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According to RBI data, forex reserves have increased cumulatively by $20.1 billion over the past three weeks and by about $6.6 billion in the latest reporting week In a significant development, India's foreign exchange reserves rose from $6.596 billion to $665.396 billion in the week that ended on March 28, extending gains for the fourth straight week, official data released by RBI showed.This significant jump is the highest in nearly five months, after witnessing a period of downturn.According to RBI data, forex reserves have increased cumulatively by $20.1 billion over...

Having touched a new record high in India on Tuesday, Gold price has entered a phase of upside consolidation early Wednesday. The traditional safe haven, the Gold price, benefited from tariff concerns ahead of US President Donald Trump's announcement on April 2.  As of writing, Gold price is ticking slightly higher to Indian Rupees (INR) 8,583.84 per gram after settling Tuesday at INR 8,572.42, according to data compiled by FXStreet. Meanwhile, Gold price advanced to INR 100,120.70 per tola from Tuesday's close of INR 99,986.97 per tola. Unit measure Gold Price in INR...

Gold prices fell in India on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 8,308.97 Indian Rupees (INR) per gram, down compared with the INR 8,321.84 it cost on Tuesday. The price for Gold decreased to INR 96,914.88 per tola from INR 97,064.31 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 8,308.97 10 Grams 83,090.28 Tola 96,914.88 Troy Ounce 258,438.20   Daily digest market movers: Gold price underpinned by high inflation expectations The US 10-year T-note yield is down three...

Gold prices fell in India on Friday, according to data compiled by FXStreet. The price for Gold stood at 8,409.45 Indian Rupees (INR) per gram, down compared with the INR 8,447.88 it cost on Thursday. The price for Gold decreased to INR 98,085.98 per tola from INR 98,534.41 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 8,409.45 10 Grams 84,093.86 Tola 98,085.98 Troy Ounce 261,563.30   Daily Digest Market Movers: Gold price is pressured by modest USD strength; downside potential seems limited The US Dollar...

The stock market is in a world of hurt, giving up all of its post-election gains due to worries about tariffs, trade wars, and the threat of recession. But gold continues to shine! The yellow metal is getting ever closer to $3,000 an ounce, opening up investment opportunities. Here are some to consider from top MoneyShow experts. Sean Brodrick | Weiss Ratings Daily There’s something very curious going on in gold — and it says something about where the yellow metal might be headed. An easy way to play the...

Gold prices remained broadly unchanged in India on Friday, according to data compiled by FXStreet. The price for Gold stood at 8,361.12 Indian Rupees (INR) per gram, broadly stable compared with the INR 8,358.71 it cost on Thursday. The price for Gold was broadly steady at INR 97,522.43 per tola from INR 97,496.98 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 8,361.12 10 Grams 83,613.91 Tola 97,522.43 Troy Ounce 260,053.80   Daily digest market movers: Gold price soars unfazed by a strong US Dollar The...

Gold prices rose in India on Tuesday, according to data compiled by FXStreet. The price for Gold stood at 8,136.41 Indian Rupees (INR) per gram, up compared with the INR -0.03 it cost on Monday. The price for Gold increased to INR 94,901.45 per tola from INR 94,612.61 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 8,136.41 10 Grams 81,347.34 Tola 94,901.45 Troy Ounce 253,060.20   Daily digest market movers: Gold price retreats amid falling US yields The US 10-year Treasury bond yield dropped nearly...

SYMBOL - 23 April 2024, Baden-Württemberg, Rottweil: The logos of the cryptocurrencies Bitcoin ... (BTC), Ethereum (ETH), the stablecoin Tether (USDT) and Binance Coin (BNB) can be seen on the trading platform CoinMarcetCap. (Image with longer exposure time). Photo: Silas Stein/dpa (Photo by Silas Stein/picture alliance via Getty Images)dpa/picture alliance via Getty Images Private, or “crypto” money will eventually replace government money. Bank on it. As written in The Money Confusion, profits from the trading of fiat currency chaos ($7 trillion per day worth of currency trading) ensure the eventual...

Gold prices fell in India on Friday, according to data compiled by FXStreet. The price for Gold stood at 8,145.09 Indian Rupees (INR) per gram, down compared with the INR 8,153.50 it cost on Thursday. The price for Gold decreased to INR 95,002.70 per tola from INR 95,100.79 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 8,145.09 10 Grams 81,450.88 Tola 95,002.70 Troy Ounce 253,339.80   Daily Digest Market Movers: Gold price traders keenly await the US NFP report before placing fresh directional bets Mounting...

The issue of gold smuggling has once again come to the forefront with the recent arrest of Kannada actress and daughter of a Karnataka IPS officer, Ranya Rao. Rao was apprehended by the Directorate of Revenue Intelligence (DRI) with 14.8 kg of gold hidden in her body, sparking renewed attention on the ongoing problem of illegal gold smuggling into India. As reports of gold smuggling incidents flood the news, even ordinary international travellers have begun expressing concerns over the legal limits of gold and cash they can carry while travelling...