ट्रंप के भारत पर नए टैरिफ के ऐलान से और चमका सोना, जानें 7 अगस्त 2025 का ताज़ा भाव

by Hansraj Agrawal | Aug 7, 2025 | Business

Gold Price Today: अमेरिकी राष्ट्रपति डोनाल्ड ट्रंप ने भारत के ऊपर 25 प्रतिशत बेस टैरिफ के अतिरिक्त, रूस से तेल खरीदने के चलते और 25 प्रतिशत अतिरिक्त टैरिफ लगाने का ऐलान किया है, जो 27 अगस्त से लागू होगा. टैरिफ के इस ऐलान के बाद सोने की कीमतों में तेज़ी आई है. आज, 7 अगस्त 2025 को भारतीय बाज़ार में 24 कैरेट सोना प्रति 10 ग्राम 1,02,550 रुपये की दर से बिक रहा है, जबकि एक दिन पहले इसका भाव 1,02,330 रुपये था. यानी रेट में 220 रुपये की बढ़ोतरी हुई है.

इसी तरह, आज 22 कैरेट सोना 94,000 रुपये प्रति 10 ग्राम पर कारोबार कर रहा है, जो एक दिन पहले 93,800 रुपये था. यानी इसमें 200 रुपये की वृद्धि हुई है. वहीं 18 कैरेट सोना आज 76,910 रुपये पर उपलब्ध है, जबकि एक दिन पहले इसका भाव 76,750 रुपये था. यानी, इसमें 160 रुपये की बढ़ोतरी हुई है. निवेश के उद्देश्य से ज़्यादातर लोग 24 कैरेट सोने की खरीदारी करते हैं.

आपके शहर का ताज़ा भाव:

आज दिल्ली, जयपुर, लखनऊ और चंडीगढ़ में 24 कैरेट सोना 1,02,700 रुपये प्रति 10 ग्राम की दर से बिक रहा है, जबकि 22 कैरेट सोना 94,150 रुपये और 18 कैरेट सोना 77,040 रुपये प्रति 10 ग्राम पर उपलब्ध है.

वहीं चेन्नई, मुंबई, कोलकाता, बेंगलुरु, हैदराबाद, केरल, पुणे, नागपुर, भुवनेश्वर और विशाखापत्तनम् के बाज़ारों में 24 कैरेट सोना 1,02,550 रुपये, 22 कैरेट सोना 94,000 रुपये और 18 कैरेट सोना 77,600 रुपये प्रति 10 ग्राम की दर से कारोबार कर रहा है.

कैसे तय होता है रेट?

सोना और चांदी की कीमतें रोजाना तय होती हैं और इसके पीछे कई महत्वपूर्ण फैक्टर जिम्मेदार होते हैं. इसमें डॉलर की कीमत में उतार-चढ़ाव, एक्सचेंज रेट, सीमा शुल्क और अंतरराष्ट्रीय बाजार की स्थिति शामिल हैं. वैश्विक बाजार में जब आर्थिक या राजनीतिक अनिश्चितता होती है, तब निवेशक शेयर या अन्य जोखिमभरे साधनों से पैसा हटाकर सोने जैसे सुरक्षित विकल्प में निवेश करना पसंद करते हैं, जिससे इसकी मांग बढ़ जाती है और दाम ऊपर जाते हैं.

भारत में सोने का केवल आर्थिक ही नहीं, बल्कि सामाजिक और सांस्कृतिक महत्व भी है. शादी-ब्याह, त्योहारों और धार्मिक अवसरों पर सोने को शुभ माना जाता है. इसके अलावा, किसी परिवार के पास सोना होना उनकी आर्थिक स्थिति और संपन्नता का प्रतीक भी माना जाता है. सोने ने समय-समय पर महंगाई के मुकाबले बेहतर रिटर्न देकर खुद को एक विश्वसनीय निवेश विकल्प के रूप में स्थापित किया है. यही वजह है कि इसकी मांग हमेशा बनी रहती है और इसके दाम पर इन तमाम पहलुओं का मिलाजुला असर पड़ता है.

