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

Silver prices fell around 1.2 percent to Rs 66,625 per kg on March 2 as participants trimmed their positions as seen by the open interest. The precious metal had gained 0.9 percent yesterday on the COMEX. The white metal traded in the negative territory after a gap-down start in the afternoon session tracking weakness in Read More

Oil prices rebounded more than $1 on Monday after the US House of Representatives passed a huge stimulus package, although a drop in China’s February factory activity growth capped gains. Brent crude futures for May rose $1.07, or 1.7 percent, to $65.49 per barrel by 0410 GMT. The April contract expired on Friday. US West Read More

Silver prices traded slightly higher at Rs 69,448 per kg on February 24 as participants trimmed positions as seen by the open interest. The precious metal had declined 1.4 percent on February 23 on the COMEX. The white metal traded in the positive territory after a gap-up open in the afternoon session tracking dollar weakness. Read More

Crude oil futures fell 1.77 percent to Rs 4,332 per barrel on February 19 on profit booking despite a sharp drawdown in US crude inventories. The US Energy Information Administration (EIA) reported that US crude oil inventories fell by 7.3 million barrels for the week ended February 12 as compared to market expectation of 2.4 Read More

Natural gas futures were trading at Rs 236.20 per mmBtu on February 17 after hitting a fresh intraday high for February series of Rs 239.80 on the MCX. Natural gas price had risen 3 percent yesterday on the NYMEX. Natural gas erased gain after a gap up open in the afternoon session. As per Refinitiv Eikon Read More

India Gold MCX April Futures are trading in the green on February 16 following positive trend seen in the international spot prices. Silver March Futures were trading higher by nearly 1 percent. On the Multi-Commodity Exchange (MCX), April gold contracts were trading higher by 0.37 percent at Rs 47,418 for 10 grams at 0920 hours. March silver Read More