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Gold price prediction today: Gold prices will continue to be influenced by US-Iran talks and macroeconomic data in America which would likely provide direction to the Federal Reserve on its rate decisions, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.
The United States and Japan have jointly intervened to support the Japanese yen’s value. This unprecedented action aims to stabilize the currency after its significant decline. Washington’s involvement signals broader economic and financial system concerns beyond Japan. The intervention seeks to protect US Treasury markets and American exporters from negative impacts.
According to shipping data from analytics firm Kpler, India exported 1.53 million barrels per day (bpd) of refined fuels during July. This is about 27% higher than the average monthly volume over the previous 12 months.
With the filing window now closed for most salaried taxpayers, attention has shifted to income tax refunds. Taxpayers who have filed and successfully e-verified their returns are now awaiting the refund process.
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Institutional investors subscribed nearly two-thirds of LIC shares offered by noon Tuesday. The government aims to divest up to 6.5% of its stake through this offer. This stake sale is expected to raise approximately Rs 31,000 crore for the government. The transaction also helps LIC meet Sebi’s minimum public shareholding requirements. This follows the government’s…
The Ministry of Petroleum has rolled out enhanced fuel quality measures, implementing water ingress testing that occurs multiple times a day at various fuel stations. In a comprehensive assessment, more than two thousand samples were analyzed for contaminants, revealing minimal problems. Sales were promptly halted at locations with verified contamination. The Ministry warns that stringent…
Merchant Discount Rate (MDR) is the fee merchants pay to banks and payment service providers for processing digital transactions. In India, credit card payments generally attract an MDR of around 1.5%.
As per SEBI guidelines, a new Closing Auction Session has been introduced for eligible stocks, where continuous trading will halt at 3:15 PM instead of 3:30 PM. This has altered the final closing price calculation methodology for several stocks.
Despite persistent concerns over elevated inflation, the Iran conflict and the possibility of an AI-driven stock market bubble, Wall Street has continued to scale new highs, supported by robust corporate earnings.