Russia rises gold purchases by 601% to evade sanctions

Moscow/IBNS: As Western sanctions continue to tighten around Russia, Moscow on Friday (Sept 6) announced that the country will increase its daily gold purchases to 8.2 billion rubles, which represents a 601 percent rise from previous occasions, to bypass financial restrictions and maintain trade with its partners.

China's gold-buying spree triggers global price surge

Gold's value has historically surged during geopolitical and economic upheavals, and recent events like Russia's invasion of Ukraine and the conflict in Gaza have further boosted its price.

Rupee falls by 3 paise against USD

Mumbai, Feb 27 (UNI/IBNS) : The Rupee on Wednesday fell marginally by three paise at 71.11 against the US Dollar in early trade on rising demand for the American currency by bankers and importers, dealers at forex market said.