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Hindustan Times
4 days ago
- Business
- Hindustan Times
Gold price today: Rates fall to ₹97,212 for 10 grams amid US-India trade talks
Gold prices in the country have crawled further down with the Multi Commodity Exchange of India Ltd (MCX) quoting ₹97,212 for 10 grams of 24-carat gold, and ₹ ₹89,448 for 10 grams of 22-carat-gold as of 11.17 am on July 16, IST. Prices of the precious yellow metal surged for four consecutive trading days before it dipped yesterday.(Unsplash/representational) The bullion rate of the yellow metal stands at ₹97,720 for 24-carat gold and ₹89,577 for 22-carat gold for every 10 grams, marking a 0.12 per cent rise from yesterday's close. Prices of the precious yellow metal surged for four consecutive trading days before it dipped yesterday. The prices come amid the ongoing trade talks between USA and a delegation led by India's Commerce and Industry Ministry, in Washington. Commencing on Monday, the trade talks are aimed to address negotiations regarding the interim bilateral trade agreement between India and the USA. Here are the gold rates for July 16, 2025, in India's major cities Indian cities MCX gold rate(24 carat per 10 grams) MCX silver rate(999 Fine per 10 grams) Gold bullion rate(24 carat per 10 grams) Silver bullion rate(999 Fine per kg) Kolkata ₹ 97,460 ₹ 1,115.2 ₹ 97,410 ₹ 111,330 Mumbai ₹ 97,580 ₹ 1,114.5 ₹ 97,530 111,470 Hyderabad ₹ 97,740 ₹ 1,116.2 ₹ 97,690 ₹ 111,650 New Delhi ₹ 97,420 ₹ 1,112.5 ₹ 97,370 ₹ 111,280 Chennai ₹ 97,870 ₹ 1,120 ₹ 97,820 ₹ 111,800 Bengaluru ₹ 97,660 ₹ 1,115.3 ₹ 97,610 ₹ 111,560 View All Prev Next Among the above cities, MCX and bullion gold prices stand highest in Chennai and lowest in New Delhi. As of 11.12 am on July 16 IST, MCX quoted silver rates at ₹1,11,466 per kilogram, indicating a 0.02 per cent drop from yesterday. The bullion rate of the white metal is ₹1,11,620 per kilogram at 11.13 am on Jul 16, IST, standing at a 0.07 per cent lower slab to yesterday's close.
Malaysiakini
4 days ago
- Business
- Malaysiakini
Miti urged to ramp up anti-graft meetings with business community
The Investment, Trade, and Industry Ministry (Miti) was urged to intensify engagement with businesses and investors on corruption-related issues. This was among the priorities identified in a meeting of the Corruption Perceptions Index (CPI) Special Task Force, chaired by Chief Secretary to the Government Shamsul Azri Abdul Bakar in Putrajaya yesterday. In a statement issued after the meeting, the task force said...
The Star
07-07-2025
- Business
- The Star
Malaysia reaffirms independent trade policy amid Trump's tariff threat
PETALING JAYA: Malaysia has reaffirmed its commitment to an independent foreign and economic policy, following a warning from US President Donald Trump to impose an additional 10% tariff on countries perceived to be aligned with the BRICS bloc's policies. In a statement, the Investment, Trade, and Industry Ministry said the country's engagement with any multilateral platform would focus on trade facilitation, sustainable development and national ideology. ALSO READ: Trump says nations aligning with BRICS' 'anti-American policies' will face additional 10% tariff "Our engagement with any multilateral platform is focused on trade facilitation and sustainable development, guided by national interest, not ideological alignment," it said in a statement on Monday (July 7). Earlier, Trump posted on his social media that "Any country aligning itself with the anti-American policies of Bricks, will be charged an additional 10% tariff. There will be no exceptions to this policy," Miti stressed that the US remains one of Malaysia's key economic partners, not only through trade but also through the multi-billion-dollar American investments that have been established in Malaysia for over 50 years. ALSO READ: Trump says US nears trade deals as tariff deadline delayed The US had set a July 9 deadline for countries to agree to a trade deal, but US officials now say tariffs would begin on Aug1. Trump said he would send letters to countries informing them of the proposed tariff rate if an agreement is not reached. Anwar arrived in Rio de Janeiro on Saturday to attend the Brics summit hosted by Brazil at the invitation of President Luiz Inácio Lula da Silva. Malaysia officially became a Brics partner country on Jan 1 this year.
Malaysiakini
06-07-2025
- Business
- Malaysiakini
RM4.6b potential exports, invesments recorded from France trip
Malaysia recorded RM4 billion in potential investments and RM675 million in potential exports from the trade and investment mission led by Prime Minister Anwar Ibrahim to France on July 4. In a statement today, the Investment, Trade, and Industry Ministry (Miti) said Anwar met 40 representatives from France's industrial sector. It added that several companies expressed intention to...
Malaysiakini
21-06-2025
- Business
- Malaysiakini
Probe of 'stolen' Osaka Pavilion design: 8 weeks and counting
COMMENT | On April 23, the Investment, Trade, and Industry Ministry announced an investigation into a company's allegation that it was not paid for creative works provided to the ministry for an ongoing expo in Osaka, Japan. In a statement, the ministry said it takes the matter seriously and is gathering all facts regarding the allegation, which has gone viral on social media. 'The ministry takes note of the allegation about the Malaysia World Expo concept creation that has been circulating on social media and reported by the press. 'The ministry is undertaking a...
