1h ago
Gold Nears Record Highs as Indian Investors Move From Lockers to Demat Accounts
India's domestic gold prices rose 12% in August to ₹1,58,854 per 10 grams, tracking a 13% jump in the global benchmark to US$4,386 an ounce. Total gold ETF assets in the country climbed to about ₹1.91 lakh crore, backed by 121.3 tonnes of the metal, with year-to-date net inflows of US$4.22 billion. Average daily turnover in MCX gold futures rose 38% month on month to roughly ₹29,500 crore. Physical gold imports fell to US$2.3 billion in August, down 58% from a year earlier.
1h ago
7h ago
US reviving shuttered nuclear plants to meet growing electricity demand and to power data centres
The United States is planning to restart three closed nuclear plants to address rising energy needs. These plants were shut down due to high electricity costs but are now sought after for carbon-free energy. Large technology companies are contracting for power from these facilities, ensuring a stable revenue. Restarting these plants will be faster and cheaper than building new reactors.
7h ago