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    GOLD PRICES SURGE

    Market Wrap: Auto, metal stocks lift Sensex up 76 points, Nifty above 24,770 on GST relief, Fed rate cut bets

    Indian benchmark indices Sensex and Nifty closed in the green on Monday, lifted by auto and metal shares, as optimism over sweeping GST tax cuts and China’s steel reforms supported sentiment alongside expectations of a Federal Reserve rate cut this month.

    Commodity Radar: Fed rate cut to boost gold's appeal. Buy on dips, says LKP Securities expert

    Domestic gold prices surged to a lifetime high of ₹1,08,060 per 10 gm, supported by rupee weakness, Fed rate cut hopes, and safe-haven demand amid global economic and geopolitical uncertainties.

    Gold pierces $3,600 mark as traders weigh Fed rate-cut bets

    Gold prices hit a record high on Monday. This happened after weak job data in the United States. The data increased the expectation that the US Federal Reserve will cut interest rates. Spot gold increased. The rise was also driven by a weaker dollar and central bank buying. Investors are now waiting for the US inflation report.

    Gold prices hold near record high as Fed rate cut bets, dollar weakness fuel rally. Analysts predict Rs 1.09 lakh target

    Further, silver December futures on MCX were also trading lower at Rs 124079/kg, having fallen by Rs 618 or 0.5%

    Indian billionaires who amassed gold fortunes in Dubai face slowdown

    Indian entrepreneurs are dominating Dubai's retail gold market, building empires from the Gold Souk to high-end malls. Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers, owned by India's wealthiest, benefit from strong cultural ties and a large South Asian expatriate base.

    Asian stocks gain on rate cut optimism, yen dives after Ishiba resigns

    Following weak U.S. jobs data, stocks rose amid expectations of Federal Reserve rate cuts, while the dollar weakened. Japan's yen declined due to political uncertainty after Prime Minister Ishiba's resignation, raising concerns about future monetary policy. Gold prices remained near record highs as investors awaited U.S. inflation data and monitored political developments in France.

    The Economic Times
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