Gold prices fell by ₹2,400 to ₹1,32,400 per 10 grams in Delhi on Saturday, retreating from record highs even as buyers thronged jewellery stores on the occasion of Dhanteras, marking the beginning of the Diwali festival season. Gold and silver jewellery, utensils, kitchenware, vehicles, clothing, electronics, and more witness substantial sales during Dhanteras. (ANI) According […]
Maruti Suzuki India Ltd. is on track to deliver a record-setting 50,000 cars on Dhanteras, according to a company official, underscoring the resurgence in demand for cars following GST reforms. The Maruti Suzuki Victoris, the latest offering from India’s largest carmaker. (HT) “We have already done 38,500 deliveries today and expect to reach 41,000,” Partho […]
Gold prices are skyrocketing amid the ongoing festive season, with premiums in India hitting another record high at ₹1,32,953 on Saturday, on the occasion of Dhanteras. On Saturday, 24-carat gold stood at ₹1,32,953 per 10 grams, up by ₹3,350, while the 22-carat gold rate was priced at ₹1,21,883 per 10 grams. (PTI) People are willing […]
Nestle India Ltd. clocked record sales in the second quarter of the ongoing fiscal, on improving urban demand for its Maggi noodles to Nescafe coffee. Nestle India’s quarterly results came on a day when the Nescafe maker announced plans to cut 16,000 jobs globally over the next two years. (Reuters) Standalone net profit of the […]
The gold price rose to a record as heightened US-China frictions and bets that the US Federal Reserve will press on with monetary easing through the end of the year supported demand. Gold price has risen about 5% so far this week and touched a peak above $4,227 an ounce amid a “US-China trade war” […]
Gold prices rose to a fresh record to just shy of the $4,200-per-ounce levels on Wednesday, after Jerome Powell hinted at more US Fed rate cuts and amid US-China trade war. The safe-haven gold has gained 59% year-to-date, driven by multiple factors. (Reuters) Spot gold was up 0.9% at $4,178.15 per ounce, as of 0448 […]
Silver swung near a record as an historic short squeeze in London and US-China trade tensions roiled the market, while gold set a new peak. Elsewhere, fears over potential White House tariffs on gold’s precious metal peers drove platinum and palladium sharply higher. Gold IRAs are not Gold set a record above $4,060 an ounce, […]
India’s silver exchange-traded funds are suddenly in the spotlight, attracting record inflows and delivering eye-catching returns—but experts warn that the rally may be getting ahead of itself. The exuberance over silver ETFs has also led to distortions. (Unsplash) According to Reuters, silver ETFs have drawn ₹8,603 crore in inflows during the first eight months of […]