Dimon expressed a measured view on gold ownership whilst acknowledging its potential value in current circumstances. Jamie Dimon, the JPMorgan Chase & Co CEO, who is long known to be a skeptic on gold investment, has said that he now sees a ‘semi-rational’ in having the yellow metal as part of your investment portfolio.Gold prices…
Gold prices are likely to stay firm amid global uncertainty, with the dollar and rupee expected to trade in narrow ranges as tariff tensions and geopolitical risks keep markets volatile, Director of Commodities and Currencies at Anand Rathi, Naveen Mathur, said in an interview with ET.He noted that the dollar index, which touched a three-month…
As Diwali and Dhanteras approach, gold continues to remain a preferred investment and a symbol of tradition in India. While most consumers buy gold in the form of jewellery, coins, and bars during the festive season, digital gold has been attracting attention from investors seeking convenience and systematic wealth accumulation.Digital gold allows investors to benefit…
India processes around 85 per cent of its digital payments via the Unified Payments Interface (UPI), making the country a leading example of inclusive, secure, and scalable Digital Public Platforms (DPPs), Reserve Bank Governor Sanjay Malhotra said.Speaking at the “High-Level Dialogue on Forging Economic Resilience through Digital Public Platforms” organised by the RBI on the…
Silver rate today: Silver prices rebounded sharply on Thursday, rising by Rs 2,000 to trade near their record high at Rs 1,84,000 per kilogram (inclusive of all taxes) in a volatile session, after touching a lifetime high of Rs 1,85,000 per kg on Tuesday.Spot silver was marginally up at $53.05 per ounce, following Tuesday’s record…
NEW DELHI: Russia remains confident that its energy partnership with India will continue, deputy Prime Minister Alexander Novak said on Thursday, a day after US President Donald Trump claimed that Prime Minister Narendra Modi had assured him that New Delhi would stop buying Russian oil.“We continue to cooperate with our friendly partners. Our energy resource…
IT services major Wipro on Thursday reported a marginal increase in its consolidated net profit to Rs 3,246.2 crore for the July-September quarter, up from Rs 3,208.8 crore in the year-ago period, according to a regulatory filing with stock exchanges.Revenue from operations for the quarter rose 1.7 per cent to Rs 22,697.3 crore, compared with…
Shares of luxury giant LVMH had their best day in over two decades on Wednesday, soaring as much as 14% after reporting stronger-than-expected quarterly sales that signalled a possible revival in Chinese demand. The rally added nearly $80 billion to the combined market value of European luxury stocks, according to Reuters report.The world’s largest luxury…
The Reserve Bank of India (RBI) on Thursday announced the final redemption price of Rs 12,567 per gram for the Sovereign Gold Bond (SGB) 2017-18 Series III, which is set to mature on October 16, 2025.The tranche, originally issued on October 16, 2017, had been open for subscription between October 9 and 11, 2017. The…
US President Donald Trump claimed that Prime Minister Narendra Modi had given assurance that India would discontinue purchasing oil from Russia. (AI image) India is looking to reduce its Russian oil imports with refiners planning a gradual reduction, according to a Reuters report quoting sources. Russia continues to be India’s largest crude oil supplier. The…
