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Markets witnessed a roller coaster ride on the Union Budget day but eventually settled with a marginal cut.
Gold rose sharply in the MCX due to support from the hike in customs duty on silver, which was raised from 6 percent to 14.35 percent.
Markets traded dull in a narrow range and ended marginally in the green, in continuation of the rebound of the previous session.
Gold prices fell today as investor attention moved to several central bank meetings this week for more clarity on their rate hike strategies, with key focus on the U.S. Federal Reserve.
Markets ended marginally higher amid volatility, taking a breather after Friday’s fall.
Gold prices edged lower as investor attention moved to several central bank meetings this week for more clarity on their rate hike strategies, with key focus on the U.S. Federal Reserve.
Markets finally ended a month-long consolidation phase with a breakdown and lost over 1.5%.
Gold has traded with a weaker bias since morning as the previous day’s robust U.S. economic data was seen as fodder for the Federal Reserve to keep interest rates high for longer.
Markets plunged sharply lower on the monthly expiry day and ended with a cut of over a percent.
Gold prices held steady on Wednesday, hovering near a nine-month peak touched in the previous session on expectations of slower interest rate hikes from the U.S. Federal Reserve.
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