HDFC Mutual Fund has withdrawn its proposed Gold-Silver Passive Fund of Fund NFO, citing concerns over rising precious metal imports and their impact on India’s trade balance. This decision follows Prime Minister Modi’s appeal to curb gold and silver purchases and a significant increase in import duties, aiming to conserve foreign exchange reserves amidst global economic uncertainty.
Copper up 9% since Iran war. Will AI boom push red metal to new highs?
Copper prices are surging, driven by a confluence of factors including geopolitical tensions, structural supply shortages, and booming AI-driven demand. The metal is increasingly viewed
May 14, 2026