Business

HSBC on Friday projected that gold prices could surge to $5,000 an ounce in the first half of 2026, driven by geopolitical risks, economic uncertainty, and a wave of new market participants. As per news agency Reuters, the bank also raised its average gold price forecast for 2025 to $3,455 per ounce from $3,355, while…

Post the Goods and Services Tax (GST) rate cuts effective September 22, prices of 30 out of 54 daily-use items monitored by the government have seen more-than-expected reductions, while others are yet to fully reflect the intended benefits. The government is working with industry players to ensure further retail price drops where needed.As per news…

Gold prices retreated from record highs on Saturday, dropping Rs 2,400 to Rs 1,32,400 per 10 grams in the national capital, even as consumers thronged jewellery stores across India to mark Dhanteras. On Friday, 24-carat gold of 99.9 per cent purity had surged by Rs 3,200 to an all-time high of Rs 1,34,800 per 10…

Dhanteras 2025 is turning into a record-breaking festival for Indian retailers, with strong demand across automobiles, electronics, and jewellery.Maruti Suzuki India expects to cross the 50,000-unit mark over the two-day festival, marking its highest-ever Dhanteras sales, said senior executive officer, marketing & sales, Partho Banerjee. “We are expecting around 41,000 deliveries today, with another 10,000…

Jewellery shopping in India is increasingly moving online, with consumers embracing digital platforms for gold, diamond, and lab-grown diamond purchases. Once dominated by neighbourhood jewellers and in-person sales, the market is seeing growing trust in hallmark certifications, brand assurances, and seamless services, making online purchases more acceptable.According to a FICCI-Deloitte report, 73 per cent of…

Gold’s rally this year has reignited investor interest ahead of Diwali, with the yellow metal emerging as one of 2025’s strongest-performing assets. Global uncertainties, dovish central banks, and safe-haven demand have kept prices elevated.“Gold has witnessed a parabolic rally since August 2025, soaring from Rs 98,500 per 10 grams to a fresh all-time high of…

File photo: Union minister Piyush Goyal (Picture credit: PTI) Union commerce and industry minister Piyush Goyal on Saturday expressed confidence that India’s exports will maintain a positive growth trajectory in 2025-26 despite global uncertainties, including US-imposed tariffs.Addressing reporters, Goyal said that during the first six months of the current fiscal (April–September 2025-26), India’s goods and…

On the auspicious occasion of Dhanteras today, many Indians will turn to buying gold and silver, following a tradition deeply tied to prosperity. But this year, financial planners suggest using the festive spirit to explore smarter investment avenues that can grow your wealth and save taxes — beyond just ornaments and coins. 1. Think modern,…

Investors who bet on gold and silver last Dhanteras and Diwali have seen bonanza returns. (AI image) Dhanteras 2025: Buying gold and silver is traditionally considered auspicious on Dhanteras. The precious metals have been hitting new record highs – with gold rally backed by global uncertainty and diversification away from dollar and the silver bull…

MUMBAI: Federal Bank reported a record rise in operational income for the quarter ended Sept 2025, but higher provisions led to a decline in net profit.The bank’s net profit fell 9.5% year-on-year to Rs 955.3 crore from Rs 1,057 crore in the same quarter last year. Total provisions, including tax, rose 35.4% to Rs 689…