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Daily Reports

Precious metals turn topsy-turvy.

Daily Report

Reading Time: 2 minutes Gold prices are displaying topsy-turvy moves at around $1,630 ahead of Fed Powell’s speech. Fed’s chosen approach for the remaining 2022 will set the grounds for the rate hike cycle of 2023

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Rupee Depreciation supports domestic bullion prices

Daily Report

Reading Time: 2 minutes US Dollar Index has printed a fresh two-decade high above 111.7 after FED raised 75bps Interest rate. This has led to depreciation in USDINR, which is trading at lifetime low around 81. Depreciating rupee has supported domestic bullion prices even though, international gold prices are trading weak

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