Silver rose past $70 for the first time on Tuesday, while gold hit a record high, trading just below $4,500 an ounce, as a weaker US dollar and persistent geopolitical uncertainty lifted demand for safe-haven assets. The silver rate is up 143% so far this year on supply deficits, industrial demand, and investment inflows. (Unsplash) […]
Prices of gold and silver rose to an all-time high today, tracking global cues stemming from growing expectations of more interest-rate cuts by the US Federal Reserve and strong safe-haven demand. Silver has surged 138% year-to-date, vastly outperforming gold, underpinned by robust investment inflows and persistent supply constraints. (Unsplash) What’s the gold, silver rate today […]
Silver prices in India surged to an all-time high on Wednesday, supported by a global rally, amid signs of tighter supplies and expectations of future interest-rate cuts by the US Federal Reserve. Silver has outperformed gold this year with around 80% return. (Unsplash) On the Multi Commodity Exchange, the silver rate surged by ₹4.14% to […]
Shares of Vedanta Ltd. surged to a record on Tuesday after a tribunal approved the company’s demerger into five separate units. Anil Agarwal, founder of the Vedanta Group (Handout) A two-member panel of the National Company Law Tribunal in New Delhi gave its nod to break up Vedanta’s business into five separate units, four of […]
India’s stock market fell in early trade today as investors navigated persistent foreign outflows and a depreciating rupee, while an India-US trade deal was elusive. The Sensex and Nifty 50, which hit record highs on 1 December, have been on shaky ground since then. (HT) At 10:15 am, the 30-share BSE Sensex was down 0.55% […]
The Indian Rupee declined to a record low on Friday, as investor sentiment on the currency remained bogged down by the absence of an India-US trade deal while likely portfolio outflows added to the pressure. The rupee weakened to 90.5175 against the US dollar, slipping past its previous all-time low of 90.4675 hit on December […]
Gold prices rose for a third day after the US Federal Reserve delivered a widely expected interest-rate cut on Wednesday, while silver climbed to a record high. A dovish Fed is positive for precious metals, such as silver and gold, which typically benefit from low rates as they don’t pay interest. (Unsplash) Bullion advanced as […]
Silver prices rose to an all-time high in India on Wednesday on strong investor demand and expectations of an interest rate cut by the US Federal Reserve. India is the biggest market for silver globally. (Bloomberg) Silver futures for March delivery jumped ₹3,736/kg, or 1.98%, to ₹1,91,800/kg on the Multi Commodity Exchange. The white metal […]
The Indian Rupee has slipped to another record low against the US Dollar, a day before the Reserve Bank of India spells out its latest monetary policy decision. The rupee weakened to 90.42 against the U.S. dollar, eclipsing its previous all-time low of 90.29 hit on Wednesday. (Bloomberg) The rupee weakened to 90.42 against the […]
Amid the delays of a trade deal between India and the United States, the Indian rupee continues the weaken and reached a record low of ₹90 per US Dollar (USD) on Wednesday, December 3. On Wednesday morning, the rupee weakened to a low of 90.13 for one US dollar, hitting below its previous all-time low […]
