Gold prices stay elevated in India amid rupee weakness, global signals

Gold prices in India remain high due to a weaker rupee and global uncertainty, with experts highlighting industry challenges and cautious investment outlooks.

Gold prices in India remain high due to a weaker rupee and global uncertainty, with experts highlighting industry challenges and cautious investment outlooks.

Indian Overseas Bank shares are down nearly 60% from their February 2024 peak of ₹83.8. The stock is down 32% so far in 2025, which will be the first year of negative returns for the stock after 2020.

Deven Choksey, Managing Director of DRChoksey Finserv Private Limited, said his comfort remains with Bajaj Finance, adding that a larger portion of his portfolio focus stays with the stock compared with other names in the segment.

Behind the market’s choppy mood lies a clash between strong fundamentals and heavy technical pressures. From valuation resets to rupee nerves, experts explain why this phase looks more like a reset than a downturn.

Among the 21 analysts tracking RBL Bank, 12 have a ‘Buy’ rating on the stock, while six recommend ‘Hold’ and three have a ‘Sell’ call.

Lupin Ltd’s biosimilar ranibizumab, Ranluspec, received positive CHMP opinion for EU approval. Sandoz Group AG to commercialise it. Lupin’s profits and revenue saw strong year-on-year growth.

Sanjay Parekh, Founder and Chief Investment Officer at Sohum Asset Managers, reiterated his positive view on Vedanta, pointing to significant value unlocking from the proposed separation of its businesses.

This slight moderation in sequential trends do not change JM Financial’s medium- to long-term investment thesis for Eternal, as it continues to see continued structural shift in retail ordering from behaviour from traditional e-commerce as well as offline retail.

Brokerage firm Goldman Sachs expects DMart’s earnings downgrade cycle to continue. It flagged store additions running below expectations, which raises the risk of missing estimates.

Silver prices in India hit a record ₹2.05 lakh per kilogram on MCX, driven by global supply squeeze, US rate cut expectations, and rising industrial demand, especially in solar and EVs.