Branch² Intelligence
Gold Prices In India: Check Rates In Mumbai, Delhi, Chennai, Kolkata, Bangalore And Hyderabad
Key takeaway
Gold prices in India rose to ₹1,45,350/10g on MCX amid Middle East tensions, reflecting safe-haven demand.
- Step 1Middle East tensions trigger safe-haven gold buying, pushing MCX gold to ₹1,45,350/10g.
- Step 2Jewellery SMEs face higher input costs, squeezing margins and requiring additional working capital.
- Step 3Gold loan NBFCs benefit from higher collateral values, but consumer demand for gold jewellery may decline due to price sensitivity.
Source: IN:NDTV Profit
This is automated analysis for information only. It is not investment advice, not a recommendation, and not a solicitation to buy or sell any security. Branch² is not authorised or regulated. Do your own research.