Sweeping rate cuts on table at next GST Council meet

NEW DELHI: The GST Council, which will meet shortly, is expected to comprehensively review the eight-year-old regime focused on reducing tax on several consumer-focused items in the 12% bracket as well as lowering the burden on items such as air conditioners, which are in the top bracket.Besides, with the compensation cess – money released to … Read more

UK economy: May GDP contracts 0.1% for second straight month; BoE rate cut likely amid fiscal pressure

Britain’s economy contracted for the second consecutive month in May, dealing a blow to finance minister Rachel Reeves as she navigates a shaky domestic recovery and heightened global uncertainty. Official figures released on Friday showed that gross domestic product (GDP) declined 0.1% in May, following a 0.3% drop in April.The latest reading came as a … Read more

Gold price prediction today: What’s the gold rate outlook for July 11, 2025; why a ‘buy on dip’ strategy makes sense?

Gold price prediction: Gold intraday bias remains bullish. Traders can adopt a Buy on Dip strategy. (AI image) Gold price prediction today: Gold prices have an underlying positive bias and experts believe that buying on dips may be the correct strategy for now. Here’s the analysis from Jateen Trivedi, VP Research Analyst – Commodity and … Read more

Housing squeeze: 30-year US mortgage rate rises to 6.72%; 5-week easing streak ends as borrowing costs inch up

The average long-term mortgage rate in the US edged higher this week, ending a five-week streak of easing borrowing costs that had offered some relief to prospective homebuyers.According to mortgage buyer Freddie Mac, the average rate on a 30-year home loan ticked up to 6.72% from 6.67% last week. A year ago, the rate was … Read more

Gold & silver price prediction today: Will gold rate drop to Rs 94,000 mark soon – what’s the outlook and should you buy or sell?

Gold price prediction today: Prices have broken the crucial ₹96,000 support zone, triggering a short-term bearish bias in MCX gold. (AI image) Gold and silver price prediction today: Gold rate is exhibiting a short-term bearish trend as its long-term story of being a safe haven remains intact. Where are gold and silver prices headed in … Read more