Natural gas futures climbed on May 17 as the forecast suggested warmer weather and a decline in rig count. The gas price fell 0.41 percent last week on the domestic bourse. On the Multi-Commodity Exchange (MCX), natural gas delivery for May rose Rs 5.60, or 2.59 percent, to Rs 222 per mmBtu at 14:44 hours IST Read More
Author: Updates McxIndia
Gold symbolizes wealth that appreciates over time, never diminishes, and provides financial security during difficult times. In our country, people buy gold whatever the celebration is, and wonderfully there is one festive occasion in the Hindu calendar ‘Akshaya Tritiya’ when buying gold is considered auspicious. From the ancient times to the modern age, from the Read More
Gold prices fell on Wednesday, as a rise in U.S. Treasury yields and a firmer dollar dented the metal’s safe-haven appeal, while investors awaited U.S. consumer price index data due later in the day. FUNDAMENTALS * Spot gold was down 0.2% at $1,832.73 per ounce by 0109 GMT. * U.S. gold futures eased 0.1% to Read More
Gold prices inched higher on Monday to trade near a three-month peak hit last week after weaker-than-expected U.S. jobs data supported hopes that interest rates will remain low for some time, bolstering the metal’s appeal. Spot gold was up 0.1% at $1,832.26 per ounce by 0315 GMT, after hitting its highest since Feb. 11 at Read More
Oil prices edged up in early Asian trade after a 1% dip in the previous session, as global economic recovery and easing travel curbs in the United States and Europe buoyed the fuel demand outlook while the surging pandemic in India capped prices. Brent crude futures for July were at $68.17 a barrel by 0052 Read More
Oil prices fell on Thursday as gasoline inventories in the United States, the world’s largest oil consumer, rose for a fifth consecutive week although a draw in crude stockpiles helped to underpin prices. Brent crude oil futures fell by 16 cents, or 0.2%, to $68.80 barrel by 0123 GMT, and U.S. West Texas Intermediate (WTI) Read More
Gold prices corrected in the Indian market on May 4 as a stronger dollar and Federal Reserve Chair Jerome Powell’s comments that the US economy was poised for strong growth but would need the bank’s support weighed on the yellow metal. Silver, too, was trading lower by 0.38 percent. On MCX, June gold futures were trading Read More
Gold prices rose on Monday as a retreat in U.S. Treasury yields and worries over surging COVID-19 cases in some countries boosted the metal’s appeal, while palladium held firm after surpassing the $3,000-per-ounce level in the previous session. Spot gold was up 0.3% at $1,773.90 per ounce by 0418 GMT. Trading in Asian hours was Read More
Crude oil futures slumped to Rs 4,763 per barrel on April 30 as participants increased their short positions as seen by the open interest. Crude oil declined on weak China factory activity data, surging coronavirus cases in India, Japan and Brazil despite upbeat US GDP data. The energy commodity extended decline after a gap-down start Read More
Oil prices saw a record rally in the week gone by, posting the biggest weekly gain since early March after experiencing a downward trend for weeks as investors cheered impressive data from China and the US, giving a boost to chances of a quick economic recovery. The International Energy Agency joined the world’s major oil Read More
Gold prices slipped on Tuesday after hitting a seven-week high in the previous session, as a rise in U.S. Treasury yields eclipsed support from a weaker dollar. Spot gold was down 0.2% to $1,766.32 per ounce by 0245 GMT, after hitting its highest since Feb. 25 at $1,789.77 on Monday. U.S. gold futures eased 0.3% Read More
Oil prices rose in early trade on Wednesday, adding to overnight gains, after industry data showed U.S. oil inventories declined more than expected and OPEC raised its outlook for oil demand. Brent crude futures rose 28 cents, or 0.4%, to $63.95 a barrel at 0057 GMT, after climbing 39 cents on Tuesday. U.S. West Texas Read More
Gold slipped on Tuesday as firmer U.S. Treasury yields took some sheen off the yellow metal, with optimism about a quick economic rebound weighing on prices further. FUNDAMENTALS * Spot gold fell 0.3% to $1,728.15 per ounce at 0122 GMT. U.S. gold futures were down 0.2% at $1,729.10 per ounce. * Treasury yields in the Read More
Oil rose on Monday amid hopes that fuel demand is picking up in the United States as the summer driving season approaches and the rollout of COVID-19 vaccinations there accelerates, though increasing case numbers in other countries are set to cap gains. Brent was up 25 cents, or 0.4%, at $63.20 a barrel by 0155 Read More
Silver prices edged lower to Rs 66,932 per kg on April 9 as participants increased their short positions as seen by the open interest. The precious metal had jumped 1.3 percent yesterday on the COMEX. The white metal extended decline in the afternoon session after a gap-down start tracking losses in gold and a stronger Read More
Gold prices rose on Thursday, as yields on longer-term U.S. Treasuries dropped along with the dollar after the Federal Reserve in its latest policy meeting minutes reinforced expectations that interest rates would remain low for some time. Spot gold gained 0.3% at $1,741.85 per ounce. U.S. gold futures rose 0.1% to $1,742.90 per ounce. “Gold Read More
Copper prices were steady at Rs 668.05 per kg on April 1 as participants increased their short positions as seen by the open interest. The base metal traded in the negative territory after a gap-down open, tracking muted global cues. The non-ferrous metal has been trading higher than 50, 100 and 200 days’ moving averages Read More
Natural gas futures declined to Rs 193 per mmBtu, on March 12, as participants increased their short positions as seen by the open interest. Natural gas price had fallen 0.9 percent yesterday on the NYMEX. The energy extended decline in the afternoon after a gap-up started tracking weak global trends. The commodity has been trading Read More
Oil prices rose on Wednesday, supported by an OECD forecast for on global economic recovery and by OPEC+ oil output curbs, though gains were capped by rising US inventories. Brent crude rose 34 cents, or 0.5 percent, to $67.86 a barrel by 1310 GMT and US West Texas Intermediate crude rose 51 cents, or 0.8 Read More
Gold price fell by Rs 594 to Rs 45,976 per 10 gram in the Mumbai retail market on a firm equity market and a sharp sell-off over the weekend in the international market. The precious metal had gained Rs 469, or 1.02 percent, last week in the domestic market. The bullion prices reported a second Read More