Silver at $30.12 was down over 2 per cent at the time of MCX closing as the corresponding MCX July contract at Rs 90305 was down 2.91 per cent on the day
Commodity trading: Copper prices have dropped 7 per cent since Monday's record high, with a significant intraday drop due to profit-taking
The downside pressure on gold further intensified on Thursday on better-than-expected S&P US Global manufacturing and services PMI data
Brent crude oil outlook: Brokerage firm Sharekhan expects prices to trade in a broader range of $75-$80/b unless there is any major changes in terms of macroeconomics or geo-politics
Silver price on MCX: Support is seen at $31 (Rs 93,500) /$29.50 (Rs 89,000)
Despite ongoing conflicts and lower demand growth expectations, oil prices remain steady
The metal was changing hands at $2381 at the time of the MCX closing, which is down 0.20 per cent from Wednesday's closing level
Silver may trade between $28.80 (Rs 85,000) and $30 (Rs 88,300) in the near-term, says Praveen Singh of Sharekhan by BNP Paribas.
Any significant upside in Crude Oil can only be sustained by strong demand side fundamentals from the US and China, says Mohammed Imran, research analyst at Sharekhan BNP Paribas.
Gold: Rises as the Fed Chair calls PPI data as 'mixed' on downward revisions to the prior data.
Spot gold was up nearly 1 per cent Thursday on rate cut bets as the weekly US job data disappointed
Weak job data bolstered the speculation that the weakening economy would force the US Federal Reserve to cut rates
Brent crude strategy: Brent oil prices are expected to range between $75 to $90 per barrel,
Mohammed Imran, research analyst at Sharekhan BNP Paribas, expects WTI Crude oil prices to broadly trade with upward bias in the range of $77-$80 per barrel.
Silver outlook by Sharekhan: The recovery in Silver prices has been driven largely by increasing probability of rate cuts by the US Federal Reserve
Copper futures topped the $10,000-mark for the first time in 2 years, Aluminium futures quoted at 2-year highs earlier this month; here are the key levels to watch out.
Davis, who was named as president for strategy at Vedanta Resources Ltd. last year, was working closely with the group's lenders and shareholders
Commodity major's stock has hit its highest level since February 2023
The MCX Natural Gas futures have declined over 6 per cent so far in March, and tumbled up to 82 per cent from the peak in August 2022.
The exchange, instead of opening at 9am, was able to commence trading after 1 pm