Central banks across the world returned to buy gold in August after keeping a low profile in July, the World Gold Council (WGC) said, quoting data from the International Monetary Fund (IMF) and respective banks. They added a net 15 tonnes to global gold reserves. The purchases were in line with their monthly buys between…
Care Edge Ratings has factored in the promoter’s extensive experience in the gold jewellery industry. Utssav CZ Gold Jewels, one of the leading manufacturers of 18, 20, and 22 carat gold jewellery, has received CARE BBB and CARE A3+ rating on its long and short term loans. The ratings reflect the company’s strong fundamentals and…
Image for representation only | Photo Credit: – Benchmark indices Sensex and Nifty ended higher for the second day in a row on Friday (October 3, 2025), propelled by buying in metal stocks and a rally in global markets. The 30-share BSE Sensex climbed 223.86 points, or 0.28%, to settle at 81,207.17. During the day,…
Image for representation | Photo Credit: Getty Images The rupee depreciated 7 paise to close at 88.78 (provisional) against the U.S. dollar on Friday (October 3, 2025), near its all-time low level, on dollar demand from importers and persistent foreign fund outflows. Forex traders said the USD/INR pair is hovering around its all-time low level,…
Reserve Bank Governor Sanjay Malhotra. | Photo Credit: RBI India’s macro-economic fundamentals have continued to remain very strong, and the country has become an anchor of stability in a volatile world, Reserve Bank Governor Sanjay Malhotra said on Friday (October 3, 2025). Speaking at Kautilya Economic Conclave 2025 here, the RBI Governor attributed the country’s…
Gold prices fell ₹643 to ₹1,16,945 per 10 grams in futures trade on Friday (October 3, 2025), retreating from record high as investors booked profits amid caution over the US government shutdown and Fed policy outlook. On the MCX, gold futures for December delivery declined ₹643 or 0.55% to ₹1,16,945 per 10 grams in a…
Gold prices fell ₹643 to ₹1,16,945 per 10 grams in futures trade on Friday, retreating from record high as investors booked profits amid caution over the US government shutdown and Fed policy outlook. On the MCX, gold futures for December delivery declined ₹643 or 0.55 per cent to ₹1,16,945 per 10 grams in a turnover…
Union Finance Minister Nirmala Sitharaman delivers inaugural address at the Kautilya Economic Conclave 2025, in New Delhi on October 3, 2025. Photo: X/@nsitharamanoffc Finance Minister Nirmala Sitharaman on Friday (October 3, 2025) said India’s capacity to absorb external shocks is strong at a time when the world economy is undergoing a structural transformation. She said…
At the interbank foreign exchange market, the rupee opened at 88.68, then lost ground and touched 88.76 against the U.S. dollar, registering a decline of 5 paise over its previous close. | Photo Credit: Reuters The rupee witnessed range-bound trading in morning deals on Friday (October 3, 2025) and depreciated 5 paise to 88.76 against…
Gold’s rally has been supported by central-bank buying and rising holdings in gold-backed exchange-traded funds, as the Fed resumed rate cuts. Gold gained — following a five-day rally that saw it reach new records — as the US government shut down and traders added to bets on Federal Reserve interest-rate cuts following weak private payrolls…
