Page 42 - Commodity Research News Today

Gold futures on MCX were up 0.31 per cent or Rs 150 at Rs 47,975 per 10 grams. Silver futures climbed 1.61 per cent or Rs 1,090 to Rs 72,046 per kg.

Gold price today: Yellow metal gains strength, Silver March Futures up nearly 2% Gold may continue to witness mixed trade unless there is clarity on the US dollar trend however we expect price to trade with a positive bias on US stimulus expectations and loose monetary policy stance of central banks, suggest experts. February 03, 2021 / 10:06 AM IST India Gold April Futures rose above Rs 48,000 per 10 gm on February 3, tracking a positive trend seen in the international spot prices. The Mar...

Crude oil futures up 0.55% to Rs 4,027 on inventory drawdown, Brent inches near $58/bbl Crude oil was supported by severe cold weather in US Northeast boosting demand for heating fuels. Crude oil Crude oil futures jumped to Rs 4,027 per barrel on February 3 as participants increased their long positions as seen by the open interest. Crude oil price gained after a sharp decline in US crude stockpile, increased fuel demand and US lawmakers looked to adopt an economic stimulus package. The America...

Gold prices continue downtrend on firm dollar to Rs 47,976/10 gm, silver drops Rs 2,806 a kg The broader range on COMEX could be between $1,820-1,860 and on the domestic front, prices could hover in the range of Rs 47,700- 48,300, said Navneet Damani, Vice President, Motilal Oswal. Mumbai / February 03, 2021 / 08:23 PM IST Gold prices fell for the third consecutive day by Rs 380 to Rs 47,976 per 10 gram in the Mumbai retail market after a sharp fall on February 3 in the international market...

Will gold turn cheaper after duty cut? India is a price taker and global trend will remain a key price determining factor The year 2020 was a challenging one for all major economies including India as governments imposed strict measures to limit the virus spread but this impacted economic growth. While the economy came under pressure, the commodities market was also not left unaffected. Sharp volatility across commodities was witnessed as prices slumped earlier in the year owing to demand des...

Finance Minister Nirmala Sitharaman announces a 5% revision in Gold Import Duty. Does this mean one should buy Gold?

Gold prices down for second day in a row, silver tanks Rs 2,741 per kg The broader range on COMEX could be between $1,835- $1,865 and on the domestic front prices could hover in the range of Rs 47,800 - Rs 48,450, said Damani. Mumbai / February 02, 2021 / 07:26 PM IST Gold prices dropped for the second straight day by Rs 381 to Rs 48,364 per 10 gram in the Mumbai retail market on muted global cues and rupee depreciation. The yellow metal traded lower tracking firm dollar, ETF outflow and ma...

The gold and diamond jewelry trade contribute 7.5 percent of the countrys GDP and 14 percent of the countrys total exports. As many as 60 lakh people are employed in this sector.

Experts are of the view that precious metal prices are likely to remain volatile on the Budget Day and any dip will be a buying opportunity.

The gold and diamond jewelry trade contribute 7.5 percent of the countrys GDP and 14 percent of the countrys total exports. As many as 60 lakh people are employed in this sector.