According to WGC’s 2025 Central Bank Gold Reserves Survey, gold sentiment within the central banking community remains positive. Central banks across the world are upbeat about gold prospects for the next 12 months. A survey conducted by the World Gold Council (WGC) showed that most of the banks expect gold reserves to increase over the…
A man walks past the Bombay Stock Exchange (BSE) building, in Mumbai. File | Photo Credit: PTI Benchmark indices Sensex and Nifty rallied in early trade on Wednesday tracking a positive trend in Asian markets. Japan securing a trade deal with the U.S. propelled a rally in Asian markets, which in turn added to optimistic…
This image is used for representational purpose only. | Photo Credit: Getty Images/iStockphoto The Central Government’s net direct tax collections up to July 10, 2025, have come in lower than in the same period of the previous financial year, according to official data released on Friday (July 11, 2025). This contraction has been led by…
Gold prices flat across India | Photo Credit: NAGARA GOPAL Gold prices in India were flat across all cities, except Mumbai. The price for 8 grams of 24-carat gold were also flat in all cities compared to yesterday. Below is a detailed breakdown of gold prices in key cities. Gold rates in India: The gold…
Image for representation only | Photo Credit: Reuters The rupee depreciated 2 paise to 86.40 against the U.S. dollar in early trade on Wednesday (July 23, 2025), amid outflow of foreign funds and higher crude oil prices. According to forex traders, positive sentiment in domestic equity markets capped a sharp fall in the rupee even…
File picture used for representation only. | Photo Credit: The Hindu While the financial inclusion programme of the Union government has meant that around 96% of the population has access to a bank account, the latest data and analysis on the sector show that a vast part of India’s poor and low-income households are increasingly…
Suvankar Sen MD & CEO Senco Gold | Photo Credit: DEBASISH BHADURI Jewellery retailer Senco Gold expects to garner around 40 per cent of its revenue from outside eastern India by the financial year 2029-30 from the current 25 per cent. The largest jewellery retail player in Eastern India plans to increase its business from…
Rising for the second day in a row, the 30-share BSE Sensex edged up 63.57 points or 0.08%, to settle at 82,634.48 and the 50-share NSE Nifty ended 16.25 points or 0.06%, higher at 25,212.05. File | Photo Credit: Reuters Benchmark stock indices Sensex and Nifty closed marginally higher on Wednesday (July 15, 2025) as…
The story so far: A recent report by the World Bank has generated significant debate with regard to the true picture of inequality in the Indian economy. The report outlined a number of salutary outcomes; not only had extreme poverty reduced drastically, inequality had reduced too. The Gini coefficient — a measure of inequality that…
Consumers are exchanging their old jewellery for new ones or using it as collateral, says WGC India research head | Photo Credit: SIDDHANT THAKUR Jewellery demand in India has remained slack after the April-May wedding season got over, and, as a result, the discount on domestic gold to global benchmark prices has widened in June…
