Gold prices surged over 1% on Monday, fueled by a weaker dollar and renewed trade tensions sparked by U.S. Treasury Secretary Scott Bessent’s reaffirmation of President Trump’s tariff threats. Spot gold reached $3,247.40 an ounce, while U.S. gold futures hit $3,251.90.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.