Gold rate today: Yellow metal retraces from record high as US dollar index rebounds from seven-month low. Buy or wait?

Gold rate today: Yellow metal retraces from record high as US dollar index rebounds from seven-month low. Buy or wait?

Gold rate today: Following the bounce back in the US dollar index after the revision in the US GDP data, gold prices witnessed some profit-booking on the weekend sessions. Spot gold price retraced from its all-time high of $2,531 per ounce and closed around $2,503 per ounce. On the Multi Commodity Exchange (MCX), gold rate … Read more

Week Ahead: Q1 Results, US Fed Policy, global cues among key stock market triggers as Nifty eyes 25,100 this week

Week Ahead: Q1 Results, US Fed Policy, global cues among key stock market triggers as Nifty eyes 25,100 this week

The Indian equity market is experiencing a robust bull run, climbing steadily despite several challenges. Domestic equity benchmarks Sensex and Nifty 50 recovered from post-budget losses and added 0.9 per cent and 1.24 per cent, respectively, for the week, posting the eighth week of gains — registering their best weekly winning streak in the last … Read more

Week Ahead: Q4 Results, US Fed Policy, Auto sales, global cues among key market triggers this week

Week Ahead: Q4 Results, US Fed Policy, Auto sales, global cues among key market triggers this week

Indian stock markets rebounded after two weeks of profit-taking and gained over a per cent. The week kicked off on an upbeat note, buoyed by positive cues from the global markets. However, volatility ensued as the week progressed, with the markets grappling with uncertainties surrounding mixed earnings.  A sharp surge on Thursday further eased concerns … Read more

Oil prices drop on weaker US fuel demand, Gaza ceasefire report; Brent rebounds to $85/bbl

Oil prices drop on weaker US fuel demand, Gaza ceasefire report; Brent rebounds to $85/bbl

Brent crude futures for May were down 68 cents, or 0.8 per cent, to $85.27  per barrel after dropping by 1.6 per cent on Wednesday. US West Texas Intermediate futures for May were down 69 cents, or 0.9 per cent, to $80.58 per barrel after a fall of about 1.8 per cent in the previous … Read more

Gold rate today hits new peak of ₹66,778 after US Fed meeting. Should you buy in current gold price rally?

Gold rate today: On account of three US Fed rate cut buzz in 2024, gold price extended its Wednesday evening rally on Thursday morning deals. Gold futures contract on the Multi Commodity Exchange (MCX) for the April 2024 expiry opened higher at ₹66,100 per 10 gm and went on touch an intraday high of ₹66,778 … Read more