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Gold and silver opened sharply lower on MCX Monday as soaring energy prices dampened hopes of near-term U.S. rate cuts. MCX April gold fell Rs 1,811 to Rs 1,56,655/10g, while May silver dropped Rs 4,335 to Rs 2,55,101/kg. Rising oil prices and inflation are keeping precious metals under pressure, with futures expected to weaken further amid geopolitical uncertainty.
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IndiGo share price rose over 2% after it introduced a fuel surcharge effective March 14, 2026, due to a significant surge in jet fuel prices amid Middle East geopolitical tensions. The airline will charge Rs 425 per sector for domestic and Indian subcontinent flights, and Rs 900-Rs 2,300 for international routes.
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Global tensions and rising oil prices are causing market swings. Indian markets are correcting, creating chances in power, infrastructure, and auto sectors. Investors should stay disciplined and focus on long-term growth. Foreign investors are selling, while domestic inflows continue. The rupee is weakening, impacting inflation and imports. Crude oil above $100 poses risks but forex reserves offer some buffer.
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