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Gold and silver prices today, 1 June: Gold rates declined on MCX amid a stronger US dollar and rising crude oil prices. Check the latest 24K and 22K gold prices, along with 999 silver rates, in Delhi, Mumbai, Bengaluru, Kolkata, Hyderabad, and Chennai. from mint - money

West Bengal CM Suvendu Adhikari announced that the Annapurna Yojana's fund transfers will start on June 3, providing ₹3,000 to eligible women. Enrollment requires a 12-page application form, with assistance available through public welfare camps on June 15-17 for those needing help. from mint - money

Your 50s are crucial for retirement planning, with compounding effects becoming evident. Peak income is reached, but time to correct mistakes is limited. Sequence-of-returns risk poses threats, especially close to retirement.  from mint - money

The market has never been a level playing field, and recent events have merely underscored how uneven it remains. The rational response is not to chase headlines, but to avoid playing a timing game from mint - money

A 28-year-old government employee from Delhi has gone viral after revealing that she spends only around ₹25,000 a month despite earning ₹90,000 in hand. From rent and groceries to fuel and shopping, her budget breakdown has sparked conversations online. from mint - money

The Finance Ministry launched an online platform for tracking unclaimed financial assets, enhancing public awareness and access to information.  from mint - money

Financial success often manifests through small habits like managing emergencies calmly, avoiding high-interest debt, investing consistently, and not focusing on appearances. If you recognize these signs, you may be more financially secure than you realize. from mint - money

Travel packages and DIY bookings for Ladakh and Spiti Valley trips suit families of four, depending on preferences. Travel packages to Ladakh are often cost-effective and convenient, while Spiti Valley may be cheaper when booked separately. from mint - money

The Income Tax Department has launched online filing for ITR-1, ITR-2, and ITR-4 for AY 2026-27. Taxpayers must note changes, including a new rent field and the ability to report income from two properties, simplifying the filing process for many individuals. from mint - money

As healthcare costs rise, understanding health insurance policies is crucial. Key factors affecting claim payouts include sum insured, room rent eligibility and co-payment clauses.  from mint - money

The Income Tax Department has launched online filing for ITR-2 for assessment year 2026-27, targeting individuals and HUFs with income from capital gains and other sources. Eligibility criteria are specified, while ITR-1 and ITR-4 have also been made available for small and medium taxpayers. from mint - money

Unlike diversified equity funds, these schemes have a concentrated portfolio, making it important for investors to thoroughly analyze risk factors before investing.  from mint - money

As falling fixed deposit rates push Indian savers toward corporate bonds and online debt platforms, many retail investors are underestimating the credit, liquidity and product risks behind high yields. from mint - money

India’s insurance industry has become faster and more digital, but low penetration shows trust—not access—remains the biggest challenge for meaningful financial protection. from mint - money

As petrol and diesel prices rise again, economists warn the impact could soon spread beyond fuel pumps. From vegetables and groceries to transport, delivery services and manufacturing costs, higher diesel prices are expected to push inflation higher across multiple sectors of the economy. from mint - money

8th Pay Commission fitment factor demands spark hopes of a major salary rise, with proposals from 3.0 to 4.0 set to reshape pensions, allowances and minimum basic pay. from mint - money

Irdai’s 1-hour cashless approval rule has sped up claim decisions, but many policyholders now face sudden rejections during treatment or at discharge. from mint - money

Gold and silver prices on MCX declined due to profit booking amid rising inflation concerns triggered by escalating US-Iran tensions. Silver prices fell more than 1% to ₹2.73 lakh per kilogram on MCX, pressured by a stronger US dollar and elevated crude oil prices from mint - money

The rising costs of everyday goods are hitting households hard, with global shipping bottlenecks and increased fuel prices as key culprits. Experts warn that this inflationary pressure will soon affect everything from grocery bills to loan interest rates. from mint - money

SIP investing for your child’s education can build a ₹1 crore corpus through the power of early compounding. Starting an SIP early reduces the monthly burden and ensures long‑term financial security for your child. from mint - money

Gold and silver prices gained on 25 May, with gold reaching ₹160,060 per 10 grams and silver rising to ₹276,830 per kg. The rally was supported by a weaker dollar and lower crude oil prices amid growing optimism over a potential US-Iran peace deal. from mint - money

