Gold prices in the US were down 1.2 per cent to $5,098 an ounce after shedding 2 per cent in the earlier session as dollar strengthened against major currencies The sharp depreciation of the rupee against dollar has cushioned domestic bullion prices from the impact of global slide in gold prices. The rupee depreciated to…
This image is used for representational purposes only. | Photo Credit: Reuters The rupee crashed to its all-time closing low of 92.35 (provisional) against the U.S. dollar on Monday (March 9, 2026), losing 53 paise during the session, as global crude oil prices saw a sharp spike, and the greenback strengthened amid worsening conflict in…
The escalating crisis in West Asia has dramatically changed the outlook for Asian central banks, with the huge supply shock posing a difficult trade-off between underpinning growth and countering inflation. For emerging Asian central banks, cutting interest rates has become a risky bet not just because of the added price pressure from higher fuel costs,…
Finance Ministers and Central Bank Governors pose for the family picture at the G7 Finance Ministers meeting in Stresa, northern Italy. File | Photo Credit: AP The Group of Seven (G7) Finance Ministers will discuss on Monday (March 9, 2026) a joint release of oil from emergency reserves coordinated by the International Energy Agency, a…
The U.S. has urged India to buy Russian oil already floating at sea and redirect it to Indian refineries to “tamp down” fears of supply shortages and price spikes amid the ongoing West Asia conflict, Energy Secretary Chris Wright has said. However, the move, he said is a short-term, pragmatic effort to stabilise the market…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Investors in Indian stock market sold big at open pushing the benchmark indices down by 3% on March 9, 2026. Nifty opened at 23,868.05 points, down and Sensex at 77,056.75 points. As of 9:37 a.m, they’re trading at 23,769 points and 76,715.44 points. These…
Gold fell, pressured by a stronger US dollar and concerns over higher interest rates, as the war in the Middle East extended into a second week and oil surged toward $120 a barrel. Bullion tumbled as much as 3% to $5,015 an ounce, following its first weekly decline in more than a month, before paring…
U.S. urged India to buy Russian oil already at sea to ease supply fears: Energy Secretary The U.S. has urged India to buy Russian oil already floating at sea and redirect it to Indian refineries to “tamp down” fears of supply shortages and price spikes amid the ongoing West Asia conflict, Energy Secretary Chris Wright…
In an interesting development, the Bank of Korea (BOK) announced plans to incorporate overseas-listed physical gold ETFs (exchange-traded funds) into its foreign reserve portfolio from the first quarter of 2026. Buying of gold by central banks across the world eased in January 2026 compared with the previous 12-month average of 27 tonnes, the World Gold…
Asian stock markets plunged on Monday (March 9, 2026) as oil prices soared 30% on fears about supplies from West Asia as the U.S.-Israeli war against Iran continued into a second week with no sign of letting up. Investors, already spooked by concerns over extended tech valuations and the huge spending on AI, ran for…
