Gold prices dipped in early Asian trade after reaching a near three-week high. Investors are booking profits as expectations grow for a U.S. interest rate cut this month. Meanwhile, silver has surged to a record high. Market watchers are awaiting key U.S. economic data to further gauge the Federal Reserve’s next move on interest rates.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj