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Today’s stock market: In early morning trading on the NSE, Manappuram Finance’s share price reached a new 52-week high of 133.40. Within a few minutes of Tuesday’s stock market opening bell, Manappuram Financial shares posted an intraday gain of more than 4%. The stock market opened today with an upside gap. Manappuram Financial shares are…
Today’s early morning deals saw a near 5% increase in gold prices, while domestic market silver prices today reached a 32-month high. Today’s opening bell at the commodity market saw the June 2023 gold futures contract on the MCX (Multi Commodity Exchange) start higher. Within a short period of time after the market began, it…
In the Asian session, the gold price (XAU/USD) has hit a wall near $1,960. The precious metal’s auction price has dropped below $1,960. This is due to fewer worries about the U.S. banking system and a greater chance that the Federal Reserve will raise interest rates again (Fed). After strong buying on Wednesday, S&P500 futures…
Today’s gold rate: Due to the eased bank crisis in the US, gold prices today soared in early morning trades. On the Multi Commodities Exchange (MCX), the April 2023 gold future contract opened with an upside gap at 58,718 per 10 gm levels and later reached an intraday high of 58,742 per 10 gm. The…
The price of gold (XAU/USD) fluctuates between $1,975 and $1,977 while remaining within a symmetrical triangle that has been in place for one week. As a result of the market’s cautious optimism and the negative United States Treasury bond yields, the precious metal widens the previous week’s losses, the first in four. Gold pricing anticipates…
After the Fed meeting, gold’s price went back up to $2,000. Economists at Commerzbank think that the price of gold will go down again because the market will have to change its expectation of a quick change in interest rates. Robust Swiss Gold exports to Asia in February In February, Switzerland sent a lot of…
In the heels of Wednesday’s increase, gold prices are increasing this Thursday. Dhwani Mehta of FXStreet says that XAU/USD is poised to regain $2,000 soon. In the daily chart, the price of gold is developing a bull pennant.“In the daily chart for gold, a prospective bull pennant is seen. For the bullish continuation pattern to…
When global banking worries subside (for the time being) and US Treasury yields find support, the price of gold declines from its yearly high, supporting a higher US Dollar. The precious metal is still consolidating within a technical uptrend as of this writing, trading around $1,966. News on gold: Banking bailout eases safe-haven inflowAfter Credit…
On Monday, the Multi Commodity Exchange (MCX) saw gold prices leap to an intraday record as investors flocked to safe-haven assets in the wake of the US and European banking crises. The price of the precious metal increased to 60,455 per 10 gm (excluding 3% GST) on the MCX, while it reached a 31-month high…
Due to the US bank crisis, gold prices today on the MCX reached a lifetime high of 59,461 per 10 gm, surpassing the previous high of 58,847 per 10 gm set on Friday. The yellow metal price increased by $1,414 per 10 gm during the weekend session to conclude at 59,420, marking a weekly gain…
