Category : Economy


Gold Prices Jump in Futures Trade on Strong Demand

Gold prices rose sharply on Friday, climbing Rs 1,044 to Rs 1,53,880 per 10 grams in futures trade, fueled by fresh positions and firm spot market demand. International gold futures also gained 0.81%.

Asian Markets Fall on AI Worries, US Inflation Data

Asian stock markets declined sharply on Friday, tracking Wall Street losses amid concerns over heavy AI sector spending and anticipation of US inflation data. Key indices in Hong Kong, Shanghai, and Japan dropped, while South Korea's Kospi edged higher.

New CPI Series: Jan Inflation at 2.8%, Food Weight Cut

India's retail inflation stood at 2.8% in January under the new CPI series, with food weight reduced to 37% from 46%. The update reflects changing consumption patterns and includes modern items like OTT services.

India Revises CPI Base to 2024, Food Spending Share Drops

India's Ministry of Statistics and Programme Implementation has updated the Consumer Price Index base year to 2024, revealing a significant decline in food's share of household spending, reflecting changing consumption patterns.

Gold Futures Mixed, City Prices Fall Amid Global Cues

Gold futures showed mixed trends on Thursday with near-term contracts facing profit booking while longer-dated ones gained. Major Indian cities reported slight declines in retail gold prices, driven by safe-haven demand and global macro uncertainty.

Rupee Gains 38 Paise to 90.40 on RBI Support, Foreign Inflows

The Indian rupee strengthened by 38 paise to 90.40 against the US dollar in early Thursday trading, driven by foreign investments and RBI liquidity support. Despite global tensions and oil price concerns, positive sentiment prevailed in the currency marke

Gold, Silver Prices Fall as US Jobs Data Delays Fed Rate Cut

Gold and silver prices declined on Thursday after robust US employment figures reduced expectations for an early Federal Reserve interest rate cut. Spot gold fell to $5,080/oz, while silver dropped 2% to $82.2/oz, with analysts noting long-term bullish fa

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