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You buy a US stock, watch it rise 20%, and expect a 20% gain. But if you are an Indian investor, that is not necessarily what you earn. When you invest overseas, you are exposed to two moving parts: the asset and the currency. This is the story of how exchange rates can quietly change the return you actually take home.

Gold is not simply a bet on inflation or fear. Its price is shaped by real yields, the US dollar, geopolitical risk and investor positioning. Here's how to read what gold futures are actually telling us.

Thousands of companies trade in the stock market every day. Yet when someone asks, “How did the market perform today?”, we usually answer with a single number. That number is an index. But an index is much more than a number on a financial screen.
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