ShreeMetalPrices: Gold sees strong gains amid banking turmoil sprints as a safe haven


Early on Friday in Asian trading. Gold price remained unchanged and on track to enjoy their best weekin two months as demand for safe haven assets increased because of worries about a potential banking crisis. Gold price also benefited from skepticism regarding the Federal Reserve’s ability to continue raising interest rates in light of the […]

ShreeMetalPrices: Pakistan’s central bank raises the Interest Rate by 300 bps as country faces greatest inflation in 50 years


Pakistan’s central bank hiked its benchmark interest rate by 300 bps on Thursday. Surpassing investor forecasts, as the cash-strapped government strives to persuade the International Monetary Fund (IMF) to release essential loans. Consumer price inflation (CPI) has reached its highest level in over 50 years. The benchmark rate of the State Bank of Pakistan (SBP) […]

ShreeMetalPrices: Gold Deposits Found in Odhisa in Three Different Regions


Odisha is once again in the spotlight for its deposits of precious minerals & metals, which account for 98% of the country’s chromite resources. And it’s gold this time. 3 Gold deposits have been discovered in three different regions within the state, mines & Steel Minister Prafulla Mallik said the state Assembly on Monday. In […]

ShreeMetalPrices: US Targets Russian Metals, Primarily Aluminium With 200% Duties Imposed


The U.S. has expanded its economic sanctions against Russia to include the mining and metals industries. Aluminium would be struck the hardest, with 200% duties imposed on Russian metal imports beginning from March 10 and on any 3rd-country product incorporating Russian metal from Apr 10. Other metal import duties, including those on copper, lead, and […]

ShreeMetalPrices: Indian government will borrow funds in 2023-24 to a record high of 16 trillion rupees


According to a survey of economists, the Indian government would borrow a historic record of 16 trillion rupees “$198 billion” in the fiscal year 2023-24. The economists surveyed believed that infrastructure investment and fiscal responsibility should be the government’s top budget goals. Since Prime Minister Narendra Modi entered power, his administration has spent significantly to […]