At Chennai Airport, an Air India cabin crew member was arrested for helping a passenger smuggle 1.7 kg of gold. The incident occurred when the flight from Dubai landed on Sunday. Customs officials intercepted the passenger and the crew member after the passenger admitted to handing over the gold during the flight. Upon searching the crew member, officials found the gold concealed in the undergarments, l

As of 6:50 a.m. today, gold prices stood at Rs 77,170 per 10 grams, according to the India Bullion Association. This represents a slight dip from the highs seen on Monday when prices had briefly climbed after falling from Rs 79,100 on Friday. The price of gold had reached its highest level for the month on December 11 before experiencing a drop of over Rs 1,000 on Monday. Compared to November's peak of Rs 78,060 on Nov. 23, the current price of gold reflects the ongoing volatility in the

Bitcoin reached an all-time high of over $106,000, marking a significant milestone just 10 days after surpassing the $100,000 mark. The cryptocurrency’s surge is fueled by expectations that the Federal Reserve may cut interest rates during its upcoming policy meeting. Lower interest rates historically benefit Bitcoin, as they weaken the US dollar and increase the money supply, driving investor interest in digital assets. Bitcoin has risen over 77% in the last year, and its rec

Brazilian President Luiz Inácio Lula da Silva was discharged from a Sao Paulo hospital on Sunday after undergoing emergency surgery for an intracranial hemorrhage. The 79-year-old leader made a surprise appearance at a news conference where he assured reporters, "I am here in one piece... returning home calmly." He smiled and waved as he left Hospital Sirio-Libanes, where he received treatment. The surgery, which took place on Tuesday, was necessary after Lula fell

Gold has experienced a remarkable rise in 2024, reaching 40 new record highs year-to-date and appreciating by over 28%. According to the World Gold Council (WGC), this surge has made gold the best-performing asset class globally, surpassing US stocks, emerging market stocks, US bonds, and even US currency. In the third quarter of 2024, gold demand exceeded $100 billion for the first time, showcasing its robust market position. Looking ahead to 2025, the direction of the US Federal R

India's inflation rate, based on the Consumer Price Index (CPI), moderated to 5.48% in November, down from 6.21% in October, according to the Ministry of Statistics and Programme Implementation. This easing, however, is still above the Reserve Bank of India's (RBI) target of 4%, with food prices continuing to drive inflationary pressure. The food inflation rate surged by 9.04%, continuing its trend of high costs. Economists had forecast a median inflation estimate of 5.5% fo

Coffee prices have reached record highs, driven by a significant reduction in Brazil’s coffee crop. As the world’s largest coffee producer, Brazil's struggles with adverse weather conditions have created a global supply shortage, pushing Arabica coffee futures up by 73% over the past year and 31% in the last month. Additionally, Robusta prices have also surged due to similar global supply constraints, with prices for Q2 rising 82% year-on-year. This price surge is im

The Coin’s Significance and Auction Details: A remarkable piece of history, the Roman gold aureus bearing the image of Marcus Junius Brutus, one of the assassins of Julius Caesar, is set to be auctioned in Geneva on Monday. This rare coin is expected to fetch over a million Swiss francs, with the starting bid set at 750,000 francs (approximately $852,000). Considered a numismatic treasure, the coi

In October 2024, the Reserve Bank of India (RBI) made a significant move by adding 27 tonnes of gold to its reserves, bringing its total gold purchases for the year to 78 tonnes. This marks the highest level of purchases since 2009, when India acquired 200 tonnes from the International Monetary Fund (IMF). The RBI's total gold reserves now stand at 882 tonnes. In comparison, India had bought only 16 tonnes of gold in 2023. The RBI's gold purchase comes amid global economic i

The Finance Ministry is set to review the windfall tax on fuel exports, including petrol, diesel, and Aviation Turbine Fuel (ATF), following the stabilization of global crude oil prices. The tax, introduced in July 2022, was implemented to address the substantial profits earned by oil refiners exporting fuel, which had an impact on domestic supplies. The review will assess the tax’s effectiveness and the revenue it has generated, with the Ministry of Petroleum and Natural Gas already re

