&w=3840&q=100)
MCX, Firstsource shares can zoom over 30%, hit new life-time highs: charts
Technical Alert: MCX and Firstsource Solutions stocks have witnessed formation of 'Golden Cross' on the daily chart; and hence are likely to log gains in the coming period.
Rex Cano Mumbai
Listen to This Article
Shares of Multi Commodity Exchange of India (MCX) and Firstsource Solutions (FSL) were seen trading on a divergent note in trades on Friday, May 30, 2025 on the NSE. MCX stock was up nearly a per cent around ₹6,624 levels, while FSL share price slipped 3.5 per cent to ₹381 levels. Technical charts, however, flag a positive development for both MCX and FSL stocks. The daily charts show formation of the 'Golden Cross' pattern also commonly referred to as 'Golden Crossover'. The term 'Golden Cross' or 'Golden Crossover' means that the short-term - 50-Day Moving Average (50-DMA)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
5 hours ago
- News18
Gold Prices In India: Check 22K And 24K Rates Across Delhi, Mumbai, Chennai, More
Last Updated: Gold Price Today: Latest 22k and 24k yellow metal rates in the metro cities like Delhi, Chennai, Kolkata, Mumbai, and many more. Gold Prices In India Today, June 29: Gold and silver prices in India on Sunday remained steady without any price fluctuation. In Mumbai, the price of gold stood at Rs 89,300 per 10 grams for 22-carat and Rs 97,420 per 10 grams for 24-carat. Silver was trading at Rs 1,07,800 per kg in the city. On MCX, gold slid 1.61 per cent to Rs 95,524 per 10 gram, while silver fell 1.36 per cent to Rs 1,05,300 per kg. About the Author First Published: June 29, 2025, 10:57 IST
Mint
a day ago
- Mint
Gold price outlook: MCX gold rate may hit ₹94,000 level as Israel-Iran ceasefire, trade talks dent safe-haven demand
Gold prices on Multi Commodity Exchange (MCX) fell sharply on Friday, tracking losses in the global bullion market, as signs of easing geopolitical tensions in the Middle East with the Israel-Iran ceasefire holding up, and global trade optimism dampened safe-haven demand for the precious metal. MCX gold rate for August futures ended lower by ₹ 1,563, or 1.61%, at ₹ 95,524 per 10 grams. During the session, gold prices hit a low of 94,951, falling by ₹ 2,136, or 2.2%, from its previous close of ₹ 97,087. For the week, MCX gold price slumped 3.61%. MCX silver prices for September futures also declined. The white metal ended down by ₹ 1,468, or 1.36%, at ₹ 1,06,429 per kg. It touched a low of ₹ 1,05,380 during the session. In the international market, comex gold fell over 1.5% to trade below $3,270 per ounce, marking a second straight weekly loss and a nearly 3% decline for the week. 'The slide in gold prices comes as geopolitical risks ease and global trade optimism strengthens, dampening safe-haven appetite. A tentative ceasefire between Israel and Iran held firm, while US Commerce Secretary Howard Lutnick indicated trade frameworks with China and others are nearing completion — fueling risk-on sentiment in markets,' said Jigar Trivedi, Senior Research Analyst at Reliance Securities. Meanwhile, the US dollar dropped over 1.5% to below 97.3, its lowest since February 2022, weighed down by rising expectations of interest rate cuts following US Federal Reserve Chair Jerome Powell's dovish congressional testimony. Gold price next week will be influenced by a slew of factors, including economic data release in the US and European region. 'Key focal points for the coming week include, the progress in US trade talks ahead of the July 9 tariff decision deadline, the ECB Central Bank Forum, with comments expected from top officials including Chair Powell, and US macro data such as Nonfarm Payrolls, ISM Manufacturing & Services PMIs, and trade figures,' Trivedi noted. Gold price is expected to remain under pressure with a bearish bias, according to Jigar Trivedi. 'Comex gold has key support at $3,230 – $3,200 per ounce, while resistance is placed at $3,350 level. MCX gold price for August futures is expected to decline towards ₹ 94,800 – ₹ 94,000 per 10 grams as momentum remains weak,' Trivedi said. Read all Commodity Market news here
Mint
a day ago
- Mint
Gold price outlook: MCX gold rate may hit ₹94,000 level as Israel-Iran ceasefire, trade talks dent safe-haven demand
Gold prices on Multi Commodity Exchange (MCX) fell sharply on Friday, tracking losses in the global bullion market, as signs of easing geopolitical tensions in the Middle East with the Israel-Iran ceasefire holding up, and global trade optimism dampened safe-haven demand for the precious metal. MCX gold rate for August futures ended lower by ₹ 1,563, or 1.61%, at ₹ 95,524 per 10 grams. During the session, gold prices hit a low of 94,951, falling by ₹ 2,136, or 2.2%, from its previous close of ₹ 97,087. For the week, MCX gold price slumped 3.61%. MCX silver prices for September futures also declined. The white metal ended down by ₹ 1,468, or 1.36%, at ₹ 1,06,429 per kg. It touched a low of ₹ 1,05,380 during the session. In the international market, comex gold fell over 1.5% to trade below $3,270 per ounce, marking a second straight weekly loss and a nearly 3% decline for the week. 'The slide in gold prices comes as geopolitical risks ease and global trade optimism strengthens, dampening safe-haven appetite. A tentative ceasefire between Israel and Iran held firm, while US Commerce Secretary Howard Lutnick indicated trade frameworks with China and others are nearing completion — fueling risk-on sentiment in markets,' said Jigar Trivedi, Senior Research Analyst at Reliance Securities. Meanwhile, the US dollar dropped over 1.5% to below 97.3, its lowest since February 2022, weighed down by rising expectations of interest rate cuts following US Federal Reserve Chair Jerome Powell's dovish congressional testimony. Gold price next week will be influenced by a slew of factors, including economic data release in the US and European region. 'Key focal points for the coming week include, the progress in US trade talks ahead of the July 9 tariff decision deadline, the ECB Central Bank Forum, with comments expected from top officials including Chair Powell, and US macro data such as Nonfarm Payrolls, ISM Manufacturing & Services PMIs, and trade figures,' Trivedi noted. Gold price is expected to remain under pressure with a bearish bias, according to Jigar Trivedi. 'Comex gold has key support at $3,230 – $3,200 per ounce, while resistance is placed at $3,350 level. MCX gold price for August futures is expected to decline towards ₹ 94,800 – ₹ 94,000 per 10 grams as momentum remains weak,' Trivedi said. Read all Commodity Market news here Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
