Business

India’s Diwali silver buying frenzy, fueled by social media hype, triggered a global market crisis. Unprecedented demand drained inventories, leading to a severe shortage and extreme price volatility. This surge, combined with industrial growth and ETF accumulation, pushed the silver market to its breaking point.

US stock markets are showing signs of shakiness as investors brace for a week filled with corporate earnings and delayed inflation data. Renewed US-China trade tensions and credit concerns at regional banks have increased market volatility, with a key gauge of fear surging. Investors will closely monitor third-quarter earnings reports for insights into corporate profits…

Dhanteras 2025 is setting sales records for Indian retailers, with Maruti Suzuki anticipating over 50,000 vehicle deliveries. Hyundai also reported a 20% surge. Consumer electronics and jewellery sectors are experiencing robust demand, with companies citing GST reforms and festive spirit as key drivers for this broad-based consumption boom.

Silver surprisingly outshone gold this Dhanteras, with sales surging despite record prices. While gold volumes dipped, silver coin demand soared, especially in smaller cities, indicating a shift towards value-focused investments. Overall festive sales reached an estimated Rs 60,000 crore, a 25% increase, highlighting strong consumer sentiment.

Indian jewellery shopping is rapidly shifting online, with consumers embracing digital platforms for gold, diamond, and lab-grown diamond purchases. Trusted certifications and brand assurances are driving this growth, with online sales projected to exceed 12% by 2026, expanding accessibility beyond major cities.

Gold has experienced a significant rally, reaching all-time highs ahead of Diwali, driven by global uncertainties and dovish central bank policies. Despite being in overbought territory, the yellow metal’s strong uptrend is supported by sustained buying interest and safe-haven demand amid geopolitical tensions and inflation concerns.

Union minister Piyush Goyal expressed confidence in India’s export growth for 2025-26, projecting a positive trajectory despite global uncertainties and US tariffs. He highlighted a 5% increase in goods and services exports during the first half of the fiscal year, driven by global demand for Indian products.