Amidst market volatility, advisors recommend large cap mutual funds for conservative investors seeking safer equity investments. These funds, mandated to invest in top 100 companies, offer inflation-beating returns with lower risk. While some schemes have faced recent underperformance, long-term potential remains, with specific funds highlighted for June 2026.
On June 3, 2026, retail gold prices in India are hovering near ₹15,621 per gram for 24K purity and about ₹14,319 per gram for 22K gold, while silver is trading at roughly ₹2,79,900 per kilogram. Here’s a look at the latest city-wise bullion rates across the country.
Gold continues to drift inside the narrow range without conviction in either direction. Today's bias remains unchanged from yesterday's analysis. The structure is clear: rejection at $4,550-70 resistance zone confirmed multiple times, and the previous swing low at $4,454 holding as the floor for now. Volume is thin. Headlines are competing. Price is consolidating. What happened in the last 24 hours: Gold climbed back above $4,500 on Tuesday after Monday's drop, recovering as a pullback in oil prices helped temper inflation concerns. But the bounce faded into Asian session today and we are back at $4,484. Iranian media reported Tehran suspended communications with Washington in response to Israeli attacks in Lebanon. Trump said talks are still ongoing and indicated a memorandum of understanding with Iran to reopen the Strait of Hormuz could be reached "as soon as next week." Same on-again off-again headlines. The 10-year Treasury yield is holding near the 4.5% area. The dollar remains firm enough to keep gold capped below the $4,550 to $4,576 resistance zone. Money markets price in nearly 68% chance of a Fed rate hike toward end of 2026. Friday is NFP. The week is loaded with potential catalysts but none today are typically gold movers unless they surprise dramatically. 4-Hour Chart -- AsliGold S/R Reading: The 4H view adds critical confirmation to the daily structure. The AG_SR system is showing: Current Price: $4,484 Nearest Resistance: $4,505 (Strength rating x7) - this is significant Nearest Support: $4,436 (Strength rating x17) - this is very strong support ATR: 33.3 HTF Trend: UP (Daily) Key zones from the 4H: $4,654 (x12 strength) - heavy supply zone above $4,505 (x7) - nearest resistance, currently capping price $4,436 (x17) - nearest support, very strong demand $4,222 (x11) - major demand zone deep below The 17-rating strength at $4,436 is the strongest level on the 4H chart. That tells you institutional buyers have been defending this area aggressively. The 7-rating at $4,505 explains why every bounce gets sold there. The setup is tight: Daily chart: range between $4,494 (0.5 Fib) and $4,540 (within resistance zone). Below $4,454 opens further decline. 4H chart: range between $4,436 (x17 support) and $4,505 (x7 resistance). Today's price action is happening between these two zones. The convergence of daily and 4H levels is important. The $4,436-$4,454 area is where multiple structural supports meet. The $4,505-$4,540 area is where multiple resistances cluster. Iran headlines remain unpredictable. The Trump "next week MoU" statement is the kind of headline that can move price 1% in either direction depending on whether the market believes it this time. The trade: Inside the$4,454 vs $4,554.range, this is a chop zone. No directional edge until one of these levels breaks on a closing basis. The strong 4H support at $4,436 plus the daily swing low at $4,454 create a 18-dollar buffer zone. Below $4,436 the structure damages significantly. Above $4,505 on the close, the path opens toward $4,540 and the resistance zone. Above $4,540 close, the trigger at $4,631 comes into view. current bias is corrective even if we see bounce for short term .We need to wait for lower levels to test or need breakout in higher side.
Asia stocks rise past US-Iran jitters; Nikkei hits record high on stimulus cheer
SENSEX drops over 600 points, NIFTY50 opens at 23,415 as IT stocks drag down indices; TCS, HCL Tech among top losers Upstox Why is stock market down today? BSE Sensex, Nifty50 crash around 1% - top reasons for fall The Times of India Sensex falls 800 pts, Nifty near 23,250: US-Iran tensions among key factors behind market decline Moneycontrol.com Stock markets tumble in early trade; Sensex tanks 700 points The Hindu Stock Market LIVE Updates, Sensex Today: Sensex Drops 550 Points Amid Mixed Global Cues NDTV
Indian stock markets opened sharply lower, with Sensex and Nifty both declining nearly 1% in early trading. This downturn was driven by escalating Iran-US war uncertainties and continued foreign institutional investor selling. The market volatility index, India VIX, also saw a significant jump.
Nigerian banks are increasing international spending limits on naira debit cards as improving foreign exchange liquidity continues to strengthen confidence in the country’s financial system.. The development marks a significant turnaround from the period when severe dollar shortages forced banks to suspend or sharply restrict the use of naira cards for overseas transactions. The renewed [...]
Stock Market today: The BSE Sensex plummeted 706.46 points to 73,943.38 in early trade on Wednesday. The NSE Nifty plunged 188.40 points to 23,295.15.
