Page 93 - Commodity News

Gold, silver unchanged in early trade; yellow metal trading at Rs 51,000

One kg of silver in Mumbai, Delhi, and Kolkata is trading at Rs 57,300

Gold heads for weekly decline as fears of hefty US interest rate hikes loom

Growing anticipation of another oversized US Federal Reserve interest rate hike kept the bullion on track for a weekly decline

Gold prices rise marginally in early trade, silver falls Rs 1,200

Ten grams of 22-carat gold is trading at Rs 46,750 after a marginal rise of Rs 100

Gold proves its mettle against Sensex, price rises 2.6% in CY22

Gold's outperformance over equity has been even better in the international market, thanks largely to a big sell-off in equities in advanced economies such as the US and Western Europe

Gold, silver rates go down in early trade; yellow metal at Rs 50,890/10 gm

Silver is down by Rs 400 and is trading at Rs 58,500 per kg today

Steel demand needs 9% CAGR to meet 160 kg/capita consumption target: Icra

The domestic steel demand needs to grow at a compound annual growth rate of 9 per cent over the next decade to meet 160 kg per capita steel consumption target envisaged in the National Steel Policy

MCX Crude Oil may turn rangebound; Natural Gas tests key support at Rs 520

The MCX Crude Oil futures are likely to trade in a broad range of Rs 6,900 - Rs 7,770 in the near term. Natural Gas futures can pullback to Rs 580, is support at Rs 520 is sustained.

Gold, silver rates fall in early trade; yellow metal trading at 51,160

Silver prices are down by Rs 600 and is trading at Rs 58,900 per kg

Gold prices fall by Rs 270; silver down by Rs 1,300, trading at Rs 59,500

In Mumbai and Kolkata, 24-carat gold is selling at Rs 51,930 per 10 gram

Support for Gold moves higher to Rs 50,800; MCX Silver may test Rs 63,900

The MCX Silver futures were seen testing the 200-DMA after a gap of almost six months and could move to Rs 63,900-level in the near term.

Gold, silver rates unchanged in early trade; yellow metal selling at 52,200

Silver prices are unchanged, trading at Rs 60,800 per kg today

On the rise again: Gold rates at a discount to tackle price jump

Local gold prices hit Rs 52,093 per 10 grams, the highest since August 16, and to lure buyers, dealers offered discounts up to $6 an ounce over official prices

Price of 24-carat gold rises Rs 100; silver unchanged at Rs 61,500

Ten grams of 22-carat gold is trading at Rs 47,850, after a decline of Rs 100

Oil prices to top $100 per barrel mark on OPEC+ output cut: Analysts

The OPEC+ on Wednesday announced its decision to cut crude oil output by 2 million barrels per day, the new production cap levels will come into force from November 2022.

Goldman raises oil price forecasts on 'very bullish' OPEC-plus cuts

If latest reduction in output by OPEC+ is sustained through Dec 2023, it would amount to $25 per barrel upside to their Brent forecast, Goldman Sachs said in a note

MCX Crude Oil can pullback to Rs 7,700; Natural Gas likely to test Rs 600

The pullback in MCX Crude Oil futures is aided by cut in oil production by OPEC+ members. The commodity crossed its 50-DMA for the first time since July 2022.

Gold prices rise slightly today; silver goes down, trading at Rs 61,500

In Mumbai and Kolkata, 24-carat gold is selling at Rs 51,660 per 10 gram

Gold rate up by Rs 550; silver rises by Rs 4,400, selling at Rs 61,800

Gold and silver prices edged significantly higher in early trade with 10 gram of the yellow metal (24-carat) trading at Rs 51,660

Gold, silver rates rise in early trade; yellow metal trading at Rs 51,110

Gold and silver prices edged higher in early trade with 10 gram of the yellow metal (24-carat) trading at Rs 51,110

Bias negative for MCX Gold below Rs 50,500; Silver faces multiple hurdles

On the downside, near support for Gold futures seen at Rs 49,860, below which re-test of Rs 48,900-level seems likely; Silver futures face an uphill task of conquering multiple hurdles on the upside.