Natural gas futures declined on July 16 as US inventory buildup was higher than expected as reported by EIA. The gas prices had fallen 0.6 percent yesterday on the NYMEX. The energy commodity traded in the red after a gap-down start, tracking the muted global cues. On the MCX, natural gas delivery for July slipped Read More
Gold was little changed on Tuesday as a firmer dollar offset support from bets that the Federal Reserve was unlikely to respond with immediate monetary tightening after U.S. consumer prices rose by the most in 13 years last month. Spot gold was steady at $1,806.64 per ounce by 2:11 p.m. ET. U.S. gold futures settled Read More
Silver prices were marginally lower on July 13 tracking the subdued global trend, and a firm dollar ahead of US CPI data to be released later in the day. The precious metal had posted modest gains of 0.18 percent yesterday on the COMEX. The white metal turns negative after a gap-up start tracking in the Read More
The white metal traded in the negative territory after a gap-down start tracking muted overseas cues. The semi-precious metal has been trading higher than 20, 100 and 200 days’ simple moving averages but lower than 5 and 50 days’ moving averages on the daily chart. The momentum indicator Relative Strength Index (RSI) is at 46.43, Read More
Gold edged higher on Friday and was set for its third straight weekly gain, as concerns over the fast-spreading Delta variant of COVID-19 and a drop in U.S. Treasury yields lifted the safe-haven metal’s demand. Spot gold rose 0.2% to $1,805.39 per ounce, by 0312 GMT. For the week so far, it is up more Read More
Oil prices fell more than $1 a barrel on July 7 in another seesaw trading session, as investors feared this week’s collapse in OPEC+ talks could mean more supply, not less, is on the way. Crude markets have been volatile over the last two days following the breakdown of discussions between major oil producers Saudi Read More
Gold prices held firm near the key $1,800/ounce psychological level on Wednesday, helped by a drop in U.S. Treasury yields, while investors awaited minutes from the Federal Reserve’s June meeting for more clues on its policy outlook. Spot gold was up 0.1% at $1,797.84 per ounce, as of 0500 GMT, after hitting its highest since Read More
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
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