ये भी पढ़ें: ट्रंप के अतिरिक्त 25% टैरिफ से बेखौफ भारतीय रुपया, आज फिर डॉलर के मुकाबले इतना हुआ मजबूत

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From calling 'Tariff King' to imposing high import duties: How US toughened trade terms with India

by Hansraj Agrawal | Aug 7, 2025 | Business

US has imposed sector-specific tariffs on three categories – steel and aluminium (50 per cent); copper (50 per cent), and auto parts (25 per cent. These are also additional duties (means over and above existing levies, if any)
| Photo Credit:
KEVIN LAMARQUE

From labelling India the ‘Tariff King’ to slapping sweeping import duties, US President Donald Trump has steadily hardened his trade stance on India.

These announcements are being seen as a pressure tactic to get New Delhi to agree to demands made by the US in the proposed Bilateral Trade Agreement.

Apr 9, 2025: US pauses implementation of country-specific tariff rates (16 per cent in case of India) for 90 days, deferring it to July 9. The 10 per cent baseline tariff remains. July 8, 2025: Suspension period further extended to August 1. July 30, 2025: US announces 25 per cent tariff plus penalty on Indian goods. Penalty for buying crude oil and military equipment from Russia.

July 31, 2025: White House issues executive order for 25 per cent tariff to take effect August 7. No mention of penalty. The 10 per cent baseline duty and exempted sectors remain unchanged. Aug 5, 2025: Trump says he will raise tariffs further on India “very substantially”. Aug 6, 2025: Imposes an additional 25 per cent tariff, raising it to 50 per cent, on goods coming from India as a penalty for New Delhi’s continued purchase of Russian oil.

*What is the current import duty structure on Indian goods in the US?

From August 7, Indian goods entering the US are facing a 25 per cent (including 10 per cent baseline tariff) plus MFN (most favoured nation) rates plus trade remedy measures, if any. For example, India’s shrimp exports have a zero MFN rate. But it already attracts a 2.49 per cent anti-dumping duty and a 5.77 per cent countervailing duty.

So from August 7, Indian shrimp will face a 33.26 per cent levy (25 per cent plus 2.49 per cent plus 5.77 per cent). From August 27, domestic shrimp will attract a 58.26 per cent duty in the US (50 per cent plus 2.49 per cent plus 5.77 per cent).

* Are there any other tariffs?

Yes. The US has imposed sector-specific tariffs on three categories – steel and aluminium (50 per cent); copper (50 per cent), and auto parts (25 per cent. These are also additional duties (means over and above existing levies, if any).

*Which all sectors or product categories are exempted from these tariffs?

According to think tank GTRI, the 50 per cent tariffs will not be applicable on the exempted categories included finished pharmaceutical drugs, active pharmaceutical ingredients (APIs), and other key drug inputs; energy products such as crude oil, refined fuels, natural gas, coal, and electricity; critical minerals; and a wide range of electronics and semiconductors, including computers, tablets, smartphones, solid-state drives, flat panel displays, and integrated circuits.

In 2024-25, the bilateral trade between India and the US stood at USD 131.8 billion (USD 86.5 billion exports and USD 45.3 billion imports).

*Which are the main export sectors that will bear the brunt of the high tariffs?

Sectors include textiles/ clothing, gems and jewellery, shrimp, leather and footwear, chemicals, and electrical and mechanical machinery.

*How much were India’s exports from these sectors in the last fiscal?

Shrimp (USD 2 billion), organic chemicals (USD 2.7 billion), carpets (USD 1.2 billion), apparel-knitted (USD 2.7 billion), apparel – woven (2.7 billion), textiles, made ups (USD 3 billion), diamonds, gold and products (USD 10 billion), machinery and mechanical appliances (USD 7.7 billion), furniture, bedding, mattresses (USD 1.1 billion), and vehicle and parts (USD 2.6 billion).

