Top news and market movers this week

Gold nears $3900 amidst Fed rate cuts and US shutdown

Gold prices are set for a seventh straight weekly rise, nearing record highs around $3,890 per ounce. This rise is attributed to significant central bank demand, driven by geopolitical instability from trade wars and tariff concerns. The ongoing U.S. government shutdown has intensified global market uncertainty, making gold a more attractive safe-haven investment for both institutional and retail investors.

Expectations of Federal Reserve interest rate cuts and a stagnant U.S. job market have further fueled this surge. Analysts widely anticipate gold could exceed $4,000 by year-end. In India, gold futures reached record highs, with December contracts climbing to ₹1,17,800 per 10 grams, marking several days of gains amid global unease.

Upcoming IPOs

1. Tata Capital Ltd.: Investors are drawn to this IPO because of its attractive pricing and the strong credibility associated with the Tata Group.

2. LG Electronics India Ltd.: The company aims to boost its manufacturing capacity and expand exports to over 100 countries, establishing India as a key global production center.

3. Anantam Highways Trust: This trust stands to benefit from the government’s increased investment in infrastructure projects.

4. Rubicon Research Ltd.: Funds raised through the IPO will be used to reduce debt, make acquisitions, and support other growth-driven initiatives.

Motilal Oswal AMC, ICICI Prudential AMC & Invesco India AMC launched NFOs

By investing in Motilal Oswal Consumption Growth, ICICI Prudential Conglomerate Growth, and Invesco India Consumption Growth Direct Plans, you gain the opportunity to participate in some of the fastest-growing sectors in India, helping you benefit from the country’s economic development while aiming for steady long-term returns.

That is a wrap on the news for the week ended 3 October 2025. Let’s have a look at how the markets responded and actually moved this week, from indices and mutual funds to stocks and what fellow investors on Kuvera were watching. Let’s dig into the market movers to see how it all played out.

Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and kuvera.