In the international market, too, gold and silver futures were trading with losses
Gold recovers after a weak start on domestic exchange; Comex futures trade lower
Silver prices rallied by Rs 6,066 to Rs 2.52 lakh per kilogram in futures trade on Monday as easing geopolitical tensions in West Asia and a weaker US dollar improved sentiment in the bullion market. On the Multi Commodity Exchange, the white metal for July delivery surged Rs 6,066, or 2.46 per cent, to Rs 2,52,252 per kilogram in a business turnover of 11,420 lots. In the past week, silver fell Rs 2,351, or nearly 1 per cent, to Rs 2.46 lakh per kg. The rebound comes after US and Iranian officials announced that they had reached an initial agreement to end the conflict, lift the US naval blockade on Iran and reopen the Strait of Hormuz, a key route for global energy supplies. In a post on Truth Social, US President Donald Trump said, "The deal with the Islamic Republic of Iran is now complete," adding that he had authorised the reopening of the Strait of Hormuz and the immediate removal of the US naval blockade. In the international markets, Comex silver futures for July contract
Multi Commodity Exchange (MCX) on Monday launched 'Silver 100' futures contracts, enabling retail investors and small jewellers to gain exposure to silver in quantities as low as 100 grams, expanding access to a market previously dominated by larger institutional players. The new contract adds to MCX's existing silver futures lineup of 30 kg, 5 kg and 1 kg contracts, and monthly options in 30 kg and 5 kg denominations. Clearing and settlement will be handled by the Multi Commodity Exchange Clearing Corporation Limited (MCXCCL). "The Silver 100 futures contract helps businesses in India's silver industry protect themselves against price volatility," said Praveena Rai, Managing Director and CEO of MCX in a regulatory filing. "Local jewellery businesses can now hedge or take delivery in quantities that are better aligned with their inventory needs." The smaller denomination is designed to reduce capital requirements for small and medium enterprises (SMEs) and retail participants, whi
Since the start of April 2026, the Nifty Capital Market index has outperformed the market by soaring 31 per cent, as compared to 6.2 per cent rise in the Nifty 50
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
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
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
Investor sentiment was further supported by the company's announcement of a dividend of ₹8 per equity share (face value ₹2 each) for FY26
In the last three years, BSE has delivered a staggering 2,157 per cent return and MCX surging 844 per cent.
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
India's leading commodity bourse Multi Commodity Exchange (MCX) said on Monday it has received approval from markets regulator SEBI to invest in a proposed coal exchange company. MCX, which received the Securities and Exchange Board of India's approval on April 17, plans to incorporate a new wholly owned subsidiary, likely to be named MCX Coal Exchange Ltd or MCX Coal Exchange of India Ltd, according to a regulatory filing. The exchange said it will commit capital of up to Rs 100 crore to the new subsidiary to meet minimum net worth requirements under draft Coal Exchange Rules, and will initially hold a 100 per cent stake, with the option to bring in strategic partners at a later stage. The new entity will provide a transparent, standardised digital platform for the physical delivery of coal at market-driven prices, and will submit an application to the Coal Controller Organisation of India once prescribed timelines are in place. The move builds on MCX's existing energy derivative
Brokerage compensates clients for losses from MCX outage, citing goodwill gesture to protect relationships despite the issue originating at the exchange
BSE stock has surged 29% and MCX 21% thus far in April in anticipation of strong Q4 earnings. Anand James of Geojit expects BSE to target ₹4,200 on the upside in the medium-term.
MCX shares were seen trading northward, with a gain of 2.9 per cent at ₹2,742.7 on the National Stock Exchange
In the international market, spot gold was up 2.5 per cent at $4,819.25 per ounce. Similarly, spot silver also jumped 5.5 per cent to $76.91 per ounce
Stock market holiday: Trading and settlement activities across the equity, equity derivatives, and Securities Lending and Borrowing (SLB) segments will be suspended on both exchanges
MCX share price target: HDFC Securities has maintained a 'Buy' rating on MCX stock and raised its target price to ₹2,950 from ₹2,780
Broader market sentiment was also fragile on Monday as the war in West Asia entered its fourth week with no clear resolution in sight
Crude oil prices declined by Rs 190 to Rs 8,808 per barrel in futures trade on Friday as traders weighed the prospects of additional Iranian supply despite lingering geopolitical tensions in West Asia. On the Multi Commodity Exchange, crude oil for the April delivery ended its three-day rally, declining by Rs 190, or 2.11 per cent, to Rs 8,808 per barrel in a business turnover of 18,781 lots. Analysts said the fall in oil prices was driven by hopes of softening geopolitical risk premium following indications of a more pragmatic approach by the US towards Iranian crude supplies. In the overseas trade, West Texas Intermediate (WTI) futures for May delivery fell USD 1.85, or nearly 2 per cent, to USD 93.70 per barrel, while Brent Oil for the same month contract slipped 0.34 per cent to trade at USD 108.28 per barrel in New York. The dip in crude prices, now around USD 107 per barrel for Brent against a peak of USD 119, reflects a 'relief valve' moment, though tensions remain high, Aam