*What are the views of exporters on these tariffs?

Seafood exporter Yogesh Gupta: Now India’s shrimp will become expensive in the US market. Confederation of Indian Textile Industry (CITI): Huge setback. Deeply concerned. It will have a potential adverse impact. Colin Shah, MD, Kama Jewellery: The move is a severe setback.

GTRI Founder Ajay Srivastava: The tariffs are expected to make Indian goods far costlier in the US, with potential to cut US-bound exports by 40-50 per cent. Federation of Indian Export Organisations (FIEO): The announcement is “extremely shocking” and will impact 55 per cent of India’s exports to America.

*What are the tariffs on India’s trade competitors?

After the new levy, India will attract the highest tariff of 50 per cent along with Brazil. After this, India’s competitors will be much better placed in the US market as their duty is lower – Myanmar (40 per cent), Thailand and Cambodia (both 36 per cent), Bangladesh (35 per cent), Indonesia (32 per cent), China and Sri Lanka (both 30 per cent), Malaysia (25 per cent), Philippines and Vietnam (both 20 per cent).

Published on August 7, 2025

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RBI survey shows uptick in urban consumer confidence in July 2025

by Hansraj Agrawal | Aug 7, 2025 | Business

This was supported by gains in non-essential spending, which registered a rare positive net sentiment of 0.4, a notable shift from -3.4 in May
| Photo Credit:
REUTERS

The Reserve Bank of India (RBI) on Thursday released the results of its July 2025 round of the Urban Consumer Confidence Survey (UCCS), which showed a marginal improvement in the sentiment of urban households.

According to the bi-monthly survey conducted between July 1-12 across 19 major cities, covering 5,592 respondents, the Current Situation Index (CSI) rose to 96.5 in July from 95.4 in May, marking a 1.1-point increase. The improvement was attributed to better consumer perceptions on income, spending, and general economic conditions, despite persisting concerns on employment and price levels.

The Future Expectations Index (FEI), which captures consumer outlook for the next one year, also edged up by 1.3 points to 124.7 from 123.4 in the previous round, reflecting sustained optimism about the economic outlook, income growth, and future spending.

Notably, pessimism surrounding the current price situation and inflation eased for the third straight survey round. The net response on price levels improved to -87.0 in July from -88.5 in May.

While the net perception regarding current income improved to 2.1 (from 0.4 in May), expectations of future income remained broadly stable, with the net response rising marginally from 52.3 to 52.6.This indicates that while more households feel their incomes have improved recently, their expectations for the future remain steady.

On employment front, the current sentiment dipped with the net response falling to -6.7 in July from -5.9 in May.However, forward-looking optimism persisted as expectations for employment in the next one year saw an uptick in the net response to 31.0 from 29.8 earlier.

Spending trends continued to reflect strong consumer confidence. The net response for current spending improved to 78.0, while expectations for future spending rose to 80.0. This was supported by gains in non-essential spending, which registered a rare positive net sentiment of 0.4, a notable shift from -3.4 in May, and future expectations on this front climbed to 15.0 from 13.8.

Essential spending remained consistently high with a net response of 86.5 for current perception and 86.2 for future expectations. The RBI reiterated that the views expressed in the survey are those of the respondents and may not necessarily reflect the central bank’s own stance.

Published on August 7, 2025

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Crude oil prices rise as Trump hits India with 50% tariffs over Russian oil imports

by Hansraj Agrawal | Aug 7, 2025 | Business

Crude oil futures rose on Thursday after US President Donald Trump announced a fresh 25% tariff on Indian imports, citing India’s continued purchase of Russian oil.
| Photo Credit:
REUTERS/Eli Hartman

Crude oil futures traded higher on Thursday morning after US President Donald Trump announced additional tariffs on India.