Knowing the difference between hard and soft credit inquiries is important for maintaining good credit health. Soft inquiries do not impact your credit score, whereas multiple hard inquiries within a short period can reduce it. Responsible credit habits can help you build a strong credit profile.  from mint - money

Goa is ideal for energetic group vacations with nightlife and beach activities, while Puducherry offers affordability and relaxation. Goa's costs range ₹10,000- ₹12,000, whereas Puducherry can fit within ₹8,000- ₹10,000, making it suitable for budget-conscious travelers seeking a peaceful experience. from mint - money

Missing a home loan EMI can hurt your credit score and weaken your financial stability. Timely communication with your lender, smart repayment planning and expert financial advice can help you manage the situation effectively. from mint - money

Parents can build a ₹1 crore corpus for their child by age 18 through early investments, averaging ₹8,000– ₹10,000 monthly via SIPs. Compounding plays a key role, and delaying investment increases monthly contributions significantly. from mint - money

There is no single best SIP date for maximizing long-term returns; historical trends show negligible differences between dates. Staggered SIPs on the 1st, 15th, and 25th offer a balanced approach. Factors like increasing SIPs and maintaining asset allocation are more important for wealth creation. from mint - money

An ideal annual travel budget for someone earning ₹15 lakh, with monthly EMIs of ₹20,000 and fixed expenses of ₹30,000, ranges from ₹1.2 lakh to ₹2.5 lakh, allowing for meaningful travel without compromising financial goals. from mint - money

Gold prices fell on MCX on Friday morning as a stronger US dollar weighed on the yellow metal. Gold has remained under pressure over the past two months following the US-Iran conflict, with soaring crude oil prices boosting the dollar and raising concerns about a fresh spike in inflation. from mint - money

Discussions on the 8th Pay Commission focus on the fitment factor, crucial for salary and pension hikes for central government employees.  from mint - money

As more investors go direct and digital, mutual fund factsheets are evolving from compliance-heavy disclosures into sharper communication tools aimed at helping investors make decisions. from mint - money

Gold and silver prices fell on Thursday amid weak global cues, US Fed tightening fears and easing oil prices. MCX gold futures slipped 0.21%, while silver declined 0.40%. Check the latest 22K, 24K gold and silver rates in Mumbai, Delhi, Bengaluru, Hyderabad, Kolkata and Chennai. from mint - money

EPFO subscribers will soon withdraw provident funds via UPI, with direct transfers to bank accounts. The initiative aims to streamline service delivery and enhance member access to funds, facilitating quicker transactions for various needs. from mint - money

Launched as a bridge between mutual funds and PMS, specialized investment funds have seen rapid AUM growth in seven months. The next phase may demand broader risk-taking and new categories. from mint - money

A 9% import duty hike and tighter silver import rules may disrupt local supply and ETF premiums, even as experts remain structurally bullish on gold and silver. from mint - money

With the rupee at ₹96/$ and education loans at 12%, the cost-to-salary math of studying abroad is under stress. Rising fees, tight visas and weak job markets are stretching repayment timelines. from mint - money

The Government of India has dismissed rumours about monetising temple gold, stating that no such proposals exist. A press release highlighted the importance of relying on verified information to prevent confusion and misinformation in the public sphere. from mint - money

Gold prices today moved higher as softer crude oil prices and a weaker dollar lifted bullion demand, while investors tracked MCX gold futures and rising geopolitical tensions in the Middle East. Investors are closely watching developments around the Iran conflict and global market trends.  from mint - money

Alumni or affinity health plans are a supplement, not a substitute, for your primary cover. from mint - money

CGHS dependency rules revised introduce a one-time irreversible choice for male employees between parents or in-laws, clarifying eligibility, income limits and dependent coverage under updated government healthcare regulations in the nation. from mint - money

MCX gold prices fell on Monday morning as rising crude oil prices boosted the US dollar index. A stronger dollar made gold costlier for buyers using other currencies, putting pressure on gold rates. Focus is now on a resolution to the ongoing war between the US-Israel and Iran.  from mint - money

There is no legal limit on the cash that you can keep at home. But you should explain how you got it and it should be through legal means. from mint - money

States like Odisha, Tamil Nadu, and Bihar have raised dearness allowance for government employees and pensioners, with increases ranging from 2% to 5%. West Bengal is expected to make similar decisions soon, while the Bihar cabinet will discuss further DA revisions in an upcoming meeting. from mint - money

