Mumbai: Following US dollar index slide to a 15-month low on easing US inflation, gold prices today ascended in early morning deals in Indian markets. While the gold futures contract for August 2023 expiry on Multi Commodity Exchange (MCX), yellow metal opened higher at Rs. 59,230 per 10 grams and went to Rs. 59, 288 per 10 grams within a few minutes.
Meanwhile, on July 12, shares of Nazara Technologies, Delta Corp, Zensar Technologies, and OnMobile Global tumbled 1-20 percent after GST Council decided to levy 28 percent GST on online gaming, casinos, and horse racing. The shares of Delta Corp sunk, hitting, the 10 percent lower circuit limit at Rs. 222.15.
While the dollar extended recent losses as markets awaited more signals on where US interest rates will peak, focus turned to upcoming inflation data. The dollar extended overnight losses into the Asian session, with dolla index and dollar index future sincking 0.3%.
The Japenese Yen surged 0.6% to a near one-month high against the dollar. The rate-sensitive South Korean won added 0.1% with focus on upcoming Bank of Korea meeting. The Indian rupee rose 0.2% on Wednesday ahead of the consumer price index (CPI) inflation data.