At 9.56 am on Thursday, October Brent oil futures were at $67.46, up by 0.85 per cent, and September crude oil futures on WTI (West Texas Intermediate) were at $64.95, up by 0.93 per cent. August crude oil futures were trading at ₹5705 on the Multi-Commodity Exchange (MCX) during the initial hour of trading on Thursday against the previous close of ₹5713, down by 0.14 per cent, and September futures were trading at ₹5638 against the previous close of ₹5642, down by 0.07 per cent.

On Wednesday, Trump announced an additional 25 per cent tariff on imports from India as punishment for India’s purchase of Russian oil. This tariff will be imposed in three weeks.

This will be in addition to the 25 per cent reciprocal tariff on Indian goods, which is scheduled to take effect on August 7.

In response to the US move to impose a total 50 per cent tariff on India, the Ministry of External Affairs (MEA) stated that the action was unfair, unjustified, and unreasonable. India will take all necessary actions to protect its national interests, the MEA said.

Analyst take

Warren Patterson, Head of Commodities Strategy of ING Think, said oil prices pushed lower on Wednesday despite Trump slapping an additional 25 per cent tariff on India for purchasing Russian oil.

The reaction could suggest a few things. Firstly, the market remains hopeful that the tariffs, effective August 27, will ultimately not be implemented. Secondly, the additional tariff will not prompt India to cease buying Russian oil. “Finally, even if India moves to alternative supplies, we may not see a reduction in global supply, with Russia finding other buyers for its oil,” he said.

On the likely meeting between Trump and the Presidents of Russia and Ukraine, he said if this goes ahead, and depending on how things play out, concerns over secondary tariffs may fade.

Stating that countries facing potential secondary tariffs must weigh the benefits of buying discounted Russian crude against the potential cost to trade with the US, Patterson said: “Indian exports to the US total around $87 billion. The savings India amasses from purchasing discounted Russian crude oil will be a fraction of this, something in the region of $6 billion. Therefore, we feel it’s pretty clear: Would India put at risk $87 billion worth of exports to save around $6 billion on oil imports?”

Sanctions deadline

Friday is the deadline that Trump set for Russia to come to a peace deal with Ukraine. Failing to do so means the US could announce further sanctions against Russia, Patterson said.

Meanwhile, official data released by the US EIA (Energy Information Administration) showed a decline in the US crude oil inventories for the week ending August 1.

According to the US EIA, commercial crude oil inventories decreased by 3 million barrels for the week ending August 1. At 423.7 million barrels, US crude oil inventories were about 6 per cent below the five-year average for this time of year.

Total motor gasoline inventories decreased by 1.3 million barrels from last week and were about 1 per cent below the five-year average for this time of year. Distillate fuel inventories decreased by 0.6 million barrels last week and were about 16 per cent below the five-year average for this time of year.

Broader commodities

August natural gas futures were trading at ₹272.10 on MCX during the initial hour of trading on Thursday against the previous close of ₹270/50, up by 0.59 per cent.

On the National Commodity and Derivatives Exchange (NCDEX), August guar gum contracts were trading at ₹9825 in the initial hour of trading on Thursday, against the previous close of ₹9762, up 0.65 per cent.

August cottonseed oilcake futures were trading at ₹3246 on NCDEX in the initial hour of trading on Thursday against the previous close of ₹3240, up by 0.19 per cent.

Published on August 7, 2025

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JSW Cement ₹3,600-Crore IPO opens: Price band ₹139–₹147, anchor investors pour in

by Hansraj Agrawal | Aug 7, 2025 | Business

JSW Cement’s ₹3,600-crore IPO opened for public subscription today at a price band of ₹139–₹147 per share, with a minimum lot size of 102 shares. The offering includes a fresh issue of ₹1,600 crore and an offer-for-sale worth ₹2,000 crore.
| Photo Credit:
DANISH SIDDIQUI/Reuters

JSW Cement’s ₹3,600-crore initial public offering (IPO) is opening for public subscription today at a price band of ₹139 and ₹147. The minimum lot size is 102 shares.

