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Last Updated:May 16, 2026, 11:13 PM IST The Ministry of Finance has already doubled the effective import tax on gold and silver to 15 per cent By placing tight licensing restrictions on silver bars—which the government classifies as a non-essential luxury item—policymakers aim to reduce the systemic outflow of US dollars. Representational image The Indian…
Even though India has almost no active domestic gold production today, with the once-famous Kolar Gold Fields now largely a part of history, the country continues to rank as the world’s second-largest consumer of gold. To meet this massive demand, India imports nearly 700–800 tonnes of gold annually, placing a considerable burden on the national…
A closer look at whether the Prime Minister’s austerity call amid rising global tensions and an oil shock is a necessary economic safeguard or a sign of deeper vulnerabilities-raising the question of whether domestic discipline can effectively shield India’s economy from global turbulence. Source link [ad_3]
Last Updated:May 10, 2026, 10:53 PM IST Speaking at a public programme, PM Modi said patriotism was not limited to sacrifices by soldiers but also included responsible behaviour by citizens in everyday life Prime Minister Narendra Modi Prime Minister Narendra Modi on Sunday appealed to people to make small changes in their daily lives to…
As the hostilities in the Middle East stretched global supply chains and upended the oil market, Prime Minister Narendra Modi on Sunday urged citizens to help the nation conserve petrol, diesel and foreign exchange reserves by using public transport, avoiding unnecessary foreign travel and refraining from non-essential gold purchases. Source link [ad_3]
Gold’s sharp decline during the ongoing US-Iran conflict has caught markets off guard, challenging its long-held status as a go-to safe-haven asset in times of geopolitical stress. Prices have fallen nearly 13% since the outbreak of hostilities, even as global uncertainty has intensified. What makes the move more striking is that other risk assets have…
Nifty 50, Sensex Today, Stock Market Live Updates: The Nifty50 and Sensex opened sharply lower, tracking weakness in global markets as geopolitical tensions escalated following US President Donald Trump’s ultimatum to Iran. At 9:15 AM, the Sensex was down 1,481.95 points, or 2%, at 73,051.10, while the Nifty 50 fell 467.85 points, or 2.02%, to…
Gold prices in India, which are revised twice daily from Monday to Saturday, witnessed a slight uptick on Tuesday after falling for five days. In the Hyderabad bullion market, prices initially rose sharply in the morning but eased slightly by 5 PM. According to data from GoodReturns, as of 5 PM on March 17, gold…
Mumbai: Gold and silver extended their decline on Monday, as hike in margin requirements are set to take effect on Chicago Merchantile Exchange (CME) in the US. MCX gold February futures fell 1.77 per cent to Rs 1,45,132 per 10 grams on an intra-day basis. Meanwhile MCX silver March futures dipped 6.88 per cent to…
New Delhi: Gold and silver prices saw a meltdown this week, amid dollar strengthening and aggressive profit booking from investors after an unprecedented rally in metal. MCX gold February futures dipped 9 per cent while MCX silver March futures slid down 25 per cent on Friday. Currently gold futures stand at Rs 1,49,075, while silver…