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Gold prices rebounded toward $5,065 in early Asian trade after last week’s historic sell-off, supported by renewed safe-haven demand. However, upside momentum remains capped as markets react to Kevin Warsh’s nomination as US Federal Reserve chair. Seen as a hawkish policymaker, Warsh’s potential leadership has reduced expectations of near-term rate cuts, keeping traders cautious amid incoming US e
Tamil Nadu is emerging as a major global tourism investment hub as Vietnam’s Vingroup, parent company of VinFast, signed an MoU with the State Government to develop VinWonder amusement parks and luxury hotels. In parallel, Mata Amritanandamayi Mandir Trust will establish a ₹3,000 crore heritage theme park near Chennai, creating 12,000 jobs. These mega projects signal a strong tourism-led economic
Tamil Nadu is set to boost its tourism and entertainment landscape as the State Government signed an MoU with Imagicaa World Entertainment during the Tamil Nadu Global Tourism Summit. The ₹650 crore amusement park project, likely to benefit Coimbatore and nearby regions, will create around 500 jobs. The initiative strengthens Tamil Nadu’s position as a major tourism and leisure investment destinat
Gold and silver ETFs plunged as much as 20% after precious metal prices extended their decline for a third straight session. The sharp fall followed profit booking from record highs and aggressive unwinding of trading positions, triggering heavy selling in commodity-linked funds.
Following the untimely demise of Ajit Pawar, Maharashtra politics witnessed a historic transition as Sunetra Pawar was sworn in as Deputy Chief Minister, becoming the state’s first woman to hold the post. Elected NCP legislature party leader, Sunetra brings decades of political lineage and public-life exposure. Her elevation marks continuity, stability, and a significant milestone in Maharashtra’s
As Finance Minister Nirmala Sitharaman prepares to present the Union Budget, leading brokerages expect minimal impact on Indian equity markets. With Nifty already under pressure in January, analysts view Budget Day as a low-volatility event. Fiscal consolidation, moderate capital expenditure growth and limited policy surprises suggest markets may react more after the Budget than on the announcemen
The United States has informed India that it can soon restart imports of Venezuelan crude, positioning it as a replacement for Russian oil as New Delhi prepares to cut purchases from Moscow under increased US tariff pressure.
As Finance Minister Nirmala Sitharaman prepares to present the Union Budget 2026 on February 1, high expectations surround agriculture and exports sectors. Key anticipations include hiking PM-KISAN aid from ₹6,000 to up to ₹10,000 annually.
US stock markets declined as technology shares weakened despite investor confidence in Kevin Warsh’s appointment as Federal Reserve Chair. The S&P 500, Nasdaq and Dow slipped amid rising Treasury yields and stronger-than-expected inflation data. Gold and silver futures dropped sharply, signalling improved risk sentiment.
After reaching record high gold and silver rates today plunged. As investors flocked to book profit and US federal bank did not cut the interest rates, the global markets see huge price reduction that is reflecting in Indian market as well.