JSW Cement, part of the diversified JSW Group, has reserved 50 per cent of the IPO for the Qualified Institutional Bidders (QIB), 15 per cent is allocated for High Net Worth Individuals (HNIs), and the rest (35 per cent) is for retail investors.

The IPO comprises a fresh issue of 10.88 crore shares, worth ₹1,600 crore, and an offer for sale of 13.61 crore shares, worth ₹2,000 crore. Selling shareholders in the IPO include AP Asia Opportunistic Holdings Pte. Ltd, Synergy Metals Investments Holding and State Bank of India.

Fund utilisation

JSW Cement plans to utilise ₹800 crore from the fresh issue to finance the cost of establishing a new integrated cement unit at Nagaur, Rajasthan, while another ₹520 crore will be used to repay existing debt. The remaining funds are for general corporate purposes.

As part of the IPO, JSW Cement on Wednesday mobilised ₹1,080 crore from anchor investors such as Nomura, Government of Singapore, Abu Dhabi Investment Authority, Morgan Stanley Investment Fund, Goldman Sachs (Singapore) Pte and Kuwait Investment Authority, according to a circular uploaded on BSE’s website. Additionally, SBI Mutual Fund (MF), Nippon India MF, Tata MF, Aditya Birla Sun Life MF, Motilal Oswal MF, and SBI Life Insurance Company are among the investors. The company has allotted 7,34,69,386 shares to 52 funds at ₹147 apiece.

Issue size trimmed

It may be recalled that the company had originally planned to raise ₹4,000 crore in an IPO, but it has now pruned this to ₹3,600 crore, reducing the fresh size of the capital raising by ₹400 crore to ₹1,600 crore.

JSW Cement Limited is part of the JSW Group, a multinational conglomerate with a diversified portfolio of businesses across various sectors, including steel, energy, maritime, infrastructure, defence, business-to-business e-commerce, real estate, paints, sports, and venture capital. It started its operations in 2009 in the southern region of India through our single grinding unit in Vijayanagar, Karnataka.

Product portfolio

The company’s product portfolio comprises blended cement (including PSC, PCC, and PPC), GGBS, ordinary Portland cement (“OPC”), clinker, and a range of allied cementitious products, such as ready-mix concrete (“RMC”), screened slag, construction chemicals, and waterproofing compounds. As of March 31, 2025, the company operates seven plants in India, which comprise one integrated unit, one clinker unit and five grinding units across the states of Andhra Pradesh (Nandyal plant), Karnataka (Vijayanagar plant), Tamil Nadu (Salem plant), Maharashtra (Dolvi plant), West Bengal (Salboni plant), Odisha (Jajpur plant and our majority owned Shiva Cement Limited clinker unit).

JM Financial Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited, DAM Capital Advisors Limited, Goldman Sachs (India) Securities Private Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, and SBI Capital Markets Limited are the book-running lead managers to the Offer, and KFin Technologies Limited is the registrar of the Offer.

Published on August 7, 2025

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ट्रंप का 50% टैरिफ भारत के लिए बन सकता है बड़ा मौका, आनंद महिंद्रा ने पोस्ट कर समझाया

by Hansraj Agrawal | Aug 7, 2025 | Business

Trump Tariffs: अमेरिकी राष्ट्रपति डोनाल्ड ट्रंप ने रूस से तेल खरीदने की वजह से भारत पर अतिरिक्त 25 प्रतिशत टैरिफ लगाने की घोषणा की है. बुधवार को इस नए टैरिफ का ऐलान किया गया और यह 7 अगस्त से 21 दिन बाद, यानी 27 अगस्त से लागू होगा. ट्रंप के इस कदम के कारण कई भारतीय उत्पादों पर टैरिफ बढ़कर 50 प्रतिशत तक हो जाएगा.

