Page 2 - Commodity Trading

Precious metals trade lower; silver futures slide 4%, gold down 1.5%

Prices declined across Comex, MCX and exchange traded funds (ETFs), with silver prices falling nearly 4 per cent and gold prices declining around 1.5 per cent

Gold, silver trade at steep discounts after govt raises import duty

Higher import duty on precious metals has widened domestic discounts, weakened demand and added pressure on gold and silver imports

'Raising fuel prices is a better option over duty hike in gold and silver'

Value of gold imports rose in FY26 even as volumes fell. Apurva Sheth of Samco explains why higher gold duty may not curb demand and why fuel price hikes could better protect India's fiscal position

Brent seen at $95-115; supply deficit to keep prices elevated: Analyst

The global oil market is increasingly reflecting second-order effects of the US-Iran conflict, now in its 73rd day, following Iran's effective closure of the Strait of Hormuz on February 28

Can a 15% gold duty fix India's trade deficit? The math is not simple

India may need a steep fall in gold imports to ease its trade deficit, but high prices, investment demand and smuggling risks complicate the duty hike's impact

Oil stabilises on diplomacy hopes, yet structural risks persist: Analyst

MCX Crude Oil on the daily chart is consolidating within a symmetrical triangle pattern, indicating a phase of compression after the recent volatile swings

Safe-haven surge: Silver ETFs soar 6% amid geopolitical stress, oil spike

MCX Silver opened with a slight gap up and is trading within the ₹280,000-₹282,000 zone, sustaining well above the ascending trendline as bullish momentum builds

Stranded Gulf supply, Iran conflict may push Brent toward $130-145: Analyst

If the conflict extends another eight weeks without a credible Hormuz reopening, expect Brent at $130-145 per barrel, with the World Bank's adverse scenario averaging $115 for the full year

Silver outlook bearish in near-term; Analyst flag $72 as next key support

Silver can test support around $72 should bears take out the key level of $74.50. Upside may be capped at around $79 for a very short term

Silver supported by weak dollar, oil pullback; upside bias intact: Analyst

On April 14, silver prices surged to $80.85 -- the highest since March 13 -- on Iran peace hopes before erasing gains as the US Dollar stabilised

Gold eyes $5,000 amid US-Iran ceasefire hopes; analyst suggests buy on dips

Gold may rise to $5000 in the short term, though a sustainable extension of the ongoing rally, which has been in place from the cycle low of $4099, will call for an increase in the safe haven appeal

Brent stays elevated on physical supply stress; easing seen by May: Analyst

The impact of the war on energy infrastructure is considerably more severe than futures prices currently imply

Brent to stay elevated amid supply shocks; easing likely by Q3: Analyst

Brent futures are currently trading near $95/bbl after a 4.6 per cent correction, yet remain up 31 per cent since the start of the conflict, 56 per cent year-to-date

MCX shares rise over 3% in weak market; m-cap tops ₹70,000 crore

MCX shares were seen trading northward, with a gain of 2.9 per cent at ₹2,742.7 on the National Stock Exchange

Silver eyes $85 in the short term; analyst suggests buying on dips

Silver recovery is being driven by ceasefire optimism that is keeping the oil prices capped. Safe-haven flows seem to be largely absent

Oil prices to hold around $88-95/barrel for next 4-6 weeks, says analyst

Mohammed Imran of Mirae Asset Sharekhan expects that Brent and WTI floor prices would remain elevated at pre-war levels

Upside for MCX Gold capped at ₹165,000; Silver may consolidate: Analysts

Commodity research analyst Nirpendra Yadav at Bonanza believes that the pullback in Gold and Silver prices is due to weak buying momentum, hence they may struggle to extend gains.

Stock market holiday: BSE, NSE closed today, April 3, for Good Friday

All trading and settlement activities on the BSE and the NSE, including equities, derivatives, and the Securities Lending and Borrowing (SLB) segment, are suspended for the day

Stock market holiday: BSE, NSE closed today, March 31, for Mahavir Jayanti

All trading and settlement activities on the BSE and the NSE, including equities, derivatives, and the Securities Lending and Borrowing (SLB) segment, are suspended for the day

Gold, Silver ETFs rise 2% as West Asia tensions drive safe-haven buying

Gold and silver ETFs were in demand in the week's first trading session, rising over 2% as safe-haven buying surged amid West Asia tensions