Page 170 - Commodity News

Brent hits highest since March, spurred by coronavirus vaccine hopes

AstraZeneca said on Monday its Covid-19 vaccine was 70% effective in pivotal trials and could be up to 90% effective

Select base metals may continue to rally in 2021 over weakening dollar

Zinc, aluminium poised for correction as prices move ahead of fundamentals

Gold price today at Rs 50,900 per 10 gm, silver trends at Rs 62,300 a kg

The price of 24-carat gold in Chennai was up by Rs 10 to Rs 51,990 per 10 gm

Commodity Picks: 23 November, 2020

Soybean prices at the benchmark Indore market are trading at Rs 4,565 per quintal; Chana prices are trading at Rs 5,205 per quintal in the Delhi market

Gold set for longest slump since March with ETF assets slipping

"We see downside risks building for gold's price," analysts from Morgan Stanley said in a note, citing higher yields next year in addition to Covid-19 vaccines

Reopening of physical gold markets hits sovereign gold bonds' demand

August sales were the highest ever in a month since launch

Gold price today at Rs 50,850 per 10 gm, silver trends at Rs 61,600 a kg

In New Delhi, the gold price of 22-carat rose by Rs 10 to Rs 49,360 per 10 gm, while in Chennai it decreased by Rs 370 to Rs 47,470

Gold takes a knock amid exodus from ETFs, progress on Covid vaccines

Since hitting a record in August, bullion's rally has stalled amid uncertainty over further stimulus measures and optimism over an effective vaccine, even as the virus continues to spread

Trading strategies for gold and aluminium by Tradebulls Securities

"We don't expect a runaway rally in gold as ETF outflows will put pressure on the price," the expert says.

Gold price today at Rs 50,890 per 10 gm, silver trends at Rs 62,900 a kg

In New Delhi, the gold price of 22-carat fell by Rs 300 to Rs 49,350 per 10 gm, while in Chennai it decreased by Rs 170 to Rs 47,840

Gold price today at Rs 50,940 per 10 gm, silver trends at Rs 63,610 a kg

In New Delhi, the gold price of 22-carat fell by Rs 100 to Rs 49,650 per 10 gm, while in Chennai it decreased by Rs 200 to Rs 48,010

Gold price today at Rs 50,750 per 10 gm, silver trends at Rs 63,610 a kg

In New Delhi, the gold price of 22-carat fell to Rs 49,750 per 10 gm, while in Chennai it increased to Rs 48,210

Gold prices today Rs 50,960 per 10 gm, silver trending at Rs 63,600 a kg

n New Delhi, the gold price of 22-carat rose to Rs 49,760 per 10 gm, while in Chennai it climbed to Rs 47,840

Commodity picks: 16 November, 2020

Soybean is trading at Rs 4,460 per quintal at the benchmark Indore markets; Seed prices at Deesa market are expected to trade towards Rs 4,570 - Rs 4,550 per quintal

Gold imports decline 47.42% to $9.28 bn during Apr-Oct on falling demand

Imports of the yellow metal stood at $17.64 billion in the corresponding period of 2019-20

Gold imports decline 47.42% to $9.28 bn during Apr-Oct as demand falls

India's gold imports, which have a bearing on the current account deficit, plunged 81.22% to $2.47 billion during April-July period of 2020-21 due to a notable fall in demand in the wake of Covid-19

Gold worth Rs 20,000 crore sold on Dhanteras, says jewellers body

IBJA's national secretary Surendra Mehta told IANS that last year, gold sales were about Rs 12,000 crore

Gold rises Rs 241, silver gains Rs 161 on festival buying: HDFC Securities

Silver also gained Rs 161 to Rs 62,542 per kg, compared with Rs 62,381 per kg on Thursday

Gold prices today Rs 53,620 per 10 gm, silver trending at Rs 62,700 a kg

In New Delhi, the gold price of 22-carat fell to Rs 49,250 per 10 gm, while in Chennai it fell to Rs 47,610

Exclusive: Gold market authority threatens to blacklist UAE, other centres

The world's most influential gold market authority is threatening to stop bullion from countries including UAE entering the mainstream market if they fail to meet regulatory standards, a letter showed