Gold & Silver Prices Drop Amid Dollar Strength and US Rate Outlook Gold and silver prices continued their decline in Delhi for the fourth consecutive day, driven by a strong US dollar and expectations of sustained high interest rates. On Friday, gold fell Rs 2,840 to Rs 1.5 lakh per 10 grams, while silver hit a two-month low of Rs 2.4 lakh per kilogram, according to the All India Sarafa Association. The yellow metal, priced at 99.9% purity, dropped to Rs 1,50,600 per 10 grams from Rs 1,53,440 the previous day. Silver, meanwhile, plunged Rs 8,040 to Rs 2,40,700 per kg, its lowest level since April 7. Analysts attributed the slump to growing investor preference for the dollar amid anticipation that US interest rates will remain elevated. Saumil Gandhi of HDFC Securities noted that the dollar index reached a one-year high, intensifying pressure on precious metals. "The strength of the US dollar is negatively impacting market sentiment," he said, adding that gold now faces a third weekly loss after reversing from earlier record highs. Pankaj Singh of SmartWealth AI highlighted the correction as a result of prolonged high interest rates, which have pushed Treasury yields higher and increased the opportunity cost of holding non-yielding assets like gold. Internationally, spot gold fell 1.44% to USD 4,148.45 per ounce, while silver dropped 1.51% to USD 64.73 per ounce. Market uncertainty also stemmed from the US-Iran peace agreement, which faced delays due to geopolitical tensions. US Vice-President J D Vance canceled a planned visit to Switzerland, and Iran postponed sending its delegation following Israeli strikes in Lebanon.#us_dollar #mirae_asset_sharekhan #hdfc_securities #all_india_sarafa_association #smartwealth_ai
5 Stocks to Buy for Short Term: Brokerages Bullish on Bharti Airtel and Others; Up to 26% Upside Expected The stock market has seen a shift in focus toward equities showing signs of a rebound, with several shares recovering from recent dips. Technical indicators such as the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and rising trading volumes suggest renewed buying interest. Short-term traders are advised to consider select stocks that could deliver returns of up to 26% following recent corrections. Bharti Airtel is highlighted as a key opportunity, with PL Capital noting that the stock has corrected sharply and is now trading near its key support level of Rs 1,770. The brokerage firm states that the RSI has entered oversold territory and is showing signs of recovery, indicating a potential rebound. At the current market price of Rs 1,807, the stock offers a favorable risk-reward ratio, with a target price of Rs 2,050 and a stop-loss level at Rs 1,700. This setup implies an upside potential of around 13%. Despite a 14.08% decline in 2026 so far, analysts believe the current levels present a strong buying opportunity. L&T Finance is another stock under consideration, with PL Capital noting a 45% correction after hitting a peak of Rs 330 last year. The stock is now showing signs of stability, with early indications of a trend reversal and potential upside. The RSI is consolidating near the oversold zone, suggesting a possible positive reversal. Technical charts indicate the stock is becoming attractive at current levels. At a closing market price (CMP) of Rs 255.75, the target is set at Rs 310, with a stop-loss at Rs 230. Analysts suggest the risk-reward ratio is favorable despite a 20.01% decline in 2026.#bharti_airtel #pl_capital #l_t_finance #hdfc_securities #jupiter_wagons
