Latest news with #Kalantri
The Print
15-07-2025
- Business
- The Print
Gold declines Rs 200 to Rs 99,370/10 g; silver plunges Rs 3,000 to Rs 1.12 lakh/kg
Gold of 99.5 per cent purity slipped by Rs 200 to Rs 98,800 per 10 grams (inclusive of all taxes) from the precious close of Rs 99,000 per 10 grams. The precious metal of 99.9 per cent purity had settled at Rs 99,570 per 10 grams on Monday. New Delhi, Jul 15 (PTI) Gold prices declined by Rs 200 to Rs 99,370 per 10 grams in the national capital on Tuesday due to fresh selling by stockists, according to the All India Sarafa Association. Silver prices plunged by Rs 3,000 to Rs 1,12,000 per kg (inclusive of all taxes) on Tuesday. The white metal had rallied by Rs 5,000 to hit a record high of Rs 1,15,000 per kg on Monday. 'Gold and silver witnessed sharp intraday volatility, rising initially but later retreated from their highs as the US Dollar index rebounded,' Rahul Kalantri, Vice-President of Commodities, Mehta Equities, said. Also, investors opted to book profits ahead of the crucial US inflation data to be released later in the day for more direction on the trajectory of bullion prices, Kalantri added. Meanwhile, spot gold rose by USD 20.62 or 0.62 per cent to USD 3,364.14 per ounce in the international markets. 'Gold remains range-bound despite elevated geopolitical and trade tensions. Safe-haven demand has picked up modestly after President Donald Trump's 30 per cent tariff announcement on imports from Mexico and the EU, though hopes for negotiations have limited sharp gains,' Chintan Mehta, Chief Executive Officer, Abans Financial Services, said. PTI HG HG MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Economic Times
11-07-2025
- Business
- Economic Times
Silver hits record Rs 1.11 lakh/kg in India: What's fueling the rush to safe haven?
Silver prices in India surged to an all-time high on Friday, breaching Rs 1.11 lakh per kilogram in the spot market as traders ramped up safe-haven buying amid mounting global trade tensions and rising expectations of a dovish tilt from the U.S. Federal Reserve. ADVERTISEMENT On the Multi Commodity Exchange (MCX), silver futures crossed Rs 1.10 lakh per kilogram in early trade, while in the physical spot market, silver traded at Rs 111 per gram, or Rs 1,11,000 per kilogram, the highest ever recorded in India. The rally followed a second straight session of gains for precious metals globally, with spot silver rising 0.4% to $37.19 per ounce in international markets, per Reuters. The surge in the grey metal prices comes on the heels of escalating trade uncertainty after U.S. President Donald Trump announced sweeping tariffs. 'Gold and silver prices rose on Thursday, marking a second consecutive session of gains as investors sought safety amid mounting trade tensions and fresh policy risks,' said Rahul Kalantri, Vice President, Commodities at Mehta unveiled a steep 35% tariff on Canadian imports effective August 1, and signaled new blanket tariffs of 15–20% on most other trading partners. 'Trump's push for a massive 300 basis-point Fed rate cut fueled speculation of a dovish central bank shift, raising concerns about future inflation,' Kalantri Thursday, silver September futures on the MCX settled at Rs 1,09,123 per kilogram, up 1.73%. Gold August futures also gained 0.24%, closing at Rs 96,691 per 10 grams. ADVERTISEMENT 'Gold and silver gained amid the U.S. President's uncertain trade policies, which increased uncertainty in the global financial markets,' the research desk at Prithvifinmart Commodity Research said, adding that safe-haven flows had intensified. Trump's statements about imposing 50% tariffs on copper imports and Brazil, as well as an additional 10% levy on BRICS nations, have further dented sentiment. Silver also breached a key resistance level of $37 per troy ounce in the international markets. 'Silver has support at $36.85-36.60 while resistance is at $37.40-37.55,' Kalantri noted. In rupee terms, silver faces resistance at Rs 1,09,950–1,10,700, levels it decisively broke through on Friday. ADVERTISEMENT 'Trump's tariff uncertainty and weakness in the global equity markets could continue to push precious metals up,' said Manoj Kumar Jain of Prithvifinmart Commodity expects continued volatility in bullion due to fluctuations in the dollar index and trade policy risks. 'We expect gold and silver prices to remain volatile in today's session amid volatility in the dollar index and U.S. trade tariff uncertainty but gold prices could hold its support level of $3,280 per troy ounce and silver prices could also hold $36.40 per troy ounce levels on a weekly closing basis,' he said. ADVERTISEMENT As global investors react to a rapidly shifting macro environment, silver's status as a hedge against both inflation and geopolitical risk appears firmly in play, propelling the metal to historic highs on Indian soil. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
11-07-2025
- Business
- Time of India
Silver hits record Rs 1.11 lakh/kg in India: What's fueling the rush to safe haven?
