Economy News

Gold surges over Rs 3,300 in this week, Silver crosses Rs 1.28 lakh mark

Gold outperforms equities for the 4th consecutive Diwali cycle

MCX gold has gained approximately 40 per cent since last Diwali, while the Nifty 50 rose around 5 per cent in the same timeframe. In 2024, Diwali-to-Diwali returns of gold was 32 per cent, compared to a 24 per cent rise in the Nifty. In 2023, gold rose by 21 per cent, while the benchmark index only advanced by 10 per cent. Sep 24, 2025

Jan 1, 1970

Jan 1, 1970
After GST rate cut, govt waives mandatory re-labelling of medicines

After GST rate cut, govt waives mandatory re-labelling of medicines

"All manufacturers/ marketing companies selling drugs/ formulations shall revise the Maximum Retail Price (MRP) of drugs/formulations (including medical devices). The manufacturers/ marketing companies shall issue a revised price list or supplementary price list to dealers and retailers for display to consumers, and to State Drug Controllers and the Government, reflecting the revised GST rates and revised MRP," the NPPA said. Sep 16, 2025

Jan 1, 1970
India's forex reserves surge by $ 3.51 billion to $694.23 billion

India's forex reserves surge by $ 3.51 billion to $694.23 billion

The gold component of the forex reserves increased by $1.77 billion to $86.77 billion at the end of the week. Central banks worldwide have accumulated substantial amounts of gold as a safe-haven asset in their foreign exchange reserves amid uncertainty created by geopolitical tensions. The share of gold maintained by the Reserve Bank of India (RBI) as part of its foreign exchange reserves has almost doubled since 2021. Sep 5, 2025

Jan 1, 1970
Gold, silver prices hit record high amid global uncertainties

Gold, silver prices hit record high amid global uncertainties

According to the India Bullion and Jewellers Association (IBJA), the evening rates showed that the price of 24-carat gold climbed to Rs 1,06,021 per 10 grams, up from Rs 1,04,424 on Tuesday. This marks a rise of Rs 1,597 in just 24 hours. Sep 3, 2025
Goods to turn cheaper as GST Council brings more consumer items under lower tax rates

What's expensive, what's cheaper as GST Council brings more consumer items under lower tax rates

The GST Council, comprising state Finance Ministers with Finance Minister Nirmala Sitharaman as the Chairperson, which met here on Wednesday, has also decided to finalise the rollout of a simplified GST regime with only two tax slabs of 5 and 18 per cent. However, the government has decided to keep the higher slab of 40 per cent on sin goods such as cigarettes, tobacco, sugary drinks and luxury goods that are bought by the high-income groups. Sep 3, 2025

Jan 1, 1970

Jan 1, 1970
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