Gold crosses ₹1 lakh on MCX as Israel-Iran tensions fuel safe-haven demand

June 13, 2025 2:20 PM

Gold crosses ₹1 lakh on MCX as Israel-Iran tensions fuel safe-haven demand

Gold prices on the Multi Commodity Exchange (MCX) opened sharply higher on Friday, breaching the ₹1 lakh mark per 10 grams for the first time. The rally was driven by rising geopolitical tensions in the Middle East, which boosted safe-haven demand for the yellow metal. Silver prices also saw gains in early trade. MCX gold opened at ₹99,500 per 10 grams, up ₹1,108 or 1.12% from the previous close of ₹98,392. Shortly after, prices surged to ₹1,00,403, crossing the psychological ₹1 lak...

Indian markets closed for Eid; Asian equities hit by heavy sell-off

March 31, 2025 10:34 AM

Indian markets closed for Eid; Asian equities hit by heavy sell-off

Indian stock markets remained closed on Monday for Eid-ul-Fitr, while major Asian markets grappled with heavy selling pressure amid heightened investor concerns. Japan's Nikkei 225 dropped 4%, Taiwan's Weighted Index declined 2.97%, and South Korea's benchmark index slipped over 2.5%, reflecting widespread market jitters. On Friday, Indian markets ended in the red, with the Nifty closing at 23,519 points after shedding 72 points, while the Sensex declined by 0.25 percent to settle at 77,414. ...