US President Trump’s tariff war is inadvertently pushing India and China closer, focusing on strengthening trade ties after strained relations. In March, China initiated diplomatic communications, with President Xi Jinping expressing concerns about US deals.
Gold and silver price prediction today: Gold prices are expected to continue their upward trend, potentially reaching 102,450, supported by strong bullish momentum and global uncertainties. Silver is also showing strength, aiming for 117,500, driven by investment demand and industrial use.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in opening trade on Thursday a day after 50% US tariffs came into effect on India. While Nifty50 went below 24,600, BSE Sensex dropped over 450 points.
Amitabh Kant views US tariff hikes as an opportunity for India to implement significant reforms and diversify export markets for long-term growth. He dismissed claims linking tariffs to Russian oil purchases, highlighting the need for improved administrative efficiency and faster startup registration. Kant emphasized that India’s vision of becoming a developed nation by 2047 is…
US stock market showed mixed trends. Investors are waiting for Nvidia’s quarterly results. These results are important for understanding the AI boom. The S&P 500 remained close to its record high. The Dow Jones Industrial Average saw a gain. Nasdaq Composite experienced a slight dip. Kohl’s shares increased after positive quarterly results. Crude oil prices…
Silver prices in the national capital witnessed a historic surge, reaching Rs 1,20,000 per kilogram, fueled by global uncertainty. Gold also experienced gains, climbing to Rs 1,01,270 per 10 grams. Market analysts attribute this uptrend to political unpredictability stemming from President Trump’s dismissal of Federal Reserve Governor Lisa Cook, raising concerns about the Fed’s independence.
Despite escalating trade tensions, a top US official expressed optimism about the future of US-India relations. US Treasury Secretary Scott Bessent highlighted the strong bond between President Trump and Prime Minister Modi. While dismissing the possibility of the rupee becoming a global reserve currency, India has initiated export promotion programs in 40 key markets.
The Union Cabinet has extended the PM SVANidhi scheme to March 31, 2030, with a Rs 7,332 crore outlay, aiming to benefit 1.15 crore street vendors. The restructured scheme increases loan amounts, offers UPI-linked credit cards, and promotes digital adoption through cashback incentives.
