Gold prices on Tuesday hit their highest in nearly three weeks, as a pullback in the dollar made bullion less expensive for holders of other currencies, while investors awaited minutes from the U.S. Federal Reserve for clarity on monetary policy. Spot gold was up 0.4% at $1,798.46 per ounce, as of 0315 GMT, its highest Read More
Author: Mcx Live Updates
Silver prices climbed for the fourth successive day on July 5 on dollar weakness and firm gold and industrial metal prices. The precious metal had risen Rs 2,407 or 3.55 percent last week on the MCX. The white metal traded in the positive territory after a gap-up start tracking the firm global trend. The semi-precious Read More
Crude oil prices are remaining range-bound as delay in OPEC+ decision on output increase has caused some uncertainty amid the prospect of higher demand. The price is less than 1 percent away from a fresh 52-week high. The energy commodity traded in a narrow range after a gap-up start tracking the subdued global trend. On the MCX, crude Read More
Gold was hovering around an over two-month low on Wednesday as investors awaited U.S. jobs data for further clarity on the Federal Reserve’s policy stance, with the precious metal heading for its worst monthly drop since November 2016. Spot gold eased 0.1% to $1,763.63 per ounce as of 0254 GMT, having touched its lowest since Read More
Silver prices edged lower on June 29 tracking weakness in gold prices and dollar weakness. The precious metal has been stuck in a narrow range amid a lack of clear direction in gold or industrial metals. The white metal extended decline in the afternoon session after a negative start tracking weak global cues. The semi-precious Read More
Petrol and diesel prices were kept unchanged on June 28 after reaching new record highs on the previous day, according to a price notification by state-owned fuel retailers. The increase on June 27, second in as many days and 31st in less than two months, took rates across the country to fresh highs with Bihar Read More
Gold prices were little changed in the domestic futures market in early trade on June 25, mirroring trends of the global markets. On the Multi-Commodity Exchange (MCX), August gold contracts were trading with a nominal gain of 0.02 percent at Rs 46,880 for 10 grams at 0950 hours. July silver futures were trading 0.19 percent Read More
Crude oil prices rose on Tuesday, with Brent hitting $75 a barrel for the first time since April 2019, as investors remained bullish about a quick recovery in global oil demand and as concerns eased over an early return of Iranian crude. Brent crude futures for August climbed 29 cents, or 0.4 percent, to $75.19 Read More
Natural gas futures traded lower on June 21 on easing demand in coming weeks amid mixed weather outlook. The gas prices declined 0.74 percent last week on the MCX. The energy price traded in the red after a gap-down start tracking weak global cues. On the MCX, natural gas delivery for June fell by Rs 2.40, or Read More
Petrol and diesel prices were kept unchanged on June 17 after reaching new record highs on the previous day, according to a price notification by state-owned fuel retailers. As the prices did not change on the day, petrol remained sold at Rs 102.82 per litre while diesel at Rs 94.84 per litre in Mumbai. Maharashtra’s capital, Read More
Gold prices fell on Wednesday for a fourth straight session, hurt by a stronger dollar as investors awaited the outcome of the U.S. Federal Reserve’s latest meeting for clues on possible tapering of economic support measures. Spot gold was down 0.1% at $1,857.55 per ounce, by 0320 GMT. U.S. gold futures were steady at $1,857.50. Read More
Gold prices slipped as much as 1.7% on June 14, as some investors feared the U.S. Federal Reserve may outline a path for scaling back its expansive monetary policy at a two-day meeting this week. Spot gold fell 0.7% to $1,863.98 per ounce by 1:43 p.m EDT (1743 GMT) after hitting its lowest level since Read More
Natural gas futures scaled fresh high for the June series in the intraday trade on June 11 on the MCX as participants raised their bullish bets as seen by the open interest. The gas prices had gained 0.6 percent June 10 on the NYMEX. The energy price traded in the positive territory after a gap-up Read More
Silver prices edged lower on June 10 as investors looked forward to US inflation data that could shape the course of the Federal Reserve’s monetary policy. The precious metal was weighed down by softness in gold, industrial metals and a stronger dollar. The semi-precious metal has been trading higher than 50, 100 and 200 days’ Read More
Oil prices lost more ground on Tuesday as concerns about the fragile state of the global recovery in demand for crude and fuels were heightened by data showing China’s oil imports fell in May. Brent crude was down 11 cents, or 0.2%, at $71.38 a barrel by 0151 GMT, after declining 0.6% overnight. U.S. oil Read More
Gold prices edged lower on Monday as an uptick in the dollar dented the metal’s appeal, although lower U.S. bond yields and prospects of a prolonged accommodative interest rate environment limited losses. Spot gold was down 0.2% at $1,886.76 per ounce as of 0308 GMT, after rising more than 1% in the previous session, as Read More
Copper prices trimmed gains and turned negative in the evening session, tracking weak global cues and strength in the dollar. The base metal has been trading marginally sideways and with bearish bias on signs of weakening demand in China. Copper delivery for June declined Rs 18.45, or 2.43 percent, to Rs 740.70 per kg at Read More
Gold prices were steady during the week to settle at Rs 48,542 per 10 gram as players sat on the sidelines ahead of inflation data. Precious metal prices saw little reaction to the GDP and new jobless claims data. However, upbeat US data showed that a recovery in the world’s largest economy was on track. Read More
Gold prices climbed on Monday to hover near a 4-1/2-month high, supported by a weaker U.S. dollar and growing inflationary pressure, while a slide in cryptocurrencies further lifted the safe-haven metal’s appeal. Spot gold was up 0.2% at $1,883.21 per ounce by 0301 GMT. Last week, gold prices hit their highest level since Jan. 8 Read More
Zinc prices strengthened to Rs 232.10 per kg as participants rolled over their long position as seen by the open interest. The base metal traded in the positive territory after a gap-down start tracking weaker dollar. On the MCX, Zinc delivery for May gained Rs 0.60, or 0.26 percent, to Rs 232.10 per kg with Read More