In a surprise move ahead of its investor roadshow, Elon Musk’s SpaceX plans to fix its IPO price at $135 per share to raise a record-setting $75 billion, according to a source familiar with the matter. The rocket and satellite communications company plans to sell 555.6 million shares, the source said. It is aiming for a valuation of $1.75 trillion, two other people said. The listing leads a wave of high-profile private companies preparing to test public markets after years of muted large-cap IPO activity, with SpaceX expected to be followed by artificial intelligence giants OpenAI and Anthropic. SpaceX aims to set records and break tradition with the public offering. A fixed price ahead of presentations to investors and bookbuilding is highly unusual. Companies planning to go public typically set a price range to frame valuation expectations and allow pricing to be adjusted based on investor demand. Strong demand can push the final price to the top of the range, or above it, ahead of the market debut. SpaceX’s roadshow begins on Thursday. It earlier held some “testing the waters” meetings with investors. Mission: Mars and space data centres Musk has rewritten the IPO playbook for SpaceX in many other ways, from planning to give retail investors a larger role in allocations to pushing for early index inclusion, and structuring governance to preserve strong founder control. Advertisement · Scroll to continue The company’s valuation relies on SpaceX dominating technologies and markets that do not yet exist – from Mars missions to AI data centres in space. Reuters previously reported that the company is considering allocating as much as 30% of the offering to individual investors, an unusually large retail tranche aimed at tapping into Musk’s cult-like following and broadening ownership of the company. The IPO is expected to be structured as an all-primary offering, meaning all proceeds would go to the company, and existing SpaceX shareholders will not be able to sell any of their shares in the IPO, the sources said. Musk will be required to hold his SpaceX shares for 366 days after the IPO, one of the sources said, a signal to investors of his commitment to the company. Proceeds of the IPO will be used for purposes including expanding AI computing resources and SpaceX’s satellite network, the source added. SpaceX merged with Musk’s AI startup xAI earlier this year in a deal that valued the rocket company at $1 trillion and the developer of the Grok AI chatbot at $250 billion. The company has no direct peers, making valuing the company subject to interpretation. Morningstar placed a $780 billion price tag on SpaceX, 48% below its current private-market valuation, according to a June 1 research note. Most of that comes from its Starlink satellite communications business, which drove most of its revenue, profits and growth last year. SpaceX, however, has tied most of its growth prospects to AI, and its plans rely on yet-to-be-built technologies for a significant portion of future revenue, including solar-powered data centres in space, as it targets a potential $28.5 trillion market, Reuters previously reported. At a $1.75 trillion valuation with the company booking revenue of $18.67 billion in 2025, SpaceX would trade at a trailing price-to-revenue multiple of 93.7 times. On the same basis, space company Rocket Lab is trading on a multiple of 118, data analytics firm Palantir Technologies at 81, and Tesla at nearly 17. SpaceX cannot be evaluated on a price-to-earnings basis as it reported a net loss last year. Mega IPO wave The listing is expected to kick off a wave of mega IPOs, with SpaceX, OpenAI and Anthropic together poised to add almost $4 trillion in market capitalisation to public markets and intensify competition for investor dollars. For many investors, the bet is as much on Musk as on SpaceX. His track record at electric-vehicle company Tesla and his ability to galvanise retail traders could likewise spur strong demand for shares, as his reputation has done for past ventures. Still, two of SpaceX’s three businesses are burning cash, with only its connectivity segment, home to the Starlink satellite constellation, generating profits and widely viewed as the company’s cash cow. SpaceX revenue rose to $4.69 billion in the three months ended March 31 from $4.07 billion a year ago. Losses widened to $1.27 per share versus 18 cents per share over the same period. In 2025, it swung to a net loss of $4.94 billion from a profit of $791 million. Since a large part of SpaceX’s pitch to investors hinges on Musk, some corporate governance concerns could give investors pause, experts have said. Measures, including a dual-class share structure laid out in the IPO prospectus, concentrate voting power in the hands of Musk and a small group of insiders. SpaceX is aiming to trade on the Nasdaq under the ticker symbol “SPCX.” The debut is expected on June 12, two of the sources said. Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup and J.P. Morgan are the joint book-running managers for the offering, leading a syndicate of global investment banks underwriting the deal.
Trump signs an executive order that invites vetting of top AI models for national security risks
BitcoinWorld Bitcoin Dips Below $66,000: Market Context and Key Levels to Watch Bitcoin has slipped below the $66,000 mark, according to market data from Bitcoin World. As of the latest update, BTC is trading at $65,939.95 on the Binance USDT trading pair, marking a notable decline from recent highs. The move comes amid a broader market pullback that has seen several major cryptocurrencies retreat from their recent [...] This post Bitcoin Dips Below $66,000: Market Context and Key Levels to Watch first appeared on BitcoinWorld .