The US Fed has kept interest rates unchanged at 3.75%–4%. What does this mean for gold prices in India? Experts share their outlook for the coming months and 2027, explain the risks for investors, and discuss whether jewellery buyers should purchase now or wait for a price correction.

Commodity inflation pushed HUL's EBITDA margin down 134 basis points year on year to 22.4%, a multi-quarter low. The company expects near-term inflation to persist and has guided to a 22%–24% medium-term range.

V-Guard Industries Q2 results: Net profit rises 72.3% to ₹112 crore, revenue grows 38.2% to ₹1,853 crore, and EBITDA margin expands to 9%.

The London Metal Exchange plans to tokenize metal held in its Hong Kong warehouses. The 149-year-old LME, owned by HKEX, aims to turn physical metal stocks into tokens that can back loans. No launch date or blockchain has been named.

Investor Michael Burry warned that Anthropics planned IPO exposes serious vulnerabilities in the AI industry, citing massive infrastructure commitments, slowing growth and mounting costs. The investor, known for predicting the 2008 financial crisis, believes disappointing AI revenues could trigger a significant market correction and capital losses.

The Federal Reserve voted 10 to 2 to keep the federal funds rate at 3.75% to 4% on October 29. Two officials favored a 25 basis point hike, highlighting deeper inflation policy divisions. The Fed said activity remains strong and inflation elevated, so holding rates does not end tightening. Energy prices and AI investment financing costs are key risks for future policy.

Huo Xing Finance reports that market talk emerged after 5:00 a.m. on October 29 indicating Marvell is in advanced talks to acquire Lumentum. A deal could be announced as early as next week, though no final agreement has been reached. On Hyperliquid, Lumentum (LITE) and Marvell (MRVL) moved sharply in opposite directions: LITE jumped more than 20% at its peak, while MRVL fell nearly 11%. Combined trading volume for the two contracts in the first hour after the reports was estimated at about $37.37 million. Reuters, citing Bernstein Analysis, noted that Marvell latest quarterly cash and cash equivalents stood at about $3.92 billion, while Lumentum market capitalization stands at around $83 billion. If the deal proceeds, the large gap in company size could create additional financing needs and integration challenges. TradingBeats monitoring showed onchain contracts turned sharply volatile between 05:04 and 05:05. LITE peaked with a 20.6% gain before retracing part of the move. Its highest trade price reached $1,071.10; latest mark price is $956.03, still up about 7.65% versus the benchmark. Notional open interest rose from about $6.44 million to $9.32 million in the same period, an increase of about 44.6%, while position count rose by roughly 34.4%. MRVL plunged as much as 10.9% before recovering from its low. Its lowest trade price touched $219.13; latest mark price is $230.66, still down about 6.18% versus the benchmark. Notional OI rose from about $9.10 million to $10.06 million, up about 10.6%, while position count increased by roughly 17.9%. Volumes for both contracts surged in the first hour after the news. Between 05:00 and 06:00, LITE volume reached about $15.1 million, 14.6 times the prior hour. MRVL volume hit about $22.27 million, 5.5 times the prior hour. Onchain account activity also showed strategic positioning. Between 05:05 and 05:08, trader 0xd33c closed an existing LITE long, switched to a short position, and at the same time added to a long position in MRVL. As of publication, the account holds about $608,000 in LITE shorts at an average entry price of $1,003.24, with unrealized profit of about $30,200. It also holds about $422,000 in MRVL longs at an average entry price of $224.35, with unrealized profit of about $11,600. With LITE off its peak and MRVL off its low, combined unrealized profit on the two remaining positions totals about $41,800. Related closing trades after 05:00 generated additional realized trading profit of about $18,100.

Revenue rose 38% year on year to ₹1,852.89 crore. Basic earnings per share climbed to ₹2.54.

Ambev SA reported fiscal Q3 normalized net income Thursday of 0.28 Brazilian real per share, up from 0.24 real a year earlier. A single analyst polled by FactSet expected 0.25 real. Revenue for...