Gold Tops Rs 40,000-Mark For The First Time: 10 Things To Know
- Lingering worries over a possible global recession and uncertainty over the US-China trade talks boosted the demand for safe-haven bet gold, traders said.
- Fresh buying by jewellers ahead of the festive season also aided the rally in the precious metal.
- "Gold prices have kept the firm trading so far on mixed global cues as inverse bond yields from the US and Germany have raised economic slowdown fears," news agency PTI quoted Tapan Patel, senior analyst (commodities), HDFC Securities as saying.
- "The development on Brexit will be the next thing for the markets to watch out while progress in US-China trade talks and US Federal Reserve's stance (on rate cuts) are constant factors to determine the price trend for gold," Mr Patel added.
- Globally, spot gold was steady at $1,538.36 per ounce in intraday trade. Prices scaled $1,554.56 an ounce on Monday, their highest since April 2013.
- US gold futures were down 0.1 per cent at $1,547.10.
- In Delhi, gold of 99.9 per cent and 99.5 per cent purity soared by Rs 250 each to Rs 40,220 and Rs 40,050 per 10 grams, respectively.
- Sovereign gold surged by Rs 400 to Rs 30,200 per eight grams.
- Silver ready rose by Rs 200 to Rs 49,050 per kg, while weekly-based delivery climbed Rs 814 to to Rs 47,230 per kg.
- Silver coins traded higher by Rs 3,000 at Rs 1,01,000 for buying and Rs 1,02,000 for selling of 100 coins.
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High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
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Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
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Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
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India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
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France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
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You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
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Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
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FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
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Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
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India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
