Meanwhile, CP rates have increased by up to 50 basis points since the second-third weeks of July, amid a higher supply of papers coupled with expectations of more rate hikes by the central bank.
Expect a big move in metals; stick to quality largecaps: Gautam Shah
Gautam Shah of Goldilocks Premium Research suggests gold may consolidate after reaching a short-term peak. He anticipates a significant rally in metals, forecasting the metals