New Delhi, Jan 29 (IANS) Gold and silver prices surged to record highs on Thursday, amid a rise in geopolitical tensions following US President Donald Trump’s threat of military action against Iran.Strong buying demand, driven by central bank purchases and further weakening of the US dollar, also fuelled the rally.MCX gold February futures rose 5.99 per cent to Rs 1,75,885 per 10 grams around 10.45 am. Meanwhile, MCX silver March futures rose 4.24 per cent to Rs 4,01,699 per kg.International mar…
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New Delhi, Jan 27 (IANS) Global currency markets are witnessing heightened volatility as the US Dollar continues to lose strength against major currencies, but Indian rupee has found relative stability and weakness in dollar could lead to FII inflows, a report said on Tuesday.The report from Emkay Wealth Management Limited said the volatility in global currency markets and decline of dollar is driven by expectations of further US Federal Reserve rate cuts and geopolitical developments.The US Fed…
New Delhi, Jan 22 (IANS) The overnight signs of a climbdown in Greenland-related tensions will provide relief to market sentiments and rupee volatility is likely to persist in the near term but depreciation is expected to be more gradual than the recent sharp moves, a report showed on Thursday.The rupee rebounded from its all-time low levels to gain 15 paise at 91.50 against the US dollar in early trade on Thursday.According to Radhika Rao, Executive Director and Senior Economist at DBS Bank, th…
Mumbai, Jan 16 (IANS) Gold and silver prices fell on MCX and global markets on Friday as the US dollar strengthened, following weaker‑than‑expected weekly jobless claims.Further, a softer tone from US President Donald Trump on Iran reduced safe‑haven demand for the precious metals.MCX gold February futures dipped 0.26 per cent to Rs 1,42,743 per 10 grams in morning trade, while MCX silver March futures eased 0.94 per cent to Rs 2,88,824 per kg.Spot gold eased about 0.29 per cent to $4,602….
Washington, Jan 16 (IANS) The International Monetary Fund (IMF) on Thursday said it is closely watching global energy markets amid tensions around Venezuela and Iran, but noted that oil prices have not yet seen “very significant impacts.”Asked how serious the current tensions surrounding Venezuela and Iran could be for global energy markets, Julie Kozack, Director of the IMF’s Communications Department, said: “What I can say for now is that obviously we’re monitoring all of this closely….
Seoul, Jan 13 (IANS) The South Korean currency fell further on Tuesday, hovering below the level of 1,470 won per US dollar shortly after recovering from a near 16-year low.The won opened at 1,468.5 per dollar, down 0.1 won from the previous session, and dipped further to 1,472.45 won as of 9:30 am, reports Yonhap news agency.The local currency had slid to a 16-year low of around 1,480 won in mid-December and rebounded above the 1,450 won mark on Dec. 24 for the first time in about two months fo…
New Delhi, Jan 5 (IANS) The price of precious metals including gold and silver opened sharply higher on Monday boosted by safe haven demand due to the United States capturing Venezuelan President Nicolas Maduro over the weekend.MCX gold February futures were 1.47 per cent up at Rs 1,37,750 per 10 grams around 1:30 p.m., while MCX silver March futures rose 2.92 per cent to Rs 2,43,223 per kg, though both remain below December 2025 record highs of Rs 1,40,465 per 10 grams and Rs 2,54,174 per kg.MC…
Mumbai, Jan 4 (IANS) Sharing his annual outlook for the new year, S Naren, Executive Director and Chief Investment Officer at ICICI Prudential Mutual Fund said 2025 turned out to be a “year of hibernation” for Indian markets, even though the country’s macroeconomic fundamentals remained strong. “India maintained low fiscal and current account deficits, controlled inflation and healthy economic growth,” Naren mentioned.Despite these positives, Indian equities failed to deliver strong re…
New Delhi, Jan 2 (IANS) The Indian equity markets touched record highs on Friday, led by strong buying in the metal, FMCG and auto stocks.At the close of trade, the Sensex gained 573 points, or 0.67 per cent, to settle at 85,762. The Nifty, meanwhile, advanced by 182 points, or 0.70 per cent, to close at 26,328.Nifty hit a record high at 26,330 earlier in the day. Its previous high was 26,325. Bank Nifty also surged to a fresh all-time high of 60,152.35, driven by continued strength in the banki…
Mumbai, Jan 1 (IANS) The Indian stock markets welcomed 2026 with a positive opening on Thursday as overall sentiment remained cautiously constructive, supported by improving domestic technicals, despite mixed global cues and the absence of major domestic triggers.While Nifty opened 0.17 per cent higher at 26,173.30, Sensex opened 0.04 per cent up at 85,255.55.Among sectors, FMCG index was down 1 per cent, while telecom index was up 1 per cent in the early trade. On NSE, 10 out of 15 sectors were…