COMMODITY NEWS
Traders’ Corner: An agro commodity stock for possible 7% long trade; multiproduct bet for 6% swing trade
More sectors are joining the bullish movement of broader markets
Gold Price Today: Yellow metal remains flat this week, silver up by Rs 750
Gold and silver prices at MCX fluctuate amidst stable DXY, U.S. job openings surge, and European CPI decrease, impacting trading decisions.
Gold Price Today: Gold opens flat at Rs 71,689 per 10 gram, silver trades at Rs 89,867/kg
Gold and silver prices remain stable but cautious as markets await speeches from Fed Chair and ECB President. Manoj Kumar Jain predicts price volatility this week.
Gold Price Today: Gold prices trade flat in June month, silver down by Rs 4,400
Gold and silver prices fluctuated in response to U.S. economic data and Dollar Index movements. Expert advice suggests buying on price dips while support and resistance levels hold steady.
Gold Price Today: Yellow metal opens at Rs 70,977/10 grams, silver at Rs 88,743/kg
Gold futures show signs of weakness with a Bearish Engulfing pattern, signaling a possible downturn. The Relative Strength Index (RSI) points to negative divergence, reinforcing a potential decline.
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Gold Price Today: Yellow metal opens at Rs 71,712/10 grams, silver at Rs 88,858/kg
Gold and silver prices on MCX opened flat, with gold at Rs 71,712 per 10 gms and silver at Rs 88,858/kg. Both settled mixed on Monday amid US economic data anticipation.
Gold Price Today: Yellow metal trades flat; silver down by Rs 2,400
MCX gold August futures fell by Rs 151 in June while silver MCX July futures dropped by Rs 6,390. Prices showed high volatility due to U.S. housing data and dollar index strength.
Oil prices ease on strong US dollar, mixed global economic news
WTI fell out of overbought territory as Fed's interest rate hikes to curb inflation impacted oil demand. The decline in crude prices was influenced by rising U.S. dollar and negative global economic news. U.S. business activity rose to a 26-month high in June with an employment rebound. Geopolitical tensions escalated with warnings of a trade war over electric vehicle imports.
Here's what Kotak Mutual Fund bought and sold in May
The fund house manages assets worth Rs 4.21 lakh crore as of May 2024. The fund house manages 129 mutual fund schemes. Here is the breakup of what the fund house bought and sold in May, according to monthly data released by Prime Database.
Copper slides as China factory output data disappoints
Copper prices fell on Monday due to weaker-than-expected industrial output in China and a stronger U.S. dollar. Three-month copper on the London Metal Exchange dropped 1.1% to $9,637 per metric ton, while the most-traded July copper contract on the Shanghai Futures Exchange slid 2% to 78,110 yuan.
Gold rises as US bonds rally on inflation data and safe haven buying
Investors are concerned that a political crisis is brewing in France in the wake of French President Macron's call for a snap parliamentary vote after his party got trounced by the far-right Marine Le Pen's National rally in the recently concluded European elections.
Gold Price Today: Yellow metal dips by Rs 3,500 from all-time high, silver down by Rs 3,300 in June
Gold and silver prices on MCX reacted to market trends influenced by the USD index, Fed comments on inflation, jobless claims, and specific support and resistance levels, with buying recommendations for investors.
Oil falls more than $1 on worries of supply rising later in 2024
Oil prices fell more than $1 on Tuesday, extending losses from a four-month low in the previous session, as investors worried about supply rising later in the year amid signs of weakening U.S. demand.
Gold prices today: Yellow metal opens at Rs 72,160 per 10 grams, silver at Rs 92,099 per kg
Gold and silver gained after disappointing U.S. manufacturing PMI data and weakness in dollar index. In international markets, gold and silver futures settled higher.
Gold Price Today: Yellow metal opens flat at Rs 72,100 while silver down by Rs 1,080
Gold Price Today: Gold and silver futures open mixed on MCX ahead of US data. MCX Gold shows potential downside with support at Rs 71,700. Neha Qureshi recommends selling MCX gold at Rs 72,200 and silver at Rs 94,000.
