Gold continues to glitter for 2nd day; hit fresh peak of ₹95,935/10 g
The Hindu
Gold prices hit new high on Multi Commodity Exchange (MCX), driven by firm demand, geopolitical tensions, and weakening dollar.
Gold prices continued their upward trend for the second straight session, touched a new all-time high of ₹95,935 per 10 grams , climbing ₹274 on Thursday (April 17, 2025), driven by firm spot demand.
On the the Multi Commodity Exchange of India Ltd., the precious metal contracts for June delivery hit the record high of ₹95,935 per 10 grams in the morning trade
Later, it pared the gains to trade ₹89 or 0.09% to ₹95,750 per 10 grams with an open interest of 22,403 lots.
On Wednesday (April 16), Gold had touched an all-time high of ₹94,781 per 10 grams in futures trade.
Analysts said persistent uncertainty surrounding the U.S. trade policy, waning demand for the dollar, and Treasury securities have reinforced gold's appeal as a preferred safe-haven asset.
On the global front, gold futures rose to hit a fresh peak of $3,371.89 per ounce in New York. Later, it pulled back from the record level to trade at $3,340.61 per ounce.
“Gold prices surged...as geopolitical stress between the U.S. and China intensified. U.S. President Donald Trump’s move to investigate new tariffs on critical Chinese imports has shaken market sentiment.
RBI plans ₹1 lakh crore OMO in December to boost liquidity amid upcoming tax payments, ensuring stability in the banking system.
IndiGo faces ongoing flight delays and cancellations due to technology issues, weather, and new crew rostering rules.
Stock markets experience volatility as investors await RBI's monetary policy amid foreign fund outflows and mixed global trends.
ED attaches assets worth ₹1,120 crore in Anil Ambani's Reliance Group case, totaling ₹10,000 crore amid money laundering probe.
Rupee rises 20 paise to 89.69 against the dollar as investors await RBI's monetary policy decision amidst market pressures.
Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. To date, banks have recovered just over ₹19,000 crore — roughly 33% of the total dues.
Commerce Minister Piyush Goyal urges Indian businesses to seize opportunities in Russia's market, addressing talent shortages and trade demands.
Premiumisation is driving the growth in beauty and personal care industry in India and this segment is growing faster than the products made for the masses, industry executives said at Cosmoprof India 2025, a beauty & personal care industry event currently underway in Mumbai.
Scaling Artificial Intelligence(AI) at the speed at which consultants project is not possible by the laws of physics and may not be environmentally sustainable, said Tanvir Khan, who is the Executive Vice President and Chief Operating Officer of NTT DATA North America, part of the Japanese technology services and data centre company NTT Data, in an interview with The Hindu.
The Rupee appreciated by 19 paise to close at 89.96 against the U.S. dollar amid weak dollar index support.
India aims to expand its tea exports to China, highlighting diverse varieties like Darjeeling and Masala at a recent buyer-seller meet.
Stock markets rebound after four days of decline as Sensex rises 158 points, driven by tech and IT shares.
India reduces Russian oil imports by 38% in October 2025, marking the sharpest decline in value and volume yet.