The RBI has announced new rules to cap the open positions banks can hold in onshore currency market at $100 million, to arrest a sliding rupee amid Iran war.
Korean analysts say commodity market leadership may shift from gold to base metals like copper and aluminum if the Iran war ends, with Daishin Securities forecasting a rally through mid-2026.
Indian stock markets opened sharply lower on Monday, with the Sensex plunging over 1,000 points and the Nifty slipping below 22,550 in the pre-opening session. Weak global cues and investor caution triggered heavy selling.
Reverend Martin Amenaki, the Municipal Chief Executive for the Ketu North Municipal Assembly, and some officials of the Assembly, have visited the three potential sites for the proposed the 24-hour economy market project in the municipality.
The RBI has directed all banks to limit their net open position on the Indian currency to $100 million
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On the first business day of the week, the price of gold per tola surged by Rs3,900
Ghana’s recent economic gains, which reflects in improved growth and stability indicators, risk being undermined by widening inequality and persistent structural challenges, says, Ms Cindy Nortey, a Development Economist.
Sammy Gyamfi, CEO of the Ghana Gold Board, has announced a decisive policy shift to end the export of raw gold, marking what he describes as a turning point in Ghana’s mineral value chain.
Gold rate today came under the selling pressure as skyrocketing crude oil prices dents the US Fed rate cut optimism on renewed inflation fears
span style font size 14pt The fixed income investment conference wrapped up after convening asset managers and institutional investors examining bond market strategies span
Trading volumes are likely to be subdued, with domestic commodity markets set to remain shut on March 31 and April 3 due to Mahavir Jayanti and Good Friday. In the domestic market, gold futures ended last week slightly lower at Rs 1.44 lakh per 10 grams, while silver closed higher, gaining Rs 1,182, or 0.52 [...]