Gold prices today: Yellow metal opens at Rs 72,105 per 10 grams; silver down by Rs 1,400/kg
Gold and silver prices at MCX showed high volatility ahead of U.S. GDP data. U.S. Fed member Kashkari's hawkish statements led to a surge in the dollar index and U.S. bond yields.
Gold prices today: Gold opens at Rs 72,203 per 10 grams; silver up by Rs 5,100 in last 3 days
Gold steadied on MCX with June futures opening at Rs 72,203 per 10 grams, while silver rose to Rs 95,670/kg. Commodities stabilize amidst geopolitical tensions and US PCE deflator data anticipation.
Silver surges Rs 3,100 to Rs 95,950 per kg; gold rises Rs 130
Silver rallied strongly by Rs 3,100 to Rs 95,950 per kg in the national capital on Tuesday, while gold went up Rs 130, in line with strong global trends.
Gold Price Today: Yellow metal drops over Rs 600 per 10 grams; silver dips Rs 1800/kg
Gold Price Today: Gold and silver prices fluctuated with MCX June futures down 0.85% and July silver contracts down 1.9%. Gold rose 18% this year due to central-bank purchases and strong demand from Asia despite higher Treasury yields and hawkish comments from Federal Reserve officials. The US Dollar Index was near 104.67.
Gold Price Today: Gold opens at Rs 72,884/10 grams, while silver at Rs 87,155/kg
Gold prices on MCX dip slightly amid hopes for Fed rate cuts. Despite Thursday's loss, gold remains steady, set for second weekly gain. Silver outperforms gold, up 25%. US Dollar Index rises.
Silver prices hit all-time high of Rs 87,476, jump Rs 6,600 in May so far
Silver prices surged 8% on Thursday to hit a fresh all-time high of Rs 87,476 per kg. ANZ analysts forecast it to exceed $31 by 2024, driven by strong fundamentals, rising gold prices, and unique industrial properties. The market is influenced by speculators, record-high gold prices, geopolitical tensions, and factors like momentum-driven buying and interest rate cuts, amid the metal's high volatility.
Gold Prices Today: Gold opens at Rs 72,365/10 grams, silver above Rs 85,000/kg
Gold futures on MCX traded flat ahead of US inflation data, with June contracts inching up 0.09% to Rs 72,365/10 grams. Meanwhile, MCX Silver July contracts rose 0.18% to Rs 85,569/kg. The expected moderation in US inflation may hint at potential Federal Reserve rate cuts, supporting gold prices.
Gold Price Today: Gold prices rise by Rs 1,350 in 10 days to Rs 72,010/ 10 grams, silver rates shoots above Rs 85,000 mark
Gold prices on MCX surged Rs 1,347 in 10 days, opening at Rs 72,010/10 grams today, up 0.22% or Rs 155. Silver also rose. Despite challenges, gold soared 13% this year.
Gold Price Today: Yellow metal tops Rs 72,000/10 grams on Akshaya Tritiya; silver near Rs 85,000/kg
Gold prices surged on Akshaya Tritiya, breaking the Rs 72,000 mark, while silver also saw gains. US data hinting at Fed rate cuts bolstered the precious metals market.
Gold Price Today: Yellow bullion opens flat at Rs 71,350/10 grams; silver at Rs 82,883/kg
In the US, spot gold rose 1% to $2,324.94 per ounce by 2:00 p.m. ET (1800 GMT). U.S. gold futures for June delivery settled 0.9% higher at $2,331.2 per ounce.
Inflation concerns weigh on gold as yellow metal ends with second weekly declines
Spot gold closed $2 down at $2301 in a highly volatile market Friday. US nonfarm payroll and ISM services data fell short of forecast; however, inflationary pressure continues to build up.
Learn with ETMarkets: How to safeguard gold, silver portfolio in volatile markets via hedging strategies?
In the unpredictable world of gold and silver trading, volatility is a constant companion, posing both opportunities and risks for investors.
Learn with ETMarkets: How to navigate through global uncertainties when trading in gold and silver?
Geopolitical events wield significant influence over the prices of MCX Gold and Silver, often sparking volatility and uncertainty in the market. Factors such as war tensions and trade disputes can swiftly alter supply and demand dynamics, prompting investors to seek refuge in precious metals.
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