Gold rate today: Gold prices in the national capital surged Rs 2,100 to an unprecedented Rs 1,03,670 per 10 grams on Friday, extending gains for the fourth straight session. Dealers said persistent buying by stockists, a weaker rupee, and heightened global uncertainties lifted the yellow metal to a fresh peak.Gold of 99.9% purity, which had…
India’s fiscal deficit touched 29.9% of the full-year target at the end of July, data released by the Controller General of Accounts (CGA) on Friday showed.The gap between government expenditure and revenue was significantly higher compared to the same period last year, when the fiscal deficit stood at 17.2% of the Budget Estimates (BE) of…
The rupee on Friday tumbled past the 88-per-dollar mark for the first time, finishing the day at an all-time closing low of 88.19 (provisional). The sharp fall of 61 paise came amid escalating trade frictions with the US, month-end dollar demand and sustained foreign fund withdrawals.Dealers said the currency was under continuous stress after Washington…
Indian consumers are set to benefit from a significant easing in the Goods and Services Tax (GST) structure, as the government plans to reduce tax slabs and lower rates on several key items. The proposed overhaul will simplify the current four-tier structure into a two-tier system, aiming to make goods more affordable and boost consumption.The…
PM Modi at India-Japan Economic Forum Prime Minister Narendra Modi on Friday said India and Japan are poised to jointly influence the Asian century’s trajectory towards stability, growth and prosperity. He made the remarks while addressing the India-Japan Economic Forum during his two-day visit to Tokyo.“In India, capital doesn’t just grow, it multiplies. You are…
Indian refineries, alongside their Asian counterparts, have increased their orders when US crude. (AI image) Indian refiners have stepped up their purchase of US oil in August, as competitive prices have enhanced the appeal of American crude. The move comes at a time when the Donald Trump administration has imposed 50% tariffs on Indian goods…
Gold price prediction: Intraday traders can look for buying opportunities on dips near ₹1,01,850, with a stop-loss placed at ₹1,01,450. (AI image) Gold price prediction today: Gold rates suggest a ‘buy on dips’ strategy, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. Here is his strategy for gold investors:Gold futures on…
Chris Wood further observed that India’s ongoing Russian oil purchases have become a major point. (AI image) The Donald Trump administration’s move to impose 50% tariffs on India is ‘draconian’, according to Jefferies’ emerging markets strategist Chris Wood, who believes that the step will lead to a direct hit of $55-60 billion.According to an ET…
Urjit Patel appointed executive Director to IMF (File photo) Former Reserve Bank of India (RBI) governor Dr Urjit Patel has been appointed as Executive Director of the International Monetary Fund (IMF) from India for a three-year term, according to a Personnel Ministry order. The appointment was cleared by the Appointments Committee of the Cabinet. Patel,…
Market experts indicate that supportive measures will provide stability to domestic markets despite international trade challenges. (AI image) Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in green on Thursday after a sharp decline in the last two trading sessions. While Nifty50 was above 24,500, BSE Sensex was up over 100…
