Page 60 - Multi Commodity Exchange News Today

For the yellow metal, Fitch's rating downgrade of the US is a positive, but robust economic data there has heightened fears of further rate hikes

Market regulator Securities and Exchange Board of India (SEBI) has cancelled the registration of MMTC Ltd, also known as Metals and Minerals Trading Corp of India, a state-owned broker for involvement in illegal paired contracts on the now-defunct National Spot Exchange Ltd (NSEL).

While cancelling the licence, Sebi directed MMTC to allow its existing clients to withdraw or transfer their securities or funds held by it within 15 days.

Experts say gold gained more than 2% in July, the biggest monthly rise in four months

Gold rate today in India: On Multi Commodity Exchange, gold futures maturing on October 05, 2023 were trading at Rs, 59,824.

Analysts say that geopolitical factors and higher crude oil prices are positives for gold

Gold price today in India: The gold rate is largely determined by the demand and supply of gold in the market.

During the quarter that ended June 30, 2023, MCX's total income witnessed a notable rise of 8 per cent, reaching Rs 166 crore as compared to Rs 154 crore in the sequential quarter that ended on March 31, 2023. Moreover, the operating income exhibited a growth of 9 per cent and stood at Rs 146 crore, up from Rs 134 crore in the previous quarter (Q4 FY22-23).

Gold rate today in India: Check gold rates today in different cities on July 28, 2023

Experts day fundamentals of gold are weak as possibility of a Fed rate cut possibility has become the only positive cue