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Market move▼ Bearish for Indian equities
Gold, silver extend losses on MCX as stronger dollar, higher yields weigh on metals
The brief
- Gold and silver futures fell on MCX as the US dollar strengthened and Treasury yields rose
- Lower bullion prices may weigh on Indian gold-loan lenders and jewellery stocks
- Gold prices dip Rs 3,200/10 gram; silver falls Rs 6,700/kg as high oil prices raise rate hike bets. Time to sell?
- MCX revenue seen growing 19% annually through FY30, says Macquarie
- MCX revenue seen rising 19% annually through FY30 on wider investor, product base: Report
- Gold price outlook: MCX gold slips for the week as US Fed rate hike bets rise; what’s next for the yellow metal?
- Indian stock market slides, but 28 Nifty 500 stocks hit fresh 1-year highs this week; MCX, PVR Inox among them
Gold and silver prices amid dollar and yield moves
Gold and silver futures fell on MCX as a stronger US dollar and rising Treasury yields weighed on prices. Kotak sees a cautiously positive medium-term outlook for bullion, but near-term pressure.
Friday, 25 September
Thursday, 24 September
- Gold, silver extend losses on MCX as stronger dollar, higher yields weigh on metals