TC Mathew

Excitement in the US markets contrasts with uncertainty in India, as retail inflation nears 7%, company profits decline, crude and gold prices fall, while cryptocurrencies boom.

In global markets, gold prices fell to $2,670 per ounce, while in Kerala, the price of gold jewellery dropped by Rs 440 to Rs 57,760.

Inflation is rising, company profits are falling, crude oil and gold prices are down, while Bitcoin surges past $81,000, signalling key market shifts.

Gold prices dropped to $2,695 per ounce, compared to $2,707 yesterday, where in Kerala, jewellery prices rose by Rs 680 to Rs 58,280.

Gold rebounds after Trump’s victory as the dollar rally ends and the US Fed cuts interest rates, allowing the dollar to weaken and gold to rise.

The gold is trading at $2,659 per ounce in the global market, whereas, in Kerala, the price of gold jewellery fell by Rs 1,320 to Rs 57,600.

Optimism grows in India over US trade ties, with the market's future relying on foreign investment trends; gold prices rose in Kerala, but a further global decline is expected.

There’s speculation that Trump may impose heavy tariffs on Chinese products, which could boost exports from India and also expecting more companies will shift their operations from China to India.

Nvidia, which makes AI chips and graphic processors, became the most valuable company again, overtaking Apple for the third time this year

The Indian rupee remained largely unchanged against the dollar, opening at Rs 84.12, whereas in the global commodities market, gold prices dropped to $2,732