MCX Gold Rallies +0.72% as Rupee Steadies
WHAT HAPPENED MCX Gold surged to 144100 INR/10g at 01:38 am IST, posting a +0.72% gain from the previous close. The recovery extends intraday volatility following the −0.53% pullback to 146482 INR/10g at 12:57 am IST. USD/INR held flat at 95.05, removing headwinds. Silver mirrored strength at +0.37%, while crude slid −2.24% to 9505 INR/bbl and copper gained +0.80%.
WHAT IT MEANS Gold's overnight rebound signals renewed safe-haven demand after hours of two-way chop. The 144100 level now anchors the session floor following the 142502 trough at 07:17 pm IST. Cross-asset weakness in crude and stable rupee dynamics keep precious metals supported. Traders remain caught between oversold technicals and macro uncertainty.
WHAT TO WATCH The 145000–146000 resistance band. A push above 146482 (12:57 am high) would confirm momentum; a slip below 143500 would signal renewed downside acceleration.
