Gold

India Today's investigative broadcast reveals Operation Smog Syndicate, exposing how banned BS4 diesel buses evade Graded Response Action Plan curbs in Delhi and Uttar Pradesh through systemic bribery of transport officials and police.

Indian equity markets started Samvat 2083 positively with gains in banking stocks, a stronger rupee, and rising gold and silver prices after Diwali. Internationally, NVIDIA initiated an investigation into CEO allegations, while NSE chief expects global capital to return as AI investments cool.

In a Diwali special episode of Unpolitics, astrologer Astro Sharmistha shares key political and socio-economic predictions for India and the world.

A senior citizen was robbed at knifepoint right outside her apartment inside a residential building complex in Mumbai. The incident, captured on CCTV, occurred when an unidentified man approached the elderly woman under the pretext of asking for directions and an address. As the woman attempted to assist him, the stranger suddenly grabbed her by the neck and robbed her gold chain at knifepoint before fleeing. The incident highlights rising safety concerns and underscores the need for stringent security protocols, particularly for elderly citizens living alone in residential complexes.

On the final trading session of Samvat 2082, Indian benchmark equity indices surged to end at session highs, with the Nifty reclaiming the 25,000 mark and the Sensex crossing 80,000 points. Meanwhile, bullion prices experienced notable corrections on Dhanteras, triggering heavy consumer buying across retail jewellery hubs like Mumbai's Zaveri Bazaar. Market analysts Gaurang Shah of Geojit Investments and Naveen Mathur of Anand Rathi evaluated investment strategies for the upcoming Samvat 2083, advising staggered investments into equities and precious metals to balance risk. Renowned global investor Jim Rogers reiterated his long-term bullish stance on gold and silver, stating that he will never sell his holdings and highlighting recent price dips in silver as attractive entry points. In the corporate sector, Mahindra and Mahindra revised its domestic tractor industry volume guidance to flat for the financial year following deficient monsoon rainfall, low reservoir levels, and drought conditions in key agricultural regions.

Speaking from Mumbai's Zaveri Bazaar on Dhanteras, jeweller Kumar Jain observed steady consumer interest despite elevated gold prices. Jain noted that rates rose from 1,31,000 to 1,49,000, with buyers anticipating further increases. While purchases are being made in smaller quantities, overall customer footfall increased compared to the previous year, prompting shops to open as early as 9:00 AM. Jain noted that buyers continue purchasing coins and ornaments for puja due to sentimental value, alongside advance bookings.

A shocking chain snatching incident targeting an elderly woman was caught on CCTV camera inside a housing society in Mumbai's Kandivali West. The accused approached the woman at Umang Apartments under the pretext of asking for an address directions. As the elderly resident guided him toward the upstairs floor, the man turned around, attacked her, snatched her gold chain, and fled the building while the woman shouted for help. A police probe has been initiated into the robbery.

Indian equities witnessed volatile movements around Dhanteras as market analysts projected a confirmed uptrend leading into the next Samvat year. Key macroeconomic factors, including cooling crude oil prices, sharp corrections in gold and silver, and stabilizing foreign institutional investor flows, were highlighted as supportive elements for domestic sentiment. Gold prices dropped on the MCX, while silver extended its decline, prompting expectations of a revival in physical and exchange-traded fund demand with long-term compound annual growth forecasts. Meanwhile, retail automobile sales for October logged a notable decline year-on-year across passenger cars and two-wheelers, driven by the elevated base of the previous festive season. On the global front, discussions centered on the impact of the US election mandate, with observations on how congressional leverage through legislative oversight and appropriations could potentially push back against arbitrary tariffs and reshape trade and foreign policy dynamics.

Indian equity markets marked a historic milestone as the total market capitalisation of BSE-listed companies crossed the 500 lakh crore rupees mark. The Sensex rallied 2,100 points, extending its winning streak to six sessions, while the Nifty climbed back above the 24,540 mark led by strong gains across financial services, automobiles, and real estate sectors. Meanwhile, corporate developments saw internal friction at Sir Dorabji Tata Trust as former trustee Mally Mistry challenged his removal, raising governance concerns against Venu Srinivasan. Cybersecurity agency CERT-In also flagged high-severity vulnerabilities in Tata Motors' connected car applications, prompting the automaker to roll out necessary software patches. In commodity markets, gold and silver traded significantly lower ahead of Dhanteras following sharp corrections from their January peaks, while Adani Ports announced the acquisition of European liquid storage firm EVOS BV for an enterprise value of 2.56 billion euros.

