Sebi fines MCX ₹25 lakh for not disclosing ₹222 crore in payments to 63 Moons during delays in shifting to its new trading platform developed by TCS
MCX fined ₹25 lakh by Sebi for failing to disclose timely payments to 63 Moons and delays in migrating to a TCS-developed trading platform
MCX share price: Even though the numbers were good year-on-year (Y-o-Y), sequentially a sharp fall was recorded
Silver is up nearly 17 per cent since its cycle low of around $28.15 made on April 4. Although it is lagging gold, it is up around 14 per cent year-to-date (Y-T-D)
On April 24, spot gold traded between $3,288 and $3,367 as the metal recouped some of its huge loss that occurred due to sell-off on April 22 and 23
The Multi Commodity Exchange of India has issued a public warning against a scam operated by an entity named Khalda Parween using Telegram and a fake website to falsely claim association with MCX
Spot gold surged solidly higher on safe haven demand as trade war intensified with the Trump Administration looking into imports of computer chips, chip making equipment and pharmaceuticals
Stock market holiday 2025: Are stock and commodity markets closed on Friday, April 18, 2025? Check details
Buoyed by safe haven demand, as gold hit a fresh record high of $3,059 on Trump's auto tariffs, and a weaker dollar, spot silver reached a fresh cycle high of $34.40 on March 27
On March 27, spot gold rose to a fresh record high of $3,059 on safe haven demand coming on US imposing auto tariffs. A weaker dollar also boosted the yellow metal
Spot gold was trading at $3,039, down around 0.25 per cent on the day, at the time of writing. The MCX Gold April contract at Rs 88,700 was up around 0.1 per cent
The MCX May silver contract at Rs 99,381 was down around 0.5 per cent. Silver reached $34.23, its cycle high on March 18, before giving back some of its gains
The Nifty PSU Bank index rose 1.46%, or 86.3 points to hit an intraday high of 5,976.75, while the Nifty Bank index increased 0.72%, adding 349.15 points to hit an intraday high of 48,839.10
Disappointing data out of the US viz retail sales, nonfarm payroll (considering the downward revision done by BLS) and NAHB housing Index are positive for the yellow metal
As long as Silver continues to hold above $30 (Rs 88,000), we look for a target of $35 (Rs 103,000) in the coming months
The metal peaked at $32.25 in the Asian session and slumped to $31.25 in the US session before recovering sharply in the wake of the Fed Chair Powell's speech
The metal was trading at $2,906, down nearly 0.40 per cent on the day, whereas the MCX April gold contract was changing hands at Rs 85,540, down nearly 0.32 per cent on the day
The recent uptick in gold prices in 2025 has been led by tariff threats by US president Donald Trump, which in turn have seen investors move away from equities to safer havens.
Support for Silver is at $31.77 (Rs 94,000) /$31.11 (Rs 92,000). Resistance is $32.55 (Rs 96,300)/$33.45 (Rs 99,000)
In its Q3, the company swung back to profit at Rs 160.04 crore from a loss of Rs 5.35 crore incurred a year ago