Indian banks resume gold and silver imports after paying a 3% tax, sources say
The resumption of gold and silver imports by Indian banks, now subject to a 3% tax, indicates a tightening market dynamic in India’s precious metals sector.
China has reportedly raised fuel surcharge for domestic flight from May 16th
US President Trump to confront Chinese President Xi at the upcoming summit over China's backing of Iran and Russia, Fox News reports
Indian banks resume gold and silver imports after paying a 3% tax, sources say
UK PM Starmer reportedly tells Cabinet that he will not be setting out a timetable for departure
[MARKET ANALYSIS] DXY is firmer, buoyed by geopols; GBP underperforms amidst political unrest; JPY on intervention watch
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
This move could lead to increased demand for these metals, potentially impacting their prices globally as India is one of the largest consumers. Traders should also watch for related effects on the Indian rupee and broader commodity market interactions.
Related headlines
- Newsqawk European Market Wrap - 9th September 202644 min ago
- Newsquawk Daily European Equity Opening News - 9th September 20268 hours ago
- [MARKET ANALYSIS] Brent briefly tops USD 100/bbl as Middle Eastern tensions remain heightened5 hours ago
- US EQUITY OPEN: Indices in the red as US/Iran tensions escalate 57 min ago
- Russian Kremlin spokesperson Peskov says Presidents Putin and Trump did not discuss the possibility of holding a new meeting at APEC, but there is an understanding that such a meeting could take place, Interfax reports2 hours ago
- Silver Lake is reportedly to merge Cegid and Silae to form a European Co. selling accounting, HR and enterprise services, FT reports citing sources4 hours ago
- [MARKET ANALYSIS] JPY continues to gain after daring commentary from US Treasury Sec. Bessent5 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed with the region partially shrugging off the weak US lead following a fresh exchange of US-Iran strikes and escalation in the US-Canada trade war11 hours ago
- [MARKET ANALYSIS] DXY is little changed ahead of inflation data later in the week and despite the US announcing an import ban on some Canadian goods as trade war escalates11 hours ago
- [MARKET ANALYSIS] T-note futures are little changed after yesterday's indecisive mood and with key inflation data due later this week12 hours ago
- [MARKET ANALYSIS] Oil prices are underpinned after US and Iran conducted a fresh round of retaliatory strikes12 hours ago
- PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Samsung Electronics (005930 KS)** - Co. opened an AI chip R&D hub in Yokohama to collaborate with Japanese companies on advanced semiconductor packaging14 hours ago
- US senior Trump administration official says President Trump approved series of proclamations on Canada trade measures, with ban on dairy, most alcohol and motorcycle imports from Canada under Section 338 with restrictions effective in about 3 weeks15 hours ago
- Newsquawk Daily Asia-Pac Opening News - 9th September 202616 hours ago
- US Treasury Secretary Bessent says markets are not efficient and are run by humans, who make mistakes, adds the treasuries narrative in August was that the sky is falling and the narrative was absurd17 hours ago
- US Market Wrap: Stocks fall and crude gains amid escalating geopolitics 18 hours ago
- US FX WRAP: Dollar little changed as markets await US CPI/PPI19 hours ago
- CRUDE WRAP: WTI (V6) SETTLES USD 1.55 HIGHER AT USD 93.03/BBL20 hours ago
- Japanese PM Takaichi says Japan will strengthen and diversify energy supplies, including oil, while boosting cooperation on critical minerals and supply-chain resilience with the US, Australia and other partners6 hours ago
- Japanese Machine Tool Orders (Aug YY) 64.7% (Prev. 50.4%)8 hours ago
The whole workspace, free to try.
Try it free