Plumes of smoke rise as strikes hit the city during the U.S.‚ Israeli military campaign in Tehran, Iran, on March 5, 2026. | Photo Credit: AP “Conflict in West Asia poses some immediate-term challenges for the Indian economy but is unlikely to dent long-term economic growth momentum,” an external member of the Reserve Bank of…
Gold prices remained elevated on Thursday, holding above $5,100 on COMEX as safe-haven demand continued to underpin precious metals amid escalating geopolitical tensions and uncertainty over US trade policy. Renisha Chainani, Head of Research at Augmont, noted that gold has recovered roughly 5 per cent from recent lows to trade above $5,200, while silver has…
Image used for representational purposes. File | Photo Credit: Reuters Stock market benchmark indices Sensex and Nifty bounced back in early trade on Thursday (March 5, 2026), tracking a rebound in global equities, after facing heavy losses in the past few trading sessions due to the conflict in West Asia. The 30-share BSE Sensex jumped…
Image used for representational purposes. File | Photo Credit: PTI Rupee recovered from its lowest level and gained 48 paise to trade at 91.57 against the U.S. dollar in early trade on Thursday (March 5, 2026), tracking positive momentum in domestic equity markets. However, higher crude oil prices, a strengthening American currency and intense selling…
Gold rose on Thursday as the widening West Asia conflict drove investors towards the safe-haven asset, while a softer dollar also lent support to bullion prices. Spot gold climbed 0.8 per cent to $5,177.26 per ounce by 0249 GMT. US gold futures for April delivery were up 1 per cent at $5,186.40. The US dollar…
Joy Alukkas, an Indian tycoon who built one of the world’s biggest family-owned jewelers, sees gold prices tracking higher over the coming years in response to a world hit by geopolitical and economic risks. The US attacks on Iran and surprise retaliatory drone strikes on Dubai that struck the city’s airport and landmark Burj Al…
Coal prices have increased by 18 per cent, aluminium rates by 6 per cent, and gold stands to gain significantly due to the hostilities in the Persian Gulf with the US, and Israel pitted against Iran. “Following US-Israeli strikes on Iran over the weekend of February 28-March 1, we think gold could reach a new…
India’s gem and jewellery exports to GCC (Gulf Cooperation Council) countries have grown significantly from $5.4 billion in 2021–22 to about $8.3 billion in 2024–25, reflecting the region’s increasing importance for Indian exporters. | Photo Credit: SAHIBA CHAWDHARY The ongoing war in West Asia and the disruptions on global shipments will have a major impact…
Benchmark stock indices Sensex and Nifty closed more than 1% lower on Wednesday (March 4, 2026), in tandem with a weak trend in Asian markets as the conflict in West Asia intensified, driving oil prices higher. Falling for the fourth straight session, the 30-share BSE Sensex tumbled 1,122.66 points or 1.40% to settle at 79,116.19….
Massive selling in domestic equity markets and withdrawal of foreign funds further dragged the Indian currency down. File | Photo Credit: PTI The rupee slumped 67 paise to close at an all-time low of 92.16 against U.S. dollar on Wednesday (March 4, 2026), weighed down by spiking crude oil prices in the wake of the…
