Page 82 - Commodity News

Global gold demand grows 18% annually in 2022, highest since 2011: WGC

Global gold demand grew 18 per cent annually to touch 4,741 tonnes in 2022, the highest since 2011, the World Gold Council (WGC) said in a report on Tuesday.

Gold price remain unchanged, trades at Rs 57,440; silver hikes by Rs 200

The price of 22-carat gold also remained unchanged from yesterday's closeand it was trading at Rs 52,650

India plans to invoke emergency law to force imported coal-based utilities

India plans to evoke an emergency law next month which would force power plants running on imported coal to generate power, two government sources

MCX Gold likely to consolidate; Silver may re-test Rs 70,000

The MCX Gold futures are likely to consolidate in a trading band of Rs 56,100 to Rs 57,300 in the coming trading sessions.

Gold, silver prices remain unchanged; yellow metal trades at Rs 57,440

The price of 22-carat gold was trading at Rs 52,650

Oil prices firm for a second session on upbeat US economic data

Oil prices rose for a second session on Friday, buoyed by stronger than expected U.S. economic growth, strong middle distillate refining margins and hopes of a rapid recovery in Chinese demand

Gold prices subdued as US economic data backs Fed's interest rate stance

Investors are keeping a close eye on the central bank's two-day policy meeting next week, with a 25-basis-point rate increase widely expected

Gold, silver prices hike; yellow metal trades at Rs 57,930 per 10 g

The price of 22-carat gold also increased by Rs 400 per 10 grams from yesterday's close

Silver lining: India's imports at record 9,450 tonnes amid demand revival

The surge was led by demand revival from industry, fabricators and investors

Gold, silver unchanged; yellow metal sells at Rs 57,490 per 10 grams

Silver is selling at Rs 72,500 per kg

Textile maker Arvind Ltd profit declines 11.62% to Rs 87 cr in Oct-Dec

Textile manufacturer Arvind Ltd on Wednesday reported an 11.62 per cent decline in consolidated net profit from continuing operations to Rs 87 crore in the third quarter ended December 31, 2022

MCX Crude oil may find support at Rs 6,400; Natural Gas could test Rs 227

On the upside, the Rs 6,700-odd level remains a major hurdle for Crude Oil futures; whereas, interim support for Natural Gas is placed at Rs 240.

Gold, silver prices rise in early trade; yellow metal selling at Rs 57,490

Silver prices rose Rs 200 from yesterday's close to Rs 72,500 per kg

Gold prices march higher on slower US Fed interest rate hike bets

Spot gold rose 0.3% to $1,936.62 per ounce by 1137 GMT. U.S. gold futures gained 0.5% to $1,938.00

Gold price up in early trade; yellow metal sells at Rs 57,110 per 10 grams

Silver prices remained unchanged from yesterday's close at Rs 72,300 per kg

Gold prices tick lower; growth concerns start weighing on white metals

Zero-yield bullion tends to do well in a lower interest rate environment

Pakistan's mobile phone imports decline 66% in 1st half of FY 2023

Pakistan's mobile phone imports declined by 66 per cent in the first half of the current fiscal year 2022-2023, compared to the same period of the last fiscal year, according to official figures

Malaysia's egg shortage sets Indian hatcheries on path to record exports

India shipped 5 million eggs to Malaysia in December and will ship 10 million in January and up to 15 million in February, according Kumar

Gold, silver unchanged; yellow metal trades at Rs 57,060 per 10 grams

Silver is selling at Rs 72,300 per kg

Gold tests major hurdle at Rs 56,850; Silver likely to play catch-up

The overall bias for Gold prices likely to remain bullish as long as Gold sustains above the Rs 55,700 - Rs 55,400 support zone. This week, Silver prices may look to retest the Rs 70,000-mark.