New Delhi, May 9 (IANS) Gold prices rose 1.83 per cent during the week over persistent geopolitical uncertainty and volatile crude prices.On Friday, MCX gold June futures gained 0.04 per cent while MCX silver May futures surged 1.34 per cent. Currently gold futures stand at Rs 1,52,589, while silver futures at Rs 2,61,999 per kg.The price of 10 grams of 24-carat gold was at Rs 1,51,078 on Friday up from Rs 1,48,357 seen on Monday market opening, according to data published by the India Bullion a…
Latest US–Iran News & Updates
New Delhi, May 7 (IANS) Gold and silver prices traded higher on Thursday, with prices rising by up to 1 per cent amid a rise in crude oil prices and uncertainty surrounding the US-Iran peace deal.On the Multi Commodity Exchange (MCX), gold futures (June 5) traded at an intraday high of Rs 1,52,887, up 0.49 per cent or Rs 755, as of 10:49 am. The yellow metal touched an intraday low of Rs 1,52,400.Meanwhile, silver futures (July 3) were trading 1.49 per cent or Rs 3,790 higher at Rs 2,57,055 afte…
New York, May 5 (IANS) International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned that the global economy would face a “much worse outcome” if the Middle East war drags on into 2027, with oil prices hitting around 125 dollars per barrel. “We are going to see inflation climbing up, and then inevitably, inflation expectations would start de-anchoring,” she said at a conference hosted by the Milken Institute in Washington, D.C., on Monday (local time).She noted that current con…
Seoul, May 4 (IANS) South Korean stocks shot up by more than 5 per cent to close at a fresh high on Monday, approaching the 7,000-point mark, as investors scooped up semiconductor shares while awaiting developments in US-Iran peace talks. The Korean won rose sharply against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) added 338.12 points, or 5.12 percent, to a fresh record high of 6,936.99.Trade volume was heavy at 864.3 million shares worth 41.3 trillion won (US$28.2 bi…
Mumbai, April 21 (IANS) Gold and silver prices declined on Tuesday amid prevailing global uncertainty, with both precious metals trading lower by up to around 1 per cent.On the Multi Commodity Exchange (MCX), gold contracts for June 5 were trading at Rs 1,53,415, down 0.34 per cent or Rs 528. The yellow metal was at Rs 1,53,585 per 10 grams, a decline of Rs 358 or 0.23 per cent, at around 11:55 a.m. It touched an intraday high of Rs 1,53,992.On the other hand, silver futures contracts for May 5 …
New Delhi, April 19 (IANS) Investors remain keen on cues from the US-Iran negotiations, global crude oil price trend and ongoing Q4 FY26 earnings commentary to assess market trends this week, analysts said on Sunday.Market participants said that softer crude prices, improving global cues and more stable flows are supporting the recovery this week.Indian equity markets need a follow‑through buying to confirm a durable uptrend even as easing Middle East tensions support the uptrend, they said.”D…
New Delhi, April 18 (IANS) Foreign institutional investors (FIIs) have begun to show early signs of stabilisation in the Indian equities following a prolonged period of outflows, according to market watchers.Notably, FIIs turned net buyers in the final three sessions of this week, lending support to the recovery and improving overall sentiment.However, on a cumulative basis, flows remained marginally negative for the week at around Rs 250 crore, indicating that sustained inflows will be required…
Mumbai, April 18 (IANS) The Indian benchmark indices closed on a strong note this week, supported by optimism surrounding US–Iran peace talks.Additionally, appreciation in the rupee and a cooling in crude oil prices kept trader sentiment upbeat, leading to broad-based buying across sectors, said analysts.At close on Friday, Sensex surged by 504.86 points or 0.65 per cent to settle at 78,493.54, while Nifty gained 156.80 points or 0.65 per cent to close at 24,353.55. On the sectoral front, buyi…
Mumbai, April 16 (IANS) Benchmark equity indices Nifty and Sensex ended off their intra-day highs on Thursday as selling pressure in banking and auto stocks capped gains.However, investors also remained cautious ahead of further clarity on upcoming negotiations between the US and Iran.At the closing bell, the Sensex was at 77,988.68, down by 122.56 points or 0.16 per cent. Nifty followed suit and closed at 24,196.75, down by 34.55 or 0.14 per cent.Commenting on Nifty technical outlook, experts s…
Seoul, April 16 (IANS) The Seoul government has submitted a formal opinion letter on the United States’ ongoing probes into South Korea and other nations involving what it calls “unfair” trade practices related to structural excess production and forced labour, officials said on Thursday.The letter was submitted by the Ministry of Trade, Industry and Resources to the office of the US Trade Representative (USTR) ahead of public hearings on the ongoing trade investigation scheduled to begin next m…