Gold futures in India dropped by 0.89% to Rs 1,52,071 per 10 grams, influenced by subdued global trends and softer spot demand. Retail prices varied across cities, with declines in Delhi and Mumbai but gains in Chennai and Hyderabad.
Christopher Wood of Jefferies says Pakistan's equity surge is a high-beta, IMF-driven opportunity, while India remains the core long-term investment in Asia due to stronger fundamentals.
Gold prices in Dubai declined by around Dh4 per gram, with 24K trading near Dh569-570. The drop follows global market shifts and easing tensions, aligning with trends across Gulf nations.
Gold and silver prices are in a consolidation phase after recent volatility, with spot gold rising over 1% amid a weaker dollar. Experts discuss the impact of the US-Iran ceasefire and global ETF flows on precious metals.
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Analysis of India's economic trajectory, highlighting growth drivers, global comparisons, and key challenges like infrastructure and job creation for sustainable development.
The World Bank projects India's growth at 7.1% for FY28-FY29, citing high forex reserves, fiscal space, and a robust banking system as key buffers against global energy risks.
Principal Secretary to PM Shaktikanta Das emphasized India's stability and growth prospects at an AIMA event, linking the West Asia crisis to energy security needs and advocating for corporate resilience.
A Ficci report advises Indian companies to secure extra funding and reinforce supply chains, while recommending government emergency financing for MSMEs and tax reforms to counter the West Asia conflict's economic impact.
Migrant workers in Delhi's industrial areas like Narela and Bawana are switching to woodfire stoves due to soaring LPG prices and erratic supply, with many leaving the city to cope with unsustainable costs.
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IMF chief Kristalina Georgieva warns central banks must prioritize inflation control, even at growth cost, as US-Israel war on Iran brings economic pain, supply shocks, and food insecurity risks.
Union Minister Nitin Gadkari emphasizes that a futuristic vision focusing on research, technology, and marketability is essential for India to become a 'vishwa guru' and economic superpower.
The World Bank has revised India's GDP growth projection for FY27 upward to 6.6%, driven by robust domestic demand. However, it cautions about moderation from FY26's 7.6% due to global risks, including West Asia tensions and oil price volatility.
US inflation increased 0.4% in February, with core PCE at 3.0%. Geopolitical tensions from the Iran conflict threaten higher energy costs, potentially delaying Federal Reserve interest rate cuts.
World Bank Regional Practice Director states India has strong policy buffers, high forex reserves, fiscal space, low inflation, and momentum to weather economic headwinds from West Asia conflict.
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Crude oil futures rebounded sharply by Rs 411 to Rs 9,272 per barrel, driven by strong global cues and escalating supply risks in West Asia, particularly around the Strait of Hormuz.
The Indian rupee depreciated by 9 paise, closing at 92.63 against the US dollar, as geopolitical uncertainties from Iran-Israel tensions kept forex markets in a cautious wait-and-watch mode.
Gold prices in India displayed a mixed pattern on Thursday, with futures trading slightly higher on MCX while retail rates declined in most cities but rose in select markets like Hyderabad and Bangalore.
Hero Enterprise Chairman Sunil Kant Munjal states India has effectively managed energy disruptions from the West Asia conflict, highlighting economic resilience and strategic measures.
The Indian government confirms normal LPG supply nationwide, with shipments moving smoothly through the Strait of Hormuz despite regional tensions. Petroleum Secretary Neeraj Mittal addresses concerns, highlighting stable domestic availability and ongoing
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While cash transfers can provide household insurance, experts warn they may entrench dependency and fiscal stress without structural reforms, creating jobbers instead of sustainable employment.
Gold and silver prices show a bullish bias with potential for steady gains, according to Nuvama's Abhilash Koikkara. MCX gold targets 165,000, silver aims for 270,000, supported by key technical levels.
A US-Iran ceasefire provides tactical relief for India by easing oil price pressures and regional tensions, but Bernstein analysts warn it doesn't signal a structural shift in geopolitics or India's long-term energy strategy.
Oil prices recovered on Thursday after their biggest single-day fall since April 2020, with Brent crude nearing $97 amid uncertainty over the Strait of Hormuz and renewed Middle East tensions.
S Mahendra Dev, Chairman of the Economic Advisory Council to the PM, expressed confidence that India could achieve 7% GDP growth in 2026-27, surpassing the RBI's projection of 6.9%.
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The World Bank projects India's growth at 6.6% for FY27, up from 6.3% earlier, driven by strong domestic demand and export resilience, though it warns of headwinds from West Asia conflict.
Telangana records the highest imported inflation in India at 9.5%, far exceeding the national average of 5.36%. Global disruptions and local economic disparities are driving up costs for consumers and manufacturers.
Farmers in Andhra Pradesh's Palnadu district are anxious about falling paddy prices as local rice millers procure large stocks from Telangana ahead of the Rabi harvest, potentially driving down local rates below MSP.
The rapid growth of MSMEs in India conceals underlying job distress, highlighting the urgent need for policies focused on enterprise sustainability and tangible outcomes to secure economic stability.
The Haryana cabinet has approved a 35% increase in minimum wages for all worker categories, with unskilled labor rising to Rs 15,220 monthly, effective April 1, 2026.
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Punjab faces severe agricultural damage with over 3,000% excess rainfall destroying wheat crops on 1.3 lakh acres. Minister Khudian urges Centre for immediate relief and assessment teams.
