XAU/INR Price & Performance (XAUINR)

Indian equity markets extended their upward momentum, with the Sensex climbing 148 points to 75,449.05 and the Nifty closing at 22,907.60. Realty and energy sectors led the gains, while IT lagged. Broader indices outperformed, with midcap and smallcap indices surging over 2%. Investors await the U.S. Fed's policy outcome.1

The NIFTY NEXT 50 index rose by 204.40 points or 0.34%, closing at 61,175.80. The broader market sentiment remained positive, with a 1-week return of 3.18%. Technical indicators suggest moderate momentum, with the RSI at 55.36 and the Stochastic at 95.93. Investors remain cautious ahead of global economic events.2

The Indian rupee appreciated to 86.4425 per U.S. dollar, marking its highest level since late January. Seasonal inflows and dollar sales by foreign banks supported the currency, even as regional peers weakened. Analysts highlight the central bank's likely intervention to rebuild reserves as a factor stabilizing the rupee.3