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The average interest rate on a 30-year US mortgage edged slightly higher this week but remained close to its lowest level of 2025, offering limited relief to homebuyers amid a still-challenging housing market, according to data released by Freddie Mac.The average long-term mortgage rate rose to 6.16% this week from 6.15% last week, when it…
Gold prices opened lower on Thursday amid a mix of technical pressures and global macro cues, while silver traded higher. On the Multi Commodity Exchange (MCX), February gold futures slipped Rs 324 to trade at Rs 1,37,685 per 10 grams, reflecting mild profit-booking after recent volatility. The subdued trend in gold followed a choppy week…
Gold prices slipped on Wednesday as investors booked profits after strong gains in recent sessions, while focus shifted to upcoming US economic data. On the domestic front, February gold futures on the Multi Commodity Exchange (MCX) declined by Rs 633, or 0.46%, to Rs 1,38,450 per 10 grams, reflecting mild profit-booking.In the international market, Comex…
MUMBAI: After months of sluggishness, demand recovery is in sight for consumer goods companies, partly helped by GST cuts which drove down prices of a host of household essentials and left more money in the hands of shoppers. There have been some initial signs of revival on the ground already, firms said in their recent…
Gold prices continued to climb on Tuesday as investors turned towards safe haven assets amid growing political instability in Venezuela and rising US-Latin America tensions. On the domestic front, February gold futures on the Multi Commodity Exchange (MCX) rose by Rs 445, or 0.32%, to Rs 1,38,565 per 10 grams, with 14,949 lots traded. Internationally,…
Gold prices climbed strongly on Monday after last week’s pullback, with futures gaining momentum amid fresh geopolitical concerns surrounding South American oil producing nation, Venezuela, and growing focus on upcoming US macroeconomic indicators. In the domestic market, February gold futures on the Multi Commodity Exchange (MCX) rose by Rs 1,509, or 1.11%, to Rs 1,37,270…
The US commerce department is preparing to ease the steep tariffs planned on Italian pasta imports, reducing the duties proposed earlier this year. Italian pasta had been facing one of the highest tariff burdens among European food products entering the United States. While most European Union goods are already subject to duties of at least…
Gold and silver futures opened the new year on a strong note on Friday, driven by firm global cues as investors moved towards safe-haven assets amid expectations of lower US interest rates.On the Multi Commodity Exchange (MCX), gold futures for February delivery rose Rs 948, or 0.7%, to Rs 1,36,752 per 10 grams, with a…
Tobacco stocks saw a sharp sell-off on Thursday after the finance ministry formally notified February 1 as the date for imposing additional excise duty on tobacco products, along with a health cess on pan masala. Shares of Godfrey Phillips India plunged as much as 10% in morning trade, while ITC fell over 8%.On the BSE,…
Tobacco products and pan masala products are set to face a new tax structure from February 1. This comes as the Centre rolls out additional excise duty and a health cess, above the current GST rates. The new structure will replace the compensation cess which is applied on ‘sin goods.’Tobacco and allied products will now…
