2020

After gaining for eight successive days, gold prices declined by Rs 611 to Rs 55,515 per 10 gram in the Mumbai market on the back of an appreciating rupee versus the dollar. Prices came under pressure after positive economic data from the US and China, but escalating tensions between the US and China capped the downside. Read More

Natural gas futures rose Rs 169.3 per mmBtu on August 10 as participants increased their long positions. Prices gained a whopping 24 percent last week on the NYMEX, testing the highest level since December 2019. The commodity was supported by the forecast of hot weather in some parts of the US and expectations of higher Read More

Copper prices on Monday rose by 0.64 percent to Rs 505.25 per kg in futures trade on pick-up in spot demand. On the Multi Commodity Exchange, copper contracts for August delivery traded higher by Rs 3.20, or 0.64 percent, at Rs 505.25 per kg in a business turnover of 3,989 lots. Analysts attributed the rise Read More

India October gold futures rose higher on July 31, tracking international spot prices that remained firm amid weak dollar and worries over the global economic fallout from the mounting coronavirus cases. Spot gold was steady at $1,958.99 per ounce. Bullion has risen 10 percent, so far, this month, its biggest percentage rise since February 2016. Read More

Natural gas futures rose to Rs 139 per mmBtu on July 29 as participants increased their long positions. Gas price gained 4.4 percent on the NYMEX on July 28. The commodity has been supported by hot weather in parts of the US, increased storm activity in the Gulf of Mexico and expectation of marginal rise Read More

Zinc prices on Tuesday rose by 30 paise to Rs 177.30 per kg in futures trade, tracking a firm trend in physical markets on the back of pick-up in spot demand. On the Multi Commodity Exchange, zinc contracts for July delivery traded higher by 30 paise, or 1.17 percent, at Rs 177.30 per kg with Read More

Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets. Brent crude dipped 14 cents, or 0.3%, to $43.20 a barrel by 0242 GMT, while U.S. West Texas Intermediate (WTI) crude dropped to $41.19 a barrel, down 10 cents, or 0.2%. The Read More

Copper prices on Friday slipped by Rs 5.10 to Rs 507.50 per kg as participants cut down their positions amid muted demand in domestic market. On the Multi Commodity Exchange, copper for July delivery eased by Rs 5.10, or 0.99 percent, to Rs 507.50 per kg in a business turnover of 3,386 lots. Analysts said Read More

Crude oil futures rose to Rs 3,173 per barrel on July 23 as participants increased their long positions on firmness in equity markets, hopes of further stimulus and weakness in the dollar. The US Energy Information Agency reported that US crude inventories rose 4.9 million barrels for the week-ended July 17. Tapan Patel- Senior Analyst Read More

Gold rose on Tuesday, hovering near a nine-year peak hit in the last session, as worries over a spike in COVID-19 cases and expectations for inflation from more economic stimulus measures boosted demand for the safe-haven metal. Spot gold was up 0.1% at $1,817.23 per ounce by 0300 GMT, after hitting its highest since September 2011 at Read More