Gold traded near Friday’s record high, bolstered by an unexpectedly weak US employment report that saw wagers increase on the Federal Reserve cutting interest rates. Bullion was less than $10 short of its latest peak near $3,600 an ounce in early Asian trading, after rallying as much as 1.5 per cent late Friday. A pivotal…
After a few months of lull, precious metals regained sheen last month. Both gold and silver recorded impressive gains, especially in the latter half of August. The weakening of the U.S. dollar along with expectations of a further interest rate cut by the U.S. Federal Reserve played a key role in bolstering sentiment towards precious…
What if I told you that you could make money through hobbies? Interesting right? Yes, it’s possible to grow money, if hobbies also become investments. If you are an avid numismatist who collects rare coins, a bibliophile who collects books or comics, a philatelist collecting stamps, a connoisseur of art, or a music buff, you…
Union Finance Minister Nirmala Sitharaman during an interview with PTI, in New Delhi, on September 7, 2025. | Photo Credit: PTI Finance Minister Nirmala Sitharaman has expressed confidence that revenue buoyancy driven by spurt in consumption will take care of the estimated GST shortfall of ₹48,000 crore following reduction in tax rates on a host…
Israeli Finance Minister Bezalel Smotrich will be on a three-day visit to India next week between September 8 and 10. File. | Photo Credit: Reuters India and Israel are likely to sign a bilateral investment treaty during the upcoming visit of Israeli Finance Minister Bezalel Smotrich this week, while laying the groundwork for a free…
On the Multi Commodity Exchange (MCX), the October contract of gold surged ₹1,131 or 1.06% to touch a lifetime high of ₹1,07,807 per 10 grams before ending marginally lower at ₹1,07,740 per 10 grams. After scaling record highs last week, gold prices may face some short-term profit booking, with the precious metal’s future direction dependent…
Representative image | Photo Credit: Getty Images/iStockphoto Foreign investors pulled out ₹12,257 crore ($1.4 billion) from Indian equities in the first week of September, weighed down by a stronger dollar, U.S. tariff concerns, and persistent geopolitical tensions. This came following a net outflow of ₹34,990 crore in August and ₹17,700 crore in July. With this,…
The story so far: On September 3, the GST Council authorised a new paradigm in the indirect tax regime. There will be fewer rates, and the Goods and Services Tax (GST) on most items have been reduced. While this has been welcomed by most sectors, there are some which are somewhat disgruntled. There are also…
Global gold ETFs attracted $5.5 billion in August, extending their inflow streak to three months. | Photo Credit: istock.com Investments in physically-backed gold exchange-traded funds (ETFs) were up for the fourth consecutive month in India, while they increased for the third month in a row globally in August, led by Western funds, the World Gold…
In a gesture underscoring the spirit of cooperative federalism, Union Finance Minister Nirmala Sitharaman has written to Finance Ministers of all States, expressing gratitude for their support and active role in helping implement the landmark overhaul of the goods and services tax (GST) regime. In an interview with PTI, Ms. Sitharaman said States made their…
