Silver prices plunged to Rs 61,536 per kg on October 26 as participants increased their short positions as seen by the open interest. The precious metal had risen 0.57 percent last week on the MCX. Silver prices trade lower tracking weakness in gold prices, firm dollar and impasse over US stimulus. The US dollar index Read More

Crude palm oil futures traded steady at Rs 804.20 per 10 kg on October 23 as participants trimmed their long positions. Malaysian palm oil futures declined 0.81 percent to 2,990 ringgit on Bursa Malaysia Bhd. Prices rallied in the last few days on expectation of lower output from Malaysia and strong export demand. Heavy rains Read More

Silver prices declined to Rs 62,919 per kg on October 22 as participants increased their short positions. The precious metal had gained a percent on the COMEX on October 21. Silver prices traded lower tracking weakness in gold prices and a firm dollar. The Dollar Index is trading higher at 92.82 levels, up 0.25 percent. The precious Read More

Gold prices rose on Wednesday, propped up by a softer dollar and increasing hopes for a new U.S. coronavirus relief package ahead of the November elections. FUNDAMENTALS Spot gold rose 0.3% to $1,912.11 per ounce by 0039 GMT. U.S. gold futures were steady at $1,916.40. The dollar index was down 0.1% against rivals. The White Read More

Crude oil futures edged lower to Rs 2,978 per barrel on October 19 as participants increased their short position as seen by the open interest. Crude oil prices declined on worries that fuel demand could take a hit after a spike in COVID-19 cases in the US and Europe. The number of rigs drilling crude Read More

Crude oil futures edged lower to Rs 2,968 per barrel on October 16 as participants increased their short positions on fading US stimulus hopes, OPEC’s production policy and rising coronavirus cases in the US and Europe. Mohammad Barkindo, Secretary General, Organisation of the Petroleum Exporting Countries, said demand was recovering more slowly than expected and OPEC+ Read More

Natural gas futures traded firm at Rs 202.5 per mmBtu on October 15 as participants increased their long positions. The commodity had declined 7.7 percent on the NYMEX on October 14. Prices weakened as easing storm activity boosted LNG exports and also led to production restarts in the Gulf of Mexico. Market participants are likely Read More

World oil demand will rebound more slowly in 2021 than previously thought as coronavirus cases rise, OPEC said on October 13, adding to headwinds faced by the group and its allies in balancing the market. Demand will rise by 6.54 million barrels per day(bpd) next year to 96.84 million bpd, the Organization of the Petroleum Read More

Crude palm oil futures traded firm at Rs 799.90 per 10 kg on October 13 as participants increased their long position as seen by the open interest. Malaysian palm oil futures gained marginally 0.26 percent to trade at 3,055 Ringgits on Bursa Malaysia Bhd. Crude palm oil traded higher tracking firm demand in the domestic Read More

Crude oil futures declined to Rs 2,932 per barrel on October 12 as participants increased their short position as seen by the open interest. Crude oil prices traded lower amid oversupply fears as production resumed in Libya and Norway at a time when demand recovery is stalling. The number of rigs drilling crude oil in the Read More

Gold prices tanked Rs 757 to Rs 50,287 per 10 gram in the Mumbai retail market on rupee appreciation against the dollar and strength in equity markets. The precious metal witnessed a roller coaster movement earlier in the day after US President Donald Trump’s surprise move to halt stimulus talks until after the election next Read More

Crude oil futures traded firm at Rs 2,902 per barrel on October 6 as participants increased their long positions. Prices gained tracking gains in equity markets, growing optimism of a US stimulus package and a labour strike in Norway. Prices also rose on news that tropical storm Delta has rapidly strengthened to a hurricane in Read More

Crude palm oil (CPO) futures declined to Rs 752.40 per 10 kg on October 5 as participants increased their short position as seen by the open interest. Malaysian palm oil futures fell marginally by 0.07 percent to trade at 2,764 Ringgits on Bursa Malaysia Bhd. According to Solvent Extractors Association (SEA), CPO import fell by Read More

Silver prices rose to Rs 60,200 per kg on October 1 as participants increased their long positions as seen by the open interest. The precious metal had declined 3.9 percent yesterday on COMEX. Silver traded higher on improving outlook for industrial demand amid upbeat US and Chinese economic data. Silver holdings in iShares ETF fell by Read More

Silver prices dropped to Rs 60,650 per kg on September 30 despite participants increasing their long positions, as seen by the open interest. The precious metal had gained 3.6 percent the previous day on the COMEX Index. The US dollar index, measured against a basket of six currencies gained 0.28 percent to trade at 94.19, Read More

Crude oil futures were steady Rs 2,987 per barrel on September 29 as participants increased their short position as seen by the open interest. Crude oil prices fell on concerns of rising coronavirus cases may force countries to reimpose restriction once again thus impacting demand. Tapan Patel- Senior Analyst (Commodities), HDFC Securities said, “Crude oil prices pared Read More

Crude oil futures rose to Rs 2,983 per barrel on September 28 as participants increased their short position as seen by the open interest. Crude oil prices pared early losses and traded green in the afternoon. The number of rigs drilling crude oil in the US jumped by 17 to 217 last week. Tapan Patel- Read More

Crude oil futures rose to Rs 2,982 per barrel on September 25 as participants increased their long positions. Black gold along with other commodities have stabilised as a sell-off in equity markets came to a halt while the dollar’s ascent stalled. Britain, Germany and France imposed new restrictions to stem the coronavirus spread, which could Read More

Crude oil futures traded steady at Rs 2,955 per barrel on September 24 as participants increased their long positions. Prices pared morning session losses and traded in the green in the afternoon session. The commodity has been stuck in the $38-41 per barrel range for the last few sessions and unless it breaks out either Read More

Crude oil futures rose to Rs 2,940 per barrel on September 23 as participants increased their long position as seen by the open interest. Crude oil prices gained erasing early losses after API reported buildup in US weekly inventory. The American Petroleum Insitute (API) reported that US crude inventories jumped by 0.69 million barrels for Read More