Sovereign Gold Bonds (SGBs) experienced a significant drop of 8-10% as investors shied away from the secondary market following the government’s withdrawal of tax benefits on capital gains at maturity. This move, coupled with falling gold prices, has prompted wealth managers to advise investors to re-evaluate their investment strategies.
MCX shares gain 3%, surge 12% in just 5 sessions. What’s behind the sharp rally?
MCX shares rose sharply on Wednesday, extending a five-day rally with total gains of 12%. The surge is driven by rising commodity prices and higher