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Gold hits all-time record high of Rs 82,415/10gm

New Delhi, Jan 31 (PTI) Gold prices on Friday hit a fresh all-time high of Rs 82,415 per 10 grams in futures trade in line with firm global trends. On the Multi Commodity Exchange, gold contracts for April delivery hit a record high of Rs 82,415 per 10 grams in early trade. The contract later pared some gains to trade Rs 199 or 0.24 per cent higher at Rs 82,243 per 10 grams with an open interest of 15,816 lots. The next month’s contract also hit a record high of Rs 82,210 per 10 grams. “MCX Gold touched a record

India’s economy forecast to grow 6.3%-6.8% in 2025/26, sources say

NEW DELHI, Jan 31 (Reuters) – The Indian government’s economic report, coming a day ahead of the annual budget, is likely to project GDP growth of 6.3%-6.8% in 2025-26, according to two sources familiar with the matter. The forecast suggests economic conditions will remain sluggish next year. Growth is expected to slip to 6.4% in the current financial year – the slowest in four years – from 8.2% last year. The economic survey will be released later on Friday. A spokesperson for the finance ministry did not immediately respond to an email from Reuters. Early economic growth projections have a

Rupee falls record low 86.65 per dollar amid worries about US tariffs; RBI likely steps in

MUMBAI, Jan 31 (Reuters) – The Indian rupee slipped to an all-time low on Friday, as the threat of U.S. trade tariffs under President Donald Trump weighed on most Asian currencies, while the Reserve Bank of India likely stepped in to support the local unit, traders said. The rupee dipped to 86.65 per dollar, eclipsing its previous record low of 86.6475 hit earlier in the month. The dollar index was higher at 108.2 while most Asian currencies declined after Trump said he is planning to impose tariffs on Canada and Mexico on Saturday and is also considering fresh levies on

Economy in slowdown, Modi govt marching India into middle-income trap: Congress

New Delhi, Jan 30 (PTI) Ahead of the Union Budget, the Congress Thursday slammed the government’s handling of the economy, asserting that there is a slowdown with “no jobs, raging inflation, stagnating wages and huge income inequality”. The Congress on Thursday came out with a ‘Real State of the Economy’ report, compiled by AICC Research Department chairperson Professor M V Rajeev Gowda and his team, claiming the Modi government is marching India forward into the middle-income trap, which will make the country uncompetitive, underproductive and unequal. The opposition party also said that India’s GDP growth for 2024-25, as per government

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