Richa Singh, Managing Director, India and Middle East, Natural Diamond Council and Amarendran Vummidi, Managing Partner, Vummidi Bangaru Jewellers, during an interaction with journalists in Chennai on Wednesday | Photo Credit: Bijoy Ghosh With gold prices soaring to record highs this year, Indian customers are shifting to diamonds. As a result, diamond sales will likely…
Image for representational purposes only. | Photo Credit: The Hindu Gold prices climbed ₹250 to scale yet another peak of ₹1,13,000 per 10 grams in the national capital on Wednesday (September 10, 2025), buoyed by robust buying by central banks globally, a weak dollar, and lingering geopolitical uncertainties. So far this year, the precious metal…
Photo: X/@urbancompany_UC The initial public offer of app-based beauty and home services platform Urban Company Ltd got fully subscribed hours after opening for bidding on Wednesday (September 10, 2025) and later ended the day with 3.13 times subscription. The IPO received bids for 33,37,87,825 shares against 10,67,73,244 shares on offer, translating into 3.13 times subscription,…
The 30-share BSE Sensex climbed 323.83 points or 0.40%, to settle at 81,425.15 and 50-share NSE Nifty rallied 104.50 points or 0.42%, to 24,973.10. File | Photo Credit: Reuters Benchmark Sensex rose by 323 points while Nifty closed higher for the sixth consecutive day on Wednesday (September 10, 2025) amid renewed optimism over a successful…
The rupee rose 5 paise to 88.10 against the U.S. dollar in early trade. File | Photo Credit: Reuters The rupee rose 5 paise to 88.10 against the U.S. dollar in early trade on Wednesday (September 10, 2025), aided by FII inflows and a weaker greenback against foreign currencies. However, a moderate rise in global…
The Bombay Stock Exchange (BSE) building, in Mumbai | Photo Credit: PTI Equity benchmark indices Sensex and Nifty jumped in early trade on Wednesday, after U.S. President Donald Trump said he feels “certain” that there will be “no difficulty” on a “successful conclusion” of trade talks with India. A rally in IT stocks also instilled…
The upward rally of oil futures is also being fuelled by members of the OPEC+ agreeing Sunday to increase oil production by a smaller than anticipated 137 thousand barrels per day from the present 1.65 mb/d. Representational file image. | Photo Credit: Reuters Oil prices rose approximately 2% after Israeli military carried out a “precise…
Valuation changes are a double-edged sword which can increase or decrease reserves sharply in a given period In recent years, sharp appreciation of the dollar and surge in gold prices have together helped deliver a substantial accretion to India’s forex reserves, adding billions without the central bank having to directly accumulate assets. In Q1 FY26,…
Industry experts suggest buyers may shift to lighter pieces, 18K jewellery, coins, or explore gold-saving schemes, while retailers may cut making charges or offer exchange programs to boost sales. | Photo Credit: G N RAO/The Hindu The record-setting rally in gold prices is poised to suppress demand during peak festival season, starting from Navratri, Dussehra,…
Gold prices on Tuesday surged ₹723 to touch an all-time high of ₹1,10,312 per 10 grams in the domestic futures market, tracking strong global cues amid growing expectations of a US Federal Reserve interest rate cut next week. Traders said weak US labour market data has strengthened the case for monetary policy easing, putting pressure…
