'This fall is nothing. We could see worse if everybody hits the panic button.'
Smuggled gold, which is selling sharply lower than the spot market price, is also responsible for discounts not ending. Some consumers are selling high amounts of gold.
Spread investments in equities, bonds, gold and cash to tackle volatility advise Nitin Singh, MD and head, and Vinay Joseph, director, investment strategy, Standard Chartered Wealth Management, India.
A strengthening dollar, rising interest rates, tightening liquidity and a surge in oil prices - all are combining to create a toxic atmosphere for EM assets, says Akash Prakash.
Saeed, has been moved to an unknown location.
Forex market was shut on Tuesday on account of 'Mahavir Jayanti'.
Swiss National Bank shocked the currency markets on Thursday by abolishing their currency -- franc's three year-old cap of 1.20 per euro
Chinese stocks plummeted 9 per cent on Monday
Group still far from coordinating monetary/forex policy
There is growing acceptance of the idea in the international community that engaging the Taliban government is a far better approach than ostracising it, observes Ambassador M K Bhadrakumar.
Indian stock markets have outshined gold and silver in FY15.
Bullion merchants said reduced offtake by jewellers and retailers at existing higher levels and a weak global trend amid speculation that Federal Reserve may decide on cutting back asset purchases this week is likely to bring down the demand for the precious metals as a safe haven.
Markets are also watching a meeting in Moscow of G20 finance ministers for signs of an orchestrated approach to the end of US money-printing, which could help defuse volatility in global markets.
Gold has risen sharply due to rising risk aversion
China, a veto-wielding member of the UNSC, has blocked the move by India and other member nations three times in the past to designate Azhar.
The euro skidded to a 6-week low of 133.700 yen in the early session.
Global investors are fast losing appetite for equities, as deflation seems more of a reality. With commodity prices collapsing, few safe havens are left for investors, with many of the BRICS(Brazil, Russia, India, China and South Africa) losing their charm.
The British pound was down nearly 9 per cent in early morning trade.
For one thing, US Fed Chairman Ben Bernanke was perhaps right in postponing the quantitative easing taper even though the markets had complained at that time that they were primed for some reduction in QE3 and the Fed had missed an opportunity to execute their plans without causing too much of a flutter.
Jewellery stores remained deserted as buyers deferred their non-essential purchases awaiting softness in gold prices.
The rupee had dropped 15 paise or 0.22 per cent yesterday.
China is keen to rebalance its economy towards higher consumption, services, technology use and value-added exports. The hope is that its currency will strengthen as the world embraces it as a global trade and reserve currency, say Abheek Barua & Bidisha Ganguly.
You can use gold as a financial instrument to diversify your portfolio into hedging against uncertainties in the market, but for ambitious returns, you must explore opportunities in other asset classes such as equities, debts and real estate, says Adhil Shetty, CEO, BankBazaar.com.
Analysts say the sell-off in risky assets will be temporary and could be a buying opportunity for long-term investors.
The market last tumbled 10% or more in December 2016 following demonetisation. The decline was followed by a sharp rebound. This time the chances of such a v-shaped recovery are less.
Shares of IT companies were in focus with the Nifty IT and S&P BSE IT index gaining more than 2% in an otherwise lower market
Sentiment very bullish for 2017; prices could touch all-time peak of $1,161 soon and may double from present levels by the end of the year. Rajesh Bhayani reports.
Markets in countries whose economic fortunes were closely linked to China's growth tumbled.
Swiss banks seek fresh undertakings from Indians.
Oil edged up on Tuesday, steadying after a 5 per cent plunge in the previous session that saw prices touch fresh 5-1/2-year lows in an oversupplied market.
It was a year of stocks shining bright when it comes to adding to the investors' wealth, and the glitter of gold and silver fading for the second straight year in 2013.
'We need to see Pakistan taking concrete and sustained action to reign in the terrorist groups'
The dollar's weakness against some currencies overseas limited the rupee's fall.
The immediate concern for the rupee is the sharp spike in oil prices
While there are no specific data for money that could be of Indians, this includes outflows to the tune of 100 billion Swiss francs that are related to fine payments in the context of declaration of untaxed money, as per a new study by PwC.
Jimmy Patel, MD & CEO, Quantum Mutual Fund, suggests some valuable financial gifts for your children.
Global growth, according to IMF, likely to be lower at 3.3%
This has steered a rally in global equities and dollar Index also ticked higher, trading near its four year high.
China on Thursday blocked another bid by the United States, France and the United Kingdom to list Pakistan-based Jaish-e-Mohammed chief and Pathankot terror attack mastermind Masood Azhar as a global terrorist by the United Nations, saying it has rejected the move as "there is no consensus".
The dollar has fallen not just against commodity-linked assets but against other asset prices.
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