The PFRDA has launched Retirement Income Schemes and drawdown facilities under the NPS, allowing subscribers to withdraw retirement funds in phases. This aims to provide flexible payout options while ensuring corpus appreciation, with guidelines effective once operational frameworks are ready. from mint - money

A viral video by entrepreneur and GoodWorks Group founder Vishwas Mudagal is getting widespread attention online for its take on wealth and quality of life in India’s tier-2 cities. from mint - money

Petrol and diesel prices increased by ₹3 per litre, the first rise in over four years, due to global crude price surges linked to the Iran war. CNG prices also rose by ₹2 per kg in major cities like Delhi and Mumbai. from mint - money

In May, Indian consumers experienced a significant rise in fuel prices, with petrol and diesel increasing by ₹3 per litre, the first hike in four years. CNG prices also rose by ₹2 per kg, reflecting the impact of escalating global crude prices due to the West Asia conflict. from mint - money

As markets swing on global headlines, Bajaj Finserv AMC CIO Nimesh Chandan says investors should focus on long-term trends, not noise — and sees the Nifty heading to 27,000. from mint - money

Mirae Asset Mutual Fund has launched the Platinum Hybrid Long-Short Fund under the SIF category, offering conservative investors risk-adjusted returns through hedged equity, arbitrage and debt exposure in the country. from mint - money

Chief Minister Suvendu Adhikari announced that the cabinet will discuss Dearness Allowance and the Seventh Pay Commission on May 18. A recent 4% DA increase brings it to 22%, but state employees still lag behind central staff due to differing pay commissions. from mint - money

The Indian government raised import duties on gold and silver to 15% to curb rising import costs due to the West Asia crisis. This hike may lead to higher domestic gold prices and reduced jewellery demand, with investors advised to rebalance their portfolios accordingly. from mint - money

Post Office Monthly Income Scheme 2026 offers guaranteed monthly income, capital safety and stable returns at 7.4% interest, making it suitable for conservative investors seeking low-risk savings options in the country. from mint - money

As of May 13, gold is priced around ₹161,410 per 10 gm, while silver reached ₹296,570 per kg, driven by demand and currency fluctuations. from mint - money

Since the money comes from tax-paid rental income of the HUF, it should NOT be taxable in your hands in India. from mint - money

For authors, estate planning isn't limited to houses, investments or even manuscripts. Their most valuable assets may be copyrights for published or unpublished writings. Similarly, for music and art works. While a copyright doesn't last forever, here's how to ensure heirs get what's allowed by law. from mint - money

Gold and silver prices stayed largely steady on 12 May, with minor changes across major Indian cities. MCX futures edged higher amid ongoing geopolitical tensions and safe-haven demand, while precious metals continued their strong yearly rally. from mint - money

Comprehensive comparison of personal loan rates in May 2026 across SBI, HDFC, ICICI Bank, Axis Bank, and other lenders in India, including EMIs, interest rates, and processing fees, to help borrowers make informed decisions. Before finalising any loan offer, consult a certified financial advisor. from mint - money

Big changes ahead as the 8th Pay Commission enters consultations, with key dates, salary revision updates, pension changes and fitment factor discussions affecting over 1.1 crore beneficiaries. from mint - money

More than 600 OpenAI employees sold a combined 6.6 billion dollars worth of stock in a single day in October 2025, averaging 11 million dollars each. Here is how artificial intelligence is creating unprecedented wealth for technology workers before a single IPO has taken place. from mint - money

The Clarity Act, aimed at regulating cryptocurrency, will be reviewed by senators next week. If approved, it will clarify asset classifications, address stablecoin policies, and potentially enhance digital asset adoption while resolving conflicts between crypto firms and banks. from mint - money

Across every stage of motherhood — new, working, single, entrepreneurial, senior — the financial system treats women as signatories, not decision-makers. The cost of that exclusion is real, compounding, and entirely preventable. from mint - money

Protect your credit score from silent damage caused by hidden credit behaviours that reduce creditworthiness, from high utilisation to missed payments and credit report errors. from mint - money

Fixed deposit interest provides passive income for many Indians but is subject to TDS under the Income Tax Act. TDS is deducted at 10% if interest exceeds ₹50,000, with senior citizens enjoying a higher exemption. Forms 15G and 15H can help avoid TDS. from mint - money

