MCX gold tops ₹1.63 lakh as rupee hits record low, duty hike amplifies rally
Gold on MCX crossed ₹1.63 lakh with resistance at ₹1,64,000 and upside targets of ₹1,65,000-₹1,66,000, lifted by geopolitical tensions, a record-low rupee at 95.63, and India's import duty hike from 6% to 15%. COMEX gold held $4,700-$4,730; silver traded above ₹2,95,000.
MCX gold crossed ₹1.63 lakh amid geopolitical tensions, record-low rupee at 95.63, and India's import duty hike to 15% from 6%. COMEX gold held $4,700-$4,730; silver above ₹2,95,000. Resistance seen at ₹1,64,000.