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Gold rate today in India crashes over ₹1,800/10 gm as inflation fears dent US Fed rate-cut buzz. US-Iran war in focus
Gold rate today: Amid rising crude oil prices and inflation concerns, gold prices declined, with MCX gold opening at ₹1,60,651 per 10 gm
Gold near ₹1.60 lakh per 10 grams in India, silver slips to ₹2.65 lakh per kg
Gold and silver prices fell in India on March 9, tracking global market weakness. Gold futures on MCX dropped 0.83%, while silver slipped 1%, influenced by rising crude oil prices and a stronger US dollar.
Gold, Silver Rates Today LIVE: MCX gold rate falls below ₹1.61 lakh, silver slips 1% on strong dollar amid US-Iran war
Gold, Silver Rates Today LIVE: The US dollar hovered near a three-month high, making bullion more expensive for holders of other currencies. The surge in crude oil prices stoked inflation fears and delayed rate-cut expectations, weighing on the safe-haven demand and pushing gold prices down.
Sophisticated traders can't seek court rescue after losses, rules Bombay HC in MCX case
Upholding MCX's negative crude oil settlement of April 2020, HC ruled that traders who voluntarily assume market risks cannot seek judicial intervention merely because an unprecedented event resulted in heavy losses. The court held that MCX had acted in accordance with the contract specifications linked to NYMEX prices and declined to undo completed settlements.
Taking Stock: Market recovers but Nifty ends below 24,000; Sensex falls 583 pts
More than 100 stocks touched their 52-week high on the BSE, including Himadri Speciality, HFCL, Sai Life Sciences, Coal India, Hitachi Energy, Navin Fluorine, ONGC, Apar Industries, MCX India, Lloyds Metals, Chennai Petro, among others.