Gold & Silver
Trump’s 27% tariff on Indian gems and jewellery to disrupt Indian industry
Other items such as lab-grown diamonds and imitation jewellery will also see hikes, going up to 38%. | Photo Credit: FRANCIS MASCARENHAS US President Donald Trump‘s 27 per cent tariff on gems and jewellery industry will cause a disruption as US is one of the major exporting destinations for India, says experts. The US accounts…
Gold declines as Trump tariff shock sparks selloff from record
Despite the jolt caused by the levies, gold stands to benefit this year from an increasingly volatile trade, macroeconomic and geopolitical environment | Photo Credit: Chris Ratcliffe Gold moved further away from its latest record high, swept up in the pessimistic mood that hit global markets in the wake of US President Donald Trump’s more-aggressive-than-expected…
Gem and Jewellery industry faces job losses as US imposes retaliatory tariffs
The US reciprocal import duty is set to hit gem and jewellery exports which are already down 23 per cent this fiscal. The US is one of India’s largest jewellery export markets, accounting for almost 30 per cent of the share. Indian jewellery exports to the US are over $11 billion per year. Incidentally, India…
Trump tariffs fuel gold surge toward ₹1 lakh
Gold prices are heading to hit ₹1 lakh per 10 gram-mark given the growing concern on the US economy amid the ongoing trade tariff war. Gold prices have already moved up sharply by ₹11,983 per 10 grams or 7 per cent in last one month to ₹91,115 from ₹85,320 logged on March 2. Gold had…
Trump tariffs fuel gold surge toward ₹1 lakh
Gold prices are heading to hit ₹1 lakh per 10 gram-mark given the growing concern on the US economy amid the ongoing trade tariff war. Gold prices have already moved up sharply by ₹11,983 per 10 grams or 7 per cent in last one month to ₹91,115 from ₹85,320 logged on March 2. Gold had…
Sovereign Gold Bonds equivalent to 130 tonnes of gold outstanding; no indication of fresh tranche
Finance Ministry on Tuesday informed the Rajya Sabha that Sovereign Gold Bonds (SGBs) amounting to 130 tonnes of gold are to be redeemed from this fiscal. The Ministry simultaneously indicated that no more tranches of SGBs are to be expected henceforth. In a written response, the Minister of State for Finance, Pankaj Chaudhary, said 67…
Gold may top $3,300/ounce by year-end as it hits fresh high
Gold is seen topping $3,300-3,400 an ounce before the year-end with the precious metal soaring to new heights almost every day over the past couple of weeks. US-based investment bank Goldman Sachs even sees gold topping $4,500 in an “extreme tail scenario” over the next 12 months. Gold has jumped over 3 per cent in…
Gold hits record high as Trump’s trade threats fuel haven demand
Gold hit a record at the start of the new quarter as a major escalation in US President Donald Trump’s trade tariffs due this week heightened concerns about the global economy and fanned haven demand. Bullion neared $3,150 an ounce, on pace for a fourth day of gains. Traders are on edge as Trump plans…
Gold surges past $3,100 as US tariffs, uncertainty propel safe-haven flows
Gold prices on Monday soared above $3,100 per ounce for the first time as concerns around U.S. President Donald Trump‘s tariffs and the potential economic fallout, combined with geopolitical worries, drove a fresh wave of investments into the safe-haven asset. Spot gold prices hit a record high of $3,106.50 per ounce. Gold prices have hit…