Technically, momentum indicators signal a negative trend, and the Nifty remains below its short-term  and medium-term moving averages.

Inflation is rising, company profits are falling, crude oil and gold prices are down, while Bitcoin surges past $81,000, signalling key market shifts.

Gold prices dropped to $2,695 per ounce, compared to $2,707 yesterday, where in Kerala, jewellery prices rose by Rs 680 to Rs 58,280.

Gold rebounds after Trump’s victory as the dollar rally ends and the US Fed cuts interest rates, allowing the dollar to weaken and gold to rise.

Technically, momentum indicators point to a negative trend, with the Nifty closing below its short-term moving averages.

The gold is trading at $2,659 per ounce in the global market, whereas, in Kerala, the price of gold jewellery fell by Rs 1,320 to Rs 57,600.

Nifty closed above short-term moving averages, signaling bullish momentum; resistance at 24,500 could lead to further gains, with Bank Nifty also showing strength.

Optimism grows in India over US trade ties, with the market's future relying on foreign investment trends; gold prices rose in Kerala, but a further global decline is expected.

Trump has publicly embraced digital currencies, and since then, anticipation has been building for the pro-crypto policies he might implement if he returns to office.

There’s speculation that Trump may impose heavy tariffs on Chinese products, which could boost exports from India and also expecting more companies will shift their operations from China to India.