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: #USFed
News
Indian Markets Rally After Fed Rate Cut Despite Rupee Weakness
Mumbai Indian equity benchmarks snapped a three-session losing streak on Thursday as the US Federal Reserve’s 25-basis-point interest rate cut bolstered global liquidity and market sentiment. The S&P BSE Sensex climbed 0.51% to 84,818.13 points, while the NSE Nifty 50 rose 0.55% to 25,898.55, led by broad gains across sectors….