Gold prices slide 1 pc on MCX as Fed Rate cut hopes fade

Gold prices slide 1 pc on MCX as Fed Rate cut hopes fade

The latest US job market data reduced expectations of a 25-basis-point rate cut by the Federal Reserve in December, which has been a key reason behind the correction in prices. The strong economic data pushed the US dollar index to nearly a six-month high on Friday. 6 days ago
Sensex, Nifty end higher as US-China deal hopes boost sentiment

Q2 GDP data, global signals to drive domestic indices this week

Domestic equity indices edged 0.68 and 0.50 per cent higher last week to close at 26,068 and 85,231, respectively. The upward momentum was supported by stronger second-quarter (Q2) earnings, easing inflation and optimism around the India-US trade negotiations. 7 days ago
Gold prices drop significantly over strong US jobs data

Gold prices drop significantly over strong US jobs data

MCX Silver December contracts dipped 2.17 per cent or Rs 3,349 to Rs 1,50,802 per kg. The price of 10 grams of 24-carat gold was at Rs 1,22,149 down from Rs 1,22,881 on Thursday, according to data published by the India Bullion and Jewellers Association (IBJA). 9 days ago
Indian stock market closes higher in volatile session amid fresh US tariff concerns

Sensex, Nifty end near record highs as financials lead rally

The Sensex rose 0.52 per cent, or 446.21 points, to close at 85,632.68 after touching an intra-day high of 85,801.70. Strong buying in Financials and Oil & Gas stocks, along with positive global cues, boosted overall market sentiment. 10 days ago