New Delhi, May 13 -- Shares of Senco Gold surged for the second consecutive session on Tuesday, May 13, hitting the 5 percent upper circuit amid a sharp correction in gold prices , which had recently crossed the Rs.1,00,000 per 10-gram mark in India before retreating sharply. The stock reacted positively as investors anticipate improved demand dynamics and easing input volatility following a significant drop in gold rates.

On Monday, gold futures for June 2025 delivery on MCX plunged by more than 4 percent or Rs.3,930 to settle at Rs.92,588 per 10 grams. In early trade on Tuesday, the metal remained flat, with MCX Gold June 5 contracts up just 0.06 percent at Rs.92,955 per 10 grams.

Internationally, gold also traded near a one-week low ...