Gold and silver prices hit record highs on MCX as weak dollar, Fed rate cut hopes, and safe-haven demand boosted buying. Analysts expect volatility amid global trade tensions and rupee weakness, advising a buy-on-dips strategy with gold targeting ₹1,07,000 and silver ₹1,27,000.
Metal stocks slide up to 7% as dollar hits 4-month high; NALCO, Hindustan Copper lead fall
Metal stocks, including NALCO and Hindustan Copper fell sharply on Friday as a surging US Dollar Index and ongoing Iran–Israel/US conflict dented demand. Analysts advise