Indian investors are closely watching U.S. economic signals amid concerns over a cooling labor market and tech stock volatility. Worrisome jobs data and a prolonged government shutdown are creating uncertainty, prompting a cautious approach. Attention now shifts to secondary economic reports and upcoming corporate earnings, particularly from tech giants like Nvidia, for further clues on market direction.
Gold demand in India seen falling as prices surge, investment buying rises
India’s gold consumption is projected to drop to 650–700 tonnes this year as a sharp price rally hurts jewellery demand. Investment buying remains strong, with