Page 2 - Commodities

Gold eases ₹200 to ₹1,31,600 per 10 grams in Delhi, silver rises sharply

In the international markets, spot gold rose nearly 1% to hit an all-time high of $ 4,246.08 per ounce

IPO-bound Groww launches commodities trading services on platform

Stock broker Groww on Thursday rolled out commodities trading on its platform, as it continues diversifying its wealth and capital markets offerings. Groww customers with active trading accounts can trade in commodities such as crude oil, gold, silver and natural gas through the Metropolitan Stock Exchange from 9 am to 11:30 pm, according to information available on the stock broking platform's website. Traders in India have been increasingly showing interest in investing in commodities to diversify their portfolios and hedge against market volatility. In the past few months, IPO-bound Groww has launched multiple offerings in the capital markets space as part of its strategic diversification push. The company launched corporate bonds, Margin Trading Facility, 915 (a pro-traders-focused platform), and W, a wealth management offering (after acquiring Fisdom). At present, Groww has over 18 million active customers. Last month, Billionbrains Garage Ventures, the parent company of Gr

Gold hits record high above $4,100/oz on Fed rate cut bets, trade jitters

Spot gold rose 0.7% to $4,137.76 per ounce as of 11:22 a.m. ET (1522 GMT), after hitting a record high of $4,179.48 earlier in the session

Crude oil outlook: WTI prices likley to average around $56 by end of 2025

The decline reflects a US-led trade war, exacerbating oversupply amid Opec+'s 2.72 mb/d restoration and a 0.5 mb/d surplus

Gold rallies ₹1,950 to record high of ₹127,950 per 10 grams in Delhi

Gold prices rallied by Rs 1,950 to hit a fresh peak of Rs 1,27,950 per 10 grams in the national capital on Monday, driven by safe-haven demand amid renewed US-China trade tensions. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 1,26,000 per 10 grams on Friday. In addition, gold of 99.5 per cent purity jumped by Rs 1,950 to touch an all-time high of Rs 1,27,350 per 10 grams (inclusive of all taxes). The yellow metal had settled at Rs 1,25,400 per 10 grams in the previous market session. "Gold prices rose sharply higher as renewed US-China trade tensions reignited safe-haven demand," Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, said. The US administration's announcement of a 100 per cent tariff hike on select Chinese products, coupled with China's threat to restrict rare earth exports, has heightened global uncertainty and risk aversion. "This geopolitical tension, along with sustained deman

Best returns in 20 yrs: How much to invest in Gold, Silver in Samvat 2082?

Outlook: Gold & silver deliver best Samvat returns in 20 years. Learn how much to invest in precious metals in Samvat 2082, expected prices, and smart strategies

Silver ETFs fall up to 4% on Friday; still up as much as 86% YTD

Silver ETFs Fall Today: Year-to-date (Y-T-D), Multi Commodity Exchange (MCX) spot gold is up 60 per cent, and MCX spot silver has jumped 84 per cent, per Bloomberg

Gold nears $4,000 an ounce for first time ever: What's driving the rally?

According to the goldprice website, the current gold price, at the time of publishing this report, was recorded at $3965.63

India's diesel exports to Europe likely hit record high in September

Shiptracking data showed India's exports to Europe reached these levels for the first time since such figures began to be recorded in 2017

Gold prices climb ₹500 to touch record ₹1.2 lakh per 10 grams

According to the All India Sarafa Association, the yellow metal had rallied Rs 1,500 to close at Rs 1,19,500 per 10 grams on Monday

Platinum: Gold's elder cousin poised for a comeback

For those willing to take a long-term view, platinum may once again reclaim its title as the elder cousin among precious metals - not necessarily surpassing gold in absolute terms but closing the gap

Gold prices to stay buoyant on Fed cuts, festive buying and global concerns

Gold prices are expected to remain buoyant in the coming week as a combination of global monetary easing, festive demand in Asia, central bank purchases and persistent geopolitical risks will lend support to the precious metal, analysts said. Traders will closely monitor the upcoming trade negotiations between the US and India, and Washington and Beijing, as well as provisional data on manufacturing and services PMI across regions. In addition, crucial US macroeconomic numbers including housing data, personal consumption expenditures, and consumer sentiment will shape market sentiment, they added. Pranav Mer, Vice President, EBG Commodity & Currency Research at JM Financial Services, said: "The bullion is expected to remain supported by firm festive demand in Asia, while ETFs and central banks continue to remain net buyers. Safe-haven buying remains mixed at current high prices." On the Multi Commodity Exchange (MCX), gold futures for October delivery surged Rs 1,616, or 1.5 per .

