Tuesday, August 11
GlobalData, an intelligence and productivity platform, forecasts gold to touch Rs 1,75,000–Rs 1,95,000 per 10 grams by end-2026, reflecting global pricing and INR-USD dynamics. For silver, it forecasts Rs 3,80,000–Rs 4,60,000 per kg by end-2026, with domestic prices likely to remain highly sensitive to volatility in global silver markets and currency moves.Gold and silver prices have surpassed the targets outlined in GlobalData’s previous outlook, prompting an upward revision to its forecasts as geopolitical uncertainty and continued investor demand keep the precious metals complex well supported. GlobalData, an intelligence and productivity platform, now expects gold to rise 30%–45% from current levels to $6,100–$6,700, while silver is projected to jump 87%–135% to $175–$220
Singapore: Indian refiners are redrawing crude import strategies to shift away from top supplier Russia and boost imports from the Middle East, a move that could help New Delhi clinch a trade deal with the United States to lower tariffs.India became the top buyer of discounted Russian seaborne crude after the 2022 outbreak of war in Ukraine, but the trade drew backlash from Western nations targeting Russia's energy sector with sanctions, saying oil revenues help it fund the war.The shift away from Russia comes as Middle East producers, armed with higher output quotas from the Organization of the Petroleum Exporting Countries, are keeping global markets well-supplied, softening the impact on prices.INDIA REFINERS SCALE BACK RUSSIAN BUYSIndian refiners have begun scaling back Rus
