According to market statistics from BigMint, domestic steel prices have fallen to a five-year low, trading between Rs 47,000 and Rs 48,000 per tonne, due to a number of factors, including rising imports. In the wholesale market, rebar (TMT) is quoted between Rs 46,500 and Rs 47,000 per tonne, while hot rolled coil (HRC) is…
The Reserve Bank added 0.2 metric tons of gold holdings in the final week of September, bringing its total reserves to over 880 metric tonnes in the first half of 2025–2026. The most recent statistics from the RBI shows that as of September 26, 2025, the total value of the gold was USD 95 billion….
Amid indications of a reduction in trade hostilities between the United States and China, as well as speculators taking advantage of bullion’s recent record rally to profit while they awaited U.S. inflation data later this week, gold prices continued to decline on Wednesday. Spot gold was trading at $4,109.19 an ounce, down 0.4%. Tuesday saw…
Traders indicated that the RBI is believed to have sold between $3 billion and $5 billion in both spot and non-deliverable forward markets on Wednesday to support the rupee, marking its most extensive intervention in several months. Estimates were provided by seven traders from various private, public, and foreign banks, with two of them citing…
India’s wholesale price inflation decreased to 0.13% in September, down from 0.52% in August, as food prices continued to decline, according to data released by the government on Tuesday. The Wholesale Price Index (WPI) inflation in September of the previous year was recorded at 1.91%.Retail inflation dropped to its lowest level in eight years at…
Google is set to invest $15 billion in establishing an artificial intelligence hub in Visakhapatnam, Andhra Pradesh, making it the largest such investment outside of the United States. “This will be the largest AI hub we are creating anywhere globally outside the US,” stated Thomas Kurian, CEO of Google Cloud, during an event in New…
Due to the increased demand from investors, silver prices in India are significantly higher than those in other countries. In the Indian marketplaces, physical silver is severely lacking. The price distortion is one of the most revealing trends in the silver market. The demand is distorting both the spot and future prices of actual silver,…
Amid a global risk-off mood, the rupee tracked the broad strength of the US currency and sank 5 paise to 88.77 against the dollar in early Monday’s trading. The rupee is hovering close to its all-time closing low level, according to forex dealers, as the RBI keeps an eye on the dollar-rupee pair’s decline towards…
According to figures published by the Ministry of Statistics and Program Implementation (MoSPI), retail inflation in India fell precipitously to 1.54% in September 2025, the lowest level since June 2017. Price pressures for consumers are lessened by the dip, which is indicative of a general drop in food prices across all categories. The September inflation…
There have been two record highs for silver, one with dubious causes and the other with more valid ones. The price of one ounce of silver hit a record high of $49.95 on January 17, 1980. But it was made possible by a questionable deal between two people to corner the market and raise demand….
