gold reserves

India's foreign exchange reserves rebounded by $938 million to $682.321 billion in the week ending May 28, reversing the previous week's decline. This rise was primarily driven by an increase in foreign currency assets, despite a dip in gold reserves. The overall reserves had previously fallen due to Middle East conflict-related interventions.

To limit the impact of these external shocks, the government has stepped up measures aimed at reducing foreign exchange outflows and stabilising the economy. These steps include increases in fuel prices and a sharp rise in import duties on precious metals.

Gold price prediction today: Gold prices continue to be volatile amid geopolitical developments, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.

Despite a lower import volume of 721 tonnes compared with the previous year, India's gold import bill rose 24% to a record $71.9 billion in 2025-26.

India's foreign exchange reserves dropped by $7.511 billion to $681.384 billion in the week ending May 22, marking a second consecutive weekly decline. This decrease follows a significant fall in the previous week, with the reserves now under pressure due to the Middle East conflict and RBI's currency market interventions.

Gold price prediction today: While gold and silver prices are seeing some weakness, in the domestic market gold has managed to exhibit some resilience, says Vedika Narvekar, Research Analyst - Commodities & Currencies, Anand Rathi Shares and Stock Brokers.

Jharkhand Chief Minister Hemant Soren has ordered a crackdown on illegal mining, citing revenue losses and environmental concerns. He also pushed for resuming non-operational mines, including coal blocks, and boosting gold production. Soren emphasized quality and timely completion for government infrastructure projects, exploring coal-based energy for hostels due to LPG issues.

Gold price prediction today: Gold prices continue to be under pressure as crude oil prices remain high, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.

Sovereign Gold Bond (SGB) investors who purchased bonds between 2019 and 2021 can now apply for premature redemption in June 2026. The Reserve Bank of India has opened redemption windows for five specific bond tranches, requiring investors to submit requests within strict timelines to avoid rejection.

A missing person case in Tumakuru has revealed a shocking murder. DNA profiling confirmed a charred body found in a forest was that of 26-year-old Shwetha B. Police arrested 55-year-old farmer Bhanuprakash, who was in an extramarital affair with Shwetha. Driven by jealousy, he lured her to the forest, smothered her, and set her ablaze to conceal the crime.

Gold prices face a mixed outlook this week, influenced by US-Iran peace talks, oil market shifts, and crucial US economic data. Federal Reserve officials' speeches will also guide interest rate expectations, impacting bullion's near-term trajectory. Analysts suggest a sideways to corrective momentum for precious metals, with progress in peace discussions potentially easing safe-haven demand.

Gold price prediction today: Given the geopolitical tensions and a possible change in the US Federal Reserve’s stance, gold prices are likely to see limited upside in the near term, says Vedika Narvekar, Research Analyst - Commodities & Currencies, Anand Rathi Shares and Stock Brokers.

India's economic outlook is darkening due to rising oil prices, fertilizer costs, and supply disruptions from the Iran conflict. Economists warn of escalating inflation, slower growth, and strained government finances. The nation, heavily reliant on oil imports, faces significant economic challenges as global energy prices surge, impacting its balance of payments and fiscal health.

Mark Cuban, a former crypto evangelist, has sold most of his Bitcoin, stating it failed as a hedge against global turmoil. He found gold performed better during geopolitical events, questioning Bitcoin's role. Cuban also shared advice on AI use for students, emphasizing critical thinking over reliance.

Short-term global economic shocks, like the ongoing Middle East conflict, have the potential to temporarily slow the growth story - a fact that cannot be ignored if India hopes to be among the top three world economies in the coming years.

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Gold prices are expected to remain steady this week, influenced by US-Iran talks and upcoming US economic data. Silver, however, may continue to outperform due to geopolitical tensions and high crude oil prices. Investors await signals on the Federal Reserve's next policy move amidst shifting statements from Washington and Tehran.

The government has firmly refuted widespread rumors about a plan to monetize gold held by temples and religious institutions. Asserting that such claims are "completely false" and "without any basis," officials clarified that no scheme is being prepared to convert temple gold into bonds or designate it as "Strategic gold reserves.

Gold price prediction today: Gold prices may gain if oil prices fall, but the rise is likely to be capped, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.

In a groundbreaking move, Archana Gupta, a seasoned radiologist, has taken the helm as the Haryana BJP chief, marking a historic moment as only the second woman to embrace this role in over 40 years.