Precious metals continued their upward journey in the first half of October with both gold and silver reaching fresh all-time highs. The prices cooled off subsequent to the U.S. Federal Reserve’s interest rate decision being announced. The firming up of the U.S. dollar too played a part in the recent cool-off from the all-time highs….
Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto Precious metals continued their upward journey in the first half of October, with both gold and silver reaching fresh all-time highs. The prices cooled off subsequent to the U.S. Federal Reserve’s interest rate decision being announced. The firming up of the U.S. dollar too played…
While debates are galore about raising the bar of the retirement age to 60, 62, or even 65, a new breed of professionals dreams of quitting the rat race at 40 or in their early 40s. These chill professionals underpin an idea that gained traction in the United States – FIRE. Soon, the FIRE movement…
Image used for representation purposes only. File | Photo Credit: Reuters The combined market valuation of four of the top 10 valued firms jumped by ₹95,447.38 crore last week, with Reliance Industries emerging as the biggest gainer. From the top-10 pack, Reliance Industries, Bharti Airtel, State Bank of India, and Life Insurance Corporation of India…
The Debasement Trade is the new buzzword in town. As recently as last Thursday, legendary investor Ray Dalio and founder of Bridgwater associates, one of the world’s largest and most-famous hedge funds, termed gold as the “safest money.” A month ago, he had also explained why current times are like the early 1970s and investors…
The Debasement Trade is the new buzzword in town. As recently as last Thursday, legendary investor Ray Dalio and founder of Bridgwater associates, one of the world’s largest and most-famous hedge funds, termed gold as the “safest money.” A month ago, he had also explained why current times are like the early 1970s and investors…
SBI, which became a Trading-cum-Clearing Member at IIBX in 2024, aims to facilitate seamless bullion imports while supporting GIFT City’s rise as a global financial hub | Photo Credit: State Bank of India (SBI) on Saturday announced executing its inaugural gold trade as a special category client (SCC) on the India International Bullion Exchange (IFSC)…
Gold prices extended their decline for the second consecutive week as improved global risk appetite, a strong dollar, and the US Federal Reserve’s cautious tone of further rate cuts have dampened the demand for safe-haven asset. On the Multi Commodity Exchange (MCX), gold futures for December delivery plunged ₹2,219, or 1.8 per cent, over the…
Deep in the Amazon, Indigenous women say they fear getting pregnant. Rivers that have been the lifeblood of their people now carry mercury from illegal gold mining, threatening the health of their unborn children. “Breast milk is no longer reliable,” said Alessandra Korap, a leader of the Munduruku people. At Sai Cinza, a Munduruku community…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Gross GST collection increased 4.6% to about ₹1.96 lakh crore in October driven by festive buying spree despite a cut in GST rates. Goods and Services Tax (GST) rates on 375 items, including kitchen staples to electronics and automobiles, were slashed with effect from…
