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Market move● Neutral for Indian equities
Gold falls below ₹1.47 lakh per 10 grams on MCX: Key drivers
The brief
- Gold fell to a seven-week low, below ₹1.47 lakh per 10 grams on MCX
- Higher US Treasury yields and a stronger dollar weighed on prices as markets anticipated a Fed rate hike
- Lower bullion prices affect Indian gold investors and jewellery companies
- Gold falls 2.4%, silver 3.5% on MCX: What is driving the sell-off
- MCX revenue seen growing 19% annually through FY30, says Macquarie
- MCX revenue seen rising 19% annually through FY30 on wider investor, product base: Report
- Indian stock market slides, but 28 Nifty 500 stocks hit fresh 1-year highs this week; MCX, PVR Inox among them
- Gold Edges Higher Even As US Treasury Yields Spike: Will MCX Rates Break Rs 1.55 Lakh Resistance?