India Gold October Futures rose marginally higher on September 3 after falling more than 1 percent in the previous session, tracking the positive trend seen in the international spot prices. International Gold prices edged higher following a steep fall in the previous session, as a weaker US dollar and worries over the global economic outlook Read More
Author: Updates McxIndia
Nickel prices jumped to Rs 1,150 per kg on September 1 as participants increased their long position as seen by the open interest. The base metal benefitted from the persistent weakness in the US dollar and positive economic data from China. Chinese manufacturing activities in August, expanded at the fastest pace in 10 years, improved Read More
Gold prices rose on Monday to their highest level in nearly two weeks, as demand was boosted by a weaker dollar and the U.S. Federal Reserve’s new policy framework suggested that interest rates would remain low for some time. FUNDAMENTALS – Spot gold was up 0.4% at $1,971.68 per ounce by 0043 GMT, after hitting Read More
Crude oil futures fell to Rs 3,206 per barrel on August 27 as participants increased their short positions. Prices slipped as the Indian rupee strengthened against the dollar. The US Energy Information Administration (EIA) reported that US crude declined by 4.68 million barrels for the week ended August 21, the fifth week of drawdown. Hurricane Read More
The price of Brent crude oil edged higher on Wednesday, lifted by U.S. producers shutting most of their offshore output in the Gulf of Mexico ahead of Hurricane Laura and optimism over China-U.S. trade talks. But gains were capped amid renewed concern over the coronavirus pandemic, which has squeezed fuel demand, after reports from Europe Read More
Crude oil prices were mixed on Tuesday as traders weighed massive production cuts in the U.S. Gulf Coast from Tropical Storms Marco and Laura against rising coronavirus cases in Asia and Europe. Brent crude oil futures added 5 cents, or 0.1%, to $45.18 a barrel by 0055 GMT, while U.S. West Texas Intermediate crude was Read More
Gold prices dropped to Rs 52,001 per 10 gram on August 21 as participants increased their short positions as seen by the open interest. The precious metal oscillated over Rs 1,100 range during the day before ending the day with a loss of Rs 150 per 10 gram. The bullion metal fell Rs 226, or 0.43 Read More
Technically Mentha Oil market is under short covering as market has witnessed drop in open interest by 5.15% to settled at 129 while prices up 2.4 rupees. Now MCX Mentha Oil is getting support at 996.8 and below same could see a test of 988.9 levels, and resistance is now likely to be seen at Read More
COMEX gold trades moderately lower near $2,005/oz after adding 0.7 percent gain yesterday which marked its second consecutive session in the green. Gold fell as low as $1,985.2/oz in intraday trade yesterday in reaction to upbeat US housing data and some US equity indices hitting record high level but recovered soon to end above the Read More
Copper prices on Tuesday rose by 0.3 percent to Rs 516.60 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 1.55, or 0.3 percent, at Rs 516.60 per kg in a business turnover of 4,355 lots. Analysts attributed the rise Read More
Gold prices declined to Rs 52,170 per 10 gram on August 14 as participants trimmed their positions as seen by the open interest. The precious metal turned choppy and volatile after hitting $2,000/ounce on optimism around COVID-19 vaccine, rebound in the dollar, and rising US treasury yield to end the week with a decline of 3.85 Read More
Silver prices rose to Rs 67,169 per kg on August 13 as participants increased their long positions as seen by the open interest. The precious metal fell 0.3 percent on August 12 on COMEX. The white metal has been witnessing wild swings after a vertical fall from the record highs this week and touched $23.58/ounce Read More
Gold fell below the $1,900 per ounce level on Wednesday as a resurgent dollar prompted investors to reassess their positions after a record-breaking price rally. Spot gold declined as much as 2% to a near three-week low of $1,872.19, resuming its free fall after a brief hiatus in early trade. It was down 1.1% to Read More
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