Gold Breaches Rs 1 Lakh: What’s Fueling the Rally and Should You Wait to Invest?

Gold is acting as a buffer in a volatile economic environment.

Indian Markets Rebound a Day After Sharp Decline Triggered by Trump’s Tariff Shock

Hindustan Unilever was the sole gainer among the 30 Sensex stocks yesterday, inching up 0.25% to trade at rupees 2,250.15.

This latest move marks a reversal in trend, leveraging falling crude costs to strengthen the exchequer.

The Nasdaq index has also entered a bear market confirmed on Friday.

Amid rising concerns over a global trade war, gold and silver prices surged on the Multi Commodity Exchange (MCX) early on April 7.

Even before Indian stock markets opened, the Gujarat International Finance Tec-City (GIFT) reflecting similar heavy losses.

Globally, spot gold prices peaked at $3,164 per ounce, fueled by escalating trade tensions and growing investor caution.

The initiative will affect customers nationwide, leading many to seek other means of banking in order to reduce costs.

The auto-settlement facility, launched in April 2020, guarantees claims to be settled within three days.

The phenomenon, which has swept social media, resulted in system-wide errors within the app and its API services.