Sensex: 83,409.69 (-0.20%)

Nifty: 25,405.30 (-0.19%)

anubhai angaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

Technology . Transparency . Trust

Contact Us
Apply For IPO

MARKET

Commodity News Details
Hot Commodities: Bullion slumps $100 amid US-China deal euphoria
12-May-2025 13:27
Gold plunged more than $100 to settle around $3230 on Monday, with MCX futures tumbling below ₹93000 per 10 grams. The precipitous decline was fueled by resurgent confidence in US-China trade negotiations, sapping demand for the yellow metal's haven appeal. Over the weekend, both capitals heralded substantive progress, with Beijing greenlighting formal talks and Washington lauding tangible headway. US Treasury Secretary Scott Bessent is slated to unveil further specifics in an upcoming briefing, likely reinforcing risk-on sentiment. Compounding pressure, the dollar index rallied north of 101.36, rendering bullion costlier for overseas buyers. Geopolitically, the India-Pakistan ceasefire held through Sunday despite sporadic exchanges of fire, offering scant support to bullion. With risk appetite rekindled and the dollar charging higher, gold's upward trajectory has been decisively checked.

Powered by Commodity Insights

Attention Investor
As per CDSL communiqué Kindly update your Email ID, Mobile Number & Income Range in CDSL demat Account on or before 31st May 2021, Non Compliance Account will be INACTIVE after 31st May 2021. | Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors.  | "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account." | "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."    Prevent unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day .......... Issued in the interest of Investors.