Gold has surged past $3,000 an ounce globally and Rs 90,000 per 10 grams in India, underscoring its appeal as a safe-haven amid economic uncertainties. Despite impressive gains, Warren Buffett remains unpersuaded, maintaining his long-held view that gold is an unproductive asset.
RBI buyback sees strong demand with bids doubling notified amount
At its second buyback auction of FY26, the RBI received bids worth Rs 53,031 crore against a notified Rs 26,000 crore, accepting 99% of it.