Silver Plunges 10%, Gold Dips as Metals Reverse Recovery
Silver and gold prices witnessed a sharp reversal on Thursday, ending a two-day recovery amid selling pressure, weak global cues, and a strong US dollar. Silver futures plunged 10% on MCX.
Silver and gold prices witnessed a sharp reversal on Thursday, ending a two-day recovery amid selling pressure, weak global cues, and a strong US dollar. Silver futures plunged 10% on MCX.
The Economic Survey for Jammu & Kashmir projects a robust 5.82% growth rate for the Union Territory's economy in the fiscal year 2025-26, highlighting significant economic recovery and development.
UBS report forecasts Indian rupee depreciation to 92 against USD by end-2026, despite short-term relief from US-India trade deal. Outlook less bearish than market expectations of 93-94.
India's agricultural sector faces a deep crisis despite aggregate growth figures. While livestock and fisheries show expansion, the crucial crops sub-sector has stagnated at 2% annual growth, directly impacting farmer incomes and rural demand.
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RecommendedSilver prices plummeted 16.6% on Thursday, erasing recent gains, while gold fell 3.5% amid fragile sentiment and thin liquidity. Analysts cite volatile monetary policy outlook and ETF outflows.
Economist Peter Schiff warns of imminent US dollar collapse and severe economic crisis in viral Fox Business interview, highlighting global shift from dollar to gold reserves amid market volatility.
India's budget reforms and free trade agreements create a framework for sustainable growth, focusing on infrastructure, digitalization, and job creation in resilient sectors like tourism and healthcare.
Former NITI Aayog VC Rajiv Kumar emphasizes that India needs faster economic growth and increased global trade share to gain international respect and strategic autonomy.
Economic analysis reveals Union Budget 2026's expenditure cuts in crucial sectors and changes in financial devolution could exacerbate inequality and regional disparities across India.
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RecommendedFederal Reserve Governor Lisa Cook emphasizes inflation risks as the primary economic threat, signaling potential resistance to rate cuts despite labor market slowdown.
Assam CM Himanta Biswa Sarma announces India's entry into a golden economic period through free trade agreements with the UK, EU, and US, predicting over 8% growth and new markets for industries.
BlackRock CEO Larry Fink forecasts sustained 8-10% GDP growth for India over the next decade during discussion with Mukesh Ambani, highlighting India's economic potential.
Reliance Industries Chairman Mukesh Ambani and BlackRock CEO Larry Fink express strong confidence in India's economic future, predicting sustained double-digit growth and a $25-30 trillion GDP over decades.
BlackRock CEO Larry Fink hails India's long-term economic growth potential at JioBlackRock event in Mumbai, emphasizing digital transformation and AI opportunities.
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RecommendedExpenditure Secretary V. Vualnam emphasizes that subsidies for food security and agriculture remain critical in India. The government plans gradual rationalization using technology while maintaining fiscal discipline.
India's optimism rises 7% to 69%, ranking second globally in Ipsos survey. Stable governance, policy continuity, and easing economic pressures drive confidence amid global subdued outlook.
India's Chief Economic Adviser V. Anantha Nageswaran highlights the 2024 budget's emphasis on manufacturing to support currency stability, boost exports, and align with strategic priorities.
Reliance Industries Chairman Mukesh Ambani expresses confidence in India's economic trajectory, stating that sustained double-digit growth is achievable through strategic reforms and digital transformation.
India's 2026-27 budget signals a crucial shift from chasing credit volume to building robust financial infrastructure, focusing on corporate bond markets and long-term capital mobilization for sustainable growth.
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RecommendedThe Union Budget 2024 has triggered mixed reactions on social media, with urban middle-class citizens expressing frustration over tax burdens and lack of relief measures while navigating economic pressures.
The Economic Survey 2025-26 reveals 2,547 disaster-related deaths in Bihar in 2024-25, with drowning as the leading cause, highlighting the state's high vulnerability due to its geography and climate.
The 16th Finance Commission report reveals Rs 605 crore losses in Himachal Pradesh's state enterprises, especially power. It criticizes broad electricity subsidies, fiscal deficit rise, and lack of capital spending, urging better targeting and discipline.
India's services sector shows strong recovery in January 2026 with PMI rising to 58.5, driven by domestic demand and international orders from Asia. Finance sector leads growth despite challenges.
India's services sector growth accelerated to a two-month high in January, driven by strong demand and new business orders, according to the latest Purchasing Managers' Index (PMI) data.
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RecommendedElon Musk reposted an IMF projection chart showing China and India contributing over 43% of global GDP growth in 2026, signaling a shift in economic power dynamics.
India's services sector started 2025 strongly with PMI at 58.5 in January, driven by robust domestic and international demand. Employment and business confidence improved, while price pressures remained moderate.
The Union Budget 2026, followed by the India-US trade deal announcement, signals a potential shift from populist measures to strategic economic policies, boosting trade and investment prospects.
India's urban land regulations impose significant costs on the economy, hindering productivity and growth. Reforming these archaic rules is as crucial as recent labour law changes for unlocking India's economic potential.
The Indian rupee depreciated by 22 paise against the US dollar, closing at 90.54/USD after opening at 90.35. This decline follows recent India-US trade developments, impacting the interbank foreign exchange market.
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RecommendedWhile the government aggressively pursues free trade agreements, structural reforms remain elusive. Job creation schemes falter, industrial policy lacks persistence, and FDI hits record lows, raising questions about India's economic direction.