Limited overseas investment capacity has restricted creation of new units, potentially widening the gap between ETF prices and underlying asset values
Silver was trading at $64.78 per ounce on September 25, remaining range-bound amid high interest rates. Analysts predict continued strength for silver due to increasing demand and limited supply. Key price levels are identified at $63 for support and $70 for resistance. A break below $63 could lead to a decline toward $60, while a rise above $70 indicates potential upward movement.
The CEA said that trade has been weaponised well beyond the US, pointing to export licensing, supply-chain chokepoints and similar moves by China and the EU.
The Enforcement Directorate conducted searches at 16 locations associated with Attica Gold Pvt Limited and its affiliates. These searches took place in four cities, including Bengaluru and Chennai. Allegations involve money laundering related to stolen gold purchases and dealings. Authorities seized cash, foreign currency, gold jewelry, and silver articles as evidence. The investigation continues amid reports of key personnel avoiding cooperation during the searches.
West Bengal Transport and Labour Minister Arjun Singh visited North Bengal to address the closure of tea gardens. The state government has mandated the reopening of 21 closed tea gardens within ten days. Additionally, tea garden owners are required to pay a 20% bonus to workers by October 5, 2026. Singh emphasized the need for effective revenue collection and vehicle fitness checks in the Transport Department as well.
Giant anteaters were reintroduced to Argentina's Iberá wetlands in 2007 after suffering population declines. Over 100 giant anteaters have since been released into the wild, successfully rebuilding the population. Recently, a giant anteater was spotted in Brazil, marking its return to Rio Grande do Sul after 130 years. Researchers attribute this observation to successful conservation efforts in Argentina's Iberá wetlands.
At the 46th chess Olympiad, Indian chess teams scored impressive victories. The men's team triumphed over Germany, aided by D. Gukesh's pivotal win, ending the round with a score of 2.5-1.5. Simultaneously, the women's team outshone Uzbekistan with a decisive 3-1 victory. However, China's women maintain a comfortable lead ahead of India, setting the stage for an intense final showdown.
The Supreme Court has cleared the way for the Trump administration to tap into an expanded federal database for checking voter citizenship. This initiative, utilizing the Systematic Alien Verification for Entitlements (SAVE) program, allows states to obtain more information. Nonetheless, there are restrictions on removing voters from rolls before elections.
Premium GI tur dal from Kalaburgi finds its way into the Maldives; trade wants a favourable policy to sustain and grow pulses exports
Secretary (West) Sibi George welcomed the UN Declaration on Sea Level Rise during the 81st UN General Assembly session. He emphasized India's dedication to coastal resilience, mangrove preservation, and disaster-resilient infrastructure initiatives. Sibi George also participated in the Peacebuilding Commission meeting, stressing the importance of national ownership in developmental efforts. He shared insights on inclusivity in nation-building and India's support for least developed countries and small island developing states.