Crude oil futures edged lower to Rs 3,871 per barrel on January 21 as participants increased their short position as seen by the open interest. The crude oil price had gained 0.5 percent yesterday on the NYMEX. Crude oil prices extended decline after a gap down open in the afternoon session on surging coronavirus cases Read More
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Gold prices dropped by Rs 358 to Rs 48,969 per 10 gram in the Mumbai retail market on a firm dollar and sharp sell-off on Friday in the international market. The yellow metal had declined Rs 1,094 or 2.17 percent last week in the domestic market. The rate of 10 gram 22-carat gold in Mumbai Read More
The Union Budget 2021 will be presented by Finance Minister Nirmala Sitharaman on February 1 amid the COVID-19 pandemic. The central government is expected to continue its focus on agriculture and allied sectors. However, given the government’s objective of increasing farmer incomes, sharper focus is needed on development of farm gate infrastructure, formulation and strengthening of farmer Read More
Natural gas futures traded firm at Rs 199.60 per mmBtu on January 15 as participants increased their long positions as seen by the open interest. Natural gas price had declined 2.2 percent on January 14 on the NYMEX. Natural gas traded higher after a gap down open and turned into positive territory in the afternoon Read More
Crude oil futures were steady at Rs 3,863 per barrel on January 14 as participants increased their long position as seen by the open interest. The crude oil prices had declined 0.6 percent on January 13 on the NYMEX. The US Energy Information Administration (EIA) reported that US crude inventories fell for the fifth straight Read More
Gold prices edged up on Wednesday as the dollar pulled back and the U.S. Treasury yields traded lower, while the outlook of a massive U.S. fiscal stimulus further boosted the metal’s appeal as an inflation hedge. Spot gold rose 0.2% to $1,858.56 per ounce by 0255 GMT, while U.S. gold futures gained 0.9% to $1,860.10. Read More
Crude gained 8 percent last week – Saudi Arabia plan a voluntary output cut;• President-elect Joe Biden to layout stimulus plans this week; • EIA showed large bullish draw to crude oil inventories by the end of 2020. Perspective Oil ended the first week of 2021 with a gain of nearly 8 percent as OPEC leader Read More
Crude oil futures were steady at Rs 3,799 per barrel on January 11 as participants increased their long position, as seen by the open interest. Crude gained 7.42 percent in the previous week on the MCX to surge over 10-month high. The demand increased after lockdown, as many countries allowed travel in the festival season Read More
Oil prices edged higher on Friday, hovering near 11-month highs hit the previous day, as Saudi Arabia’s pledge to make voluntary cuts to its output continued to buoy the mood in the market though worries over slower fuel demand capped gains. Brent crude climbed 2 cents to $54.40 a barrel by 0122 GMT, after closing Read More
Natural gas futures dropped to Rs 197.2 per mmBtu on January 7 as participants increased their long positions as seen by the open interest. Natural gas price had gained 0.52 percent yesterday on the NYMEX. Natural gas prices extended decline in the afternoon session after a gap down opening and traded near day’s low. Natural Read More
Oil prices were little changed on Tuesday after OPEC and allied producers, including Russia, continued deadlocked talks on February output while fuel demand concerns lingered on amid new COVID-19 lockdowns. Brent crude futures for March rose 8 cents, or 0.2%, to $51.17 a barrel by 0206 GMT, while U.S. West Texas Intermediate crude for February Read More
Natural gas futures surged to Rs 191.30 per mmBtu on January 4 as participants increased their long positions as seen by the open interest. Natural gas price had declined Rs 2.10 or 1.12 percent last week on the MCX. The number of rigs drilling natural gas in the US was unchanged at 83 rigs for Read More
Gold prices soared by Rs 231 to Rs 50,202 per 10 gram in the Mumbai retail market on a softer dollar and positive global cues. The precious metal surged 27.94 percent in the domestic market this year – the best in a decade – after gaining 23.75 percent last year. The yellow metal price was Read More
Gold slipped in Indian markets on December 31 following a muted trend in international spot prices. On the Multi-Commodity Exchange (MCX), February gold contracts were trading lower by 0.07 percent at Rs 50,098 for 10 grams at 0920 hours. March silver was trading 0.14 percent lower at Rs 68,517 a kilogram. Experts are of the Read More
Gold prices gained on Wednesday as the dollar weakened, with investors looking past a top U.S. Republican leader’s decision to postpone a Senate vote on increased pandemic relief payments. Spot gold rose 0.2% to $1,881.62 per ounce by 0548 GMT. U.S. gold futures were up 0.2% at $1,886.20. “A weaker dollar is enough to create Read More
Gold was trading marginally higher and holding above Rs 50,000 per 10 gm in Indian markets on December 29, tracking a positive trend in international spot prices. On the Multi-Commodity Exchange (MCX), February gold contracts were trading higher by 0.11 percent at Rs 50,070 for 10 gram at 0920 hours. March silver was trading 0.19 Read More
Gold prices jumped 1% on Monday as investors cheered news that U.S. President Donald Trump signed into law a long-awaited pandemic aid bill, with a weaker dollar lending further support. Spot gold was up 1% at $1,894.44 per ounce by 0344 GMT, after hitting a one-week high of $1,900.04 earlier in the day. U.S. gold Read More
Crude oil futures edged lower to Rs 3,545 per barrel on December 24. Crude oil prices declined after a gap up open and turned into negative territory to day’s low in the afternoon session. The US Energy Information Administration (EIA) reported that US crude inventories dropped by 562,000 barrels for the week ended December 18 Read More
Silver prices traded flat to positive at Rs 67,666 per kg on December 24 as participants increased their long positions as seen by the open interest. The precious metal had gained 1.5 percent yesterday on the COMEX. The white metal price recovered along with gold from recent lows as the US dollar index shed some Read More
India Gold February futures slipped in trade on December 23 tracking a muted trend seen in the international spot prices. On the Multi-Commodity Exchange (MCX), February gold contracts were trading lower by 0.06 percent at Rs 50,050 per 10 gram at 0920 hours. March silver was trading 0.03 percent higher at Rs 66,891 per kilogram. Experts Read More