Page 55 - Multi Commodity Exchange News Today

Brent crude traded at $90 a barrel as Saudi Arabia and Russia extends production cut.

Gold prices in India are generally influenced by a variety of factors, including global economic conditions

Analysts advise traders to book long positions and take fresh short positions in gold and silver near resistance levels

Gold rate today: 22 carat gold is Rs 55,350/10 grams in Chennai. Similarly, Tamil Nadu’s capital city has Rs 60,390 per 10 grams retail price of 24 carat gold

Uday Kotak has resigned as MD and CEO of Kotak Mahindra Bank, with Dipak Gupta taking over until December 31

Except pharma, all other sectoral indices ended in the green with power, metal, auto, oil & gas and bank up 1-2.7 percent.

US government data on Wednesday showed the countrys crude inventories fell by a larger than expected 10.6 million barrels last week, depleted by high exports and refinery runs

Analysts say focus will now shift to PMI data from major economies

A mixed trend was seen on the sectoral front, with oil & gas, power, FMCG and bank down 0.5-1.3 percent, while realty, metal, capital goods and information technology gained 0.2-0.7 percent

Gold rate today in India: Global economic conditions also exert a significant influence on the gold rate.