Gold prices fell for a third consecutive week, pressured by a stronger dollar and fading hopes of a US Fed rate cut. Global economic uncertainty, eased US–China trade tensions, and changes in China’s gold retail policies also impacted bullion demand.
Gold and silver prices tumbled on MCX after the US Fed’s 25 bps rate cut, with gold down 1.51% and silver 0.97%. Caution over future rate cuts and easing safe-haven demand weighed on prices.
Sensex and Nifty surged in early trade amid global market rallies and US Fed rate cut hopes. Fresh foreign fund inflows and strong Q2 earnings from Axis Bank boosted sentiment. Asian markets traded higher; trade talks with the US continue
