International News
Platinum prices decline in Feb 2025
In February 2025, platinum prices experienced a downward trend. On February 6, 2025, platinum was priced at approximately $1,011.78 per troy ounce. By February 28, 2025, the price had decreased to around $939.99 per troy ounce.
This decline aligns with forecasts from Monex Precious Metals, which anticipated platinum prices fluctuating between $950 and $1,050 over the next few months, with potential decreases as seasonal strengths wane.
Despite the short-term decline, J.P. Morgan analysts maintain a positive long-term outlook for platinum, predicting prices could reach $1,200 per ounce in 2025.
Overall, while February 2025 saw a decrease in platinum prices, expert analyses suggest potential for future appreciation.
As of March 15, 2025, the price of platinum in India is approximately ₹2,778 per gram, translating to ₹27,780 per 10 grams
International News
US Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
While Overall Buying Power Remains High, Ongoing Inflation and Rising Household Costs Mean Some Families Will Have To Watch Their Spending More Carefully Than Others
The National Retail Federation (NRF) predicts Americans will spend $1.01 trillion on holiday shopping in November and December. That is a 4.2% jump from $972 billion last year.
NRF said its forecast was based on economic modeling that incorporates consumer spending, employment, wages and historical retail sales data. It excludes automobile, gasoline and restaurant sales
Extra Hiring: To handle the surge in shoppers, stores plan to hire 325,000 to 375,000 temporary holiday workers.
Mixed Budget Impact: Higher gas prices and inflation could still strain some family budgets, affecting low- and high-income shoppers differently.
Retailers expect a strong shopping season because people continue to make holiday spending a priority.
Store owners are ready to attract shoppers by offering competitive prices, deals, and choices for every budget.
While overall buying power remains high, ongoing inflation and rising household costs mean some families will have to watch their spending more carefully than others.
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