Gold prices experienced a decline of 0.92%, settling at Rs 157,616. This movement reflects the increasing expectations surrounding higher U.S. interest rates, coupled with ongoing inflation concerns that are tied to geopolitical tensions in the Middle East. Escalating uncertainty surrounding U.S.-Iran peace negotiations has led to a more than 3% increase in Brent crude prices, Read More
Gold and silver prices exhibited a mixed opening on the Multi Commodity Exchange of India on Monday, as stalled US-Iran peace negotiations propelled oil prices upward. This development has heightened concerns that persistently high inflation could compel central banks to maintain elevated interest rates for an extended duration. Expectations for a swift resolution to the Read More
Silver was observed trading close to $73 following a decline of more than 3%. The closure of the Strait of Hormuz has resulted in a disruption of 20% of global oil flows. Concerns regarding inflation escalated due to the most significant supply shock. Elevated rate expectations exerted pressure on non-yielding metals. Anticipation surrounds pivotal central Read More
