Page 43 - Commodity Research News Today

Oil rose to the highest in more than two weeks. (Bloomberg) -- Oil rose to the highest in more than two weeks, lifted by broader market strength and optimism over demand recovering this year. Futures climbed 2.6% in New York on Monday, the largest jump in about three weeks, with the S&P 500 rebounding from the worst selloff since October. Meanwhile, Saudi Aramco sees oil demand returning to pre-Covid levels later this year, saying it is confident the worst of the pandemic is now in the rearview...

Gold prices down Rs 450 at Rs 48,745/10 gm, silver surges above Rs 73,043 a kg The gold/silver ratio currently stands at 66.73 to 1, which means the number of silver ounces required to buy one ounce of gold. gold silver metals Gold prices declined by Rs 450 to Rs 48,745 per 10 gram in the Mumbai retail market. However, losses were capped by positive global cues and rupee depreciation. Finance Minister Nirmala Sitharaman proposed a cut in import duty on precious metal to 7.5 percent from 12.5 ...

Six expectations from Budget 2021 for Commodity market by Kotak Securities The focus of Budget 2021-2022 could be largely to mend the economy and boost growth and fight inflationary pressures. While the economy came under pressure, the commodities market was also not left unaffected. January 30, 2021 / 12:12 PM IST The ruling BJP government is set to announce its eighth Annual Budget on February 1, 2021. The year 2020 was a challenging year for all major economies, including India, as gover...

Gold may remain choppy, reflecting mixed trade in the dollar, however, rising virus cases and US stimulus expectations may lend some support, experts say.

Crude oil futures remain flat at Rs 3,837; brent trades above $55 a barrel In the futures market, crude oil for February delivery touched an intraday high of Rs 3,843 and an intraday low of Rs 3,801 per barrel on the MCX. Mumbai / January 29, 2021 / 05:04 PM IST Crude oil futures were steady at Rs 3,837 per barrel on January 29 as participants increased their long position as seen by the open interest. The crude oil prices edged lower on delay in vaccine rollout, and fresh travel curbs in ...

Investors can look at selling gold on every bounce towards 49,000. Overnight, the US Fed’s downbeat growth outlook and ECB’s willingness to cut rates pushed the dollar higher, putting pressure on gold, experts say.

Gold prices flat at Rs 48,986/10 gm, India jewellery demand falls 42% in 2020 Gold holdings in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund decreased by 3.2 tonnes to 1,169.16 tonnes on weaker investor interest. Source: Reuters Gold prices were steady at Rs 48,986 per 10 gram in the Mumbai retail market on rupee depreciation and negative global cues. The yellow metal traded weaker weighed down by a stronger dollar and broader sell-off across assets class amid global r...

Crude oil futures drop 0.77% to Rs 3,863 per barrel on demand concern In the futures market, crude oil for February delivery touched an intraday high of Rs 3,860 and an intraday low of Rs 3,828 per barrel on the MCX. Source: Reuters Crude oil futures edged lower to Rs 3,863 per barrel on January 28 as participants increased their short position as seen by the open interest. The crude oil prices declined on worries of fuel demand amid restriction imposed by nations to contain COVID-19 outbreak o...

Gold prices edged lower on Thursday as investors opted for the safety of the dollar after the US Federal Reserve flagged concerns about the pace of recovery in the worlds largest economy.

Experts are of the view that the precious metal which has slipped below 49000 could get some support around Rs 48,800. Investors can use the dip for a target of Rs 49,300 levels.