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Market move● Neutral for Indian equities
Gold rises ₹607 as rate-hold expectations strengthen; silver jumps ₹2,828
The brief
- Gold rose ₹607 and silver jumped ₹2,828
- Comex gold futures traded near $4,200 per ounce; silver near $61.40
- Higher bullion prices may support gold-loan lenders, including Indian banks and non-bank lenders
- Gold, silver prices today: What is driving bullion after Monday’s sharp sell-off
- Gold rates show mixed moves across Indian cities on September 29
- Gold falls 2.4%, silver 3.5% on MCX: What is driving the sell-off
- Gold and silver ETFs fall as bullion prices slide amid higher yields and Fed rate-hike fears
- Gold, silver prices tumble up to 2.8%: What investors should watch this week