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Gold rally: Soaring prices cool festive demand; experts see short-term correction but back annual SIP buying

Gold may be synonymous with festivals and weddings in India, but this season the metal’s dazzling rise has kept many buyers away. Even as shopfronts sparkle with festive offers, record-high prices have dulled demand for the yellow metal.On October 7, gold futures on the Multi Commodity Exchange (MCX) scaled Rs 1,21,111 per 10 g, marking…

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Gold as ‘new barometer’: RBI Guv says gold prices reflect global uncertainty as crude did earlier; warns of global equity market correction

RBI Governor Sanjay Malhotra on Friday said gold prices may now be acting as a fresh barometer of global uncertainty, similar to how crude oil once reflected geopolitical risks, even as he cautioned of a potential correction in global equity markets.Speaking at the Kautilya Economic Conclave 2025, Malhotra noted that despite widespread fiscal stress, oil…

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‘Unreasonable suppression’: China protests US export blacklist expansion; demands ‘immediate correction’

China issued a strong protest on Monday against the United States’ decision to broaden its export restriction catalogue, stating it would implement essential steps to protect Chinese companies’ rightful interests.The United States implemented stricter controls on Monday targeting firms in China and various nations that employ subsidiary operations to circumvent limitations on semiconductor manufacturing equipment…

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