Brutal selloff! Gold, silver prices crash in exceptionally volatile session - what’s causing the sudden dip?

Why has gold and solver prices fallen? Brutal selloff! Gold, silver prices crash in exceptionally volatile session – what’s causing the sudden dip? | India Business News

Gold and silver futures saw a sharp decline on Friday as traders locked in profits following Thursday’s record-breaking rally. On the MCX, silver futures fell by 3.04% while gold dropped 1.28%, influenced by bearish global markets and a stronger US dollar.The dramatic shift came after both metals had achieved historic highs the previous day. Silver…

Read More
Rupee watch: Currency slips to 89.94 against dollar; crude rise, FII outflows and tariff worries weigh

Rupee watch: Currency slips to 89.94 against dollar; crude rise, FII outflows and tariff worries weigh

The rupee weakened by 7 paise to close at 89.94 (provisional) against the US dollar on Thursday, pressured by higher crude oil prices, sustained foreign fund outflows and a firmer greenback, PTI reported.Forex traders said the local unit also faced headwinds from renewed concerns over potential US tariff action and weak sentiment in domestic equities….

Read More
Sensex retreats, rupee slides on fresh tariff threat

Sensex retreats, rupee slides on fresh tariff threat

NEW DELHI/ MUMBAI: Indian stock market indices were in the red on Monday, while the rupee extended its weakness against the US dollar, amid concerns over American President Donald Trump’s fresh comments over tariffs.The bellwether BSE sensex closed 0.4% or 332 points lower at 85,440 points, while NSE closed 0.3% lower at 26,250. The sensex…

Read More
Rupee continues healing: Currency rises 22 paise in early trade; reaches Rs 89.45 against US dollar

Rupee continues healing: Currency rises 22 paise in early trade; reaches Rs 89.45 against US dollar

Rupee strengthened in early trade on Monday, rising 22 paise to 89.45 against the US dollar, extending its recovery after hitting record lows in recent weeks.Earlier this month, rupee slid to a series of lifetime lows, even weakening beyond the 91-per-US-dollar mark. The currency, however, later healed in recovery attributed to likely intervention by the…

Read More