Page 9 - Commodity Exchange

Gold up by Rs 10, silver unchanged, yellow metal trading at Rs 59,900/10g

The price of 22-carat gold rose Rs 10, with the yellow metal selling at Rs 54,910.

Gold rallies to Rs 60,000, silver prices appreciate to reach Rs 77,600

The price of ten grams of 24-carat gold in Delhi, Bengaluru, and Chennai is Rs 60,150, Rs 60,000, and Rs 60,330, respectively

Gold price falls Rs 280 to Rs 59,670, silver dips Rs 500 to Rs 73,000

The price of 22-carat gold also dipped Rs 250, with the yellow metal selling at Rs 54,700

Multi Commodity Exchange tanks after extending IT contract at higher cost

MCX's transition to the TCS-run platform has been delayed, despite the company assuring analysts and its investors that the transition would take place by end-June

MCX shares fall as exchange cancels mock trading session for new platform

Shares of Multi Commodity Exchange (MCX) fell over 3 per cent on Friday, a day after the exchange cancelled the mock trading session for the new trading platform. The exchange is in the process of implementing a new commodity derivative platform. In a circular on Thursday, MCX said, "the exchange had proposed a mock trading session on 22 June 2023, from 05.00 pm to 11.30 pm which stands cancelled." The stock went lower by 3.12 per cent to settle at Rs 1,570.45 on the BSE. During the day, it fell 6.37 per cent to Rs 1,517.80. At NSE, it declined 3.28 per cent to end at Rs 1,568.80. Earlier this week, the exchange had proposed a mock trading session on June 19 also but cancelled the same. The exchange had earlier also announced to conduct mock trading sessions to familiarise members with the new trading platform. "MCX stock price fell on June 23 as media carried reports in the morning about cancellation of mock trading on the previous day. Mock trading has been cancelled on a coup

Gold slips, set for best week in three on smaller Fed rate-hike bets

Gold prices have risen about 2.3% this week in what would be their second straight weekly gain

ESMA logjam: EU regulator's move may disrupt bond, derivatives markets

Indian derivatives markets could see disruptions on EU regulator move

Sebi panel weighs relaxations in commodity derivatives framework

Looks at how market-wide position limits are calculated for commodity derivatives contracts

Does a ban on commodities futures trading help govt solve inflation woes?

Futures trading in commodities has been banned at the drop of a hat despite numerous past committees and panels finding no direct linkage between such trading and price rise

First global gold exchange in India aims to create regional bullion hub

The India International Bullion Exchange is expected to attract dealers, refineries and foreign banks, Chief Executive Officer Ashok Gautam said

Explained: How will India's International Bullion Exchange (IIBX) work

India's International Bullion Exchange (IIBX) will be open for jewellers with a net worth of Rs 25 crore and above to participate

Sebi permits FPIs to deal in exchange-traded commodity derivatives

The regulator has also prescribed a working group to examine whether measures towards any additional risk management are required to be prescribed for FPIs

Export curbs, higher energy prices may spike trade deficit further in FY23

Revenues from the export of industrial metals would also take a hit from a decline in metal prices

TCS wins MCX deal to transform its core systems for undisclosed sum

To enable high throughput trading, TCS' solution for MCX will use the Deutsche Börse T7 trading platform, which the Indian IT giant helped develop

Rising commodity prices risk raising costs for India's infra plans

Commodity super-cycle may upset plans for national infrastructure pipeline, raise expenses for Railways

Gold is in overbought zone, trade cautiously: Bhavik Patel of Tradebulls

Gold's next move is expected on Friday when the US Labor Department releases its non-farm payrolls report for May

Here's why Bhavik Patel of Tradebulls thinks Brent crude may hit $80 soon

Crude oil prices are above their daily 5, 8, 13, and 21 day moving average envelope, which is in bullish sequential order

Cryptocurrency crash will support rally in gold: Bhavik Patel of Tradebulls

We are bullish on gold and expect gold to test Rs 48,800- Rs 49,400 this week

'Any level between Rs 45,000-Rs46,000 is ideal for investing in Gold'

If prices gets lower around Rs 46,650 during Akshaya Tritiya 2021, we would recommend investors to buy

Gold exchange blueprint tops Sebi's board meet agenda on February 17

The Sebi board is set to discuss the structure and challenges while setting up a spot gold exchange as proposed in the Union Budget last week