Gold outlook: Rate cut supports long-term upside; buy on dips, says analyst

Spot gold hit a new record high of $3,707 on September 17 as the US Federal Reserve cut the Fed Fund overnight rate by 25 bps to 4-4.25 per cent range and signalled two more rate cuts by the end of th

Silver imports likely to gain momentum from strong investment demand

Higher imports by the world's biggest silver consumer could give further support to global prices that are close to their highest level in 14 years

Gold rises ₹250 to hit fresh peak of ₹1.13 lakh per 10 g, shows data

Gold prices climbed Rs 250 to scale yet another peak of Rs 1,13,000 per 10 grams in the national capital on Wednesday, buoyed by robust buying by central banks globally, a weak dollar, and lingering geopolitical uncertainties. So far this year, the precious metal prices have added Rs 34,050 or 43.12 per cent, surging from Rs 78,950 per 10 grams on December 31, 2024. According to the All India Sarafa Association, the precious metal had closed at Rs 1,12,750 per 10 grams, rallying by Rs 5,080 on Tuesday. On Wednesday gold of 99.5 per cent purity also appreciated by Rs 250 to hit a lifetime high of Rs 1,12,500 per 10 grams (inclusive of all taxes). "Gold continues to trade near record highs, supported by a weakening US dollar index, which has slipped to a seven-week low, and growing expectations of aggressive rate cuts in the coming months. "Additional strength has come from retreating US Treasury yields and rising geopolitical tensions in the Middle East region, though much of this

Gold hits new peak above $3,600 per oz as traders weigh Fed rate-cut bets

Spot gold rose 0.9% to $3,617.79 per ounce at 1209 GMT after hitting a record high of $3,622.07 earlier in the session

Ferro alloys demand likely to grow at 7-8% CAGR in India: Report

India's ferro alloys demand is expected to grow at a CAGR of 7-8 per cent over the next five years, driven by higher steel production, according to markets research firm BigMint. At present, the demand of ferro alloys -- used to add various properties to steel -- in India is over 4 million tonnes, BigMint CEO Dhruv Goel said on Wednesday. Ferro alloys like silico manganese and ferro chrome, etc, act as deoxidisers and alloying agents, improving steel's properties like hardness, strength, corrosion resistance, and wear resistance, he said. The domestic ferro alloys capacity stands around 7.5 million tonnes, while the production is at 6 million tonnes, of which around 2 million tonnes are exported, the industry expert said at the '5th International Ferroy Alloys Conference 2025', organised by Indian Ferro Alloy Producers' Association (IFAPA). "India's ferro alloys industry has immense potential as the demand will continue to grow at 7-8 per cent CAGR till FY2030," Goel said, addressi

Silver surges ₹2,000 to hit fresh peak of ₹1.20 lakh per kg; gold up ₹500

Silver prices surged by Rs 2,000 to hit a fresh peak of Rs 1,20,000 per kilogram in the national capital on Wednesday, as traders flocked to safe-haven assets after the steep US tariff on Indian products came into effect. According to the All India Sarafa Association, the white metal had rallied Rs 3,000 to Rs 1,18,000 per kg on Tuesday. In the national capital, gold of 99.9 per cent purity climbed by Rs 500 to Rs 1,01,270 per 10 grams (inclusive of all taxes) on Wednesday. The precious metal had settled at Rs 1,00,770 per 10 grams in the previous market close. Additionally, the yellow metal of 99.5 per cent purity appreciated by Rs 400 to Rs 1,00,800 per 10 grams (inclusive of all taxes) on Wednesday. It had finished at Rs 1,00,400 per 10 grams on Tuesday. "Gold and silver are continuing their upward trajectory amid increased political unpredictability following President Donald Trump's dismissal of Federal Reserve Governor Lisa Cook," Renisha Chainani, Head - Research at Augmont

Crude oil prices fall ahead of Trump-Putin meeting at Alaska summit

Brent crude futures were down 89 cents, or 1.3 per cent, at $65.95 a barrel by 1315 GMT. U.S. West Texas Intermediate crude futures were 97 cents, or 1.5 per cent, lower at $62.99

Crude oil prices rise as US Fed rate cut, Trump-Putin talks loom

Central banks, like the U.S. Federal Reserve, use interest rates to control inflation. Lower interest rates reduce consumer borrowing costs and can boost economic growth and demand for oil