Business
Gold price today: Gold futures sink nearly 4% after Trump remarks on Iran; check rates in your city
Gold prices plummeted by Rs 6,004 to Rs 1,47,704 per 10 grams on Thursday, reversing a four-day rally. Intensifying West Asian geopolitical tensions and a strengthened US dollar, following President Trump’s warnings of further action against Iran, dampened investor sentiment. This shift also saw traders fully price out US Federal Reserve interest rate cuts for
Business
March PMI snapshot: India’s manufacturing growth slows to 53.9 as rising cost pressures weigh on momentum
India’s manufacturing sector experienced a slowdown in March, with growth moderating due to rising costs, intense competition, and global uncertainties like the Middle East conflict. While new orders and output saw slower expansion, employment surged, and export demand remained robust, indicating a mixed but resilient industrial landscape.
Business
Rupee climbs 151 paise to reach 93.19 against US dollar
The Indian rupee rebounded strongly, gaining 151 paise to 93.19 against the US dollar after the Reserve Bank capped banks’ net open positions. Despite this regulatory intervention, underlying pressures from foreign fund outflows, a firming dollar, and high crude oil prices persist, impacting equity markets as well.