Indian equity benchmarks surged at the opening bell, tracking a sharp tech-led rally in US markets following midterm election results. The Nifty opened higher above the 24,300 mark, supported by gains in banking, financial services, auto, and IT stocks, alongside an easing in crude oil prices and a stronger Indian rupee against the dollar. Bullion prices also saw gains ahead of Dhanteras and Diwali. In regulatory developments, the Securities and Exchange Board of India announced relaxed Know Your Customer norms for Non-Resident Indians, Overseas Citizens of India, and eligible foreign nationals from Financial Action Task Force-compliant nations, enabling completely digital onboarding with video-based verification from 3 December. Meanwhile, the Food Safety and Standards Authority of India accused prominent energy drink brands, including PepsiCo and Monster, of misleading consumers over high levels of caffeine, sugar, and taurine.

Indian financial markets witnessed strong positive movement, with the benchmark index crossing the 23,900 level driven by broad-based sectoral buying across FMCG, banking, and healthcare counters. The domestic currency opened eighteen paise stronger at 94.56 against the US dollar, while precious metals slipped ahead of the festive season. At the same time, shifting political dynamics in the United States following the midterm elections indicated potential legislative gridlock, heightened regulatory oversight on key sectors, and ongoing scrutiny over trade tariffs and foreign policy matters. Market discussions also tracked global crude price movements tied to geopolitical tensions in the Middle East, foreign institutional investment flows, and international telecom expansion plans involving broadband technology licensing.

Indian equity markets opened higher with the Nifty crossing the 23,550 mark, supported by gains in IT, banking, and FMCG stocks. The Indian rupee opened stronger at 94.66 per dollar, gaining 24 paise. Meanwhile, gold and silver prices slid ahead of Dhanteras and Diwali, with MCX silver falling below 1.8 lakh rupees. Crude oil dropped overnight, easing pressure on the domestic economy amid ongoing geopolitical tensions and the US midterm elections. Adani Group announced plans to borrow 1.5 billion dollars via AdaniConnex as part of a 100 billion dollar investment in data centers by 2035. Corporate earnings remained in focus, with ITC posting a drop in profitability amid lower cigarette EBITDA, while Marico reported a 29 percent rise in net profit. Additionally, restaurants in Bengaluru, Mumbai, and Pune prepare for menu price hikes of 10 to 15 percent due to rising milk and commercial LPG costs. Sun Pharma recorded 11 percent revenue growth in the first half of the fiscal year.

Reports indicate that the Securities and Exchange Board of India has recommended scrapping the 12.5% long-term capital gains tax for foreign investors to encourage equity inflows and counter recent capital outflows. SEBI has also proposed tax relief for domestic mutual fund investors switching schemes after holding units for over a year. Meanwhile, Indian equity benchmarks witnessed a sharp rally, led by Reliance Industries surging over 9% and adding more than 1.2 lakh crore rupees to its market capitalization following strong quarterly earnings. Automobile manufacturers, including Maruti Suzuki and Hyundai, recorded robust October monthly sales, boosting sectoral stocks ahead of Dhanteras and Diwali. In commodities, gold and silver saw price corrections amid shifting demand. Separately, the Central Drugs Standard Control Organisation canceled the import registration for South Korean cosmetic brand FatX over misleading therapeutic claims, intensifying scrutiny across imported beauty products.

Indian benchmark equity indices closed higher on Friday, with the Nifty closing above 23,000 and the Sensex trading near 74,500 despite crude oil prices crossing 118 dollars a barrel. IT and pharma stocks led the gains, while mid and small caps faced selling pressure. Other major domestic developments included the Cabinet Committee on Security clearing an over 40,000 crore rupee project for eight next-generation stealth corvettes to be constructed by GRSE and Goa Shipyard Limited with more than 70 percent indigenous content. Additionally, Finance Minister Nirmala Sitharaman defended the IDBI Bank stake sale, highlighting previous recapitalization efforts, and Walmart initiated an internal investigation into alleged kickbacks at Flipkart. Market experts discussed corporate earnings, rising crude prices, aviation challenges faced by IndiGo, and investment outlooks for Samvat 2083 across equities, fixed income, and gold.

