Oil prices drifted lower on Friday, pausing after three days of gains, as producers prepared to resume operations in the Gulf of Mexico and data showed Saudi Arabian exports rose from record lows. Brent crude was down 6 cents at $43.24 a barrel by 0112 GMT, while U.S. oil futures dropped 6 cents to $40.91 Read More

Gold prices eased in India on September 17, tracking a muted trend in the international spot prices after the US dollar firmed. The Federal Reserve’s pledge to hold interest rates at near-zero until at least 2023 limited the losses for the metal. On the Multi-Commodity Exchange (MCX), October gold contracts were trading lower by 0.86 Read More

Gold prices held steady on Wednesday as investors awaited the outcome of the U.S. Federal Reserve’s policy meeting, hoping for details of the central bank’s plans to balance interest rates against its inflation target. Spot gold was up 0.1% to $1,957.45 per ounce by 0255 GMT. U.S. gold futures were steady at $1,966.20. “People are Read More

Crude oil futures edged lower to Rs 2,741 per barrel on September 11 as participants increased their short positions. Prices fell after US government data showed a build-up in inventories indicating that markets are not going to see draws that investors are so bullish about. The US Energy Information Administration (EIA) reported that US crude Read More

Crude oil futures edged lower to Rs 2,746 per barrel on September 10 as participants increased their short positions. Prices fell after data by the American Petroleum Institute (API) showed higher-than-expected rise in inventory to 3 million barrels for the week-ended September 4 and after US Energy Information Administration (EIA) cut its 2020 world oil Read More

Natural gas futures dropped to Rs 175.70 per mmBtu on September 9 as participants increased their short position as seen by the open interest. Natural gas had declined 7.3 percent yesterday on NYMEX tracking sharp sell-off in crude price. Natural gas price trade weaker as mixed weather forecast dented demand outlook. In the futures market, natural Read More

Crude palm oil futures edged higher to Rs 767 per 10 kg on September 8 as participants increased their long position as seen by the open interest. Malaysian palm oil futures gained 2.35 percent to trade at 2,870 Ringgits on Bursa Malaysia Bhd. Malaysian palm oil jumped above 2,900 Ringgits last week on reports of Read More

Crude oil futures jumped to Rs 3,054 per barrel on September 4 as participants increased their long positions due to upcoming refinery maintenance and end of summer driving season which put pressure on prices. Tapan Patel- Senior Analyst (Commodities), HDFC Securities said, “Crude oil prices have kept to their lower trading range on demand concerns Read More

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

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