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Indian Markets Closed for Ganesh Chaturthi as Fed Decision Rattles Gold Prices

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Indian stock markets remained shut on the occasion of Ganesh Chaturthi, halting trading activity for the day. Gold prices experienced significant volatility following a key interest rate decision by the US Federal Reserve. Meanwhile, global oil markets saw a sharp surge, with prices climbing more than $3. The spike in crude oil was triggered by fresh strikes near Saudi Arabia and the strategically critical Strait of Hormuz. These developments kept global financial markets on edge during the holiday session.

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