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Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units, like the euro, pound and yen held in the foreign exchange reserves
The precious metal of 99.5 per cent purity increased by Rs 600 to Rs 1,24,100 per 10 grams (inclusive of all taxes), according to All India Sarafa Association. The metal had closed at Rs 1,23,500 per 10 grams on Tuesday.
Stocks in some of America’s top retail brands, from department stores to toymakers and apparel companies, rallied as a skeptical US Supreme Court raised hopes the sweeping tariffs may be lifted.
The hiatus comes during a period of weaker seasonal demand, and as the market closely watches how US sanctions on Russia’s two biggest oil producers impacts supply.
India’s oil imports from Russia have dropped sharply after US sanctions on Rosneft and Lukoil. Refiners brace for tighter supplies and shift to new sources.
A private survey of manufacturing activity in China fell to 50.6 in October, compared with 51.2 in September, a bigger decline than forecast
Gold prices in India stayed flat at Rs 12,300 per gram (24K) on November 2 after a Rs 1 lakh drop from mid-October highs. Traders eye Fed policy, global cues.
SBI was also the first bank to become a Trading-cum-Clearing (TCM) Member at India International Bullion Exchange in 2024, it said.
The exchange has identified a predefined parameter limit related to reference data, including Unique Client Code (UCC) configurations, as the root cause of the October 28 incident. It assured that trading systems remained unaffected and corrective measures have been implemented to prevent recurrence.
Demand for gold bars and coins rose 17% in the third quarter, led by India and China, while inflows into physically backed gold exchange-traded funds jumped by 134%, said the WGC
Indian Oil, the country's biggest refiner, is looking to gauge market interest in the event that it needs to buy oil from the Americas
Futures on the London Metal Exchange fell as much as 1.4% on Thursday, pulling back from a surge to an all-time high in the previous session that capped a 28% year-to-date advance
The precious metal has retreated sharply in recent days following a scorching rally that drove prices to a record above $4,380 an ounce last week.
Silver premiums over official domestic prices have come down to 25 to 40 cents per ounce this week from more than $5 earlier this month, dealers said
Analysts expect further downside in gold prices in November and December as seasonal demand tapers off after the festive period.
A surge in non-Russian oil sources could result in a spike in oil prices, is the fear. But a look at the physical and financial market points to enough reasons why that may not happen
Gold, being a non-yielding asset, typically performs well in a low-interest rate environment.
Munnot expressed confidence in Indian investors and said there is more maturity now among them
As India steps confidently into this new chapter, the India Web 3.0 Summit promises to bring together the thinkers, builders, and decision-makers shaping the country’s digital future.
Gold, Silver rates today on October 27 in India: After a scorching rally that pushed gold to a record high of just over $4,380 an ounce last Monday, prices have since pulled back amid signs of overbought conditions.
Retail demand weakened as consumers anticipated lower prices, though jewellers expect that any dip could revive festival-buying interest as the wedding season gathers pace
In Mumbai, the prices stood at Rs 125,620 per 10 grams for 24K gold, Rs 115,150 for 22K gold and Rs 94,220 for 18K
Gold rate on Oct 25 in India: Yellow metal breaks record rally in international bullion - Check 24K, 22K 18K rates across major cities - Full list
Tata Mutual Fund has resumed fresh investments in its Silver ETF Fund-of-Fund scheme
For Tata-owned Tanishq, exchanges are expected to account for nearly half of total sales value on Dhanteras this year, compared with about 35% a year ago
