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INR stays pressured amid elevated international oil prices
The Indian rupee slipped back and is hovering around record low levels in opening trades on Thursday as international oil prices ticked higher. INR opened at 95.74 per dollar and hit a low of 95.79 so far during the day. Yesterday, the unit hit an all-time low of 95.80 against the US dollar, and settled at 95.67 near its record closing low level amid elevated crude prices and West Asia geopolitical concerns. The rupee has become the worst-performing currency in Asia for the year, registering a loss of over 6 per cent so far this year, as elevated crude oil prices, a strong dollar and concerns regarding the West Asia crisis weighed on investor sentiments. Govt action of hiking import duties on gold and silver to 15 per cent failed to give much respite to the local unit. Moreover, Indias consumer price inflation in April rose for the sixth straight month to 3.48% from 3.40% in March. Food inflation, a key constituent of the countrys consumer price index, hit 4.2%, up from 3.87% in ...
Silver rate today in India falls around 2% to ₹2.96 lakh/kg on profit booking; Donald Trump-Xi Jinping talks in focus
Silver prices in India fell around 2% to ₹2,94,450 per kg on May 14 due to profit booking after a previous surge. This decline follows the Indian government's decision to increase import tariffs on gold and silver to 15%, aimed at protecting the rupee.
INR settles near record low level amid inflationary concerns
The rupee on Wednesday slipped to an all-time low of 95.80 against the US dollar, and settled at 95.67 near its record closing low level amid elevated crude prices and West Asia geopolitical concerns. The rupee has become the worst-performing currency in Asia for the year, registering a loss of over 6 per cent so far this year, as elevated crude oil prices, a strong dollar and concerns regarding the West Asia crisis weighed on investor sentiments. Govt action of hiking import duties on gold and silver to 15 per cent failed to give much respite to the local unit. Moreover, Indias consumer price inflation in April rose for the sixth straight month to 3.48% from 3.40% in March. Food inflation, a key constituent of the countrys consumer price index, hit 4.2%, up from 3.87% in March, Indias Ministry of Statistics and Program Implementation said in a release.
Gold import duty hike in focus: Are gold ETFs poised to gain traction after this move?
The recent import duty hike on gold and silver has led to a surge in gold ETFs, which are expected to benefit from increased flows as investors seek diversification. However, the demand for physical gold may decline due to cultural and savings-driven reasons.
Rupee slips to all-time low of 95.80 against dollar amid oil, forex pressure
Rupee hits all-time low of 95.80 against US dollar, early gains fade despite higher gold and silver import duties, outlook tied to oil and dollar trends.
Titan, Kalyan Jewellers to Senco Gold: Jewellery stocks slump up to 6% after gold, silver import duty hike
Jewellery stocks faced significant selling on May 13 after the government increased customs duties on gold and silver to 15%. Major companies like Kalyan Jewellers and Titan saw declines up to 6%, raising concerns over input costs and demand.
India’s gold import duty hike to 15% may remain for a year, says Senco MD Suvankar Sen
India's higher import duty on gold and silver could impact jewelry demand for a year, Senco MD Suvankar Sen said. Senco Gold predicts volumes may drop 10-15 percent and consumers may opt for lighter jewelry. This move aims to conserve foreign exchange reserves and protect economic stability amid global uncertainty.
Kalyan Jewellers, Titan, other jewellery stocks crash up to 6% as Centre hikes gold customs duty to 15%
Jewellery stocks like Kalyan Jewellers and Senco Gold tumbled up to 6% after the government hiked customs duty on gold and silver imports to 15%. This move aims to narrow India's trade deficit and support the rupee, but could dampen demand for precious metals. Organised players may fare better than smaller jewellers.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty hints at volatility and muted start to trade; Dixon in focus
Sensex Today | Stock Market LIVE Updates: There are news triggers to react to this morning. First, the increase on customs duty for gold, silver and other precious metal imports. Second, a 13-month high inflation print, and third, of course, being results. There is no let-off in oil prices, which remain near the $108 a barrel mark.
Jyothy Labs Ltd leads losers in 'A' group
ABB India Ltd, Kalyan Jewellers India Ltd, Senco Gold Ltd and Aditya Birla Real Estate Ltd are among the other losers in the BSE's 'A' group today, 11 May 2026.
Gold, silver prices today: Check retail rates of 24K, 22K gold, 999 silver on 11 May in Delhi, Mumbai and Kolkata
Gold price today remained steady across major Indian cities as 24K, 22K gold and silver rates showed limited movement amid rising geopolitical tensions and strong safe-haven demand.
Gold, silver seen range-bound for second week amid US-Iran talks: Analysts
Gold and silver may remain range-bound for a second consecutive week as investors assess developments in US-Iran peace negotiations and global macroeconomic data, analysts said. Traders will track inflation data from China, Germany, and the United States, along with GDP numbers from the Eurozone and the UK, later this week, they added. "Gold prices momentum looks consolidative, while silver movement looks positive in the coming week as traders will focus again on the progress on peace talks between the US and Iran to end the war and markets are likely to react accordingly," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. On the Multi Commodity Exchange (MCX), gold futures gained Rs 1,178, or nearly 1 per cent over the past week, to settle at Rs 1.52 lakh per 10 grams. Silver climbed Rs 10,985, 4.4 per cent, to close at Rs 2.61 lakh per kg. "Gold traded with a positive undertone last week, posting gains of nearly 1 per cent on MCX ..