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Gold, silver futures slide for 2nd straight day on profit booking ahead of US jobs data

New Delhi, Jan 8 (PTI) Gold and silver prices declined for the second straight day in the futures trade on Thursday, tracking weak global trends as investors booked profits ahead of the key US jobs data. Analysts said the employment numbers will offer fresh cues on the Federal Reserve’s monetary policy outlook. On the Multi Commodity Exchange (MCX), gold futures for February delivery decreased Rs 896, or 0.65 per cent, to Rs 1,37,113 per 10 grams in a business turnover of 14,957 lots. Silver futures also witnessed heavy selling pressure on the MCX amid cautious positioning by traders. The white

Rupee falls 7 paise to close at 89.94 against US dollar

Mumbai, Jan 8 (PTI) The rupee fell 7 paise to settle at 89.94 (provisional) against the US dollar on Thursday, weighed down by a host of factors, including higher crude oil prices, foreign fund outflows, and a stronger greenback. The apprehension of any further tariffs by the US and weak sentiments at the domestic equity markets further pressured the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 89.96 and traded in the range of 89.73 to 90.13. It eventually settled at 89.94 (provisional), down 7 paise from its previous close. “India faces big trouble

Trump withdraws US from over 60 global institutions, including UN bodies and International Solar Alliance

United Nations/Washington, Jan 8 (PTI) President Donald Trump has withdrawn the US from over 60 international organisations, including UN bodies and the India-France-led International Solar Alliance, calling the institutions “redundant” and “contrary” to America’s interests. Trump on Wednesday signed a memorandum titled ‘Withdrawing the United States from International Organisations, Conventions, and Treaties that Are Contrary to the Interests of the United States’. After signing, Trump said he has determined that it is “contrary” to the interests of the US to remain a member of, participate in, or otherwise provide support to the 66 UN and Non-United Nations organisations. This includes

Markets log losses for 4th day; Sensex tanks 780 points on renewed trade uncertainties

A screen displays an image of U.S. President Donald Trump at the Bombay Stock Exchange (BSE) in Mumbai, India. (Photo: Reuters

Mumbai, Jan 8 (PTI) Equity benchmark indices Sensex and Nifty fell sharply by nearly 1 per cent on Thursday, continuing their weak momentum for the fourth straight session, due to renewed concerns over potential US tariff hikes amid widespread selling pressure in global markets. Deep losses in metal, oil & gas, and commodity stocks amid unabated foreign fund outflows added to the pressure, analysts said. The 30-share BSE Sensex tanked 780.18 points, or 0.92 per cent, to settle at 84,180.96. During the day, it plummeted 851.04 points, or 1 per cent, to 84,110.10. The 50-share NSE Nifty tumbled 263.90 points

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