Gold prices surged on MCX, breaching ₹1 lakh per 10 grams amid Israel-Iran tensions and a weaker dollar. Silver also saw gains, while geopolitical uncertainty and potential oil supply disruptions fueled safe-haven demand. Analysts suggest a ‘buy on dips’ strategy, anticipating further price increases in the coming months, with key support levels to watch.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.