Business

SGBs are witnessing heightened interest from retail investors in the secondary market. (AI image) Ahead of Diwali and Dhanteras, gold prices have been skyrocketing this festive season. Investors are looking at investment avenues – and Sovereign Gold Bonds (SGBs) are gaining huge traction in the secondary market. SGBs offer an eight-year investment period with a…

The average long-term US mortgage rate declined again this week, hovering just above its lowest level for 2025, as easing Treasury yields and Federal Reserve rate expectations continued to bring relief to borrowers, according to mortgage buyer Freddie Mac.Freddie Mac said on Thursday that the average rate on a 30-year mortgage slipped to 6.27% from…

As Diwali and Dhanteras approach, gold continues to remain a preferred investment and a symbol of tradition in India. While most consumers buy gold in the form of jewellery, coins, and bars during the festive season, digital gold has been attracting attention from investors seeking convenience and systematic wealth accumulation.Digital gold allows investors to benefit…

India and Brazil on Thursday agreed to broaden the scope of the existing preferential trade agreement (PTA) between New Delhi and the Mercosur bloc, aiming to strengthen economic ties and boost bilateral trade. Mercosur, a South American trading bloc, comprises Brazil, Argentina, Uruguay, and Paraguay.The discussions took place during a meeting between visiting Brazilian Vice…

International Monetary Fund (IMF) Managing Director Kristalina Georgieva said that India remains one of the strongest pillars of global growth even as the world economy turns more unpredictable amid rising tariffs, uneven expansion, and the rapid advance of artificial intelligence (AI), according to an ET report.Speaking at an IMF press conference, Georgieva replied to ET…

India processes around 85 per cent of its digital payments via the Unified Payments Interface (UPI), making the country a leading example of inclusive, secure, and scalable Digital Public Platforms (DPPs), Reserve Bank Governor Sanjay Malhotra said.Speaking at the “High-Level Dialogue on Forging Economic Resilience through Digital Public Platforms” organised by the RBI on the…

US stocks ticked higher on Thursday as technology shares rallied following signs of strong demand in the artificial-intelligence (AI) sector. The S&P 500 rose 0.3%, the Dow Jones Industrial Average added 116 points or 0.3%, and the Nasdaq gained 0.5%, though markets remained choppy throughout the week, AP reported.Tech stocks led gains after Taiwan Semiconductor…

Silver rate today: Silver prices rebounded sharply on Thursday, rising by Rs 2,000 to trade near their record high at Rs 1,84,000 per kilogram (inclusive of all taxes) in a volatile session, after touching a lifetime high of Rs 1,85,000 per kg on Tuesday.Spot silver was marginally up at $53.05 per ounce, following Tuesday’s record…

NEW DELHI: Russia remains confident that its energy partnership with India will continue, deputy Prime Minister Alexander Novak said on Thursday, a day after US President Donald Trump claimed that Prime Minister Narendra Modi had assured him that New Delhi would stop buying Russian oil.“We continue to cooperate with our friendly partners. Our energy resource…

Gold prices surged to an all-time high ahead of Diwali and the wedding season, with buyers showing a growing preference for solid bullion such as coins and bars rather than traditional jewellery, traders said on Thursday. The price of gold on MCX touched Rs 1,28,395 per 10 grams during the day.“Gold prices are increasing every…