Image used for representational purposes. File | Photo Credit: PTI Rupee recovered from its lowest level and gained 48 paise to trade at 91.57 against the U.S. dollar in early trade on Thursday (March 5, 2026), tracking positive momentum in domestic equity markets. However, higher crude oil prices, a strengthening American currency and intense selling…
Gold rose on Thursday as the widening West Asia conflict drove investors towards the safe-haven asset, while a softer dollar also lent support to bullion prices. Spot gold climbed 0.8 per cent to $5,177.26 per ounce by 0249 GMT. US gold futures for April delivery were up 1 per cent at $5,186.40. The US dollar…
Joy Alukkas, an Indian tycoon who built one of the world’s biggest family-owned jewelers, sees gold prices tracking higher over the coming years in response to a world hit by geopolitical and economic risks. The US attacks on Iran and surprise retaliatory drone strikes on Dubai that struck the city’s airport and landmark Burj Al…
Coal prices have increased by 18 per cent, aluminium rates by 6 per cent, and gold stands to gain significantly due to the hostilities in the Persian Gulf with the US, and Israel pitted against Iran. “Following US-Israeli strikes on Iran over the weekend of February 28-March 1, we think gold could reach a new…
India’s gem and jewellery exports to GCC (Gulf Cooperation Council) countries have grown significantly from $5.4 billion in 2021–22 to about $8.3 billion in 2024–25, reflecting the region’s increasing importance for Indian exporters. | Photo Credit: SAHIBA CHAWDHARY The ongoing war in West Asia and the disruptions on global shipments will have a major impact…
Benchmark stock indices Sensex and Nifty closed more than 1% lower on Wednesday (March 4, 2026), in tandem with a weak trend in Asian markets as the conflict in West Asia intensified, driving oil prices higher. Falling for the fourth straight session, the 30-share BSE Sensex tumbled 1,122.66 points or 1.40% to settle at 79,116.19….
Massive selling in domestic equity markets and withdrawal of foreign funds further dragged the Indian currency down. File | Photo Credit: PTI The rupee slumped 67 paise to close at an all-time low of 92.16 against U.S. dollar on Wednesday (March 4, 2026), weighed down by spiking crude oil prices in the wake of the…
Silver and gold prices rebounded in futures trade on Wednesday, tracking firm demand in the international markets as investors sought safe-haven assets amid escalating tensions in the west Asia after the US administration signalled that military operations against Iran could last for a month or longer. On the Multi Commodity Exchange (MCX), silver for May…
Mangalore Refinery and Petrochemicals declared force majeure on all gasoline export cargoes for March and April amid conflict between U.S. and Iran that has upended crude oil flows from the Gulf, traders said on Wednesday (March 4, 2026). The two traders, who deal with the company and said they received a notice from them, said…
At the interbank foreign exchange market, the rupee opened at 92.05, then fell to an early low of 92.18 against the American currency, registering a fall of 69 paise from its previous close. | Photo Credit: Reuters Rupee slumped 69 paise to an all-time low of 92.18 against the U.S. dollar in early trade on…
