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Gold prices in New Delhi dropped by Rs 1,150 to Rs 88,200 per 10 grams, tracking global market trends. Silver prices also declined by Rs 1,000 to Rs 98,500 per kg. Market analysts suggest further weakness if key levels are breached. Investors are eyeing US economic data and Fed speeches for further cues on market direction.
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Sebi mandates AMCs to deploy NFO funds within 30 business days from April 1, 2025. Investment committees may extend this once, with reasons documented and monitored by trustees. AMCs must specify achievable timelines in scheme documents.
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Elon Musk's role in the Department of Government Efficiency under President Trump presents significant financial conflicts of interest, as his various companies stand to benefit. However, his involvement creates risks and backlash, with concerns about his influence over critical technology sectors and potential favoritism in regulation and procurement.
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