February 9, 2025 9:43 PM

Gold Prices Surge for Sixth Straight Week Amid US-China Trade Tensions

Rising for the sixth straight week, global gold prices jumped over 2 percent last week as escalating trade tensions between the US and China prompted investors to seek refuge in the safe-haven asset. Spot gold in international markets gained 2 percent to end the week at 2,873.63 dollars per ounce. ...

February 9, 2025 7:07 PM

Indian Markets to Track Earnings, Inflation Data & Global Cues Next Week

After two weeks of continuous gains, Indian stock markets will monitor corporate earnings, retail inflation data, and global markets for cues next week. Market attention is expected to turn towards macroeconomic indicators scheduled during the week, such as the index of industrial production, or IIP...

February 9, 2025 6:38 AM

Union Minister Piyush Goyal Urges Pharma Industry to Prioritise Quality & Innovation

Union Minister of Commerce and Industry Piyush Goyal has urged the pharmaceutical industry to prioritise quality and innovation, positioning itself as the driving force behind India’s medical advancements. Addressing the 63rd Annual Day programme of the Indian Drug Manufacturers' Association (IDMA...

February 8, 2025 5:55 PM

Oil Prices Rise on Iran Sanctions

Oil prices finished with gains on Friday after new sanctions were imposed on Iran’s crude exports. But prices were down for the week as investors worried about US President Donald Trump’s renewed trade war with China and threats of tariffs on other countries. To increase pressure on Tehran, the ...

February 8, 2025 5:51 PM

U.S. Stocks End Sharply Lower; Dow Drops 444 Points

All three major U.S. stock indexes finished steeply lower in a broad selloff that accelerated after a report that U.S. President Donald Trump will shortly announce new tariffs. The indexes all notched losses on the week.   The much-anticipated employment report showed the U.S. added 143,000 jobs ...

February 7, 2025 7:40 PM

Gold, Silver Prices Rise in Indian Bullion Market

In the Indian Bullion Market, 24 Karat Gold was trading 0.24 percent up at 84,740 rupees per 10 grams, and Silver 999 Fine was also trading 0.21 percent up at 96,040 rupees per kilogram, a short while ago. At the Multi Commodity Exchange, gold was trading with gains today. The precious metal, for th...

February 7, 2025 7:29 PM

Oil Prices Rise on Iran Sanctions

Oil prices advanced today following the imposition of new sanctions on Iran's crude exports. However, they were on track for a third straight week of decline, impacted by US President Donald Trump's renewed trade conflict with China and potential tariffs on other nations. Brent Crude was trading 0.6...

February 7, 2025 6:40 PM

Asian & European Markets Trade Mixed

Major Asian indices displayed a mixed trend today. Hong Kong's Hang Seng surged over 1.1 percent, China's Shanghai Composite index rose one percent, and Singapore's Straits Times index gained 0.8 percent. Meanwhile, Japan's Nikkei fell over 0.7 percent, and South Korea's Kospi lost almost 0.6 percen...

February 7, 2025 7:50 PM

Sensex-Nifty Extend Losing Streak for 3rd Session

Benchmark domestic equity indices today ended with modest losses, extending their losing streak to the third consecutive session. The broader market indices at BSE displayed mixed trends.   The 30-share index at the Bombay Stock Exchange, Sensex, dipped 198 points, or 0.25 percent, to close at 77...

February 7, 2025 2:09 PM

RBI reduces interest rates for first time in nearly 5 years

Almost after 5 years, the Reserve Bank of India (RBI) has reduced the policy repo rate by 25 basis points, from 6.50 per cent to 6.25 per cent. Governor Sanjay Malhotra made the announcement today in Mumbai, following a three-day meeting of the MPC. As a result, the standing deposit facility (SDF) r...