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According to Commerce Ministry data, India's gold imports in March 2025 rose 192.13 percent year-on-year to USD 4.47 billion, reversing the previous trend of negative growth.This sharp jump is mainly attributed to the significant increase in gold prices and investors' renewed interest in the yellow metal as a safe-haven. Gold imports stood at USD 1.53 billion in January 2024, showing a sharp jump over the last two months. On a full-year basis, gold inbound shipments grew 27.27 percent to USD 58 billion in 2024-25 from USD 45.54 billion in the previous fiscal.The rise in demand reflects investors' growing preference for…

New Delhi, Gold prices hit an all-time high of Rs 94,781 per 10 grams in futures trade on Wednesday in line with a strong global trend.On the Multi Commodity Exchange, contracts for June delivery hit a record high of Rs 94,781 per 10 grams in early trade.Later, the gains narrowed by Rs 1,317 or 1.41 percent to Rs 94,768 per 10 grams, with an open interest of 21,211 lots.Analysts say the ongoing US-China trade war has fuelled safe-haven demand."The dollar remained under pressure and was trading near a two-year low, which further fuelled the rally in gold," said Rahul Kalantri,…

Shares of mining major Vedanta jumped over 3 per cent on April 15, a day after Assam Chief Minister Himanta Biswa Sarma held talks with the company to draw up a detailed plan for the group's Rs 50,000 crore investment in the state.Speaking at the Advantage Assam Summit in February, Vedanta Group Chairman Anil Agarwal had said the group would invest Rs 50,000 crore in the oil and gas sector of Assam and Tripura in the next 3-4 years.Assam Chief Minister Himanta Biswa Sarma took to Twitter to share an update and said, "In Advantage Assam 2, we received investment…

India's Unified Payments Interface (UPI) recorded a robust 13.6 percent growth in transaction volumes in March, hitting a new peak of 18.30 billion transactions, according to the latest data released by the National Payments Corporation of India (NPCI). While the top five UPI apps - PhonePe, Google Pay, Paytm, Navi and Super.money - retained their rankings, Axis Bank moved to the sixth spot, overtaking fintech unicorn CRED, which slipped to the seventh spot. This shift follows a similar pattern seen in February, when Super.money displaced CRED to enter the top five. In March, Axis Bank's growth was driven by a…

New Delhi, India's vegetable oil imports fell 16 percent to 9.98 lakh tonnes in March due to a sharp drop in crude sunflower oil shipments, according to industry data.In a statement on Friday, the Solvent Extractors Association of India (SEA) said imports of vegetable oils (edible and non-edible) declined to 9,98,344 tonnes in March 2025 from 11,82,152 tonnes in the same month last year.Edible oil imports declined to 9,70,602 tonnes in March 2025 from 11,49,681 tonnes in the same period a year ago. Imports of crude sunflower oil declined to 1,90,645 tonnes last month from 4,45,723 tonnes in March 2024.Arrivals…

New Delhi, Apr 11: Silver prices rose by Rs 1,216 to Rs 92,811 per kg in futures trade on Friday as participants increased their bets.Silver contracts for May delivery on the Multi Commodity Exchange rose by Rs 1,216, or 1.33 percent, to Rs 92,811 per kg in a business turnover of 19,617 lots.Analysts said fresh deals by participants led to the rise in silver prices.Globally, silver was trading 1.99 percent higher at $31.37 an ounce in New York.

DIPAM secretary Arunish Chawla said the long-awaited IDBI Bank divestment by the government is progressing rapidly, with several key steps being taken. IDBI Bank shares rallied over 3 per cent on April 9. Speaking to CNBC-TV18 earlier this week, Chawla described the 'multi-stage' process as 'quite complex' involving multiple work-streams running in parallel. "The virtual data room is active, all queries are being answered, we are negotiating the shareholders' agreement, and we have already appointed an asset valuer," Chawla said, adding, "Everything is moving like a parallel computer." The DIPAM secretary refrained from giving any specific timelines, but indicated that…

New Delhi, Shares of all 11 listed companies of Adani Group rose on Tuesday. All these companies remained in a strong position, recovering from the previous day's fall amid improvement in the stock market.Shares of Adani Enterprises rose 3.27 percent, Adani Total Gas 3.27 percent, Adani Energy Solutions 3.23 percent and Ambuja Cements 2.53 percent on BSE.ACC shares rose 2.32 percent, Adani Wilmar 2.24 percent, Adani Ports 1.72 percent, Sanghi Industries 1.62 percent, NDTV 1.06 percent, Adani Power 0.54 percent and Adani Green Energy 0.30 percent.The combined market valuation of all 11 companies stood at Rs 12,18,530 crore. Stock markets…

Domestic gold prices fell by ₹1,550 to ₹91,450 per 10 gram (24 carat, 99% purity) in the national capital on Monday, falling for the second consecutive session amid continued selling by jewellers and investors amid weak global trends, All India Sarafa Association reported. Gold of 99.5% purity (22 carat) closed at ₹91,000 per 10 gram on Monday, April 7. On Friday, gold prices closed at ₹93,000 per 10 gram (24 carat) and ₹92,550 (22 carat).Silver prices also declined on Monday, continuing its decline for the fifth consecutive session, falling by Rs 3,000 to Rs 92,500 per kg. Silver prices closed…

Shares of state-run oil explorers Oil India Ltd and Oil and Natural Gas Corporation Ltd (ONGC) fell up to 8% on Friday, April 4, following a massive drop in crude oil prices overnight.Both Brent and WTI crude declined nearly 7% on Thursday. While WTI fell towards the $66 per barrel mark, Brent prices dropped to $70 per barrel.This drop in Brent crude was caused by the Organization of Petroleum Exporting Countries (OPEC+) announcing an unexpected, larger-than-expected production hike. While OPEC+ had planned to raise production by 1.38 million barrels per day in May, they announced a 4.11 million barrel per…