Religare Broking Podcast

Gold at MCX  is currently up 0.17 percent but prices have pulled back from 49675, and are trading near the 49500 level at present.

Markets plunged sharply lower and lost over one and a half percent, pressurised by weak global cues.

Markets traded volatile on the expected lines and shed over a percent, mainly pressurized by weak global cues.

The rise in DX, the latest news of tax cuts being announced in the UK, and PMI figures showing the downturn in Britain's economy have weighed over the bullion markets today.

Markets remained volatile on weekly expiry day and shed half a percent, pressurised by feeble global cues.

Gold prices opened lower after the Federal Reserve flagged more interest rate hikes.

Markets traded volatile for yet another session and lost over half a percent.

Gold has trended higher after the Russian President Vladimir Putin's partial mobilization announcement re-ignited some safe-haven interest in bullion, although a strong dollar and expected U.S. rate hikes capped gains.

Markets gained for the second consecutive day amid supportive global cues.

Gold is trending lower as the market prepares for further policy tightening measures from the Federal Reserve.