Gold price prediction (AI image) Gold price prediction today: Gold prices may face resistance at Rs 1,63,275, says Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock Brokers.Gold opened up at the start of the week, a widely expected move, as investors sought safe haven, following the continued US and Israel attacks…
Middle East tensions have entered their fifth day and the UAE is slowly moving back towards normalcy. After a two-day pause, stock markets are set to reopen, and offices in Dubai and Abu Dhabi are preparing for staff to return in person. The UAE Capital Market Authority earlier confirmed that trading and settlement on the…
Rupee tumbled 66 paise on Wednesday, sliding to a record low of 92.15 against the US dollar amid surging oil prices and a pullback from riskier assets. Analysts caution that the currency could remain under strain until tensions in the Middle East subside.The ongoing war in the Middle East has sent shockwaves through global markets,…
Nomura has a buy rating on Bharti Airtel with the target price at Rs 2,300. Analysts attended Bharti Airtel’s investor call. Among the key takeaways were the company’s commitment of Rs 20,000 crore into Airtel Money that will be done gradually over the years with 10-15% to be invested in the first year. The company…
By Shiva RajoraNEW DELHI: Amid weak market conditions and falling interest rates, Employees Provident Fund Organisation (EPFO) on Monday recommended retaining the interest rate on retirement savings accumulated by nearly 31 crore unchanged at 8.25% during the current financial year. This is the third consecutive year that the social security organisation has kept the rate…
Gold slumped more than 5%, ending a four-day rally on Tuesday. The metal was weighed down by a stronger dollar and fading prospects of an interest rate cut as inflation concerns intensified against the backdrop of a potentially prolonged conflict in West Asia. Spot gold was down 5.6% at $5,029.59 an ounce whereas prices had…
MUMABI: Investors on Dalal Street are expecting another session of strong selling on Wednesday when markets resume after a day’s trading break for Holi. Escalating war in West Asia pulled most global stocks deep into the red on Tuesday. In late trades on Tuesday in GIFT City, Nifty futures were down 3.3% or about 825…
A fresh wave of global risk aversion battered Wall Street on Tuesday, with US equities sliding sharply as oil prices spiked again amid fears that the widening war with Iran could inflict deeper and more prolonged damage on the global economy, the Associated Press reported.The S&P 500 fell 2.4 per cent in morning trade and…
MUMBAI: India’s trade and energy supplies face fresh risks after reinsurers and Protection & Indemnity (P&I) clubs announced cancellation of war risk insurance for vessels transiting the Strait of Hormuz and Iranian waters, following an escalation in the Iran conflict. The cancellations, effective from this week, have left over 150 vessels stranded and disrupted a…
NEW DELHI: The railways is looking at bearing the nearly Rs 90,000 crore additional (83% escalation) cost for the Ahmedabad-Mumbai Bullet train project and won’t seek further loan from Japan International Cooperation Agency (JICA). The project cost has increased from Rs 1.1 lakh crore to Rs 1.98 lakh crore because of delays and other reasons.The…
