New Delhi: Gold prices remained flat at Rs 74,150 per 10 grams in the national capital on Wednesday, according to the All India Sarafa Association. The yellow metal of 99.9 per cent purity had jumped Rs 1,400 to settle at Rs 74,150 per 10 grams in the previous session on Tuesday. However, silver prices declined […]

New Delhi: The new norms for permissible wastage amount for gold, silver and platinum content in jewellery exports will now be in abeyance till August 31, 2024, according to DGFT. The decision was taken on the request of the Gems and Jewellery Export Promotion Council (GJEPC), DGFT said in a public notice. In May, the […]

Union Finance Minister Nirmala Sitharaman today announced to slash basic customs duty on Gold and Silver. The basic customs duty (BCD) on gold has been reduced to 6% from 10%. The move is likely to ease gold and silver prices in the coming days. “To enhance domestic value addition in gold and precious metal jewellery […]

New Delhi: Trinamool Congress MP Saket Gokhale took to microblogging site X (formerly Twitter) to say that serious concerns have been raised about “a very strange trend” emerging for the last eight months. Divulging details of the matter, in a post titled ‘Is there a HUGE silver scam being carried out through the GIFT city […]

New Delhi: Gold prices rose Rs 100 to Rs 73,410 per 10 grams in the national capital on Monday in line with strong global trend, according to HDFC Securities. The precious metal closed at Rs 73,310 per 10 grams in the previous session. Silver prices also rallied Rs 870 to Rs 94,270 per kg. It […]

New Delhi: Gold prices climbed Rs 250 to Rs 72,200 per 10 grams in the national capital on Wednesday amid strong global trends, according to HDFC Securities. In the previous session, the precious metal had closed at Rs 71,950 per 10 grams. Silver prices also bounced by Rs 800 to Rs 91,500 per kg. It […]

New Delhi: Gold prices remained flat at Rs 71,800 per 10 grams in the national capital on Monday. According to Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, gold traded flat on Monday, after Comex spot gold declined as much as 3.45 per cent on Friday, the most since August 2021. However, silver prices […]

“The BRICS New Development Bank is fighting for survival, threatened by its own reliance on the U.S. currency” https://www.wsj.com/articles/a-bank-china-backed-to-challenge-the-dollar-now-needs-the-dollar-d9dc27ee https://markets.businessinsider.com/news/currencies/de-dollarization-renminbi-dollar-vs-yuan-takeover-china-russia-usd-2023-4?amp&amp_js_v=0.1&usqp=mq331AQIUAKwASCAAgM= https://www.reuters.com/world/india/rupee-rise-after-dollars-biggest-fall-over-three-months-2023-06-16/ https://www.reuters.com/world/india/rupee-gains-sub-82dollar-bets-less-aggressive-fed-2023-06-16/ https://fred.stlouisfed.org/series/FDHBFIN Join this channel to get access to perks: https://www.youtube.com/channel/UCkB8eF4ATHl4Jm1BeCZgQ9A/join uneducatedeconomist.com uneducatedeconomist@gmail.com real mail P.O. 731 Astoria , OR 97103 Instagram uneducated.economist patreon https://www.patreon.com/UneducatedEconomist Want to buy me a coffee https://www.paypal.me/meatbingo https://cash.app/$bingo503 https://venmo.com/code?user_id=2113515942838272087 […]

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Lumber mills are in curtailment and pulling hundreds of millions of board feet out of production and the prices continue to fall. https://www.cnbc.com/quotes/@LB.1 https://www.businessinsider.com/chinese-supply-chains-moving-companies-outside-mainland-2023-4 https://www.castanet.net/news/Vernon/421786/Layoffs-issued-as-Tolko-cuts-shifts-in-Armstrong-Williams-Lake https://www.lesprom.com/en/news/Imports_of_softwood_lumber_to_China_increase_31_in_March_107399/ https://invezz.com/news/2023/04/25/1224306lumber-prices-forecast-stuck-in-a-range-as-signs-of-bottoming-emerge/ https://www.cnn.com/2023/04/25/business/3m-layoffs/index.html Join this channel to get access to perks: https://www.youtube.com/channel/UCkB8eF4ATHl4Jm1BeCZgQ9A/join uneducatedeconomist.com uneducatedeconomist@gmail.com real mail P.O. 731 Astoria , OR 97103 Instagram uneducated.economist patreon https://www.patreon.com/UneducatedEconomist Want to buy me […]

#inflation #deflation #recession The retail apocalypse will continue as the wave of bankruptcies ripples through the economy. Retail dying on the vine https://www.foxbusiness.com/economy/home-depot-ceo-predicts-a-lot-of-bankruptcies-in-us-economy-its-different-than-anything-ive-seen https://news.yahoo.com/walmart-set-close-stores-portland-154823875.html https://www.wsj.com/articles/economists-turn-more-pessimistic-on-inflation-ed2fd667 Some Astonishing Trends in Retail Sales beyond the Month-to-Month Data Noise https://www.bloomberg.com/opinion/articles/2023-04-13/the-dollar-rules-the-world-now-and-for-the-foreseeable-future https://www.marketplace.org/2023/04/14/banks-are-borrowing-less-from-the-federal-reserve/amp/ Join this channel to get access to perks: https://www.youtube.com/channel/UCkB8eF4ATHl4Jm1BeCZgQ9A/join uneducatedeconomist.com uneducatedeconomist@gmail.com real mail P.O. 731 Astoria , […]