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30.10.26 - 16:24
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Gold hits one-year low, silver slips below $50 as inflation fears bite (Times of India)
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Gold and silver prices have plummeted to their lowest in a year as energy costs surge and inflation remains a pressing concern. The decline in precious metals mirrors waning investor confidence, driven by fears over persistently high interest rates set by the US Federal Reserve. Furthermore, weak demand from major Asian markets is further stifling gold sales, contributing to the downturn seen in platinum and palladium as well....
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30.10.26 - 15:48
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India′s forex kitty shrinks by $1.27 billion as gold reserves slide (Times of India)
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In the week ending October 23, India witnessed a decline in foreign exchange reserves, dropping by $1.269 billion to a total of $719.748 billion. This decrease was primarily driven by a notable reduction in the value of gold reserves. However, foreign currency assets saw a rise of $1.358 billion, reaching $593.205 billion....
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