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…
December 2025 saw a 7.8% increase in the Index of Industrial Production (IIP), the fastest rate in more than two years. According to the Quick Estimate, the IIP growth rate for November 2025 was 6.7%. “After registering a high growth of 7.2%(RE) in November 2025, industry momentum further strengthened in December 2025 as the Index…
Oil prices rose on Wednesday as supply concerns persisted following a winter storm that disrupted U.S. crude oil production and exports. Geopolitical tensions in the Middle East also provided additional support to prices. The storm is estimated to have disrupted around 2 million barrels per day of U.S. oil production, while crude oil and LNG…
A long-awaited free trade agreement between India and the EU has been finalized. This agreement covers economies that account for one-third of global commerce and almost 25% of the world’s GDP. As the two biggest democracies in the world look to protect themselves from erratic relations with the US, the agreement will deepen their political…
