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On Monday, the MCX December gold futures were trading at Rs 57,476 per 10 gram, up by Rs 605, or 1.06%. Meanwhile, December silver futures were trading at Rs 69,001 per kg, higher by Rs 831 or 1.22%.
The MCX December gold futures were trading at Rs 56,730 per 10 gram, up by Rs 122, or 0.22%. Meanwhile, December Silver futures were trading at Rs 66,999 per kg, higher by Rs 231 or 0.35%.
Anuj Gupta, Head Commodity & Currency at HDFC Securities, predicts that crude oil prices will likely stay below $100 per barrel in the long term due to the unpreparedness of economies for another bout of inflation. He believes that in a demand-supply mismatch, producers will increase crude oil production. Despite recent increases in output from Nigeria and Iran, Gupta expects the oil market to remain in deficit in 2023. He also suggests that crude oil prices may witness a correction before resuming their rally.
On Thursday, the MCX December gold futures were trading at Rs 56,860 per 10 gram, up by Rs 139, or 0.35%. Meanwhile, December silver futures were trading at Rs 67,399 per kg, lower by Rs 514 or 0.77%.
On Wednesday, the MCX December gold futures were trading at Rs 56,851 per 10 gram, down by Rs 76, or 0.13%. Meanwhile, December silver futures were trading at Rs 67,035 per kg, lower by Rs 359 or 0.53%.