2020

Gold slipped in Indian markets on December 31 following a muted trend in international spot prices. On the Multi-Commodity Exchange (MCX), February gold contracts were trading lower by 0.07 percent at Rs 50,098 for 10 grams at 0920 hours. March silver was trading 0.14 percent lower at Rs 68,517 a kilogram. Experts are of the Read More

Gold prices gained on Wednesday as the dollar weakened, with investors looking past a top U.S. Republican leader’s decision to postpone a Senate vote on increased pandemic relief payments. Spot gold rose 0.2% to $1,881.62 per ounce by 0548 GMT. U.S. gold futures were up 0.2% at $1,886.20. “A weaker dollar is enough to create Read More

Gold was trading marginally higher and holding above Rs 50,000 per 10 gm in Indian markets on December 29, tracking a positive trend in international spot prices. On the Multi-Commodity Exchange (MCX), February gold contracts were trading higher by 0.11 percent at Rs 50,070 for 10 gram at 0920 hours. March silver was trading 0.19 Read More

Gold prices jumped 1% on Monday as investors cheered news that U.S. President Donald Trump signed into law a long-awaited pandemic aid bill, with a weaker dollar lending further support. Spot gold was up 1% at $1,894.44 per ounce by 0344 GMT, after hitting a one-week high of $1,900.04 earlier in the day. U.S. gold Read More

Crude oil futures edged lower to Rs 3,545 per barrel on December 24. Crude oil prices declined after a gap up open and turned into negative territory to day’s low in the afternoon session. The US Energy Information Administration (EIA) reported that US crude inventories dropped by 562,000 barrels for the week ended December 18 Read More

Silver prices traded flat to positive at Rs 67,666 per kg on December 24 as participants increased their long positions as seen by the open interest. The precious metal had gained 1.5 percent yesterday on the COMEX. The white metal price recovered along with gold from recent lows as the US dollar index shed some Read More

India Gold February futures slipped in trade on December 23 tracking a muted trend seen in the international spot prices. On the Multi-Commodity Exchange (MCX), February gold contracts were trading lower by 0.06 percent at Rs 50,050 per 10 gram at 0920 hours. March silver was trading 0.03 percent higher at Rs 66,891 per kilogram. Experts Read More

Natural gas futures jumped to Rs 197.50 per mmBtu on December 18 as participants increased long positions. Natural gas price had declined 1.53 percent yesterday on the NYMEX. The US Energy Information Administration (EIA) reported that US natural gas inventories dropped by 122 billion cubic feet (bcf) for the week ended December 11. MCX iCOMDEX Read More

Crude palm oil futures traded firm at Rs 925.50 per 10 kg on December 17. Malaysian palm oil futures jumped 1.15 percent to settle at 3,404 Ringgits on Bursa Malaysia Bhd. Malaysian Palm Oil Board (MPOB) reported Malaysian palm oil stock at 15.64 lakh tons, down by 0.5 percent from last month. Kshtij Purohit, Product Read More

India’s palm oil imports fell 8 percent on year in November to their lowest in five months, as a rally in the price of the tropical oil made soyoil more attractive for refiners, a leading trade body said on Tuesday. The country imported 618,468 tonnes of palm oil in November, down from 672,363 in the same Read More

Crude oil futures edged higher to Rs 3,468 per barrel on December 14. Crude oil price extended gain in the afternoon session after a gap up opening on optimism over the potential vaccine rollout. Oil prices touched levels of $50 for the first time since March, edging higher on optimism surrounding vaccinations, the OPEC+ deal, Read More

Crude palm oil futures traded steady at Rs 910 per 10 kg on December 11 as participants trimmed their position. Malaysian palm oil futures soared 0.56 percent to settle at 3,422 Ringgits on Bursa Malaysia Bhd. The recovery in crude palm oil has been supported by increased purchases by China and anticipation of steep fall Read More

Crude palm oil futures traded firm at Rs 902.80 per 10 kg on December 10 as participants increased their long position as seen by the open interest. Malaysian palm oil futures gained 1.48 percent to settle at 3,408 Ringgits on Bursa Malaysia Bhd. The Malaysian Palm Oil Association (MPOA) expects Malaysian palm oil output to Read More

Gold prices eased on Wednesday as encouraging vaccine developments pushed investors towards riskier equities, although hopes for more U.S. stimulus kept bullion near two-week highs hit in the previous session. Spot gold fell 0.3% to $1,865.46 per ounce by 0309 GMT, after hitting its highest since Nov. 23 at $1875.07 on Tuesday, while U.S. gold Read More

Silver prices declined to Rs 63,050 per kg on December 7 as participants increased their short positions as seen by the open interest. Last week, spot silver prices gained over 6.4 percent to close at $24.2 per ounce in line with the international gold prices. Meanwhile, silver prices on the MCX surged about 6 percent Read More

Gold prices firmed on Friday, set for their first weekly gain in four, as growing optimism over a U.S. fiscal stimulus deal pressured the dollar and boosted the metal’s appeal as an inflation hedge. Spot gold rose 0.2 % to $1,843.99 per ounce by 0310 GMT. U.S. gold futures were up 0.4% at $1,847.90. Gold Read More

Oil prices extended losses on Wednesday, hit by a surprise build in oil inventories in the United States and as OPEC and its allies left markets in limbo by delaying a formal meeting to decide whether to increase output in January. Brent crude oil futures were down by 27 cents, or 0.6%, at $47.15 a Read More

Gold fell on Monday en route to its worst month in four years, as optimism over a coronavirus vaccine-led economic revival prompted investors to buy into traditional risk assets. Spot gold declined about 1 percent to $1,771.22 per ounce by 0452 GMT, shedding 5.7 percent so far this month – its biggest since November 2016. US gold Read More

India on Thursday slashed import tax on crude palm oil to 27.5 percent from 37.5 percent, the government said in a statement, as New Delhi tries to bring down rising food prices. India is the world’s biggest importer of palm oil. It imports around 9 million tonnes of palm oil annually, mainly from Indonesia and Read More

Oil rose for the fourth straight session on Wednesday as the market shrugged off an industry report showing U.S. crude stockpiles rose more than expected, extending a rally driven by hopes that a COVID-19 vaccine will boost fuel demand. Brent crude was up 44 cents, or 0.9%, at $48.30 a barrel by 0743 GMT, having Read More