Gold prices stood at Rs 76,140 as of 7:00 a.m., according to the India Bullion Association, marking a slight recovery of Rs 720 from the previous day's decline. November has seen significant volatility in gold prices, with a sharp drop following the festive season, followed by a rebound driven by geopolitical conflicts. The price chart for gold has been fluctuating throughout November. Initially, demand during the festive season led to a rally, pushing prices to Rs 81,500. Howev

Gold prices have dropped to Rs 75,420 as of 7:00 a.m. today, according to the India Bullion Association. This marks a decline after gold reached a high of Rs 78,000 on November 23. The yellow metal has experienced significant price volatility, largely driven by global market factors such as the US election results and geopolitical conflicts, which have directly impacted gold rates worldwide. After a brief rally during the festive season, which saw gold prices climb to Rs 81,500 in N

Bitcoin recently saw its longest losing streak since the 2016 US election, as its attempt to break the $100,000 price barrier failed, cooling the initial speculative fervor sparked by Donald Trump’s embrace of cryptocurrencies. The digital asset dropped about 6% over three days, bringing its value to $94,000 by Tuesday morning in London. This was part of a broader cooling in the crypto market, which had surged by $1 trillion since Election Day, but struggled to maintain momentum.

Imane Khelif, the Algerian boxer who captured international attention with her Olympic gold at the Paris 2024 Games, is taking legal action against media outlets that published reports on her medical records. These reports, which leaked Khelif's alleged XY chromosomes, reignited a gender controversy that followed her victory over Italy’s Angela Carini in the opening round of the boxing tournament. Khelif’s quick and decisive victory in just 46 seconds, which left Carini injure

Gold prices have been on a downward trend since the US presidential election, with December future contracts opening lower on MCX. The price of gold fell by 0.37% to Rs 76,369 per 10 grams, while silver prices also dropped by 0.24% to Rs 90,601 per kg. In the last two days, gold prices have plummeted by Rs 2,100 per 10 grams and silver prices by Rs 4,050 per kg. According to the India Bullion and Jewellers Association Ltd (IBJA), the current prices for different carats of gold are a

The Reserve Bank of India (RBI) has reported an increase in its gold reserves, which now stand at 854.73 metric tonnes as of September 2024, up from 822.10 metric tonnes in March 2024. According to the half-yearly report on the management of foreign exchange reserves released on Tuesday, this increase indicates a strategic shift by the central bank amid rising geopolitical tensions, persistent inflation, and a stable interest rate environment. Out of the total gold reserves, 510.46

On Tuesday, gold prices saw a significant rise, increasing by ₹300 to reach ₹81,400 per 10 grams in the national capital. This surge is attributed to the heavy demand from jewellers and retailers ahead of Dhanteras, a festival known for its traditional gold purchases, as reported by the All India Sarafa Association. Silver also experienced a boost, climbing by ₹200 to ₹99,700 per kg, driven by rising demand from industrial units and coin makers. The previous day, silver was

With the festive season fast approaching, particularly the auspicious occasion of Dhanteras, gold and silver prices in India are showing notable fluctuations. As of Friday, gold is trading at ₹78,060 per 10 grams, according to the India Bullion and Jewellers Association Ltd (IBJA). This slight dip occurs as both metals hover near their all-time highs, spurred by traditional demand during this significant buying period. Dhanteras and its Significance: Dhanteras mar

India made history on Sunday as both its men's and women's chess teams secured their maiden gold medals at the 45th Chess Olympiad. In a stunning display of skill and strategy, the men's team triumphed over Slovenia, while the women's team dominated Azerbaijan, marking a monumental achievement in Indian chess. In the final round, the men's team showcased their prowess as D Gukesh, Arjun Erigaisi, and R Praggnanadhaa all claimed victories. Gukesh, facing Vladimir

In a remarkable medical achievement, doctors at the Government General Hospital in Kakinada, Andhra Pradesh, successfully performed an awake craniotomy on 55-year-old A. Ananthalakshmi, allowing her to watch scenes from her favorite film, Adhurs, starring Jr. NTR, during the procedure. Ananthalakshmi had been experiencing numbness in her limbs and persistent headaches, which led to the diagnosis of a 3.3 x 2.7 cm tumor on the left side of her brain. Choosing the government