Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Why gold’s Rs 10,000 spike after import duty increase is a one-off move
Gold and silver prices staged a sharp comeback on Wednesday, with MCX futures for both metals surging nearly 6% in a single session after the government raised customs duty on precious metal imports. Gold prices jumped about Rs 9,600, while silver soared nearly Rs 17,000, marking one of the biggest one-day rallies in recent months amid lingering volatility from Middle East tensions and tariff uncertainty.
Hindustan Zinc shares surge 5% as silver prices near Rs 3 lakh/kg after import duty hike; Vedanta shares jump 4%
Government has raised import duties on gold and silver to 15 percent. This move has caused precious metal prices to surge. Hindustan Zinc and Vedanta shares saw significant jumps following the announcement. The government aims to curb imports and stabilize the rupee. Hindustan Zinc, India's largest silver producer, is expected to benefit from higher silver prices.
‘In 2026, silver is one of the best investments I own': Robert Kiyosaki backs white metal again
Kiyosaki highlights silver as a strong investment and predicts a significant economic downturn in 2026. He encourages proactive investment in hard assets to navigate economic instability and inflation.
Indices pare early losses; metal shares in demand
At 10:30 IST, the barometer index, the S&P BSE Sensex, advanced 104.77 points or 0.14% to 74,664.01. The Nifty 50 index rose 84.55 points or 0.36% to 23,464.35.
INR seen mildly supported as govt raises gold tariff
The Indian rupee is seen recovering some of its lost momentum from record low levels in opening trades on Tuesday after the govt stepped in to stabilize the local unit. The govt has raised import tariffs on gold and silver to 15%, reversing the 2024 duty cuts, as the government moves to curb surging precious metal imports, narrow trade deficit and support the rupee amid mounting external pressures. INR opened at Rs 95.52 per dollar and rebounded to a high of 95.51 so far during the day. Yesterday the counter closed at 95.68. Indian shares are seen opening little changed on Wednesday after two consecutive heavy sell-off sessions. Yesterday, Indian equity markets experienced a sharp decline, with the Sensex settling 1,456.04 points (1.92%) lower at 74,559.24 and the Nifty 50 falling 436.30 points (1.83%) to close at 23,379.55.
Hindustan Zinc Ltd Spurts 4.72%, BSE Metal index Gains 1.42%
Hindustan Zinc Ltd has added 19.41% over last one month compared to 4.76% gain in BSE Metal index and 2.86% drop in the SENSEX
Hindustan Zinc, Vedanta to NALCO: Metal stocks jump after India raises import duty in gold, silver, other metals
Metal stocks surged on May 13, driven by rising gold and silver prices after the government raised import duties on precious metals. Hindustan Zinc led the gains, with Nifty Metal climbing 1.3%. Gold and silver prices hit upper circuits, reflecting strong buying interest.
Government raises import duty on gold and precious metals
The government on Wednesday hiked import duties on gold and silver to 15 per cent from 6 per cent as part of measures to curb inbound shipments of precious metals amid a rising import bill due to the West Asia crisis, the finance ministry notified. The revised rates came into effect on 13 May. Days after Prime Minister Narendra Modi's clarion call for curbs on gold purchases, along with other austerity measures to save on foreign exchange, the Finance Ministry, in a notification, hiked the social welfare surcharge (SWS) and the agriculture infrastructure and development cess (AIDC), effective May 13. The duty hikes will raise the overall customs duty on gold to 15 per cent. Separately, the Finance Ministry also revised customs duty rates for precious metal findings and recyclable precious metal waste. Under the revised structure, gold and silver findings will attract a 5% customs duty, while platinum findings will face a 5.4% duty. Imports of spent catalysts or ash containing ...
KPIT Tech to Eternal - Jay Thakkar suggests 3 stocks to buy or sell for short-term in F&O segment
The Indian stock market is set for a muted start, with GIFT Nifty trading at 23,431. The Sensex and Nifty 50 have declined for four consecutive sessions, driven by rising crude oil prices and foreign fund outflows, indicating a negative short-term trend.
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.
Gold price climbs ₹10 to ₹1,53,990; silver up ₹100, trades at ₹2,90,100
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,41,160
‘Silver is the new gold’: Jewellers say PM Modi’s austerity call may accelerate shift to white metal
Jewellery industry executives say consumers are increasingly turning to silver as soaring gold prices and concerns over India’s rising import bill reshape buying habits, while edible oil processors back the government’s push for lower consumption and reduced import dependence.