Market experts opined that Russia-Ukraine conflict led to a short-term spike in gold prices before it began falling amid stronger dollar and spike in crude oil prices
Ten gram of 22-carat gold is selling at Rs 50,150
India's aromatic basmati and non-basmati rice exports rose 7.37 % to 126.97 lakh tonnes during April-October period of current fiscal, despite restrictions on the shipments, according to industry data
On the downside, key support for MCX Crude Oil stands at Rs 6,350, below which a steeper fall to Rs 4,800 seems possible. Rs 413 - 418 is the resistance zone for Natural Gas on Wednesday.
Ten gram of 22-carat gold was selling at Rs 49,950
There has been improvement in conformity to declared grade of coal supply from Coal India Ltd sources, with figure jumping to 69% in 2022-23 as against 51% in 2017-18, the Coal Ministry said
Spot gold was up 0.6% at $1,807.69 per ounce, as of 0704 GMT. U.S. gold futures rose 0.6% to $1,814.80
Ten gram of 22-carat gold is selling at Rs 49,950
Inward shipments rose 15% in April through October from a year earlier to 3.1 million tons, according to government figures
On the upside, Gold futures are likely to counter some resistance around Rs 55,150, Silver around Rs 70,250.
Ten gram of 22-carat gold was selling at Rs 49,850
Ten gram of 22-carat gold was selling at Rs 49,700 after the price fell by Rs 550 from yesterday's close
Gold prices hemmed into a tight range in thin trading, as cautious traders awaited economic data due later in the day to gauge the Federal Reserve's rate hike stance
Ten gram of 22-carat gold was trading at Rs 50,100 today
Silver is selling at Rs 69,300 per kg
Brent crude futures rose 8 cents to $80.07 per barrel by 0126 GMT, while US West Texas Intermediate (WTI) crude futures gained 6 cents to $76.29
On the downside, the MCX Crude Oil futures can re-test its recent low around Rs 5,850-level; whereas, the next support for beaten-down Natural Gas contract stands at Rs 401.
Ten gram of 22-carat gold is selling at Rs 49,600 after the prices remain unchanged from previous day, according to the GoodReturns website
Ten gram of 22- carat gold is selling at Rs 49,950 after the prices remain unchanged from the previous day
The overall bias for MCX Gold December futures is likely to remain bullish as long as the contract sustains above Rs 53,850, and Silver above Rs 65,950.