Spot gold was highly volatile amid weak US data and tariff policies. The yellow metal posted a seventh consecutive weekly gain. Poor US retail sales data and Trump’s reciprocal tariffs impacted the market. The US Dollar Index fell over 1 percent. Gold prices are influenced by mixed economic data, political uncertainties, and proposed Ukraine peace talks.
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