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.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20