टैरिफ में यह भारी वृद्धि ऐसे समय में की गई है जब दोनों देशों के बीच व्यापारिक बातचीत लगभग बंद हो चुकी है. हालांकि व्हाइट हाउस की ओर से यह स्पष्ट नहीं किया गया है कि क्या इसी तरह की कार्रवाई चीन समेत उन अन्य देशों पर भी की जाएगी, जो रूस से तेल का आयात करते हैं.

भारत इस स्थिति से कैसे फायदा उठा सकता है?

जहां एक ओर भारत इस स्थिति में काफी दबाव का सामना कर रहा है, वहीं दूसरी ओर भारतीय व्यावसायिक समुदाय से कुछ अलग तरह की प्रतिक्रियाएं सामने आ रही हैं. महिंद्रा ग्रुप के चेयरमैन आनंद महिंद्रा ने सोशल मीडिया पर एक विस्तृत पोस्ट साझा करते हुए इसे देश के लिए लंबी अवधि के अवसर के रूप में देखने की सलाह दी है. उन्होंने इस पोस्ट में “अनपेक्षित परिणामों” का उदाहरण देते हुए बताया कि ये बदलाव भारत के लिए भविष्य में लाभकारी सिद्ध हो सकते हैं.

उन्होंने कहा कि फ्रांस और जर्मनी जैसे देशों ने अपने रक्षा खर्च में वृद्धि की है. जर्मनी ने अपनी सख्त वित्तीय नीतियों में नरमी लाई है, जिससे यूरोप की प्रमुख अर्थव्यवस्थाओं में पुनरुत्थान संभव है और यह क्षेत्र वैश्विक विकास का नया इंजन बन सकता है.

कनाडा के संदर्भ में उन्होंने बताया कि वह लंबे समय से अपने प्रांतों के बीच आंतरिक व्यापार बाधाओं से जूझ रहा था. लेकिन अब, वैश्विक आर्थिक बदलावों के कारण, वह इन बाधाओं को दूर करने की दिशा में ठोस कदम उठा रहा है, जिससे उसकी अर्थव्यवस्था और अधिक मजबूत व एकीकृत बन सकती है.

भारत के लिए सुझाव:

आनंद महिंद्रा ने सवाल उठाया कि क्या भारत इस वैश्विक ‘मंथन’ से ‘अमृत’ निकाल सकता है, जैसा कि 1991 के विदेशी मुद्रा संकट ने आर्थिक उदारीकरण की राह खोली थी? उन्होंने दो प्रमुख क्षेत्रों पर तत्काल ध्यान देने की आवश्यकता बताई:

ईज़ ऑफ डूइंग बिजनेस (व्यापार करने में सुगमता)

पर्यटन को बढ़ावा देना

उनका कहना है कि भारत को अब धीरे-धीरे सुधारों की बजाय, एक सच्ची ‘सिंगल विंडो प्रणाली’ स्थापित करनी चाहिए, जिससे सभी निवेश अनुमतियाँ एक ही मंच पर मिल सकें. उन्होंने सुझाव दिया कि कुछ राज्य मिलकर एक साझा मंच बना सकते हैं, जिससे निवेशकों को गति, पारदर्शिता और भरोसेमंद माहौल मिल सके. पर्यटन को उन्होंने भारत की सबसे कम उपयोग की गई विदेशी मुद्रा अर्जन और रोजगार सृजन की संभावना बताया. इसके अतिरिक्त, उन्होंने कुछ और ज़रूरी कदमों की भी बात की: MSME सेक्टर को तरलता और सहायता प्रदान करना, इंफ्रास्ट्रक्चर परियोजनाओं को तेज़ी से आगे बढ़ाना और PLI योजनाओं से मैन्युफैक्चरिंग को प्रोत्साहन देना है.

ये भी पढ़ें: टाटा ग्रुप की एक और कंपनी बाजार में धमाल मचाने को तैयार, आ रहा इस साल का सबसे बड़ा IPO

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