Gold demand in India picked up slightly this week ahead of a key festival, although elevated prices weighed on sentiment, while premiums in China narrowed as retail demand slowed. Akshaya Tritiya, the second-biggest gold-buying festival in India after Dhanteras when buying gold is considered auspicious, will be celebrated on April 19. “Retail buyers have started…
Looking ahead, the World Gold Council found that fundamentals began to reassert themselves as the dollar struggled to sustain gains and early April ETF flows turned positive. Gold fell 12 per cent in March to $4,608/oz, its weakest month since June 2013, according to a report by the World Gold Council (WGC). The precious metal…
Image for representational purposes only. File | Photo Credit: Getty Images/iStockphoto The rupee depreciated 9 paise to close at 92.63 (provisional) against the U.S. dollar on Thursday (April 9, 2026), as the situation in West Asia remains fragile, keeping investors wary of the opening of the Strait of Hormuz. Forex traders said geopolitical uncertainty was…
Gold prices pared early losses to trade higher at ₹1.51 lakh per 10 grams in futures trade on Thursday, supported by cautious buying amid a fragile ceasefire between the US and Iran. On the Multi-Commodity Exchange, the yellow metal contract for June delivery opened lower, but later reversed losses to trade in the green territory….
Image for representational purposes only. File | Photo Credit: Reuters Equity benchmark indices ended lower on Thursday (April 9, 2026), with the Sensex tumbling 931 points after a spectacular rally in the previous session, as renewed tensions in West Asia faded the ceasefire-led optimism. The ceasefire deal appeared to be at risk after Iran closed…
SpaceX has a commanding lead in deploying the low-Earth orbit satellites that deliver internet and communications for its Starlink service from space. File | Photo Credit: AP Elon Musk’s SpaceX is seeking a $1.75 trillion valuation in its forthcoming initial public offering. How far into the stratosphere is that? Going by common Wall Street metrics, the…
Image used for representation purpose only. | Photo Credit: Reuters The rupee depreciated 17 paise to 92.71 against U.S. dollar in early trade on Thursday (April 9, 2026) as the fragile ceasefire and Iran’s threat to step out of the talks if Israel kept bombing Lebanon kept investors wary. Forex traders said markets are in…
Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,811.97 crore on Wednesday (April 8), according to exchange data. | Photo Credit: Reuters Stock market benchmark indices Sensex and Nifty tumbled in early trade on Thursday (April 9, 2026) after an impressive rally in the previous session amid fresh tensions in West Asia, igniting concerns over a…
Spot gold has declined more than 10% since the US-Israeli war on Iran began on February 28, as higher energy prices fuelled inflation concerns and prompted markets to reassess interest rate expectations. Gold prices held steady on Thursday as market players remained cautious about the direction of US-Iran ceasefire talks, with a key US inflation…
MMTC-PAMP, a London Bullion Market Association (LBMA) Good Delivery gold and silver refiner, has launched an organised buyback offering for silver coins, bars and jewellery. MMTC-PAMP plans to offer this service at select retail stores across India. MMTC-PAMP, which operates 17 stores for the recycling of gold in India, aims to extend its buyback offering…
