gold bars

Prime Minister Modi urged Indians to halt gold purchases for a year to protect foreign exchange reserves, a call supported by GTRI which highlighted a surge in gold imports straining the trade balance. Union Minister Ashwini Vaishnaw echoed the appeal, emphasizing reduced import spending amid Middle East conflict, leading to a sell-off in jewellery stocks.

The move to up the gold import duty comes days after PM Narendra Modi appeals to citizens to avoid unnecessary gold purchases for a year. But is a hike in duties an effective way to curb consumption? We take a look:

India has significantly increased import tariffs on gold and silver to 15% from 6% to curb imports and protect foreign exchange reserves. This move follows Prime Minister Modi's appeal for citizens to avoid gold purchases for a year, aiming to narrow the trade deficit and support the rupee amid global economic pressures.

While Cannes 2026 showcases modern fashion, Bollywood enthusiasts recall an era of elaborate, handcrafted costumes. Iconic looks like Madhubala's Anarkali in 'Mughal-e-Azam' and Madhuri Dixit's 10kg lehenga in 'Devdas' exemplify this golden age of cinematic artistry. These ensembles, rich with embroidery and embellishments, became characters themselves, leaving a lasting legacy.

The Delhi High Court made a significant ruling asserting that ridiculing a wife regarding her 'small car' and 'meager gold' as dowry is tantamount to cruelty. This decision modified an earlier court's findings, allowing for the continuation of cruelty charges under Section 498A of the IPC against the husband.

Gold price prediction today: Any upside in gold and silver prices may face resistance at higher levels, says Vedika Narvekar, Research Analyst - Commodities & Currencies, Anand Rathi Shares and Stock Brokers.

India holds one of the world’s largest privately owned stocks of gold. Bullion exchanges can be a strong pillar to invite that gold sitting idle in cupboards.

Fuel, gold, edible oil, foreign travel, and fertilisers — how much do they cost India, and how much do they matter right now?

In a bold move toward revitalizing national pride, Burkina Faso's ruling junta is championing a nationalist movement that mandates the play of local music in entertainment venues and promotes the purchase of homegrown products.

Amir Khusro, a 13th-century poet, remains a vibrant cultural force in India, celebrated for his qawwalis and riddles. While a famous couplet praising India as paradise is widely attributed to him, historical evidence points to other claimants. Khusro's deep love for India, evident in his writings, fuels this enduring legacy.

Former Minnesota Vikings tight end Joe Senser has passed away at 69. Senser, a Pro Bowler and the only Vikings tight end to achieve over 1,000 receiving yards in a season, died on May 7th. The cause of death remains unknown, though he had been dealing with the aftermath of a severe stroke suffered in 2016.

May 8 Is Celebrated As The World Red Cross Day

Baranica Elangovan of Tamil Nadu set a new national pole vault record of 4.23m at the Indian Indoor Open competition. She improved her previous mark by 0.01m, expressing satisfaction with her performance despite failing to clear 4.30m. Her coach is now focusing on upcoming national events and technical improvements for the Asian Games.

The Indian rupee is facing significant pressure, weakening against the US dollar due to soaring crude oil prices driven by Middle East geopolitical tensions and persistent foreign fund outflows. Despite India's robust economic growth, the currency's slide continues as the Reserve Bank of India intervenes to curb volatility rather than target a specific exchange rate.

In a shocking turn of events in Biharsharif, Nalanda, a group of five to six masked intruders stormed a home, holding a woman at gunpoint during a terrifying robbery. For twenty harrowing minutes, they ransacked the premises, making off with cash and valuables estimated at around Rs 5 lakh.

After a grueling 16-year quest, Mel Fisher's relentless pursuit culminated in the monumental 1985 discovery of the Spanish galleon Atocha. Beneath the Florida Keys' treacherous waters, his team unearthed a "silver reef" of immense value, estimated at $400 million. This find, rich with emeralds, gold, and coins, redefined maritime history and underscored the power of unwavering perseverance.

Forty boxers' dreams of competing in the Commonwealth and Asian Games are in jeopardy due to a dispute between the Sports Authority of India and the Boxing Federation of India. SAI refuses to recognize the COAS Cup as a valid selection event, citing its 'closed-door' nature. This decision could bar medalists from crucial trials, impacting their international aspirations.