Indian stock markets returned to their winning ways on Tuesday, snapping their 6-day-losing run. The BSE Sensex today gained 584.81 points, or 0.72 per cent, to end at 81,634.8 levels. The Nifty50, too, shut shop at 25,013.15, up 217.38 points or 0.88 per cent as investors digested the Assembly elections results, and dazzling rally in China stocks moderated.
Gold prices fell to a one-week low in line with US Inflation data
Safe-haven gold prices may get some support from the slight decline in the US dollar (USD) along with the risk of further escalation of geopolitical tensions in the Middle East. Traders may also avoid placing aggressive bets ahead of the release of the FOMC meeting minutes on Wednesday. In addition, the US Consumer Price Index (CPI) and the US Producer Price Index (PPI) to be released on Thursday and Friday should provide fresh momentum to Yellow Metal.
Spot Gold At its All-Time High. Know How to Trade Using RSI and Economic Data
Gold prices have performed remarkably well this year, with returns of nearly 20% in the domestic market and almost 30% in the international market so far. The yellow metal has attracted a lot of attention by delivering double-digit returns every year since 2019, except for 2021 when it had a negative return of 4%.
Israel-Iran war: Gold rate today trades flat as market awaits US Fed minutes
Israel-Iran war: Ahead of the announcement of the US Fed meeting minutes and the US CPI data this week, gold prices opened flat in early morning deals. Gold rate today on the Multi Commodity Exchange (MCX) opened lower at ₹75,851 per 10 gm and touched an intraday high of ₹75,908 per 10 gm within a few minutes of the Opening Bell. In the international market, spot gold prices are quoted at around $2,643 per troy ounce, 0.02% above the previous day’s high.
Garuda Construction and Engineering IPO Day 1: GMP, subscription status, review, other details. Should you subscribe?
Garuda Construction and Engineering IPO Day 1: Today marks the debut of Garuda Construction and Engineering Ltd in the primary market. The company, which offers comprehensive civil construction services, raised ₹75 crores from anchor investors on Tuesday, October 8, ahead of its initial public offering.
Copper prices fall due to National Day holiday in China
Copper price News Today: Base metal prices are mixed, with LME three-month copper roughly steady at $9,954 a tonne and LME three-month aluminium up 0.1% to $2,665 a tonne. Trading in base metals is quiet as China celebrates the last day of the Golden Week holiday.
![Weekly Trading Levels of MCX Commodity Market [07 October 2024]](https://www.goldsilverreports.com/wp-content/uploads/2022/01/MCX-Weekly-Research-Report-24-To-28-January-2022-By-Neal-Bhai.webp)
Weekly Trading Levels of MCX Commodity Market [07 October 2024]
MCX Weekly Report [07 October 2024]: Get commodity MCX market live trading tips, bullion market trend research reports, gold silver prices today, commodity market weekly reports, Neal Bhai mcx tips and real time price forecast on various commodities from GoldSilverReports.com.
Nifty, Sensex continue to fall for sixth consecutive day, broader markets fall
The benchmarks– the Nifty 50 and the Sensex, ended the session in the red for the sixth straight session, albeit off the day’s lows. However, it was the broader market that took a beating in today’s session, with the smallcap and midcap indices shedding around 3 percent and 2 percent, respectively.
Senco Gold shares surge 10% after it raises Rs 500 crore via 1:2 stock split and QIP
Shares of Senco Gold soared 10% during early trading today, reaching a day’s high of Rs 1,544 on the NSE. The rally came in response to the company’s announcement on Friday that its board had approved a qualified institutional placement (QIP) of Rs 500 crore and a 1:2 stock split.
The Fed is in no Hurry to Cut Interest Rates
Gold (XAU/USD) started the new week under bearish pressure and fell by nearly 1% on Monday. Speaking at the annual meeting of the National Association for Business Economics, Federal Reserve (Fed) Chair Jerome Powell refrained from giving any new hints about the next policy move.