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As of 6:50 a.m. today, gold prices stood at Rs 77,170 per 10 grams, according to the India Bullion Association. This represents a slight dip from the highs seen on Monday when prices had briefly climbed after falling from Rs 79,100 on Friday. The price of gold had reached its highest level for the month on December 11 before experiencing a drop of over Rs 1,000 on Monday. Compared to November's peak of Rs 78,060 on Nov. 23, the current price of gold reflects the ongoing volatility in the
As of 6:50 a.m. today, gold prices stood at Rs 77,170 per 10 grams, according to the India Bullion Association. This represents a slight dip from the highs seen on Monday when prices had briefly climbed after falling from Rs 79,100 on Friday. The price of gold had reached its highest level for the month on December 11 before experiencing a drop of over Rs 1,000 on Monday. Compared to November's peak of Rs 78,060 on Nov. 23, the current price of gold reflects the ongoing volatility in the
Bitcoin reached an all-time high of over $106,000, marking a significant milestone just 10 days after surpassing the $100,000 mark. The cryptocurrency’s surge is fueled by expectations that the Federal Reserve may cut interest rates during its upcoming policy meeting. Lower interest rates historically benefit Bitcoin, as they weaken the US dollar and increase the money supply, driving investor interest in digital assets.
Bitcoin has risen over 77% in the last year, and its rec
Bitcoin reached an all-time high of over $106,000, marking a significant milestone just 10 days after surpassing the $100,000 mark. The cryptocurrency’s surge is fueled by expectations that the Federal Reserve may cut interest rates during its upcoming policy meeting. Lower interest rates historically benefit Bitcoin, as they weaken the US dollar and increase the money supply, driving investor interest in digital assets.
Bitcoin has risen over 77% in the last year, and its rec
On Thursday, the Indian Rupee weakened to a record low of 84.88 against the US Dollar, following a series of declines this week. The rupee had opened flat at 84.85 for the second consecutive day, and this followed a similar trend on Wednesday when it closed at 84.84 after opening at 84.85. Earlier in the week, the rupee had weakened by 12 paise on Tuesday to close at 84.85, marking a new low. The domestic currency dipped to 84.73 on Monday, continuing its downward trajectory.
Expert
On Thursday, the Indian Rupee weakened to a record low of 84.88 against the US Dollar, following a series of declines this week. The rupee had opened flat at 84.85 for the second consecutive day, and this followed a similar trend on Wednesday when it closed at 84.84 after opening at 84.85. Earlier in the week, the rupee had weakened by 12 paise on Tuesday to close at 84.85, marking a new low. The domestic currency dipped to 84.73 on Monday, continuing its downward trajectory.
Expert
A panel of state ministers has recommended changes to the Goods and Services Tax (GST) structure, specifically targeting sin goods, including tobacco products, aerated beverages, and luxury cars. These goods are currently taxed at the highest 28% GST rate, along with an additional cess. The proposal, which is part of a rate rationalisation report, is set to be presented before the GST Council in its upcoming meeting later this month. The Group of Ministers (GoM), led by Bihar Deputy Chief Min
A panel of state ministers has recommended changes to the Goods and Services Tax (GST) structure, specifically targeting sin goods, including tobacco products, aerated beverages, and luxury cars. These goods are currently taxed at the highest 28% GST rate, along with an additional cess. The proposal, which is part of a rate rationalisation report, is set to be presented before the GST Council in its upcoming meeting later this month. The Group of Ministers (GoM), led by Bihar Deputy Chief Min
The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to maintain the status quo on the benchmark repo rate at 6.5% in its upcoming meeting from December 4 to 6. Despite India's GDP growth slowing to 5.4% in the July-September quarter, economists suggest that inflation concerns will likely take precedence, making a rate cut unlikely in December. Retail inflation rose to 6.2% in October, exceeding the RBI’s target range of 2-6%.
Though a repo rate cu
The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to maintain the status quo on the benchmark repo rate at 6.5% in its upcoming meeting from December 4 to 6. Despite India's GDP growth slowing to 5.4% in the July-September quarter, economists suggest that inflation concerns will likely take precedence, making a rate cut unlikely in December. Retail inflation rose to 6.2% in October, exceeding the RBI’s target range of 2-6%.
Though a repo rate cu
US President Joe Biden announced on Sunday that he had granted a pardon to his son, Hunter Biden, who was convicted of making false statements on a gun background check and illegally possessing a firearm. Hunter Biden had also pled guilty to federal tax charges, admitting to failing to pay $1.4 million in taxes. President Biden expressed that his decision to pardon his son came after years of what he described as unfair, politically motivated prosecution.
Biden stated that he had pr
US President Joe Biden announced on Sunday that he had granted a pardon to his son, Hunter Biden, who was convicted of making false statements on a gun background check and illegally possessing a firearm. Hunter Biden had also pled guilty to federal tax charges, admitting to failing to pay $1.4 million in taxes. President Biden expressed that his decision to pardon his son came after years of what he described as unfair, politically motivated prosecution.
Biden stated that he had pr
Benchmark equity indices experienced a decline, snapping a two-day winning streak as market participants adopted a cautious approach ahead of the highly anticipated interest rate cut from the US Federal Reserve. This would mark the first rate cut since 2020, following a series of eight consecutive meetings where rates remained unchanged. The India VIX, a measure of market volatility, increased by 6.2%, closing at 13.37.
Information technology stocks significantly impacted the indice
Benchmark equity indices experienced a decline, snapping a two-day winning streak as market participants adopted a cautious approach ahead of the highly anticipated interest rate cut from the US Federal Reserve. This would mark the first rate cut since 2020, following a series of eight consecutive meetings where rates remained unchanged. The India VIX, a measure of market volatility, increased by 6.2%, closing at 13.37.
Information technology stocks significantly impacted the indice
