Gold, Silver Rally May Add to Rupee Pressure as Festival Demand Picks Up

A festive-season rebound in gold and silver demand could lift bullion imports and add to dollar demand, deepening pressure on an already weak rupee.

Dehuti Jani

Richard Fargose

August 26, 2026 at 4:07 AM IST

iStock.com/D. Talukdar

RBI’s Inflation Test Is Moving From Food and Fuel to the Wider Economy

As food prices push retail inflation above target, the RBI holds steady on rates, wagering that commodity shocks won't trigger wage-setting behaviour.

Sagari Gupta

August 14, 2026 at 7:20 AM IST

Istock.com

India’s July trade gap widens as electronics, oil imports drive surge

BasisPoint Insight

August 13, 2026 at 11:54 AM IST

Yen Intervention Raises Spectre of a Plaza Accord Remake

Coordinated yen intervention may check Japan’s currency slide, but a carry-trade unwind could amplify volatility across stretched global markets.

Sanjay Mansabdar

August 3, 2026 at 4:22 AM IST

Istock.com

Unlocking India's Idle Gold: How to Turn Household Wealth into Productive Capital

Indians love their gold, but the current account deficit does not. It is time for policymakers to look beyond asking Indians to postpone gold purchases and actively put this dormant wealth to active use.

K. S Sujit

Sachin Pande

July 31, 2026 at 4:30 AM IST

Istock.com

Tata Capital Buys Kerala Gold Lender as Household Leverage Climbs

Gold loans now rival mortgages in India’s retail credit. Tata Capital’s Yogakshemam deal shows how NBFCs are repositioning for yield under tighter RBI rules.

Krishnadevan V

July 20, 2026 at 7:38 AM IST

istock.com

America's AI Infrastructure Bet Is Rewriting the Global Economy

America's AI data centre boom is lifting growth, strengthening the dollar and offering India a blueprint for attracting investment and building digital infrastructure.

Nilanjan Banik

July 14, 2026 at 5:57 AM IST

istock.com

India–UK CETA: Mapping UK's Export Winners

For the UK, the largest commercial gains are likely to come not from mass-market consumer goods but from silver, aerospace equipment, premium vehicles and high-end spirits. in

Ajay Srivastava

July 13, 2026 at 9:24 AM IST

Istock.com

Silver Imports Plunge After Duty Hike and Import Restrictions: GTRI

BasisPoint Insight

June 17, 2026 at 10:28 AM IST

India’s Silver Import Curbs Aim to Plug UAE Duty Arbitrage

Under the India-UAE CEPA, which came into force on May 1, 2022, India agreed to gradually reduce tariffs on silver imports from the UAE from 10% to zero over a ten-year period ending in 2031.

Ajay Srivastava

May 17, 2026 at 6:14 AM IST

iStock.com

Govt Imposes Fresh Curbs on Gold Imports Under Advance Authorisation Scheme

Duty-free gold imports now face a 100-kg cap, mandatory inspections, export-linked approvals and tighter reporting requirements.

BasisPoint Insight

May 14, 2026 at 3:08 PM IST

Gold, the Rupee and India’s External Sector Déjà Vu

As balance-of-payments pressures intensify and the rupee weakens, policymakers once again appear to be searching for the easiest pressure valve without paralysing the productive economy.

Arvind Mayaram

May 14, 2026 at 2:58 PM IST

iStock.com

India's Precious Metals Duty Hike Widens Dubai Arbitrage

The concessional tariff on silver imports from the UAE currently stands at 7%. With India now raising the general tariff to 15%, the duty gap has widened to 8 percentage points, creating a major arbitrage opportunity for imports routed through Dubai.

Ajay Srivastava

May 13, 2026 at 5:38 AM IST

iStock.com

Govt Raises Gold Import Duty Amid Oil Shock, Forex Concerns

Government raises import duties on gold and silver to curb non-essential imports, protect forex reserves, and contain external pressures from rising crude prices.

BasisPoint Insight

May 13, 2026 at 1:54 AM IST

iStock.com/D. Talukdar

India's Gold Addiction Is Bleeding Its Foreign Exchange Dry

India imports billions in gold while hundreds of millions go hungry. The policy contradictions demand scrutiny, and the exchequer is paying the price.

G. Chandrashekhar

April 28, 2026 at 5:29 AM IST

iStock.com/D. Talukdar

Taking Stock of the Rupee in an Uncertain World

As the RBI enables a calibrated real depreciation of the rupee, it is signalling readiness to deploy instruments across markets to preserve stability.

Michael Debabrata Patra

April 6, 2026 at 1:59 AM IST

iStock.com

When Gold ETFs Stop Being Gold

Gold ETFs promise price efficiency, but persistent gaps between NAV and market price reveal structural limits in India’s market, where weak arbitrage and retail flows distort pricing.

R. Gurumurthy

March 25, 2026 at 3:00 PM IST

More Reserves Won’t Buy Stability Without Credibility

Rising FX reserves have not guaranteed currency stability. Markets respond more to central bank credibility, signalling and policy clarity than to sheer reserve size.

V Thiagarajan

March 24, 2026 at 7:02 AM IST

iStock.com

Be Wary of Gold Price Correction

Gold’s rally, inflated by a $700–1000 war risk premium, is colliding with rising yields, a stronger dollar and weak demand, raising the risk of a deeper correction.

G. Chandrashekhar

March 24, 2026 at 3:24 AM IST

iStock.com/rvimages

Gold in Equity Funds Risks Expanding India’s Import Burden

Allowing equity mutual funds to invest in gold may aid diversification, yet in an import-dependent economy, it could quietly expand demand and pressure the external balance.

R. Gurumurthy

March 4, 2026 at 11:22 AM IST

Gold, Silver ETFs Dominate January MF Flows as Equity Inflows Ease

Gold and silver ETFs led mutual fund inflows in January overtakes equity flows as rising precious metal prices and global uncertainty pushed investors toward diversification.

BasisPoint Insight

February 10, 2026 at 7:36 AM IST

stock/Andy

India, the World’s Largest Silver Importer, Must not Ignore Processing

India should recognise silver as a critical industrial and energy-transition metal, not merely a precious commodity, and integrate it into its minerals and clean-energy strategy.

Ajay Srivastava

January 7, 2026 at 8:51 AM IST

iStock.com

Briefing

Myth of Currency Debasement

Markets often mistake monetary flexibility for monetary decay. The greater risk lies in misreading cycles as signs of systemic erosion.

V Thiagarajan

October 12, 2025 at 4:16 PM IST

Week in Numbers – Tracking India’s Economic Pulse

There are early signs that the GST rate cuts are beginning to filter through the system. E-way bills in September and automobile sales during the Navaratri week indicate a promising start.

Datametricx

October 12, 2025 at 2:17 PM IST

The Bureau

Market Wrap: Stock Indices Fall as HDFC Bank, Metals Drag; Rupee, Bonds Weaken

POLL: India April-June GDP growth seen around 7.4%, SBI most bullish at 8%

India April-June GDP Growth Seen at 7.5%, Above RBI View: Barclays

US targets Economic Blockade of Iran as Military Campaign Reaches Stalemate

UPI & RuPay Payments May Soon Cost You: — Here’s What Could Change

The Foster Mother of Lodhi Garden