Gold futures on the Multi Commodity Exchange (MCX) surged by ₹3,698, or 2.7%, over the past week, reaching a record high of ₹1,43,590 per 10 grams on Wednesday. The rally comes amid growing expectations of US Federal Reserve policy easing and rising safe-haven demand.Silver also witnessed a sharp rally, jumping…
Tag: #MarketUpdate
News
Gold, Silver Rates Today: Dollar Strength Hits Prices
Gold and silver prices fell in both domestic and international markets on Friday after the US dollar hit a six-week high, following unexpectedly strong US weekly jobless claims. Spot gold dropped 0.29% to $4,602.43 per ounce, while spot silver declined 0.8% to $91.6861 per ounce. Meanwhile, MCX gold touched ₹1,43,483…
News
Oil Prices Rise as Iran Supply Fears Offset Venezuela Exports
Global oil prices extended their rally on Wednesday, rising for a fifth consecutive session as fears of potential supply disruptions from Iran overshadowed signs of increasing output elsewhere. Markets remained on edge amid growing concerns that escalating tensions between the United States and Iran could disrupt crude flows from the…
News
Walmart Joins Nasdaq 100 as AstraZeneca Exits on Jan 20
Walmart Inc. is set to join the Nasdaq 100 Index on January 20, 2026, as AstraZeneca Plc exits, Nasdaq Global Indexes announced. This update follows Walmart’s historic shift from the New York Stock Exchange (NYSE) to Nasdaq last year, marking the largest exchange transfer on record. The Nasdaq-100 Index, a…
News
Stock Market Outlook: Sensex, Nifty 50 on Dec 26
New Delhi, December 26: Indian stock markets opened cautiously on Friday after the Christmas holiday, with benchmark indices Sensex and Nifty 50 trading in a narrow range. Analysts highlighted key resistance and support levels as traders adopted a level-driven approach amid subdued volumes. Market Recap On December 24, the Sensex…
News
Gold price dips as dollar tops 100; MCX gold near ₹1,22,800
Gold prices on the Milti Commodity Exchange (MCX) slipped in early trade on Thursday after a stronger US dollar and the Federal Reserve’s October meeting minutes cooled expectations for a December rate cut. MCX December gold futures were trading around ₹1,22,768 per 10 grams in morning trade, while silver futures…
News
Gold’s Appeal Grows with Fed Rate Cut Hopes and Dollar Softness
Gold prices edged higher on Friday, supported by a softer U.S. dollar and rising market expectations that the Federal Reserve will cut interest rates again before the year ends. The move reinforced gold’s traditional status as a safe-haven asset amid economic uncertainty. At 13:15 GMT, spot gold climbed 0.5% to…