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Gold climbs Rs 100 to new record high of Rs 1,13,100 in Delhi markets

New Delhi, Sep 11 (PTI) Gold prices hit a fresh lifetime high of Rs 1,13,100 per 10 grams in the national capital on Thursday, advancing by Rs 100 on sustained buying by stockists, according to the All India Sarafa Association. Gold prices have been on a bull run this year, skyrocketing by Rs 34,150 or 43.25 per cent, from Rs 78,950 per 10 grams on December 31, 2024. The precious metal of 99.5 per cent purity also advanced Rs 100 to touch a fresh record peak of Rs 1,12,600 per 10 grams (inclusive of all taxes). “Gold prices have reached

Rupee plunges 36 paise to close at all-time low of 88.47 against US dollar

Mumbai, Sep 11 (PTI) The rupee slumped 36 paise and closed for the day at an all-time low of 88.47 (provisional) against the US dollar, as ongoing tariff issue between India and the US weighed heavily on the domestic currency’s vulnerability. Forex traders said a recovery in the US dollar ahead of the inflation data and foreign fund outflows further dented investors’ sentiments. Crude oil prices also gained over the past few sessions, putting further pressure on the rupee. Traders noted that the rupee, which showed signs of minor recovery after US President Donald Trump gave positive signals about the

Sensex climbs 123.58 points; Nifty extends winning run to 7th day on firm global trends

Mumbai, Sep 11 (PTI) Benchmark BSE Sensex climbed 123 points while broader Nifty settled above 25,000 on Thursday, tracking a rally in global peers amid Fed rate cut hopes. Rallying for the fourth day in a row, the 30-share Sensex climbed 123.58 points or 0.15 per cent to settle at 81,548.73. During the day, it rallied 217.07 points or 0.26 per cent to 81,642.22. The 50-share NSE Nifty rose by 32.40 points or 0.13 per cent to close at a nearly three-week high of 25,005.50, marking its seventh consecutive day of gains. Among Sensex firms, NTPC, Axis Bank, Power Grid,

India’s IT sector nervous as US proposes outsourcing tax

BENGALURU, Sept 11 (Reuters) – India’s massive IT sector faces a lengthy period of uncertainty with customers delaying or re-negotiating contracts while the U.S. debates a proposed 25% tax on American firms using foreign outsourcing services, analysts and lawyers said. The sector is likely to be on the receiving end of a bill which, though unlikely to pass in its nascent form, will initiate a gradual shift in how big-name firms in the world’s largest outsourcing market buy IT services, they said. Get the latest news from India and how it matters to the world with the Reuters India File

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