The Indian government has permitted 15 top banks, including the State Bank of India, HDFC Bank, Bank of India and others to import gold and silver from April 1, 2026 to March 31, 2029, a government notification said on Friday. This is a developing story. Published on April 17, 2026
Global investment firm Jefferies in its latest report said that gold has entered a consolidation phase following a strong retail-driven buying surge seen late last year and early this year across key markets including India, China and the United States. The report noted that the earlier rally in gold demand, particularly from retail investors, has…
Gold demand in India was modest this week, as high domestic prices weighed on retail purchases ahead of the key Akshaya Tritiya festival weekend, while premiums in China held steady. Dealers quoted discounts of up to $4 an ounce and though some quoted premiums of $14 an ounce over official domestic prices this week helped…
From the 30-Sensex firms, ITC, Adani Ports, Maruti, Trent, Power Grid and Hindustan Unilever were among the major winners. File photo for representational purposes only. | Photo Credit: Reuters Benchmark indices Sensex and Nifty were trading in positive territory in early trade on Friday (April 17, 2026), supported by optimism around easing geopolitical tensions and…
Indian banks have halted gold and silver import orders from overseas suppliers, with tonne of the metals stuck at customs as a formal government order has not been issued authorising bullion imports, trade sources said. Without fresh imports, India could face supply shortages, as the world’s second-largest gold consumer and biggest silver buyer relies on…
At the interbank foreign exchange market, the rupee opened at 92.93 and gained further to trade at 92.86 against the greenback in early deals. File | Photo Credit: Reuters The rupee jumped 28 paise to 92.86 against the U.S. dollar in early trade on Friday (April 17, 2026) amid hopes of easing geopolitical tensions and…
While gold is considered an inflation hedge, higher interest rates crimp demand for the non-yielding asset. Gold held largely steady on Friday and was on track for a fourth straight weekly gain, as hopes for a US-Iran peace deal eased fears of higher inflation and elevated interest rates. Spot gold rose 0.2 per cent to…
This image is used for representational purposes only. | Photo Credit: Reuters The rupee strengthened by 10 paise to settle at 93.23 (provisional) against the U.S. dollar on Thursday (April 16, 2026), following a decline in global crude oil prices amid hopes of a truce in West Asia. However, sustained outflow of foreign capital amid…
The two key indices had surged by more than 1% on April 15, following easing geopolitical tensions. Representational file image. | Photo Credit: Reuters Stock markets closed lower in a volatile session on Thursday (April 16, 2026), with the benchmark Sensex declining by 122 points and Nifty closing below 24,200, dragged by profit-taking in banking…
Gold and silver prices moved higher in Thursday’s trade, ahead of Akshaya Tritiya, supported by a weaker US dollar, geopolitical uncertainty and shifting expectations around global interest rates. The uptick comes even as global equity markets remained firm, reflecting a mix of risk-on sentiment and safe-haven demand. Gold gained as the dollar softened and crude…
