Gold rate today: Gold and silver prices have hit unprecedented highs in India and globally, fueled by anticipated US Federal Reserve interest rate cuts and ongoing geopolitical tensions. Analysts suggest further gains are likely as investors seek safe-haven assets amidst concerns over debt levels and a weakening dollar. Central bank buying also supports the trend.
Nestlé plans to cut 16,000 jobs globally over two years, with 12,000 white-collar roles targeted to save one billion Swiss francs. This aggressive cost-saving measure, aiming for three billion Swiss francs in savings by 2027, follows a recent leadership shake-up and a bottled water scandal, as the company navigates slowing growth and declining sales.
Asian markets rose for a second day, buoyed by expectations of Federal Reserve rate cuts amid softer US economic data. Investors are weighing escalating US-China trade war tensions, with US President Trump threatening higher tariffs, against signals of potential monetary easing. Gold prices reached new daily records as safe-haven assets climbed.
Investing in mutual funds requires careful diversification. Experts suggest a manageable range of 6 to 10 funds for a well-rounded portfolio. Adding too many funds can lead to overlap and redundancy, diminishing risk reduction benefits. Focus on quality and asset class diversification for stable wealth creation. More funds do not always mean better diversification.
India’s passport ranking has slipped to 85th in the 2025 Henley Passport Index, offering visa-free access to 57 destinations. This marks a decline from its previous position. Singapore leads the index with access to 193 countries, followed by South Korea and Japan. Several European nations also feature prominently in the top rankings.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Thursday. While Nifty50 was above 25,400, BSE Sensex was up over 300 points.
