Gold rallies over 1% to hit fresh all-time high on MCX. More upside ahead?

“Gold and silver traded sharply higher in the domestic markets post the Union Budget announcement, where import duty on gold remained unchanged while an increase in import duty on silver was affected. In the international markets, both the bullions logged gains and closed at their daily highs in view of a slight increase in the interest rate by the Federal Reserve that was widely expected.,” said Rahul Kalantri, VP-Commodities, Mehta Equities.

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