L&T Finance reported Q1 FY27 consolidated net profit of Rs 916.0 crore, up 31% year on year, while revenue rose 22.4% to Rs 5,213 crore. Interest income and fee income both increased sharply, and provisioning pressure remained manageable. Earnings per share improved to Rs 3.60. The results mark the company’s first quarterly report of FY27 with no exceptional items, delivering a materially stronger-than-expected operating performance.

Gold prices in Delhi fell for a fourth straight session on July 9, with 99.9% purity gold down Rs 350 at Rs 148,100 per 10 grams. Silver also weakened, sliding Rs 7,800 to Rs 232,000 per kilogram. The decline was driven by a stronger rupee against the U.S. dollar that lowered import costs, along with subdued local physical demand. Overseas gains—gold up 1% to USD 4104.75 an ounce and silver up more than 1%—had a muted impact on domestic prices due to the currency effect.

On July 8, India’s MCX gold futures for August delivery fell Rs 2,308 (1.59%) to Rs 1,43,084 per 10 grams. In New York, Comex August gold futures dropped USD 94.69 (2.28%) to USD 4,062.71 per ounce. The decline came as escalating geopolitical tensions in the Middle East lifted crude oil prices, pushing up inflation expectations and the US dollar index, weighing on gold’s appeal as a non-yielding asset.

A delayed monsoon and below-normal rainfall in India have raised concerns over sugarcane output, pushing sugar prices up 6–7% in June. In Maharashtra, ex-mill prices climbed to ₹41.5 per kg, while prices in the benchmark Kolhapur market reached ₹4,120 per quintal. The central government banned sugar exports in May to protect domestic supplies. Recent rainfall has eased some pressure, but El Niño risks and uncertainty around next season’s supply remain.

Gold priced in Indian rupees fell Rs 150 to Rs 1,50,650 per 10 grams, while silver slid Rs 5,000 to Rs 2,40,000 per kilogram. The declines followed a stronger U.S. dollar and a pullback in global bullion prices, with spot gold at USD 4,160.60 per ounce. Expectations that the Federal Reserve could keep interest rates elevated also weighed on precious metals demand.

A total of 86,000 quintals (about 8,600 tonnes) of government-procured wheat in Madhya Pradesh reportedly went missing while being transported to warehouses. Sagar district alone accounted for 14,000 quintals valued at Rs 4 crore, even as the losses were reported across 14 major wheat-producing districts. The shortfall has been described as a confirmed physical supply loss rather than paper shrinkage or natural drying, directly affecting seasonal stock availability and regional supply stability.

On July 3, gold prices in India rose Rs 3,300 in a day to Rs 1,50,800 per 10 grams, moving back above the Rs 1.5 lakh level. Silver climbed Rs 5,000 to Rs 2,45,000 per kilogram. Spot gold gained 1.4% to USD 4,181.50 an ounce, while spot silver rose 2.44%. Analysts said a softer dollar index and fading expectations of further Fed rate hikes, reinforced by weaker-than-expected US jobs data and remarks from officials, supported precious metals.

India’s Ministry of Electronics and Information Technology ordered the removal of three battery-management apps—BAT-BMS, Lossigy and Epoch Li-ion—after they were used to remotely disable e-rickshaw batteries. Google Play Store and Apple App Store have taken the apps down. The move is a compliance response to a regulatory directive and does not involve product defects, revenue losses or a major policy shift. The impact on the two companies’ core operations and finances is expected to be limited.

On July 2, gold prices in India rebounded by Rs 3,000 to Rs 1.47 lakh per 10 grams, while silver rose to Rs 2.40 lakh per kg. The move followed a less hawkish tone from US Federal Reserve Chair Kevin Warsh, which eased rate-hike concerns, alongside a stronger yen that helped push the dollar index (DXY) lower. In global markets, spot gold climbed 1% to USD 4,070.04 per ounce and silver rose 1.3% to USD 59.89 per ounce.