Silver fell by Rs 8,300 to Rs 1.90 lakh per kilogram, touching its lowest level in nearly 11 months. Gold also declined, dropping by Rs 1,300.

Anthropic's IPO could be as large as $100 billion, according to reports. That would exceed SpaceX's $86 billion.

Silver fell Rs 4,000 in a single day to Rs 198,000 per kg. Gold also fell Rs 500. The market is focused on the Federal Reserve meeting.

Netflix's shares have slipped by about 29 per cent, affecting the company’s overall growth. Its advertising will also face a slump of about $300 million compared to its earlier projections.

OpenAI CEO Sam Altman said in an interview that the company is slowing down because AI safety matters more than growth momentum. OpenAI secretly filed for an IPO in June and expects to spend $50 billion on compute this year. Rival Anthropic’s annualised revenue has surpassed $65 billion, compared with roughly $40 billion for OpenAI. Elon Musk’s lawsuit accusing OpenAI of abandoning its nonprofit mission was dismissed in May, though he has said he will appeal.

Gold and silver prices in New Delhi rose to their highest levels in more than three months on Friday. Gold of 99.9% purity gained Rs 1,200 to Rs 1,63,500 per 10 grams, while silver climbed Rs 5,000 to Rs 2,50,000 per kilogram, marking a 15-week high. A weaker US dollar and firmer global markets helped lift safe-haven demand for precious metals.

Gold in Delhi fell Rs 900 to Rs 1.47 lakh per 10 grams (inclusive of all taxes) on Aug 3, pressured by a stronger rupee and muted moves in international markets. Silver rose Rs 1,800 to Rs 2.26 lakh per kg (inclusive of all taxes) over the same period. In global trade, spot gold edged up to USD 4,048.89 an ounce while silver inched higher to USD 57.97 an ounce.

On July 13, renewed military exchanges between the US and Iran raised concerns over energy shipments through the Strait of Hormuz, pushing international crude oil prices higher. Over the same period, spot gold fell 1.3% to USD 4,067.94 per ounce and silver slipped 2.32% to USD 58.47 per ounce. In Delhi, gold dropped Rs 1,500 to Rs 1.47 lakh per 10 grams, while silver fell Rs 2,000 to Rs 2.35 lakh per kilogram.

El Niño-linked weather is expected to pull India’s monsoon rains to an 11-year low, delaying cane planting and pushing some farmers toward less water-intensive crops such as soybeans. At the same time, faster implementation of mandatory ethanol blending is leading mills to prioritize cane for ethanol production. Output for the current season is now estimated at 27.9 million tons versus annual consumption of about 28.5 million tons, with end-season stocks seen at roughly 3.5 million tons, the lowest in more than three decades. India has halted sugar exports until September 30 and is likely to effectively limit shipments through season-by-season approvals.