Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Rupee remains range-bound amid dollar strength; gold loses as tariff
The Statesman Bhubaneswar
|July 27, 2025
Despite global gold prices easing, Indian bullion prices remained flat this week while the rupee slightly declined compared to the US dollar due to outflows of foreign funds.
The price of 24-carat gold (10 gram) started the week at Rs 98,896 on Monday, rose to Rs 1,00,533 on Wednesday, and ended the week at Rs 98,880, according to data published by the India Bullion and Jewellers Association (IBJA).
"Gold traded weak by another $25 at $3345, down 0.70 per cent, as expectations of tariff deals between the US and trade partners like Japan and the EU reduced safe-haven appeal. These developments may keep gold volatile, especially at elevated levels," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
This story is from the July 27, 2025 edition of The Statesman Bhubaneswar.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Statesman Bhubaneswar
The Statesman Bhubaneswar
Chhath festival begins in UP
The four-day-long Chhath festival begins today in Uttar Pradesh with Nahay-Khaay, celebrated with great religious fervor.
1 mins
October 26, 2025
The Statesman Bhubaneswar
El Clásico showdown: Real Madrid and Barcelona clash at the Bernabéu in a title-defining battle of pride and revenge
Sunday's encounter between Real Madrid and Barcelona is far more than a routine league fixture ~ it’s the iconic ElClasico, and the stakes could hardly be higher.
2 mins
October 26, 2025
The Statesman Bhubaneswar
Bengal SIR: CEO’s office to introduce two-tier electoral administration
The office of the Chief Electoral Officer (CEO), West Bengal, will introduce a two-tier daily electoral administration system in the state immediately after the notification for the Special Intensive Revision (SIR) in the state is issued.
1 min
October 26, 2025
The Statesman Bhubaneswar
Illegal commercial complex razed in Meerut on SC orders
A 35-year-old commercial complex, built illegally on a plot originally allotted for residential purposes, has been demolished here on the directive of the Supreme Court.
1 min
October 26, 2025
The Statesman Bhubaneswar
SIT recovers gold from Sabarimala heist
In a major breakthrough in the Sabarimala gold theft case, the Special Investigation Team (SIT) has recovered a substantial quantity of the stolen gold from a jewellery outlet in Bellari, Karnataka.
1 mins
October 26, 2025
The Statesman Bhubaneswar
RIVERS AND THE VESSELS OF THE PEOPLE
India has a history of traversing the sea for over five millennia. The earliest records can be found in the Harappan (Indus Valley) civilization. Terracotta models and engravings from Lothal and Mohen-jo-Daro depict ships with high prows, pointed sterns, central cabins, and sails, suggesting vessels capable of coastal and open-sea navigation.
3 mins
October 26, 2025
The Statesman Bhubaneswar
Centre to set up 10 new IICTs to boost media, digital sectors
In a move to strengthen India's creative, entertainment, and digital industries, the Ministry of Information and Broadcasting has announced plans to establish 10 new Indian Institutes of Creative Technologies (IICTs) across the country over the next decade, offering specialised, industry-oriented courses in these sectors.
1 min
October 26, 2025
The Statesman Bhubaneswar
Malda traders seek extension for Income Tax return filing
The Malda Merchants' Chamber of Commerce and Industry (MMCCI) has urged Union finance minister Nirmala Sitharaman to extend the deadline for filing Income Tax Returns (Audit) for the Assessment Year 2025-26.
1 min
October 26, 2025
The Statesman Bhubaneswar
LIC rejects Washington Post allegations, Cong demands JPC probe
The Life Insurance Corporation of India on Saturday strongly refuted recent reports published by The Washington Post alleging irregularities in its investment practices even as the Opposition Congress demanded a Joint Parliamentary Committee (JPC) investigation into the matter
1 min
October 26, 2025
The Statesman Bhubaneswar
Naval commanders’ meet focuses on readiness, security
Naval Commanders deliberated on issues of operational preparedness, maritime security, capability development, and Tri-Service integration during the second edition of the biannual Naval Commanders' Conference 2025 which concluded at the Nausena Bhawan, here on Friday.
1 min
October 26, 2025
Listen
Translate
Change font size