Commodities & currencyEconomic Times
Gold prices rise above Rs 1.36 lakh/10g, silver slides amid Fed worries
Neutral0
GreyOak summary
Gold prices rose above Rs 1.36 lakh per 10 grams while silver fell over 3% on the MCX. This occurred as India's retail inflation accelerated to 6.09%, breaching the RBI's upper tolerance limit. Rising oil prices and geopolitical tensions fueled inflation concerns, reinforcing expectations for higher US rates and potential RBI rate hikes.
What it affects
- Multi Commodity Exchange of IndiaMCXNeutral 0
MCX reported silver futures falling 3%.Rolling sentiment Positive +15
Source
Read the original at Economic TimesMore Multi Commodity Exchange of India news
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