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Overall, the sentiment remains guarded, with investors closely tracking global developments for cues.
The dollar index futures chart is compelling, suggesting a significant decline over the next 10 to 12 weeks, which will fuel massive rally, says Kedia.
Precious metals remained low on March 24 from their previous close, though prices have mostly rebounded from yesterday's sharp fall, as tensions linked to the Iran conflict continue to disrupt oil markets and support the US dollar.
Liquidity-driven selling is still dominating sentiment. However, this weakness should be viewed as a corrective phase rather than a trend reversal, says analyst.
Crypto analysts estimate that the crypto market is currently navigating a phase of cautious consolidation amid rising macro uncertainty.
Gold prices declined sharply today as the US-Israel conflict with Iran pushed energy prices higher, raising inflation concerns and strengthening the dollar and bond yields.
A balanced approach that combines large-cap exposure with selective participation in emerging narratives can help navigate volatility while staying aligned with the broader growth trajectory of the crypto market, says analyst.
A prolonged stay in India due to such disruptions can unintentionally alter an NRI’s residency status, which determines how their income is taxed.
Gold has tested its support near $4,600 (Rs 1.44 lakh), and silver at around $70, following a period of liquidation by CTAs and institutional players who booked profits to raise cash, says analyst.
The current dip in precious metals is likely to attract festive buying, as occasions like Gudi Padwa, Ugadi, Chaitra Navratri, Eid ul-Fitr, Rama Navami and Mahavir Jayanti provide an auspicious window for purchases.
There are no material concerns on record regarding the bank's conduct or governance. The bank remains well-capitalised and its financial position is satisfactory, the RBI has said
