Gold slipped below Rs 48,500 per 10 gm in Indian markets on November 25 as investors shifted focus on risky assets. On the Multi-Commodity Exchange (MCX), December gold contracts were trading lower by 0.26 percent at Rs 48,460 per 10 gram at 0920 hours. December silver was trading 0.25 percent lower at Rs 59,472 per Read More
2020
Gold extended declines to a four-month trough on Tuesday as investors dived into riskier assets following drugmaker AstraZeneca’s boost to the coronavirus vaccine race and a U.S. federal agency’s White House transition approval for Joe Biden. Spot gold fell 0.5% to $1,825.99 per ounce by 0545 GMT, having earlier slid to its lowest since July Read More
Gold climbed higher on Monday, as a softer dollar and hopes of further U.S. monetary stimulus to cushion the pandemic-hit economy offset optimism over the possibility of a COVID-19 vaccine rollout next month. Spot gold rose 0.2% to $1,873.51 per ounce by 0510 GMT and U.S. gold futures were little changed at $1,871.70. U.S. Treasury Read More
Gold was trading flat in but above the important Rs 50,000 per 10 gm mark in the Indian markets on November 20, tracking a muted trend in international spot prices. On the Multi-Commodity Exchange (MCX), December gold contracts were trading higher by 0.10 percent at Rs 50,040 per 10 gram at 0920 hours. December silver Read More
Gold recovered from a more than 1% dip on Monday as investors weighed immediate concerns over rising coronavirus cases and bets on further economic support even as Moderna became the second drugmaker to declare effective vaccine test results. Spot gold was steady at $1,887.10 per ounce. U.S. gold futures settled 0.1% higher at $1,887.80. Bullion Read More
Gold prices were little changed on Tuesday, as concerns over spiking U.S. coronavirus cases offset pressure from vaccine optimism brought about by a positive vaccine trial data. FUNDAMENTALS * Spot gold was unchanged at $1,887.99 per ounce by 0050 GMT, while U.S. gold futures were up 0.1% at $1,888.70. * Bullion dropped as much as Read More
Gold prices touched a one-week high on Monday propped up by a weaker dollar, while mounting US coronavirus cases escalated concerns of the pandemic’s impact on economic recovery underpinning hopes of further monetary stimulus. Spot gold rose 0.5 percent to $1,896.85 per ounce by 0329 GMT, after hitting its highest level since November 9 at Read More
Natural gas futures traded lower at Rs 222.40 per mmBtu on November 13. Natural gas price had declined 1.8 percent yesterday on the NYMEX and traded weaker today as market players positioned for the EIA weekly inventory report. The forecast of a mild winter in some parts of the US in the early part of Read More
Prathamesh Mallya remains bullish on gold prices given the huge gush of liquidity and feels the possibility of Rs 56,000 per 10 gms mark looks very much likely for the yellow metal. He believes Sovereign Gold Bonds by Government of India is one of the best possible options for gold investors on this Dhanteras day, Read More
Brent crude has fallen nearly 36 percent from the start of 2020 to trade around $42 per barrel (bbl) as demand significantly reduced due to lockdowns, trade and movement restrictions by countries to curb the spread of the novel coronavirus. However, 2021 will show signs of a recovery in the beaten down price of oil, leading commodities analyst Read More
Silver prices climbed to Rs 62,175 per kg on November 10 as participants increased their long positions as seen by the open interest. The precious metal traded firm today after a steep fall of 6.86 percent yesterday on MCX. The white metal was getting support from improving manufacturing activity globally and general optimism about China. Read More
Copper prices trade lower at Rs 526.30 per kg on November 5 as participants increased their short position as seen by the open interest. The red metal pared earlier gains and traded in the negative zone. Base metals have had a volatile session and the choppiness may remain for a few more sessions until there Read More
Cotton futures rose to Rs 19,720 per bale on November 5 as participants widened their positions as seen from open interest. Cotton futures in the domestic market ended flat yesterday at Rs 19,660 per bale on the MCX. Mohit Vyas, Analyst at Kotak Securities said, ”Despite increasing supply in the physical market, rise in global Read More
Silver prices on November 4 edged lower to Rs 61,448 per kg as participants increased their short positions as seen by the open interest. The precious metal extends decline in the afternoon session tracking the firm dollar. The white metal had gained 1.25 percent yesterday on the COMEX. Silver price is choppy along with gold as Read More
Silver prices edged higher to Rs 60,369 per kg on October 30 as participants increased their long positions. The precious metal ended flat on the COMEX on October 29. Prices have been trading firm, tracking gains in gold, amid a modest retreat in the dollar. The dollar index trades lower at 93.85 levels, down 0.13 Read More
Natural gas futures traded lower at Rs 241.90 per mmBtu on October 29 as participants increased their short positions. Prices declined 0.6 percent on the NYMEX on October 28. After testing the highest level since January 2019, natural gas is struggling to build momentum amid mixed factors and squaring off of positions near contract expiry Read More
Crude palm oil futures trade firm at Rs 828.60 per 10 kg on October 28 as participants trimmed their long positions. Malaysian palm oil futures gained 1.07 percent to 3,098 ringgit on Bursa Malaysia. Exports of Malaysia palm oil during October 1-25 increased 7 percent month-on-month due to robust buying by India and China. The Read More
OPEC’s secretary general said on October 26 an oil market recovery may take longer than hoped as coronavirus inflections rise around the world, and OPEC and its allies would “stay the course” in balancing the market. The Organization of the Petroleum Exporting Countries and allies including Russia made a record oil output cut in April as Read More
Silver prices plunged to Rs 61,536 per kg on October 26 as participants increased their short positions as seen by the open interest. The precious metal had risen 0.57 percent last week on the MCX. Silver prices trade lower tracking weakness in gold prices, firm dollar and impasse over US stimulus. The US dollar index Read More
Crude palm oil futures traded steady at Rs 804.20 per 10 kg on October 23 as participants trimmed their long positions. Malaysian palm oil futures declined 0.81 percent to 2,990 ringgit on Bursa Malaysia Bhd. Prices rallied in the last few days on expectation of lower output from Malaysia and strong export demand. Heavy rains Read More