Factors like de-dollarisation and geopolitical conflicts, including the ongoing Russia-Ukraine war and escalating Middle Eastern tensions, continue to drive demand for gold as a stabilising asset, said Sachin Jain, Regional CEO India of the World Gold Council on Wednesday.
India's growth outlook is supported by robust domestic engines, in spite of geopolitical tensions, asserted the RBI's monthly bulletin published on Monday.
The BSE Sensex fell by 494.75 points, or 0.61 per cent, to close at 81,006.61, while the NSE Nifty declined by 221.45 points, or 0.89 per cent, to settle at 24,749.85.
Experts say the surge in gold prices came amid a confluence of factors, including major central banks' dovish outlooks, slightly lower bond yields, and heightened geopolitical tensions.
This has been driven by factors like geopolitical tensions, fluctuating crude oil prices, and adjustments by Foreign Institutional Investors (FIIs) due to China's recent economic stimulus.
The World Trade Organisation (WTO) has expected world merchandise trade volume to grow 2.6 per cent in 2024 and 3.3 per cent in 2025, following a larger-than-expected decline of -1.2 per cent in 2023.
The Indian equity markets are facing a short-term pressure because of the moderating corporate earnings and the rising geopolitical tensions, highlighted a report by Motilal Oswal.
After starting the current month on a tragic note, investors in the stock market will be closely monitoring the global geopolitical situations, outcomes of RBI's Monetary Policy Committee (MPC), and second quarter results of the companies, as per the market experts.
Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, emphasized the urgent need for sustainable and resilient infrastructure, especially in light of the global challenges posed by climate change and geopolitical tensions.
Mukesh Agnihotri on Thursday reiterated the demand for the formation of a Himalayan Regiment in the Army. While speaking at a ceremony here to celebrate the 78th Independence Day, he said that the central government should reconsider its stance on regional regiments in light of current geopo
The price of gold, which opened in the low USD 2,300s in early July, quickly surpassed the USD 2,400 mark and achieved a high of USD 2,483 this Wednesday, according to Metals Focus report.