TAG: commodity market news
Diwali 2023: Gold to glitter, base metals may struggle in Samvat 2080, says Jigar Trivedi of Reliance Securities
Samvat 2080: Gold prices are expected to rally further while silver may continue its outperformance...
8 months ago
Gold price jumps 6% this month. Should you buy as MCX gold rate dips ₹1000 from record high?
Gold rate today: On account of three interest rate cuts in 2024 by the US Federal Reserve, gold price on the Multi Commodity Exchange (MCX) touched a new high of ₹66,943 per 10 gm last week. However, profit-boking soon triggered and the yellow metal pric...
6 months ago
Gold rate today, 21st March 2024: Gold price hits new peak of ₹66,943 on MCX after US Fed meeting. Buy or sell?
Gold rate today: On account of three US Fed rate cut buzz in 2024, gold price extended its Wednesday evening rally on Thursday morning deals. Gold futures contract on the Multi Commodity Exchange (MCX) for the April 2024 expiry opened higher at ₹66,100 p...
6 months agoCommodity market today: Jeera hits record high on demand-supply constraints. Experts see more upside
Commodity market today: Due to low yield in India and rising demand in domestic and international market, Jeera price today climbed to a new life-time high of ₹46,250 per quintal on NCDEX (National Commodity Exchange), bettering its previous record high...
6 months agoGold price retraces from record high on US Fed's rate hike buzz. Buy or wait?
Gold rate today: On account of US Fed's rate hike buzz, gold price retraced more than ₹1,400 from its life-time high of ₹61,371 per 10 gm on Multi Commodity Exchange (MCX). Gold future contract for June 2023 on MCX finished at ₹59,945 levels on Friday. I...
6 months ago
Gold Price Today: MCX Gold trades lower ahead of US inflation data; what should be your strategy?
Gold prices traded slightly lower in the early trade in the domestic futures market on May 10, tracking weak global cues and weak demand from the spot market. In the global markets, gold prices traded lacklustre as traders await US inflation data due lat...
6 months ago
Why are gold and US dollar rates moving in same direction? — explained
Gold rate today: Despite the strong US dollar, gold and silver prices are continuously flirting with the record highs since last. After hitting a new peak on Friday, gold and silver prices climbed to a new peak in the early morning session on Monday. Gol...
6 months ago
Gold price today: Gold rates move higher on MCX; what should be your strategy for MCX Gold today?
Gold price today: Gold prices witnessed decent gains in the domestic futures market's morning trade on Wednesday, April 10, tracking positive global cues. MCX Gold for June 5 delivery traded 0.44 per cent higher at ₹71,652 per 10 grams around 11:20 am....
6 months ago
Gold rate outlook: Goldman Sachs raises yellow metal price forecast to $2700 per ounce by year-end
Gold prices traded near record-high levels on Monday after a sharp rally led by safe-haven demand amid ongoing conflict in the Middle East. Gold rate has rallied 20% over the past two months and analysts expect further gains in the bullion prices. While...
5 months ago
Gold rate today: Yellow metal prices steady amid geopolitical risks; higher US Treasury yields weigh
Gold prices were steady on Wednesday led by safe-haven demand amid the Middle East conflict partially offseting pressure from higher US Treasury yields. Spot gold price was at $2,383.29 per ounce, while US gold futures fell 0.3% to $2,399.60 per ounce....
5 months ago
Gold prices end five-week rally on ease in Iran-Israel conflict, dent in US Fed rate cut buzz
Gold rate today: On account of ease in the Iran-Israel war buzz and dent in the US Fed rate cut speculations in the upcoming US Fed meeting, gold prices witnessed strong profit-booking last week. Gold futures contract on the Multi Commodity Exchange (MCX...
5 months ago
Silver price up 16% in just 2 months; is the metal ready for a strong rally?
Silver price has seen strong gains in the last two months, jumping over 16 percent, maintaining its position above the ₹80,000 per kg mark in the spot market. Silver prices were around ₹69,000-odd levels in the last week of February; they are trading ne...
5 months ago
Gold rate today jumps after disappointing US non-farm payroll data, slide in US dollar rate, Xi Jinping's Europe trip
Gold rate today: The release of disappointing US non-farm payroll data last week, coupled with the ongoing weakness in the US dollar rates, has led to a rebound in gold prices today. The gold futures contract for June 2024 expiry on the Multi Commodity E...
5 months ago