Gold and silver prices declined in Indian futures trade on Tuesday (April 21), tracking weak global cues and subdued domestic participation. On the Multi Commodity Exchange, gold contracts for June delivery edged lower by ₹3 to ₹1.53 lakh per 10 grams, with a turnover of 439 lots. The marginal dip reflects softer spot demand alongside…
Abu Dhabi National Insurance Company (ADNIC) has received regulatory approval to operate a reinsurance branch from India’s International Financial Services Centre at GIFT City, according to a company statement released on April 21. The licence, effective April 1, allows the insurer to undertake reinsurance business from the Gujarat-based financial hub. The move adds to ADNIC’s…
Gold and silver prices are trading in a narrow range, but the current phase reflects consolidation rather than weakness, with fundamentals continuing to support the outlook, according to Renisha Chainani, Head of Research at Augmont. She said retail investors should avoid waiting for ideal entry points and instead adopt a staggered investment strategy. “Range-bound movement…
A cyber fraud case in Gujarat’s Rajkot district has widened significantly, with police now estimating the total value of suspicious transactions at over ₹2,500 crore, up from an earlier estimate of ₹1,500 crore. The Rajkot Rural Police said 20 people have been arrested so far as part of “Operation Mule Hunt”, including three officials from…
Health insurance premiums in India are expected to rise by 10–15% over the next 12–18 months, according to industry experts, as insurers adjust pricing to keep pace with elevated medical inflation and changing risk profiles. The increases are likely to be gradual and implemented at renewal cycles, but the direction of pricing remains firmly upward….
Nippon India Mutual Fund recorded a majority share of trading volumes in gold and silver exchange-traded funds (ETFs) during Akshaya Tritiya, according to data compiled from Bloomberg, company filings, and the National Stock Exchange. The fund house reported combined volumes of ₹1,118 crore across its gold and silver ETFs on the day, accounting for about…
The government has approved a ₹12,980 crore sovereign-backed maritime insurance pool to provide domestic capacity for insuring Indian shipping risks. The initiative comes at a time when global marine insurance markets have seen tighter capacity and higher premiums, particularly for war-related risks. Why has the pool been introduced? Indian shipping companies currently depend significantly on…
Global precious metals traded mixed on Tuesday (April 21), with gold holding marginal gains while silver edged lower, as investors weighed easing oil prices, currency movements and persistent geopolitical tensions in West Asia. COMEX gold was last seen at $4,833.10 per ounce, up 0.09%. In contrast, COMEX silver declined 0.70% to $79.48 per ounce. Global…
Akshaya Tritiya may be over, but the message from this year’s festival is loud and clear: soaring bullion prices have failed to dim India’s appetite for gold. Gold and silver prices have surged sharply over the past year, reshaping buying behaviour during one of the country’s most auspicious precious metals buying occasions. Gold prices are…
Indian retail investors continue to demonstrate steady commitment to mutual fund investing even as equity market returns have remained subdued for nearly two years, according to a strategy report by Kotak Institutional Equities. The report describes the current phase as a “game of patience,” where sustained systematic investing is being tested by weak trailing returns…
