Gold futures on the Multi Commodity Exchange (MCX) have surged to an all-time high, climbing 0.43% from Thursday's rates, reaching Rs 79,970 for contracts expiring on February 5, 2025. The precious metal has seen an upward trajectory this week, following a climb in spot prices which also touched record highs. As of 6:50 a.m. on Friday, gold's spot price in India stood at Rs 79,980 per 10 grams, according to the India Bullion Association. Despite the earlier rise, prices cooled o

Gold prices saw an increase of Rs 250, reaching Rs 80,550 per 10 grams in the national capital on Friday. This rise in prices was driven by continuous demand from retailers and stockists, as well as the weakening of the Indian rupee, which hit a record low. The previous day, gold had been priced at Rs 80,300 per 10 grams, according to the All-India Sarafa Association. Silver prices, however, remained unchanged at Rs 93,000 per kg. Gold of 99.5% purity continued its upward trajectory

On December 30, the cryptocurrency market saw a decline in most assets, including Bitcoin, which experienced a minor dip of under one percent. According to CoinMarketCap, Bitcoin was trading at $93,197 (approximately Rs. 79.6 lakh) on international exchanges, while Indian exchanges such as Giottus and CoinDCX showed the price at around $101,719 (approximately Rs. 86.9 lakh). Despite the pullback, Bitcoin remained above its 200-day moving average, signaling strong buying interest. The next res

In 2024, the wedding industry in India has seen a resurgence in spending after the lull caused by the pandemic, with metropolitan cities driving a significant increase in demand for wedding services. Wedding budgets have grown by 6.7%, with the average expenditure reaching Rs 35.6 lakh. As wedding costs rise, so has the demand for gold and jewelry, especially due to the soaring prices of gold, which have increased from Rs 63,500 to Rs 80,000 per 10 grams. Destination weddings, which

Snack prices are feeling the impact of rising palm oil and potato costs, pushing many packaged food products to become more expensive. While domestic supply issues have caused potato prices to spike, global disruptions and increased import duties have made palm oil—a key ingredient in many snacks—costlier. As of recent reports, palm oil prices have hit their highest in over two years, with an all-India average price of Rs 130.5 per kg. Snack manufacturers, including Bika

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

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

As of 7:10 a.m. today, gold is priced at Rs 76,520 per 10 grams, according to the India Bullion Association. The commodity's price recently crossed the Rs 77,000 mark but has since fluctuated. On December 2, it had dipped to Rs 76,680, reflecting the volatility in gold prices over the past month. This decline follows a period of lower demand post-festivities, with prices peaking at Rs 81,500 in October due to festive demand, before slipping below Rs 74,390 in November. Global fa

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

Oil prices have shown remarkable stability, remaining in a narrow range since mid-October, with West Texas Intermediate (WTI) crude fluctuating around $70 per barrel. This rangebound trend has been characterized by a significant drop in volatility, with recent levels at their lowest since August. Despite ongoing geopolitical risks, such as the tensions between Iran and Israel and the potential impacts of a second Donald Trump presidency, traders have remained cautious. The market's curren

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