Gold jewellery sales in India plummeted by 30% recently, averaging 1,600 kg, as prices surged nearly 5%. This decline is attributed to rising gold prices, which dampened consumer demand despite an initial boost following Akshaya Tritiya.
US markets closed mixed as weak June jobs data cooled rate hike fears. Nasdaq fell on tech and chip stock declines, while the Dow rose
Chip stocks experienced a significant downturn, with major AI rally leaders seeing sharp profit-taking after a record quarter. The VanEck Semiconductor ETF plunged over 5%,
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