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Gold prices climbed to a fresh lifetime high in the domestic market on Thursday amid sustained buying by jewellers and stockists, according to the All India Sarafa Association.Gold advanced by Rs 800 to hit a new peak of Rs 1,47,300 per 10 grams (inclusive of all taxes), extending gains for the fifth consecutive session. The…
Global oil prices fell sharply on Thursday after comments from US President Donald Trump eased worries about unrest in Iran and possible disruptions to crude supplies.West Texas Intermediate crude fell 3.0% to $60.16 a barrel, while Brent slipped 2.93% to $64.57. The decline came after Trump said he had been informed that the killing of…
Gold prices surged to a fresh lifetime high on Wednesday, tracking firm global cues amid rising expectations of interest rate cuts by the US Federal Reserve and heightened geopolitical tensions.On the Multi Commodity Exchange (MCX), gold futures for the February contract jumped Rs 932, or 0.65 per cent, to hit a record high of Rs…
Gold prices remained firm across major Indian cities on Tuesday, while silver surged to fresh record highs amid global uncertainty and safe-haven buying.The yellow metal eased slightly after scaling record highs. On the MCX, February gold slipped Rs 196 or 0.14%, to Rs 1,41,836 per 10 grams. In overseas markets, Comex gold fell 0.33% to…
Gold futures rallied sharply on Monday, touching fresh record highs in domestic and international markets as investors flocked to safe-haven assets amid rising geopolitical tensions and renewed focus on developments around the US Federal Reserve.On the Multi Commodity Exchange (MCX), gold futures for February delivery jumped by Rs 2,431, or 1.8%, to hit a record…
US banks have flagged concerns over President Donald Trump’s call to sharply cut credit card interest rates, warning that such a move could restrict access to credit and hurt households and small businesses that rely heavily on cards, AFP reported.Trump said on Friday that from January 20, marking the first anniversary of his administration, he…
US President Donald Trump on Friday (local time) announced plans to cap credit card interest rates at 10% for one year, saying the move is aimed at easing affordability concerns for American consumers. He also criticised the previous Joe Biden administration for not checking high interest rates in recent years.In a post on Truth Social,…
Making a case for maintaining the status quo on interest rates, PwC Partner and Economic Advisory Services leader Ranen Banerjee said any rate cut at this stage would amount to “wasting a bullet” at a time when economic growth is robust and inflation remains benign.The Reserve Bank of India is unlikely to reduce the policy…
Gold futures saw a slight uptick on Friday morning, after a choppy week of trading. On the MCX, gold for the February 5 contract was quoted at Rs 1,37,805 per 10 grams, up Rs 63 or 0.05%. However, the broader tone for gold remained weak, as a stronger US dollar and ongoing adjustments in commodity…
US President Donald Trump has announced plans for the federal government to purchase $200 billion worth of mortgage bonds, saying the move will help bring down mortgage rates as concerns over housing affordability continue to weigh down Americans.In a post on social media on Thursday, Trump said the funds would come from Fannie Mae and…
