Gold and silver prices continue to experience volatility as investors assess global economic developments and changes in financial markets. In the previous trading session, MCX December gold futures traded at around ₹1,43,600 per 10 grams, while silver futures were around ₹1,94,450 per kilogram. These figures reflect the previous session and should not be treated as…
Gold is currently trading at $3,140, down more than 10% from its peak in April, marking a considerable decline in price from its all-time highs. Because of a decline in demand for safe-haven assets and a reduction in global trade tensions, the price has fallen more than 2% and hit a five-week low. The United…
After a strong advance ahead of the US Federal Reserve’s policy statement later today, cautious investors booked profits, causing India’s share market to drop for three consecutive days, with the Nifty down about 600 points since Monday. After a strong 6.1 percent comeback from late November lows, the NSE index has fallen 2.5 percent since…
After ending at 83.91 on August 26 instead of 83.95 roughly a week earlier, the Indian rupee has somewhat appreciated over the previous trading days. Though importers’ dollar demand and foreign portfolio withdrawals from Indian equities (totaling USD 1.5 billion as of August 26) have restricted the rupee’s gains, the currency is seeing some support…
Amidst persistent outflows of foreign funds and a downward trend in domestic stocks, the rupee remained range-bound and ended the day 1 paisa higher at 83.29 vs the US dollar on Thursday. The rupee began trading at 83.25 versus the US dollar at the interbank foreign exchange and ended at 83.29, up 1 paisa from…
Thursday’s sell-off in stocks marked the sixth straight session as investors made a beeline for the exit. Although crude oil prices have decreased and Brent was trading at less than $90 per barrel, investors withdrew their money due to concerns that the conflict in West Asia would last for a long time. Investor anxiety was…
In response to rising oil prices, the Indian rupee faces a record-low danger this week, and bond investors will be watching the central bank’s decision on debt sales. On Friday, Brent crude gained 5.7% as investors priced in the likelihood that the Middle East war could worsen as a result of Israel’s start of military…
Economists claim that the US Federal Reserve has left the door open for one more rate hike before the end of the year after voting unanimously to maintain its benchmark interest rates at 5.25-5.50%. Despite sustained US inflation rates above the central bank’s target range while the US economy remains robust, the US Fed increased…
On Tuesday, when the US dollar declined from its high levels, the rupee bounced back from its record low levels and ended the day 19 paise higher at 82.94 (provisional).In line with a weakening US dollar, according to forex traders, the rupee strengthened. Foreign investors’ push to sell their investments amid risk aversion on international…
Amidst a strong dollar, an increase in US Treasury yields, and risk aversion in the global markets, the rupee declined sharply in the previous week, breaking through the significant resistance level of 83.00. The US economy was shown to be resilient by a deluge of strong economic data, which gave the dollar and yields a…
