Page 34 - Multi Commodity Exchange News Today

After a technology upgrade, the Multi Commodity Exchange of India (MCX) appears poised for an improvement in volumes. The premier commodity and forex exchange reported a loss of Rs 19.1 crore in the July-September quarter (second quarter, or Q2) of 2023-24 (FY24). This was attributed to higher software charges payable under an extended service agreement with 63 moons technologies and a one-off cost towards core guaranteed funds (CGF).

News of a temporary halt in fighting between Israel and Hamas did not trigger any major move in the market

The new Samvat 2080 is viewed as a year of hope for industrial and precious metals. A key reason is the expectation of US interest rates peaking, followed by a reduction in the coming months. Regarding crude oil, its trajectory depends more on how the situation unfolds in West Asia.

Gold Price Today 22 November 2023: Both gold and silver are trading on the lower side of the Multi Commodity Exchange (MCX) on Wednesday. Check the latest city-wise prices here.

The retail price of gold is the amount it's sold to customers in the country.

Analysts say minutes of FOMC meeting indicate that it is likely to hold rates for now

Gold rate today: In Chennai, the price for 10 grams of 22-carat gold is Rs 57,050, and for the same amount of 24-carat gold, it's Rs 62,230.

Dollar weakens as investors expect US Federal Reserve to cut interest rates next year

Gold holds great significance in India due to its cultural importance, investment value, and longstanding role in weddings and festivals.

Reports of a ceasefire between Israel and Hamas could impact gold prices, analysts say