a new US-UK trade deal. At first, gold prices fell in early Asian trading as experts were unsure whether the UK deal would lead to less tension. But then,…
According to the most recent data released by AMFI on May 9, monthly inflows into mutual funds via the Systematic Investment Plan (SIP) method increased 2.72 percent to reach a new all-time high of Rs 26,632 crore in April. In March, the monthly SIP inflows were Rs 25,926 crore. Venkat Chalasani, the head of the…
India is set to target 354.64 million tonnes of foodgrain production in the 2025-26 crop year, starting in July, due to better monsoon rains. The country’s foodgrain production has already reached 330.92 million tonnes in the Kharif and Rabi seasons of the current 2024-25 crop year. The summer season (zaid), sown between February and June,…
In the fourth quarter and the fiscal year of FY25, mid- and small-cap IT services companies continued to outperform their larger counterparts; analysts predict that this trend will continue into FY26. This is a big change from the past, when tech behemoths like TCS, Infosys, and HCL Technologies usually topped the growth charts. Companies like…
People were optimistic that the US President might cut tariffs. However, a strong US dollar prevented big gains. A Russia-led ceasefire is expected to start this week. Tensions between India and Pakistan, which have seen some of the worst fighting in years, also weighed on the market. While crude oil prices rose this week, concerns…
Currency experts noted that on the afternoon of May 8, when tensions between India and Pakistan increased, the Indian rupee sank past the 85-mark. At the close of business, the local currency was trading at 85.3850 against the US dollar, down from 84.6387 at the open and 84.8325 at the close of business. Following rumors…
The HSBC India Services Business Activity Index, or services PMI, increased to 58.7 from 58.5 in March, indicating a surge in growth momentum for India’s service providers in April. This showed that the production of the service sector had grown significantly and more robustly. A reading of 50 implies no change, a rating below 50…
The price of two common precious metals, gold and silver, is trying to bounce back from a sharp decline last week. The world’s instability and declining dollar have increased demand for safe-haven assets like gold and silver. While silver prices increased 1% to about $32.40 an ounce on Monday, gold prices in India increased by…
