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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...

Amid threats from US President Donald Trump, External Affairs Minister S Jaishankar has refused any plan of de-dollarisationread moreAmid threats from US President Donald Trump, External Affairs Minister S Jaishankar has downplayed talks around dedollarisation and has instead backed the internationalisation of the Indian rupee.At a discussion hosted by the think tank Chatham House during his visit to the United Kingdom, Jaishankar said that India does not have any commitment to dedollarisation and there is no unanimous position on the same in Brics.“I don’t think there’s any policy on our...

For President Donald Trump, the Taiwan Semiconductor Manufacturing Co.’s $100 billion investment in U.S. chip manufacturing represented “a tremendous leap—like, a leap that nobody would have really said was possible.” But TSMC’s $100 billion is just a small part of the at least $3 trillion in investments and trade commitments the Trump administration has racked up in just six weeks since Inauguration Day. The $3 trillion of investment and trade commitments with the United States involve key allies, such as India and Japan, and major players in the private sector—Apple...

The Indian Rupee trades flat in Wednesday’s early Asian session.  Renewed USD demand and persistent outflows by foreign institutional investors could undermine the INR.  India’s HSBC PMI and US ISM Services PMI will be the highlights later on Wednesday.  The Indian Rupee (INR) flat lines on Wednesday. The rising US Dollar (USD) buying by foreign banks and Indian importers, especially local oil companies, might exert some selling pressure on the local currency. Furthermore, the ongoing foreign outflows amid increasing global trade tensions could drag the INR lower. Foreign investors have...

A quiet yet transformative shift is underway in India’s financial ecosystem. The International Financial Services Centre (IFSC), once a niche jurisdiction catering exclusively to cross-border financial services, is now at the heart of policy reforms designed to attract global investors. The latest development comes with the Finance Bill 2025, which introduces key tax exemptions poised to reshape investment dynamics within the IFSC framework. The IFSC, defined under Section 2(q) of the Special Economic Zone Act, 2005, is a jurisdiction that facilitates financial services to both non-residents and residents, provided the...