Gold prices have reached a new peak just before Dhanteras, affecting festive sales. Jewellers anticipate more lightweight jewellery purchases. Investment demand for gold and silver coins remains robust. Platinum is also gaining popularity among men for jewellery. Silver prices have softened due to increased supply, despite a global deficit. Geopolitical tensions and US economic factors are influencing gold prices.
US Stocks: Nasdaq, S&P end lower as tech megacap declines outweigh upbeat chip outlook
Indian markets saw a mixed close on Thursday. While the Nasdaq and S&P dipped due to Big Tech’s AI spending concerns, the Dow edged higher.