Latest News, Updates & Breaking Headlines
Representative image (AI-generated) Domestic steel prices have fallen to a five-year low, trading between Rs 47,000 and Rs 48,000 per tonne, based on BigMint market data.Several factors have influenced these prices. Rising imports, weak export demand and oversupply in the global market all contribute to the decline.Hot rolled coil (HRC) is priced at about Rs…
Gold-backed ETFs experienced their most substantial single-day tonnage withdrawal in five months, indicating that institutional investors are reducing their positions. (AI image) Why are gold prices falling? After a record-breaking run, gold prices seem to be taking a breather with a significant 3% drop this week in the international markets. The yellow metal is set…
AI image for representational purpose Pakistan is witnessing a sharp surge in the prices of essential goods, particularly tomatoes, which have risen over 400 percent to around 600 Pakistani rupees ($2.13) per kilogram, following the closure of border crossings with Afghanistan. The move comes after clashes erupted between the two neighbours earlier this month, marking…
MUMBAI: Thanks to sharp corrections in price of silver recently, the price of exchange traded funds (ETFs) units on the white metal on domestic bourses have started trading at substantial discounts to spot prices. ETF rates are now down about 15-25% from their respective peaks recorded last week.Consider this: Silver BEES ETF, one of the…
Oil prices rose sharply on Wednesday, triggered by America’s fresh sanctions on Russian oil companies.Brent crude futures jumped $3.03, or 4.94%, to $64.35 a barrel, while US West Texas Intermediate (WTI) crude added $1.42, or 2.43%, to $59.92 after the settlement at 6 PM EDT (2200 GMT). Earlier, Brent had settled $1.27 higher at $62.59…
Gold and silver prices are undergoing correction after witnessing a sharp rally over the past year and investors are wondering where the precious metals will head now.Experts say that the pullback is temporary, and the overall outlook for gold and silver remains strong.Rajesh Rokde, chairman of the All India Gem and Jewellery Domestic Council, told…
Gold prices edged higher on Wednesday as a weaker dollar and bargain hunting lifted demand following a sharp fall in the previous session. Investors are now watching US inflation data closely for hints on the Federal Reserve’s next move on interest rates.Spot gold rose 0.6% to $4,146.47 per ounce at 0636 GMT, recovering some ground…
Repriced and repacked! Your biscuit, shampoo and water bottles will now be bigger!Remember when a Rs 5 Parle-G pack or a Rs 20 Bisleri bottle felt like such a steal, giving you more than you expected?Those days could soon be back as FMCG companies are planning to bring back these familiar price points by mid-November,…
File photo: Canadian Prime Minister Mark Carney (Picture credit: AP) Canada’s annual inflation rate climbed to 2.4 per cent in September, slightly above analysts’ expectations, driven by rising grocery prices and moderated declines in gasoline costs, official data showed Tuesday.According to Statistics Canada, food prices rose 3.8 per cent year-on-year, marking the largest increase since…
Gold may see some correction ahead of the US CPI and PMI reports to be released on October 24 as hot inflation data may hurt December cut chances. (AI image) Gold price prediction: Gold prices are likely to be volatile in the coming days and instead of chasing the rally, investors should look to buy…
