Page 47 - Commodity Research News Today

New coronavirus strain: Crude oil futures tank nearly 5% to Rs 3,440 as fear of spread rises In the futures market, crude oil for January delivery touched an intraday high of Rs 3,554 and an intraday low of Rs 3,436 per barrel on MCX. Mumbai / December 21, 2020 / 04:13 PM IST Crude oil futures slumped to Rs 3,440 per barrel on December 21 amid worries over the new coronavirus strain in the UK after the government warned it could go out of control. The number of rigs drilling crude oil in th...

Gold prices edge higher for fifth day to Rs 50,308 per 10 gm; silver jumps Rs 673 a kg Silver prices climbed by Rs 673 to Rs 67,192 per kg from its closing on December 18. Mumbai / December 21, 2020 / 06:27 PM IST Gold prices continued their northward march for the fifth straight day by Rs 200 to Rs 50,308 per 10 gram in the Mumbai retail market on rupee depreciation and volatile global cues. The precious metal price pared earlier gains tracking rebounding dollar on safe-haven appeal as a n...

Gold price rises for fourth day in a row to Rs 50,108 per 10 gram; silver up by Rs 50 a kg The broader trend on COMEX could be in the range of $1,860- 1,895 and on the domestic front prices could hover in the range of Rs 49,800- 50,550. Mumbai / December 18, 2020 / 06:56 PM IST Gold prices jumped for the fourth straight day by Rs 101 to Rs 50,108 per 10 gram in the Mumbai retail market on subdued global cues and a flat rupee. The precious metal price was supported by the weakness in dollar a...

Crude oil futures firm at Rs 3,555, Brent trades above $51 a barrel In the futures market, crude oil for December delivery touched an intraday high of Rs 3,566 and an intraday low of Rs 3,529 per barrel on MCX. Mumbai / December 18, 2020 / 06:11 PM IST Crude oil futures rose to Rs 3,555 per barrel on December 18 as participants increased their long position as seen by the open interest. Crude oil price traded higher on hopes of a $900 billion stimulus package in the US, rally in equity mark...

Gold prices zoom above Rs 50,000/10 gm on weak dollar; silver rises by Rs 926 a kg Silver prices climb by Rs 926 to Rs 66,469 per kg from its closing on December 16. gold Gold prices crossed Rs 50,000 per 10 gram for the first time since November 23 in the Mumbai retail market on weakness in the US dollar. The precious metal traded higher on the prospects for more stimulus measures after the US Federal Reserve kept the rate near zero until the economic recovery is complete. The rate of 10 gram ...

Crude oil futures up marginally at Rs 3,537 per barrel in afternoon trade In the futures market, crude oil for December delivery touched an intraday high of Rs 3,571 and an intraday low of Rs 3,542 per barrel on MCX. Mumbai / December 17, 2020 / 04:49 PM IST Crude oil futures edged higher to Rs 3,537 per barrel on December 17 after a gap up opening on a drawdown in US stockpiles and optimism of coronavirus relief package in the US. The US Energy Information Administration (EIA) reported tha...

Gold price today: Yellow metal trades with positive bias, may retest Rs 50,000 Experts are of the view that investors should use dips to buy into precious metals as gold could retest Rs 50,000 in the near term. gold Gold was trading higher in Indian markets on December 17, supported by a weaker dollar, the Federal Reserve keeping the interest rates low and US stimulus talks gaining pace. On the Multi-Commodity Exchange (MCX), February gold contracts were trading higher by 0.37 percent at Rs 49...

Gold price today: Yellow metal trades flat above Rs 49,000; US Fed meeting in focus Experts are of the view that precious metals could remain volatile ahead of the outcome of the US Fed meeting. The immediate support for Gold is placed at Rs 48,700 while on the upside, the yellow metal could face resistance near Rs 49150. gold India Gold February futures trade flat on December 15 but with a positive bias as investors wait for the outcome of the US Federal Reserve meeting which will begin on Dec...

Oil edges higher despite OPECs lower demand view, lockdowns Andres Guerra Luz and Alex Longley, Bloomberg Dec. 14, 2020 FacebookTwitterEmail Oil storage tanks sit along Highway 225, Friday, May 15, 2020, between Houston and Pasadena.Mark Mulligan/Staff photographer Oil inched up as the market weighed the risks of toughening restrictions in New York and London ahead of a widely available vaccine. Futures closed at a fresh nine-month high after swinging between gains and losses earlier. The U.S....

Commodities register cautious gains amid increasing challenges One of the major reasons for the rally across asset classes in the last few months has been the huge influx of monetary inflows as central banks cut interest rates and infused liquidity to boost growth. Ravindra Rao Commodities traded near multi-month highs in last few weeks. However, we are seeing choppy trade amid increasing challenges. Progress on the vaccine front, stimulus measures, optimism around Chinese economy and a weaker ...