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Gold prices slipped close to a three-week low on Monday, dragged down by a stronger dollar and easing trade tensions between the US and China. On the Multi Commodity Exchange (MCX), gold opened weaker at Rs 1,21,284 per 10 grams, down Rs 224 or 0.18%, while silver prices gained Rs 1,087 or 0.73% to Rs…
Gold prices continued to slide for the second straight week, pressured by a stronger dollar, easing geopolitical tensions, and the US Federal Reserve’s cautious signals on rate cuts that dented demand for safe-haven assets.On the Multi Commodity Exchange (MCX), gold futures for December delivery fell Rs 2,219, or 1.8 per cent, over the week. The…
The rupee slumped 47 paise to end at 88.69 against the US dollar on Thursday, pressured by a stronger greenback, weak domestic equities, and hawkish commentary from the US Federal Reserve that dented global risk appetite.Traders said the local unit came under sustained pressure through the session amid month-end dollar demand from oil marketing companies…
Silver prices fell sharply on Monday as hopes of a US-China trade deal and a stronger dollar reduced demand for safe-haven metals.On the Multi Commodity Exchange (MCX), silver futures for December delivery dropped by Rs 1,964, or 1.33 per cent, to Rs 1,45,506 per kilogram in a business turnover of 20,367 lots. The white metal…
Gold and silver prices lost their festive sparkle this week, snapping a nine-week rally as investors booked profits amid a strong dollar, easing geopolitical tensions, and falling global prices. On the Multi Commodity Exchange (MCX), December gold futures dropped Rs 3,557, or 2.80 per cent, to close at Rs 1,23,451 per 10 grams on Friday,…
The central bank has added 600 kilograms to its gold reserves this fiscal year. (Representative image) In a strategic shift, India is betting on gold rather than dollar-based assets for its foreign exchange reserves. The Reserve Bank of India (RBI) is showing a preference for gold over dollar-based investments, data suggests. As of October 10,…
The Indian rupee edged up by 9 paise to close at 87.93 (provisional) against the US dollar on Monday, supported by foreign fund inflows and softer crude oil prices. Positive domestic equity market sentiment also lent further support, according to forex traders.At the interbank foreign exchange, the rupee opened at 87.94 and traded in a…
Mehul Choksi (File photo) A court in Antwerp, Belgium, on Friday cleared the extradition of fugitive diamantaire Mehul Choksi, marking a major breakthrough for India in the Rs 13,000-crore Punjab National Bank (PNB) fraud case. Officials said the court upheld the validity of Choksi’s arrest made by Belgian authorities on India’s request earlier this year.“The…
Gold prices are likely to stay firm amid global uncertainty, with the dollar and rupee expected to trade in narrow ranges as tariff tensions and geopolitical risks keep markets volatile, Director of Commodities and Currencies at Anand Rathi, Naveen Mathur, said in an interview with ET.He noted that the dollar index, which touched a three-month…
US President Donald Trump (AP photo) US President Donald Trump on Wednesday detailed his tariff strategy against Brics, claiming the bloc was “against the dollar” and saying countries were “dropping out.”“I told anybody who wants to be in Brics, that’s fine, but we’re going to put tariffs on your nation,” Trump said. “Everybody dropped out….
