Friday, March 20
New Delhi: India and the US achieved a major diplomatic breakthrough after months of tension and tough talk as they reached a trade deal, with US President Donald Trump slashing tariffs to 18%, from 25%, following a phone call with Prime Minister Narendra Modi late on Monday. The additional penal levy of 25% that had been imposed on India for buying Russian oil has also being dropped. Trump said Modi had agreed to stop buying Russian oil.The announcement signalled a thaw in India-US ties, which had been marred by tariffs imposed by Trump. The US is India's top export destination, accounting for 20% of the merchandise leaving her shores. 127874376 127874380New Delhi and Washington had been working on a bilateral trade agreement (BTA) since February last year, eyeing $500 billion i
Gold and silver extended their slide for a third consecutive session on February 2, while commodity-based ETFs fell up to 20%. The decline came after both metals dropped from recent record highs, as investors booked profits and traders unwound positions, triggering broad selling across the market.MCX Silver futures for March 5, 2026, were down Rs 10,000, or 3.7%, to Rs 2,55,652 per 10 grams. Meanwhile, gold futures for April 2, 2026, delivery edged lower by Rs 4,252, or 3%, to Rs 1,43,501 per 10 grams.In the previous session, MCX Silver futures declined Rs 26,273, or 9%, to close at Rs 2,65,652 per 10 grams, while gold April futures slipped 3%, or Rs 4,592, to Rs 1,47,753 per 10 grams.Also Read | Union Budget 2026: FM plans FEMA overhaul, introduces total return swaps for corporate bondsGo
