Gold

Industrial credit depicts mild uptick; agri, services moderate

Gem and Jewellery Export Promotion Council says step will balance trade deficit with the US

The price of 22-carat gold declined Rs 10, with ten grams of the yellow metal selling at Rs 80,240

The Enforcement Directorate on Friday searched the Mohali premises of a man who is an alleged suspect in Canada's biggest-ever gold heist of more than USD 20 million, official sources said. The sources identified the man as Simran Preet Panesar, who is in his thirties. The man could not be contacted for his response on the allegations. The federal probe agency has recently filed a criminal case under the Prevention of Money Laundering Act (PMLA) to investigate the said loot from Canada's Pearson International Airport in April, 2023. The premises of Panesar in Punjab's Mohali is being searched and the ED investigators will question him, the sources said. The ED had booked a case suo moto, without a request from Canada, as the PMLA allows for such an investigation into in an instance of cross-border ramification where an Indian national is suspected to be involved. The agency wants to probe if the "proceeds of crime" of this alleged heist travelled to India and if there were any ..

Chinese stocks have been on a tear in recent days, driven by DeepSeek's AI breakthrough

The president's comments come amid speculation over an idea that the US Treasury could revalue its gold stockpiles

Gold's rally appears to be driven by President Trump's remarks on upcoming tariffs for autos and pharmaceuticals

Elon Musk questions whether $425 billion-worth gold reserves are safe in Fort Knox, challenging the strict security measures and lack of transparency

Disappointing data out of the US viz retail sales, nonfarm payroll (considering the downward revision done by BLS) and NAHB housing Index are positive for the yellow metal

The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 79,710

Donald Trump's tariff threats spark huge gold rush from London to New York as prices surge 11% in the US

Allocate 10-15% to gold, but don't expect last year's gains: Experts

Geopolitical tensions and fears of trade wars due to anticipated US tariff announcements are the key drivers of gold prices

The metal was trading at $2,906, down nearly 0.40 per cent on the day, whereas the MCX April gold contract was changing hands at Rs 85,540, down nearly 0.32 per cent on the day

The recent uptick in gold prices in 2025 has been led by tariff threats by US president Donald Trump, which in turn have seen investors move away from equities to safer havens.

Finance Minister Nirmala Sitharaman on Monday said action will be taken in case there are violations of well laid down processes for auctioning of gold by banks and NBFCs when a borrower fails to pay the gold loan. During Question Hour in Lok Sabha, she said Non Banking Financial Companies (NBFCs) and Scheduled Commercial Banks (SCBs) are guided by similar rules. There are very well laid down and tight processes in place for auctioning of gold by NBFCs and banks in case a borrower fails to pay the gold loan. These processes are followed by NBFCs and banks, she told Lok Sabha. There is a process for giving enough number of notices to bank account holders to say their servicing is not up to the mark. In the eventuality of a borrower not coming back to pay, the bank or NBFC will be forced to go for an auction, the minister said. Sitharaman stressed that even while going for an auction, there are very well laid out procedures and tight processes. "... if these processes are violated,

The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 79,310

The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 79,060

Spot gold prices rose by 27 per cent last year, the most since 2010, as investors chose the metal to hedge against global risks and as the US Federal Reserve slashed interest rates

Demand for gold could stand between 700 metric tonnes and 800 metric tonnes, compared to last year's 802.8 tonnes