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Market move▼ Bearish for Indian equities
Gold price outlook: MCX gold slips for the week as US Fed rate hike bets rise; what’s next for the yellow metal?
The brief
- MCX gold fell ₹3,351 per 10 grams for the week
- Higher US Treasury yields and Fed signals weighed on prices
- Lower gold prices may pressure Indian gold-linked businesses and sentiment toward jewellery stocks
- 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?
- Nifty holds 23,000, Sensex up 44 pts; Axis Bank, Asian Paints gain as IT, Pharma drag