Silver prices soared to Rs 73,645 per kg on February 1 as participants increased their long positions as seen by the open interest. The precious metal had gained 4.6 percent last week on the MCX. The white metal prices started with a gap up trade on February 1 in Asian trade, up by over 4.5 Read More
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old prices were steady on Friday as investors waited for developments around a U.S. stimulus package, although the metal was on course to post a weekly and monthly decline hurt by a stronger dollar. FUNDAMENTALS * Spot gold was unchanged at $1,840.91 per ounce by 0058 GMT. Prices were down 0.6% for the week and Read More
India Gold MCX February futures traded flat on Wednesday with a negative bias tracking muted trend seen in the international spot prices. On the Multi-Commodity Exchange (MCX), February gold contracts were trading lower by 0.58 percent at Rs 48,856 for 10 grams at 0920 hours. March silver was trading 0.57 percent lower at Rs 66,156 Read More
Gold prices gained on Monday as the dollar eased and hopes that a massive economic stimulus in the world’s largest economy would be passed remained intact. Spot gold rose 0.1% to $1,854.95 per ounce by 0329 GMT, recovering from a 0.9% decline in the previous session. U.S. gold futures eased 0.1% to $1,854.30. President Joe Read More
Gold prices gained on Monday as the dollar eased and hopes that a massive economic stimulus in the world’s largest economy would be passed remained intact. Spot gold rose 0.1% to $1,854.95 per ounce by 0329 GMT, recovering from a 0.9% decline in the previous session. U.S. gold futures eased 0.1% to $1,854.30. President Joe Read More
Gold inched lower on Friday as U.S. Treasury yields ticked up, though bets of a large U.S. stimulus kept the metal on course for its best week in five. Spot gold fell 0.3% to $1,863.56 per ounce by 0233 GMT, retreating from its highest since Jan. 8 hit on Thursday. For the week, it was Read More
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
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