Gold futures opened lower at MCX, mirroring international trends, while silver also saw a dip. This decline marks a significant fall from gold’s peak, though recent volatility has kept prices largely flat. International markets initially rallied on Moody’s US credit rating downgrade but retreated amid ceasefire hopes.
Sebi clears PRIM route for PMS players to invest in mutual funds, SIFs; Rs 25 lakh minimum ticket
Sebi’s board approved PRIM, allowing portfolio managers to invest client money in direct mutual fund plans, ETFs, index funds and SIFs. The new route carries