livemint_marketsabout 2 hours ago
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Published on the original source: 1 Apr 2026, 10:14 AM IST
Gold rate today in India tops ₹1.51 lakh on ceasefire hopes in the US-Iran war. US dollar, US Fed rate cut in focus
Read original sourceAI Analysis
The broad market is experiencing a significant rally driven by geopolitical de-escalation hopes, contrasting with gold's initial safe-haven surge. This suggests a shift from risk-off to risk-on sentiment.
Trading Insight
Maintain a bullish bias on Nifty/Sensex, focusing on large-cap stocks, but be mindful of potential profit-booking after the sharp rally.
Quick check: NIFTY neutral, SENSEX neutral.
Key Evidence
- •Gold price future contract on MCX for June 2026 expiry opened upside and touched an intraday high of ₹1,51,870 per 10 gm.
- •Sensex jumped 2,000 points in early trade, Nifty above 22,900, indicating a strong equity market rally.
- •The rally in equities is attributed to hopes of de-escalation in the US-Iran conflict.
- •Indian Rupee recently fell below 95 against the US Dollar, indicating currency volatility.
- •Risk flag: Any resurgence of geopolitical tensions could reverse the equity rally and boost gold.
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