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MCX
Trends
- 1
State Bank of India reported a 14% rise in second-quarter net profit, leading a busy corporate earnings day in India. Bajaj Finserv, Pfizer, Solar Industries, Emcure Pharma, Zydus Wellness and Yatharth Hospital also posted profit growth, while AIA Engineering saw a decline. NSE, Fortis, Lupin, MCX and others are set to announce their Q2 numbers in the coming days.
- 2
Gold and silver rates have dropped sharply in India ahead of Diwali, with 24-carat gold trading around 13,760 rupees per gram. Reports say the correction has lifted festive hopes among jewellers, who are seeing buying interest pick up. Some shoppers are still holding back, however, wondering whether prices will fall further before making big purchases.
- 3
Gold and silver prices have dropped noticeably in India, with bullion markets such as Ujjain's sarafa bazaar reporting lower rates ahead of the festive season. On the Multi Commodity Exchange, analysts at Axis Securities are advising clients to sell gold contracts below 145,600 rupees, targeting 144,000 and 143,000. Traders and buyers are watching whether the dip continues or brings festival-season buyers back into the market.
- 4
Interest in 22 carat gold rates is rising in India as traders weigh the impact of the latest US Federal Reserve decision on bullion prices. Market commentary is asking whether investors should buy gold and silver on dips or prepare for further volatility, with movements on MCX feeding directly into domestic 22K jewellery rates.
- 5
Gold and silver rates on India's MCX have fallen sharply ahead of Diwali, offering relief to jewellery buyers. Sakaal Times-group coverage notes a major dip in precious metal prices just before the festival shopping season, while Axis Securities is advising traders to sell gold below 147,000 rupees with targets around 145,500, reflecting a bearish short-term outlook across bullion.
- 6Gold and Silver Slip on MCX as Fed Decision Looms●🟠 UPDATE Treasury Yields Rise Ahead of Fed Decision Gold and silver prices traded lower on the MCX as investors turned c
Gold and silver prices fell on India's Multi Commodity Exchange as investors turned cautious ahead of the US Federal Reserve's policy decision. Rising US Treasury yields pressured precious metals, with traders awaiting clarity on the Fed's interest rate path before making fresh bets.