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Market move▼ Bearish for Indian equities
Gold falls 2.4%, silver 3.5% on MCX: What is driving the sell-off
The brief
- MCX October gold fell 2.42%; silver prices dropped 3.5%
- Higher US Treasury yields, a stronger dollar and elevated crude oil prices drove the sell-off
- Lower bullion prices may pressure Indian gold miners, jewellery stocks and MCX-linked activity
- 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