Silver prices in India surged to an all-time high on Friday, breaching Rs 1.11 lakh per kilogram in the spot market as traders ramped up safe-haven buying amid mounting global trade tensions and rising expectations of a dovish tilt from the U.S. Federal Reserve. On the Multi Commodity Exchange (MCX), silver futures crossed Rs 1.10 lakh per kilogram in early trade, while in the physical spot market, silver traded at Rs 111 per gram, or Rs 1,11,000 per kilogram, the highest ever recorded in India. The rally followed a second straight session of gains for precious metals globally, with spot silver rising 0.4% to $37.19 per ounce in international markets, per Reuters. The surge in the grey metal prices comes on the heels of escalating trade uncertainty after U.S. President Donald Trump announced sweeping tariffs. 'Gold and silver prices rose on Thursday, marking a second consecutive session of gains as investors sought safety amid mounting trade tensions and fresh policy risks,' said Rahul Kalantri, Vice President, Commodities at Mehta Equities. Trump unveiled a steep 35% tariff on Canadian imports effective August 1, and signaled new blanket tariffs of 15–20% on most other trading partners. 'Trump's push for a massive 300 basis-point Fed rate cut fueled speculation of a dovish central bank shift, raising concerns about future inflation,' Kalantri said. Live Events On Thursday, silver September futures on the MCX settled at Rs 1,09,123 per kilogram, up 1.73%. Gold August futures also gained 0.24%, closing at Rs 96,691 per 10 grams. 'Gold and silver gained amid the U.S. President's uncertain trade policies, which increased uncertainty in the global financial markets,' the research desk at Prithvifinmart Commodity Research said, adding that safe-haven flows had intensified. Trump's statements about imposing 50% tariffs on copper imports and Brazil, as well as an additional 10% levy on BRICS nations, have further dented sentiment. Silver also breached a key resistance level of $37 per troy ounce in the international markets. 'Silver has support at $36.85-36.60 while resistance is at $37.40-37.55,' Kalantri noted. In rupee terms, silver faces resistance at Rs 1,09,950–1,10,700, levels it decisively broke through on Friday. 'Trump's tariff uncertainty and weakness in the global equity markets could continue to push precious metals up,' said Manoj Kumar Jain of Prithvifinmart Commodity Research. Jain expects continued volatility in bullion due to fluctuations in the dollar index and trade policy risks. 'We expect gold and silver prices to remain volatile in today's session amid volatility in the dollar index and U.S. trade tariff uncertainty but gold prices could hold its support level of $3,280 per troy ounce and silver prices could also hold $36.40 per troy ounce levels on a weekly closing basis,' he said. As global investors react to a rapidly shifting macro environment, silver's status as a hedge against both inflation and geopolitical risk appears firmly in play, propelling the metal to historic highs on Indian soil. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
The Print
03-07-2025
- Business
- The Print
Gold jumps Rs 450 to Rs 99,620/10 g; silver rallies Rs 1,000
Gold of 99.5 per cent purity appreciated Rs 400 to Rs 99,000 per 10 grams (inclusive of all taxes). The yellow metal had finished at Rs 98,600 per 10 grams in the previous market session. On Wednesday, the precious metal of 99.9 per cent purity had closed at Rs 99,170 per 10 grams. New Delhi, Jul 3 (PTI) Gold prices climbed Rs 450 to Rs 99,620 per 10 grams in the national capital on Thursday due to continuous buying by stockists, according to the All India Sarafa Association. Additionally, silver prices rallied Rs 1,000 to Rs 1,05,800 per kilogram (inclusive of all taxes) on Thursday. The white metal had settled at Rs 1,04,800 per kg in the previous close. 'Gold and silver extended their gains after the dollar index fell to a fresh 3.5-year low, while US Treasury yields dipped to a two-month low,' Rahul Kalantri, Vice-President of Commodities at Mehta Equities, said. 'Additionally, concerns over the approaching July 9 US trade tariff deadline lent further support. If a trade deal is not finalised in time, higher tariffs could trigger volatility in global financial markets, which will be supportive for the bullion prices,' Kalantri added. On the global front, spot gold fell USD 8.21, or 0.24 per cent, to USD 3,348.89 per ounce. 'Investors will be awaiting crucial US macroeconomic data releases later in the day, including non-farm payrolls (NFP) and unemployment figures, which could provide fresh direction for the Federal Reserve's interest rate path and trajectory for the bullion prices,' Jateen Trivedi, VP Research Analyst — Commodity and Currency — LKP Securities, said. PTI HG TRB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
30-06-2025
- Business
- Time of India
ET Make in India SME Regional Summit, Thane spotlights resilience, innovation and inclusive growth
