Page 9 - Head Commodity News Today

As for silver futures, the uptick in October is around 3.58% or Rs 2,500 while the year-to-date gains stand at Rs 4.25% or 2,947 per kg.

MCX December gold futures were trading flat at Rs 60,955 per 10 gram, up by Rs 3. They are at five month high levels. Meanwhile, the December Silver futures were trading at Rs 71,732 per kg, higher by Rs 152 or 0.21%.

MCX December gold futures were trading at Rs 60,977 per 10 gram, up by Rs 151, or 0.25%. They are at five month high levels. Meanwhile, the December Silver futures were trading at Rs 71,955 per kg, higher by Rs 168 or 0.23%.

Gold jewellery demand is expected to improve in the domestic market in the last quarter of 2023 due to the festival season and wedding season. However, overall demand has been lower compared to last year due to factors such as weak monsoon and higher prices. The ongoing geopolitical concerns and factors like a slowdown in global growth and central bank buying are expected to support the current rally in gold prices. Silver has underperformed gold this year, and its investment demand has declined...

MCX December gold futures traded in the red on Wednesday at Rs 60,476 per 10 gram, down by Rs 61, or 0.10%. Meanwhile, the December Silver futures were trading at Rs 71,670 per kg, higher by Rs 116 or 0.16%.

Hardik Mangla, Founder of jewellery brand Demi Luxe said that the traders should look to capitalise on the current bullish trend and make fresh buying positions in gold and silver as the escalating tensions between Israel and Palestine is driving the investors toward safe-haven assets.

MCX December gold futures traded in the red on Monday at Rs 60,537 per 10 gram, up by Rs 191, or 0.33%. Meanwhile, the December Silver futures were trading at Rs 72,543 per kg, higher by Rs 366 or 0.50%.

MCX December gold futures traded in the green on Friday at Rs 60,459 per 10 gram, up by Rs 141, or 0.23%. Meanwhile, the December silver futures were trading at Rs 72,025 per kg, higher by Rs 409 or 0.57%.

MCX Gold futures have gained nearly Rs 3,000 or 5.21% in October largely aided by the Israel-Hamas crisis since last week, Anuj Gupta, Head Commodity & Currency, HDFC Securities said. As for Silver futures, the gains are to the tune of 2.90% or Rs 2,025 on the month-to-date basis, he added.

Meanwhile, the December silver futures were trading at Rs 70,785 per kg, lower by Rs 252 or 0.58%. Both gold and silver gained over 4% in the week gone by.