Gold ($3,085/ounce) and silver ($34.1/ounce) gained 2 per cent and 3.2 per cent respectively last week. In the domestic market, gold futures (₹89,687/10 gm) and silver futures (₹1,00,457/kg) were up 1.3 per cent and 2.6 per cent respectively. MCX-Gold (₹89,687) Gold futures (June) began last week on the back foot by declining on Monday. However,…
US tariff uncertainties are likely to push gold prices to ₹87,000- ₹90,000 in the first half of the calendar year 2025 (January- June), according to a report by ICICI Bank Global Markets. Currently, the gold prices are at around ₹83,410 per 10 grams for 22-carat and ₹90,990 per 10 grams for 24-carat, publicly available data…
India is not likely to opt for across-the-board tariff reduction and may instead work around reciprocal tariffs by easing non-tariff barriers, according to economists at Barclays Research. “A reciprocal, like-to-like tariff by the U.S. may increase India’s import tariff to 15.7% from the current 2.7%, covering almost all exports,” according to the note. A way…
India and the visiting U.S. officials have decided to hold a wrap-up session on Saturday (March 29, 2025) morning to conclude the three-day talks on the proposed bilateral trade agreement, government sources said. They said the discussions are at a “very” early stage. A team of U.S. officials, headed by Assistant U.S. Trade Representative for…
“LNG imports are on track to average about 27-28 million tonnes in this fiscal year, with U.S. supplies accounting for 20%-25% of that,” a source said. | Photo Credit: Getty Images/istockphoto India is considering a proposal to scrap import tax on U.S. liquefied natural gas (LNG) to boost purchases and help cut the trade surplus…
A view of Reserve Bank of India logo outside its headquarters in Mumbai. File | Photo Credit: Emmanual Yogini The Reserve Bank on Friday (March 28, 2025) permitted banks to increase charges on ATM cash withdrawals beyond the free monthly usage by ₹2 to ₹23 per transaction from May 1. Customers are eligible for five…
On March 27, 2025), the Rupee had weakened by five paise to close at 85.74 against the U.S. dollar. File | Photo Credit: The Hindu The Rupee appreciated 25 paise to close at 85.49 (provisional) against the U.S. dollar on Friday (March 28, 2025,) logging the best monthly gain in more than six years, supported…
National Stock Exchange (NSE). File. | Photo Credit: Reuters Benchmark indices Sensex and Nifty closed lower on the last trading day of the 2024-25 fiscal on Friday (March 28, 2025), mirroring weak trends in global markets amid uncertainties over Trump tariffs. The 30-share BSE benchmark Sensex declined 191.51 points or 0.25% to settle at 77,414.92…
The Indian Rupee logo is seen inside the Reserve Bank of India (RBI) headquarters in Mumbai. | Photo Credit: REUTERS The rupee appreciated 18 paise to 85.56 against the U.S. dollar in early trade on Friday (March 28, 2025), as sustained foreign fund inflows provided support to the local unit. Forex dealers said over the…
A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. | Photo Credit: REUTERS Benchmark indices declined in early trade on Friday (March 28, 2025) mirroring weak trends in the global markets amid uncertainties over Trump tariffs. The 30-share BSE benchmark Sensex declined…
