Sensex: 83,239.47 (-0.15%)

Nifty: 25,364.45 (-0.16%)

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

Technology . Transparency . Trust

Contact Us
Apply For IPO

MARKET

Commodity News Details
MCX gold reclaims ₹94000, jumps ₹1300 on US credit downgrade
19-May-2025 14:39
Gold prices rebounded above $3250 per ounce in Asian electronic trades on Monday after suffering their steepest weekly fall in six months. Safe-haven demand picked up following Moody's decision to downgrade the US government's credit rating, citing large fiscal deficits and rising interest costs. Last week, bullion dropped over 3% as improved risk sentiment from the US-China trade truce weighed on the market. The two countries agreed to a 90-day pause on most tariffs, easing global recession fears. Meanwhile, weak US economic data and slowing inflation have strengthened expectations of further interest rate cuts by the Federal Reserve later this year. On MCX, June gold futures surged past ₹94000, gaining over ₹1300 in early trade.

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.