When markets were once again rocked by panic after Donald Trump acknowledged that his global tariff blitz might have “a transition cost,” gold hit a new high. After reaching a record high of $3,218.07, gold is currently trading at about $3,207. The current price of gold in India is Rs 93,380. On Thursday, gold prices…
Early Friday trading saw the rupee jump 51 paise versus the US dollar to 86.17 amid a fall in oil prices, a weakening greenback, and a robust start to domestic share markets. The local unit increased one day after US President Donald Trump halted the further 26% tariffs on India until July 9. The local…
Silver prices rose 0.49% to ₹91,595 amid geopolitical tensions and favorable supply-demand fundamentals. However, China is still subject to a steep 125% tariff, On the macro front, US inflation eased to 2.4% for the second consecutive month in March 2025, from 2.8% in February, fueling hopes that price pressures will moderate. Jobless claims remained relatively…
When domestic markets reopen after a holiday on Friday, equity indices are expected to open higher due to strong global indications following Trump’s decision to halt tariffs on all countries except China for 90 days. After ending Wednesday afternoon at 22,487, Gift Nifty Futures is up 810 points to 23,299.5. Trump has not completely reversed…
Gold prices rose Thursday as investors turned to gold as the US President escalated tariffs on China, the world’s top metal consumer. US President temporarily eased steep duties on several other countries, but he raised the tariff on Chinese imports to 125%, escalating a high-stakes confrontation between the two largest economies. Gold is traditionally seen…
On April 9, the Indian financial markets ended the day on a depressing note as the bells sounded to signal the end of the trading session. Investors saw a widespread sell-off as benchmark indexes declined, with major industries like IT, real estate, and PSU Banks leading the way. The Nifty concluded the day at 22,399.15,…
In light of strong agricultural output and declining crude prices, the Reserve Bank of India (RBI) reduced its inflation forecast for FY26 on Wednesday from 4.2% to 4% from 4.2% in February. The RBI’s Monetary Policy Committee (MPC) examined the state of the economy during its policy meeting and identified a significant improvement in food…
Jeera futures fell 0.36% to ₹24,700 on profit booking after recent gains driven by strong domestic and export demand. Supply remains tight due to delayed crop arrivals from Gujarat and Rajasthan, but the upside is limited by weak overall demand and ample old stocks. Farmers hold around 20 lakh bags of jeera, but only 3–4…
Brent and WTI Oil are forecast to fall below $40 by the end of 2026 These forecasts are based on two key assumptions: the US economy will avoid a recession thanks to significant tariff cuts starting on April 9, and OPEC+ will moderately increase supply with two increases of 130-140kb each in June and July….
Turmeric futures fell by 5.92% to ₹14,168, following a price rally due to supply concerns and strong demand. However, the market remains supported due to lower-than-expected arrivals and robust export demand. Exports during April- December 2024 surged by 13% to 136,921 tons, exceeding previous years. Production remains cautious due to untimely rains, raising concerns over…
