Gold prices surged to a record Rs 1.19 lakh per 10 grams, with silver also hitting a lifetime high, driven by global political uncertainties and anticipated Fed rate cuts. Despite high prices, Indian consumers continue to purchase gold for tradition and festive occasions, with a growing preference for lightweight jewellery.
US stocks: US market falls as higher oil prices, Treasury yields weigh
US stocks declined on concerns over rising oil prices and higher Treasury yields affecting the market. Investors are cautious due to uncertainty surrounding a potential