At the India Today HealthWealth Summit, Asian Games gold medallists Raj Rani and Nikita Kumari revealed how traditional Indian food, from dal, roti and desi ghee to protein-rich meals, fits into an athlete's diet. Golfer Arjun Bhati highlighted the importance of meeting individual nutritional needs and explained why mental preparation is just as important as physical training.

Indian equity benchmark Nifty opened lower near 22,705 amid the monthly options expiry, with Nifty Bank also trading flat with a negative bias. IT and FMCG stocks experienced downward pressure, while small caps, PSU banks, and pharma shares gained ground. The Indian rupee opened slightly stronger at 95.17 per dollar. Globally, Claude maker Anthropic filed to go public on the NASDAQ under ticker ANT at a potential valuation of up to 2 trillion dollars, while reporting an 81 billion dollar first-half net loss. Anthropic devoted over 90 pages of its prospectus to warning that advanced AI systems could manipulate humans, resist shutdowns, and circumvent safeguards. Speaking on the broadcast, market analyst Dharmesh Kant assessed the AI boom and advised a gradual recovery strategy for domestic markets. In corporate developments, Hyundai India outlined plans for 50 percent alternative powertrains by 2030, while Tata Motors' takeover bid for Italian truckmaker Iveco cleared an 80 percent threshold.

Indian equity markets started on a weak note with the Nifty breaching the key 22,500 support level and slipping towards 22,400. In currency and commodity trade, the Indian rupee opened stable at 94.93 per dollar, while MCX Silver jumped 1,300 rupees to 1.97 lakh rupees per kilogram and MCX Gold climbed 500 rupees to 1.42 lakh rupees per 10 grams. IT major Infosys faced selling pressure, dropping over two percent after lowering its guidance following Q2 numbers. Market analyst Avinash Gorakshakar advised avoiding crude-sensitive sectors such as oil marketing, paints, and chemicals amid elevated oil prices, while recommending defensive plays in hospitality, healthcare, and selective private banks. Meanwhile, Mumbai's aviation operations prepare for a significant transition, with airlines IndiGo and Air India Express scheduling phased shifts of domestic and Middle East international flights to the upcoming Navi Mumbai International Airport ahead of Terminal 1 redevelopment.

On The Business Today Show, anchor Sakshi Batra highlights major market movements, corporate developments, and cybersecurity threats. Benchmark indices fell amid escalating West Asia tensions, with crude surging past 112 dollars per barrel and Nifty closing at 22,687. Meanwhile, Jio Platforms IPO saw strong demand, gold and silver prices cooled, and the Centre weighed raising the FY28 fertilizer subsidy. In an exclusive conversation with India Today, US Secretary of State Marco Rubio discussed the progress of bilateral trade talks with India. Addressing negotiations on competitive tariff advantages and trade continuity, Rubio stated that both nations are very close to sealing an agreement, with only a small number of items left to negotiate. He emphasized that the trade pact aims to provide certainty and predictability for businesses and investors, ensuring long-term commercial governance and mutual benefits for both nations.

US Secretary of State Marco Rubio visited Reliance Industries' Jamnagar refinery complex, where he was hosted by Mukesh Ambani and Anant Ambani. The visit occurred as global crude oil surpassed 110 dollars per barrel and ahead of a planned US visit by Prime Minister Narendra Modi. Meanwhile, Indian markets experienced significant pressure, with the Nifty falling below the 22,600 mark amid broad-based selling across sectoral indices, led by metals and autos, while India VIX gained over 5 percent. In corporate news, HDFC Bank initiated an internal investigation into two senior executives regarding an alleged leak of confidential business strategies, confirming the review via an official statement. Additionally, Jio Platforms' initial public offering saw robust demand, crossing full subscription within 100 minutes of opening. Geojit Investments Senior Vice President Gaurang Shah shared his market outlook, discussing earnings and recommending a subscribe rating on the Jio Platforms IPO for long-term investors.

A security alert was triggered at Delhi's Jama Masjid Metro Station after CISF personnel intercepted a passenger carrying 155 grams of a suspected gold powder-like substance. The passenger, identified as Mohammad Shoaib, attempted to flee up the stairs when called for physical frisking following an X-ray scan. Alert CISF personnel chased and apprehended him near the gate. A subsequent search revealed the semi-solid material concealed inside a specially stitched section of his undergarments and backpack. The passenger, who claimed to be an NRI residing in Malaysia, failed to produce valid documentation or explanations for the substance. He was handed over to Delhi Police after narcotics testing returned negative and Customs cited jurisdictional limitations.