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Asia Gold: Demand sluggish in Asia as volatile prices weigh on sentiment

July 11 (Reuters) – Demand for physical gold remained sluggish this week across major Asian markets as price volatility weighed on sentiment, with premiums in China holding firm and discounts in India narrowing. Dealers in top consumer China charged premiums of $10-$25 an ounce over the global benchmark spot price, compared with premiums of $4.2-$33 last week. Spot gold fell to its lowest level in over a week on Wednesday, dipping below the $3,300 mark, before recovering to trade at $3,335 as of 0520 GMT on Friday. U.S. President Donald Trump has broadened his trade war in recent days, announcing

What kind of ‘ghar-wapsi’ is this for PM: Congress takes dig at Modi over Bhagwat’s remarks

New Delhi, Jul 11 (PTI) The Congress on Friday took a jibe at Prime Minister Narendra Modi over RSS chief Mohan Bhagwat’s reported remarks on stepping aside at 75 years of age, saying what kind of a homecoming is this for the PM that upon returning from abroad he was reminded by the Sarsanghchalak that he will turn 75 this year. During an event in Nagpur on Wednesday, RSS chief Bhagwat mentioned Sangh ideologue late Moropant Pingley’s statement about stepping aside after 75 years of age. Bhagwat specifically referred to Pingley’s remarks that when the shawl of 75 years is

Rupee falls 19 paise to 85.89 against US dollar in early trade

Mumbai, Jul 11 (PTI) The rupee depreciated 19 paise to 85.89 against the US dollar in early trade on Friday, after Trump announced 35 per cent tariffs on Canada from next month, denting investor sentiments. At the interbank foreign exchange, the rupee opened at 85.76 against the dollar, then touched an early low of 85.89, down 19 paise from its previous close. On Thursday, the rupee pared initial gains and settled for the day higher by 3 paise at 85.70 against the US dollar. Trump on Thursday announced a steep 35 per cent tariff on Canadian imports, effective August 1.

Markets decline in early trade dragged down by selling pressure in IT stocks

Mumbai, Jul 11 (PTI) Benchmark indices Sensex and Nifty declined in early trade on Friday dragged down by selling pressure in IT stocks post earnings announcement by TCS. The 30-share BSE Sensex dropped 398.45 points to 82,791.83 in early trade. The 50-share NSE Nifty declined 111.25 points to 25,244. From the Sensex firms, Tata Consultancy Services traded nearly 2 per cent lower after reporting its June quarter earnings. Country’s largest IT services company TCS on Thursday reported a 6 per cent growth in June quarter net profit at Rs 12,760 crore, helped by a jump in non-core income even as

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