Page 41 - Commodity Research News Today

Gold prices edged up on Wednesday. Spot gold rose 0.2 per cent to $1,839.99 per ounce by 0210 GMT. US gold futures gained 0.2 per cent to $1,840.40.

Gold prices gained for a fourth straight

Presently, gold and silver attract a basic customs duty of 12.5 per cent. Finance Minister Nirmala Sitharaman presented Budget 2021 on February 1 in the Parliament and announced that the government has decided to rationalise the custom duty on gold and silver in order to bring prices closer to previous levels. Gold and silver presently attract a basic customs duty of 12.5 per cent. Since the duty was raised from 10 per cent in July 2019, the prices of precious metals rose sharply. As part of...

Crude oil futures for February scale fresh highs of Rs 4,278, Brent inches near $61 a barrel In the futures market, crude oil for February delivery touched an intraday high of Rs 4,278 and an intraday low of Rs 4,237 per barrel on MCX. Source: Reuters Crude oil futures edged higher to Rs 4,253 per barrel on February 9 after hitting a fresh high of Rs 4,278 for February series during intraday trade on the MCX. Crude oil jumped on hopes of further US economic stimulus and production cuts among k...

Oil Climbs With Market Structure Firming on Tightening Supplies Bloomberg 2/9/2021 Andres Guerra Luz (Bloomberg) -- Oil continued its advance for the seventh straight session on expectations of a strong rebound in demand and as the dollar weakened. Popular Searches Futures in New York climbed above $58 a barrel, the highest since January 2020 after a choppy trading session Tuesday. The nearest Brent contract sharply widened its premium to the following month, pointing to suppl...

Liquidity may take a hit as Chinese markets are closed for Lunar holiday from February 11-17.

In the spot market, gold in the national capital on Thursday declined Rs 322 to Rs 47,135 per 10 gram, recording fall for the fourth consecutive day, with drop in global precious metal prices and rupee appreciation.

Synopsis Dealers believe increased demand for physical gold, ETF buying and exports will lend some support to prices in coming months. Agencies The demand for physical gold has already surpassed pre-Covid levels but the tax cut has not led to any instant demand in the physical market. NEW DELHI: A 250 basis point tax cut and improving economic conditions have put pressure on gold prices, in both the physical and futures market, as the yellow metal is trading down nearly 5 per cent from its pre-...

Gold prices today fall to Rs 47,500, silver dips by Rs 700 SECTIONS Share Synopsis The dollar hit its highest in over two months on Wednesday, making precious metals expensive for holders of other currencies. Benchmark 10-year Treasury yield rose to its highest in over three weeks. Gold futures on MCX were down 0.56 per cent or Rs 269 at Rs 47,547 per 10 grams. Silver futures dropped 1.09 per cent or Rs 745 to Rs 67,820 per kg. NEW DELHI: Gold and silver futures prices slid on Thursday tracking...

Gold Rates Today: Domestic spot gold closed at Rs 47,452 per 10 grams on Thursday Gold Price in India: Amid falling prices of the yellow metal, domestic gold futures witnessed a volatile trading session on Thursday, February 4. In the national capital, gold rates slipped by Rs 322 to Rs 47,135 per 10 gm amid a decline in global precious metal prices and appreciation of the rupee, according to HDFC Securities. Silver prices also declined by Rs 1,972 to Rs 67,170 per kg, as compared to th...