Spot gold in the London market breached $4,350 an ounce this week, marking a historic high. In India, prices have soared past ₹1,31,000 per 10 grams, in MCX, just ahead of the festive season.
Over 10 mutual funds increased exposure to stocks like Multi Commodity Exchange of India, GE Vernova T&D India and National Aluminium Company in February, with
Nomura has cut its Nifty target by 15% to 24,900, warning of a further 5% downside amid geopolitical tensions, rising oil prices and weakening flows.
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