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Silver declines Rs 2,000, gold falls Rs 600 as Trump’s Iran deadline fuels market volatility

New Delhi, Apr 7 (PTI) Silver prices declined by Rs 2,000 to Rs 2.40 lakh per kilogram, while gold slipped to Rs 1.53 lakh per 10 grams in the national capital on Tuesday as investors turned cautious ahead of US President Donald Trump’s deadline to Iran for reopening the Strait of Hormuz. According to the All India Sarafa Association, the white metal depreciated by Rs 2,000, or nearly 1 per cent, to Rs 2,40,000 per kilogram (inclusive of all taxes) from Monday’s closing level of Rs 2,42,000 per kg. In the bullion market, gold of 99.9 per cent purity also

Stock markets rally for 4th day; Sensex jumps over 500 points

Mumbai, Apr 7 (PTI) Stock market benchmark indices Sensex and Nifty ended higher on Tuesday, as a drop in crude oil prices and a rally in global markets calmed investors’ sentiment. Also, buying in IT stocks aided recovery in the markets after early losses. The 30-share BSE Sensex jumped 509.73 points, or 0.69 per cent, to settle at 74,616.58. During the day, it hit a high of 74,686.32 and a low of 73,282.41, gyrating 1,403.91 points. The 50-share NSE Nifty climbed 155.40 points, or 0.68 per cent, to end at 23,123.65. From the 30-Sensex firms, Tata Consultancy Services, HCL Tech,

Rupee falls 10 paise to close at 93.00 against US dollar

Mumbai, Apr 7 (PTI) The rupee depreciated 10 paise to close at 93.00 (provisional) against the US dollar on Tuesday, as investors remained on edge ahead of US President Donald Trump’s deadline for the opening of the Strait of Hormuz and the Reserve Bank’s monetary policy review. Forex traders said the USD/INR pair is trading under pressure, dragged down by unabated withdrawal of foreign capital, a firm dollar, and higher crude oil prices amid a volatile geopolitical situation. Moreover, market participants will remain watchful of evolving geopolitical headlines and the upcoming RBI monetary policy decision. At the interbank foreign exchange

Pakistan’s efforts to end West Asia war approaching ‘critical’ stage: Iran’s envoy

Islamabad, Apr 7 (PTI) Pakistan-led peace efforts to end the US-Israeli war against Iran were approaching a “critical” stage, Iran’s envoy to Islamabad said on Tuesday. Ambassador Reza Amiri Moghadam’s comments came amid reports that Pakistan was making hectic efforts to bring the US-Iran conflict to an end by arranging a ceasefire and following it up with detailed talks. Pakistan’s “positive and productive endeavours in Good Will and Good Office to stop the war is approaching a critical, sensitive stage…,” the Iranian diplomat said in a post on X. Pakistan positive and productive endeavours in Good Will and Good Office

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