Trading houses, hedge funds and banks are on a hiring spree for specialist gold traders as interest in the metal soars, creating a battle for talent that is driving up pay packages in what has historically been a niche market. Major commodity traders Trafigura Group and Gunvor Group have brought in teams of precious-metals traders…
Representative image | Photo Credit: Reuters The rupee depreciated 12 paise to 87.95 against the U.S. dollar in early trade on Monday (October 27, 2025), weighed down by rising crude oil prices supported by optimism over a potential U.S.-China deal. Forex traders said the rally in crude oil prices was driven by the potential U.S.-China…
In the international markets, comex gold futures for December delivery fell by $61.69, or 1.49 per cent, to $4,076.11 per ounce on Monday | Photo Credit: Anadmist Gold and silver fell sharply in the futures market on Monday, tracking weakness in global bullion markets as growing optimism over a potential US-China trade deal and a…
MCX, the largest commodity prices exchange, has launched monthly Options contracts on the MCX iCOMDEX Bullion Index (MCX BULLDEX). The index represents the precious metals segment, including the most liquid MCX Gold and Silver Futures contracts. The Options contracts on this index will enable market participants with a risk management tool, combining the benefits of…
Union Minister of Commerce and Industry Piyush Goyal interacts with Berlin’s Indian diaspora during an official visit to meet Global Industry leaders, in Berlin on October 25, 2025. | Photo Credit: ANI Commerce and Industry Minister Piyush Goyal will visit Brussels on October 27 to 28 to hold high-level discussions with his counterpart in the…
Union Minister of Commerce and Industry Piyush Goyal interacts with Berlin’s Indian diaspora during an official visit to meet Global Industry leaders, in Berlin on October 25, 2025. | Photo Credit: ANI Commerce and Industry Minister Piyush Goyal will visit Brussels on October 27 to 28 to hold high-level discussions with his counterpart in the…
US gold futures for December delivery settled 0.2% lower at $4,137.8 per ounce. Gold prices pared losses on Friday after slightly softer-than-expected US inflation data reinforced expectations that the Federal Reserve will cut interest rates next week, but the metal was still set for its first weekly loss in 10 weeks. Spot gold fell 0.2…
A man walks past an installation of the Rupee logo and Indian currency coins outside the Reserve Bank of India (RBI) headquarters in Mumbai. File | Photo Credit: Reuters The rupee appreciated 10 paise to close at 87.78 (provisional) against the U.S. dollar on Friday (October 24, 2025), supported by optimism around India-U.S. trade talks…
Benchmark indices Sensex and Nifty declined on Friday (October 24, 2025) amid profit-taking in FMCG and banking shares following a six-day rally and fresh foreign fund outflows. | Photo Credit: PTI Benchmark indices Sensex and Nifty declined on Friday (October 24, 2025) amid profit-taking in FMCG and banking shares following a six-day rally and fresh…
The open-ended scheme seeks to generate returns in line with domestic gold prices and offers a liquid alternative to physical gold. Choice Mutual Fund on Friday announced the launch of its gold ETF providing investors an affordable and secure avenue to gain exposure to the yellow metal. The new fund offer will remain open till…
