FINANCEOUTLOOKINDIA8 JULY, 2026REPORTAPPLE RAISES PRODUCT PRICES IN INDIA; CHECK NEW RATESGOLD EXTENDS FOURTH WEEKLY DECLINE: IMPACT ON INDIAN BUYERSTOP 6 INDIAN FIRMS ADD RS 88,678 CR IN MCAP DURING LATEST TRADING WEEKINDIA'S FOREX RESERVES RISE TO $672.59 BN AS GOLD HOLDINGS SURGEGOLDMAN SACHS RAISES INDIA'S 2026 GDP GROWTH FORECAST TO 6.8%Apple has significantly increased the pric-es of several MacBook, iPad and home entertainment products in India, cit-ing an unprecedented surge in memory and storage component costs driven by the global artificial intelligence (AI) boom. The price revision follows a worldwide reset of Apple's hardware pricing and affects multi-ple products across its Mac, iPad and Home lineup. Gold prices remained under pressure on Friday despite a modest recovery, as investors continued to reassess the U.S. Federal Reserve's interest rate outlook. The precious metal is now headed for its fourth consecutive weekly decline, weighed down by a resilient U.S. dollar and expectations that the Fed could maintain a tighter monetary policy for longer. India's top six listed firms collectively contributed Rs 88,678.1 crore to market cap in the trading week which was shortened due to the holidays, with ICICI Bank making the biggest contribution to the market wealth. The gains were despite the fact that four of the top-10 companies saw market valuations fall. India's forex reserves rose by $963 million to $672.587 billion for the week, reversing a sharp decline witnessed the previous week, the Reserve Bank of India (RBI) said in a release. The rebound was mainly attributable to a large increase in the country's gold reserves that more than compensated for the drop in foreign currency assets. IGoldman Sachs has upgraded its macroeconomic forecast for India for calendar year 2026 to 6.8%, in the wake of the recent US-Iran peace accord, which has seen global crude oil prices tumbling significantly and India's overall economic outlook improving. The brokerage also trimmed down its inflation and current account deficit (CAD) expectations due to moderating energy prices and favourable domestic fundamentals.
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