India’s foreign exchange reserves fell by $276 million to $699.96 billion for the week ended October 3, according to Reserve Bank of India (RBI) data.In the previous week, the country’s forex reserves had declined by $2.334 billion to $700.236 billion, PTI reported.Foreign currency assets, the largest component of the reserves, dropped $4.049 billion to $577.708…
Gold rate today: Gold futures advanced Rs 527 to Rs 1,21,020 per 10 grams in domestic trade on Friday, tracking a firm trend in global markets as investors widened bets on expectations of interest rate cuts by the US Federal Reserve.On the Multi Commodity Exchange (MCX), gold for December delivery gained 0.44%, after retreating from…
‘The Vijay Mallya connection’ NEW DELHI: Pandalam Palace representatives have demanded a comprehensive probe to determine how the gold sheets offered by Vijay Mallya in 1998 to the Dwarapalaka idol at Sabarimala ceased to be gold in 2019.They said it is also essential to verify whether sponsors who claim to take up repair works have…
Gold futures on MCX extended losses, slipping sharply toward ₹1,20,500 after a steep fall from the recent high near ₹1,23,800. (AI image) Gold price prediction today: Gold prices will likely dip in the session and traders should sell on any rise, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. Here is…
Once dominated by jewellery, coins and bars, gold investment in India is rapidly moving into the digital and market-linked space, offering investors high returns without the need to hold physical gold.With the festival season of Dhanteras and Diwali approaching, investors looking for pure returns rather than physical ownership now have multiple options, including digital gold,…
Wall Street took a breather on Thursday, with US stocks making only modest moves near record levels while gold edged higher and Treasury yields remained largely unchanged. The S&P 500 inched up 0.1%, coming off its latest all-time high and marking eight gains in the past nine sessions. The Dow Jones Industrial Average rose 21…
Gold loans have become a go-to option for anyone needing quick funds during financial challenges and uncertainties.Whether it’s paying for education, expanding a business, covering personal or medical costs, renovating a home, gold loans offer a convenient solution. With minimal paperwork and speedy access to cash, they are an attractive option, however, many people still…
Gold has surpassed the crucial psychological mark of $4,000, signaling strong bullish momentum. (AI image) Gold and silver price prediction today: Gold and silver prices are exhibiting bullish momentum, reaching new highs, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. He shares his views on gold and silver: MCX Gold Price…
India’s physically backed gold exchange-traded funds (ETFs) recorded their biggest-ever monthly inflow in September, pushing total assets under management to a record $10 billion, according to World Gold Council (WGC) data cited by Reuters. The surge came as investors turned to gold amid weak stock market returns and persistent geopolitical uncertainty.Gold ETFs saw inflows of…
Wall Street stocks showed modest gains on Wednesday, with the S&P 500 inching 0.1% higher near its record high, while the Dow Jones fell slightly by 20 points and the Nasdaq rose 0.3%. Investors remain cautious following the US government shutdown, which delayed major economic data releases, including the monthly jobs report, AP reported.Technology and…