Multiple credit card applications can lower your credit score due to repeated hard inquiries, which increase lenders' risk perception, while spaced applications and responsible credit usage help maintain a healthy credit profile. from mint - money

On April 18, the Centre raised the dearness allowance for employees by 2%, increasing it to 60%. The next DA hike is expected in July 2026, with a potential increase of 2-3% depending on inflation trends, benefiting approximately 50.46 lakh employees and 68.27 lakh pensioners. from mint - money

AI is transforming investment strategies, exemplified by Tony Cowell's new firm, Cynren, which focuses on serving wealthy families. With an AI-driven approach, Cynren aims to provide unique advisory services, emphasising impact investing and direct access to senior leaders  from mint - money

A budget-friendly 10-day international family trip from Mumbai can include destinations like Thailand, Vietnam, Bali, Malaysia, and Sri Lanka, all within a budget of ₹2–3 lakh.  from mint - money

EPFO subscribers will soon be able to withdraw funds via ATMs, enhancing convenience. This change, part of the EPFO 3.0 initiative, is expected to be implemented by the end of May, allowing quick access to provident funds with minimal paperwork. from mint - money

Easily recover EPFO PPO number online through simple steps using the EPFO portal to ensure smooth pension payments, uninterrupted benefits and quick access to pension records. from mint - money

Major tax overhaul streamlines compliance as Income Tax Rules 2026 transform key forms, merging TDS, PAN and AIS systems to simplify filing and improve accuracy nationwide from mint - money

Retirees are turning skills, hobbies and decades of experience into new income streams—from homestays and startups to care homes and social ventures. from mint - money

RBI informed the Supreme Court that 30 banks are now integrated with the UDGAM portal, allowing legal heirs to search unclaimed deposits online. The PIL highlights the need for greater integration of assets such as post office deposits and insurance. The SC will hear the matter on 19 May. from mint - money

Savings accounts offer safety but little return. Sweep-in facilities promise FD-level interest without sacrificing liquidity. Here’s how they work, what they cost and when they make sense. from mint - money

AI is reshaping how young Indians budget, save and invest. But while tools are powerful, discipline—not algorithms—will decide whether Gen Z builds lasting wealth or just spends smarter. from mint - money

Rupee falls to ₹95.16/USD, highlighting currency weakness, as Steve Hanke warns of a continued slide without inflows, which could impact inflation, travel costs, EMIs, investments and savings across the country.  from mint - money

The Finance Ministry has approved 100% foreign direct investment in the insurance sector under the automatic route, with a 20% cap for LIC. This reform aims to enhance technology and product design, addressing India's insurance penetration gap and improving affordability and distribution. from mint - money

Senior citizen FD rates in May 2026 across prominent PSU banks show stable returns up to 7.10%, offering safe income, inflation protection and predictable investment options in a volatile economy. from mint - money

Fintech platforms have made bonds look simple and safe. But behind curated yields and clean dashboards lie credit, liquidity and structural risks many retail investors may not fully grasp. from mint - money

Economists and financial planners urge the public to rebudget for essentials, build larger emergency funds, and consider global investment diversification as a hedge against accelerating imported inflation. from mint - money

Record UPI transactions in FY26 highlight rapid digital growth nationwide. UPI payments are best made through secure apps, with vigilant verification and protection of sensitive financial details. from mint - money

As a 22-year-old salaried person with a student, here's how you can build wealth by investing smartly. AI recommends this when asked about investing in SIPs, stocks, or fixed deposits for the best returns with minimum risk. from mint - money

A Bengaluru techie sought ChatGPT's advice on quitting a stable IT job for a career as a tech influencer. Here's what AI recommended. from mint - money

Fresh developments around the 8th Pay Commission updates include regional visits, extended deadlines, and key meetings shaping pay, pension, and allowance reforms for central government employees, pensioners, and associated stakeholders across India.  from mint - money

Boosting rural financial inclusion, India Post Payments Bank launches SHG Savings Account to empower women-led SHGs with zero balance banking, doorstep services and secure savings across India. from mint - money

EPFO has recently made changes to streamline compliance and improve access for provident fund subscribers, including a new unified Form 121 effective from 1 April, and plans for a portal to link old PF accounts. Details here. from mint - money