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…
Latest US Federal Reserve News & Updates
Washington, Jan 29 (IANS) US Federal Reserve Chair Jerome Powell declined to comment on his future at the central bank during a wide-ranging press conference. Asked whether he has decided to remain as a Fed governor, Powell said: “No.” He added: “I really, once again, have nothing for you on that today.”Pressed on when a decision might come, Powell repeated that he had nothing to add.When asked why he might consider leaving, Powell declined again. “There’s a time and place for these …
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 27 (IANS) India’s GDP growth is forecasted at 6.5 per cent in 2026 and 6.4 per cent in 2027, keeping it among the fastest‑growing major economies, a report said on Tuesday.The report from DBS Bank said that CPI inflation is expected to rise from 2.2 per cent in 2025 to 3.5 per cent in 2026 and 4.5 per cent in 2027, indicating gradual price normalisation.It stated that the Reserve Bank of India is expected to keep policy rate steady at 5.25 per cent through 2026 and 2027, signa…
Mumbai, Jan 27 (IANS) Gold and silver prices surged to record highs on Tuesday, amid persistent weakness in the US dollar and expectations of rate cuts by the US Federal Reserve.MCX gold February futures rose 1.48 per cent to Rs 1,58,343 per 10 grams. Meanwhile, MCX silver March futures rose 6.56 per cent to Rs 3,56,670 per kg.Earlier in the day, gold had peaked to Rs 1,59,820 per 10 grams, up 2.4 per cent, before profit-booking eased the price level.International markets also saw gold and silve…
Mumbai, Jan 25 (IANS) The Indian stock market is expected to remain volatile in the coming week as investors keep a close eye on several major events, including the Union Budget 2026, the US Federal Reserve meeting, ongoing corporate earnings, and global developments. After a choppy week marked by selling pressure and global worries, market participants are likely to trade cautiously while looking for clear signals from these key triggers.The domestic equity market ended the week on a weak note …
New Delhi, Jan 22 (IANS) Gold futures on the MCX dipped close to 1 per cent on Thursday from record high in the previous session due to profit booking, amid easing geopolitical tensions and strengthening of dollar.Fears of a US‑EU trade conflict moderated after US President Donald Trump softened his tone on acquisition of Greenland.MCX gold February futures dipped 0.78 per cent to Rs 1,51,665 per 10 grams. Meanwhile MCX silver March futures dipped 0.62 per cent to Rs 3,16,509 per kg.Gold rates…
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….
Mumbai, Jan 8 (IANS) Hindustan Zinc shares came under heavy selling pressure on Thursday, as the stock fell more than 6 per cent to Rs 588.35 on the NSE.This marked its steepest single-day fall in the last six months. The sharp decline was largely driven by a sudden correction in silver prices, which dampened investor sentiment across the metal sector after a strong rally last year.The sell-off was not limited to one stock, as the entire metal pack traded in the red during the session.The Nifty …
New Delhi, Jan 3 (IANS) Gold and silver entered 2026 with elevated volatility after an exceptional 2025 rally, analysts said on Saturday, adding that the fundamental outlook for precious metals remains constructive.Gold futures with February expiry eased moderately down 0.04 per cent, settling at Rs 1,35,752 on MCX on Friday. The price of 10 grams of 24-carat gold closed the week at Rs 1,34,782 up from Rs 1,33,195 at the year end, according to data published by the India Bullion and Jewellers As…