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Market move● Neutral for Indian equities
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?
The brief
- MCX gold fell ₹3,200 per 10 grams and silver dropped ₹6,700 per kg
- Higher oil prices raised inflation concerns and expectations of further US rate hikes
- 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