The Indonesian state-owned company Agrinas Pangan Nusantara has placed an order with Mahindra & Mahindra (M&M) for 35,000 of its light commercial vehicles, the Scorpio Pik Up. The automaker said in an exchange filing that the cars will be delivered in 2026 as part of a joint initiative in the nation in Southeast Asia. According…
Gold and silver are currently attracting significant investor attention due to high prices and fears surrounding inflation, geopolitics, and currency risks. However, this surge in interest is often a late-cycle behavior where assets perceived as safe become crowd-driven momentum trades, diminishing their protective qualities. Unlike income-generating investments, gold and silver’s value is contingent on future…
According to figures issued by the central bank on Friday, the Reserve Bank of India’s (RBI) foreign exchange reserves reached a new high of $709.4 billion. In the week ending January 23, foreign currency assets increased by $2.37 billion, gold reserves increased by $5.6 billion, and the total FX reserves increased by $8.05 billion. The…
Oil prices declined due to expectations that tensions between the US and Iran may ease, the strength of the US dollar, and abundant global oil supply. As both countries are set to resume nuclear talks, the market believes the risk of conflict or sanctions could reduce. At the same time, the strong dollar has made…
On February 2, the day following the presentation of the Union Budget 2026, the Indian rupee opened higher as investor sentiment improved due to announcements concerning international institutional and portfolio investors. On February 1, The Finance Minister declared that the Portfolio Investment Scheme now allows non-Indian citizens to invest in stocks with increased quotas. This…
In the 2026 Budget, the government introduced an important tax change related to Sovereign Gold Bonds (SGB). Earlier, whether SGBs were purchased through the RBI original issue or from the stock exchange (secondary market), if they were held until maturity, capital gains tax was not applicable. However, under the new Budget rules, the capital gains…
Gold is on track for its best month since 1982, driven by increasing expectations that a hawkish chairman might be appointed to the Federal Reserve. Although gold prices fell by more than 4% on Friday due to these rumors, geopolitical and economic uncertainty led investors to seek gold as a safe-haven asset, propelling it towards…
Following reports that the US President might launch a new attack on Iran, the price of gold surged to a record high on Thursday. An ounce of gold reached nearly $5,600. Due to increasing political tensions worldwide, people have started investing more in safe-haven assets like gold and silver. As a result, the prices of…
Gold prices surged past the $5,200 mark for the first time on January 26, 2026, reflecting an increase of over 3% the previous day, driven primarily by a weakening U.S. dollar, which has fallen to near four-year lows amidst ongoing geopolitical uncertainties and anxieties regarding monetary policy adjustments by the U.S. Federal Reserve. Spot gold…
Gold surpassed the $5,500 per ounce mark for the first time on January 29, reaching an all-time high of $5,584 in the international market, before settling around $5,519, reflecting a 4.06 percent increase from the previous close. This surge was driven by the US Federal Reserve’s decision to maintain interest rates unchanged amidst ongoing geopolitical…