The ET Make in India SME Regional Summit in Thane, the first one in FY 2025-26, brought together a diverse group of industry leaders, SME associations, and small business owners on June 26 to exchange ideas and chart a collective vision for industrial growth and national development. The ET Make in India SME Regional Summit is a series of nationwide on-ground events to bring together local micro-, small-, and medium-sized enterprises (MSMEs), policymakers, enablers, and key industry stakeholders. The Summit aims to unravel emerging opportunities, address critical challenges, and promote meaningful knowledge-sharing and networking to drive the next wave of growth for Indian MSMEs. In Thane, the summit began with an insightful keynote from Vijay Kalantri, President of the All India Association of Industries (AIAI) and Chairman of MVIRDC World Trade Centre Mumbai. He talked in detail about the challenges faced by MSMEs in the Thane region and in other parts of the country, as well as ways to address them. 'Instead of a single window, the government should enable a single desk to facilitate easy redressal of MSME issues,' said Kalantri. After Kalantri's valuable insights, Anjali Mirchandani, Deputy General Manager, The New India Assurance Co Ltd, joined the stage for an exclusive fireside chat on the topic 'Safeguarding Success: The Essential Role of Business Insurance for MSME Resilience and Growth'. Mirchandani talked in detail about how comprehensive business insurance can protect Thane-based MSMEs from the financial impact of monsoon-related flooding and ensuing accidents, which are likely in this industrial belt. ET Online Anjali Mirchandani, Deputy General Manager, New India Assurance Co Ltd, during the fireside chat. 'When we talk of MSMEs, it's known that they need to have a sustainable and price-conscious product as they operate on thin margins,' said Mirchandani. She also highlighted how The New India Assurance's bundled coverage options offer comprehensive protection at affordable rates, making them particularly well-suited for MSMEs when compared to offerings from other insurers. Then followed another interesting fireside chat with Nagaraj Garla, Executive Director, IDBI Bank , on the topic 'Catalyzing Make in India Growth: IDBI Bank's Strategic Imperatives for Empowering MSMEs'. Live Events Garla spoke about IDBI Bank's initiatives such as i-MSME Express and GeM Sahay, which are helping to break traditional credit barriers like collateral requirements and complex documentation. He also highlighted the growing role of AI and data analytics in shaping the next phase of MSME lending—enabling faster, more accurate, and more inclusive credit decisions. 'Unmet demand of MSME credit is close to Rs 30 lakh crore. Demand is there; supply is not. IDBI has wide-ranging customisable products on offer to MSMEs under a single digital platform,' said Garla. He also explained how IDBI Bank is tailoring financial solutions such as equipment finance and export credit to support manufacturing MSMEs in Thane, enabling them to scale operations and enhance their global competitiveness. Thereafter, local industry leaders and association heads came together for an engaging panel discussion on the topic 'MSMEs and Maharashtra's economic engine: Unlocking growth from Thane'. 'If MSMEs are to survive and grow at a faster pace, the government must not only support them but also provide sustained handholding. These enterprises often operate with limited manpower and resources, making them especially vulnerable to market fluctuations and regulatory burdens. Targeted assistance, simplified compliance, and access to capacity-building initiatives are essential to unlock their full potential,' said Raghuveer Kini, Director General, Basic Chemicals, Cosmetics & Dyes Export Promotion Council ( CHEMEXCIL ). ET Online Nagaraj Garla, Executive Director, IDBI Bank In the chemicals industry, navigating commodity fluctuations and market volatility remains a significant challenge. Additionally, a lack of awareness about local suppliers continues to hinder sourcing efficiency and supply chain optimisation within the sector,' said Aniket Malshe, Director, Nichem Solutions. 'When it comes to the challenges faced by MSMEs, the scenario remains largely the same—whether in Thane or elsewhere in the country. To stay ahead of the curve, MSMEs must embrace innovation and focus on their core strengths, adapting swiftly to changing market dynamics and consumer demands,' said C H Nadiger, Regional Director, Western Region, Engineering Export Promotion Council of India ( EEPC India). 'The world is looking for solutions, and India holds the key. India's MSMEs are at the heart of these solutions, driving innovation, resilience, and inclusive growth. This is the right moment to accelerate forward, harnessing the potential of our small enterprises to lead not just the national economy, but to contribute meaningfully to global challenges,' said Bhavesh Maru, General Secretary, Thane Small Scale Industries Association ( TSSIA ). ET Online Kantharao Jinna, Chief Manager, National Small Industries Corporation (NSIC) The insightful panel discussion followed a business presentation by Sameer Kenia, Business Manager, Canon India. 'MSMEs play a big role for us. About 32-35% of our business comes from MSMEs,' said Kenia. Towards the end came the special address by Kantharao Jinna, Chief Manager, National Small Industries Corporation (NSIC) Mumbai. Jinna highlighted various initiatives taken by NSIC to help MSMEs. 'We support MSMEs in areas such as raw material distribution and marketing. To strengthen this support, we have signed MoUs with most public sector undertakings (PSUs), ensuring cost advantages and improved access to resources for MSMEs,' said Jinna. He also focused on the products introduced by NSIC for MSMEs. 'The MSME Global Mart serves as a valuable platform that provides access to various tenders and market opportunities, making crucial business information more accessible and transparent for MSMEs,' said Jinna. This concluded the SME summit in Thane, serving as a key platform that offered networking opportunities to a range of small businesses as well as industry stalwarts. The event sponsors were IDBI Bank as Banking & Lending Partner, The New India Assurance Co. Ltd as General (Non-Life) Insurance Partner, Canon as Tech Enabler, and World Trade Centre Mumbai and All India Association of Industries as Association Partners. (On World MSME Day , on June 27, 2025, ET Digital opened registrations for its sixth edition of the ET MSME Awards 2025 . The coveted award programme celebrates India's top MSMEs for their achievements and contribution to the nation's economic development)
