Market Pressure Mounts Spot gold prices declined 0.6% to $4,592.99 per ounce during Friday morning trading in global markets, marking a significant downward trend for the precious metal. The commodity is currently on track for a weekly loss of approximately 2.4%, having touched a one-month low earlier this Wednesday. This sell-off occurs as investors grapple…
Foreign investors pulled u20b91.9 lakh crore from Indian equities amid global uncertainty and rising yields, signaling a major market shift.
The Sudden Halt in Precious Metal Shipments India, the world’s second-largest consumer of gold, saw its imports drop to a near 30-year low in April as a sudden regulatory dispute regarding the Integrated Goods and Services Tax (IGST) brought bank shipments to a complete standstill. The standoff, which centers on tax liability documentation, has effectively…
