Watch the interview of Aurobinda Prasad Gayan, Vice President - Research, Kotak Commodities with Nigel D'Souza and Reema Tendulkar on CNBC-TV18. He spoke about the current trend in commodities markets.
Expectations are growing that the United States will hike interest rates next month, which has pushed the dollar to its highest in half a year against a basket of currencies, making precious metals more expensive for holders of other currencies.
million.* That's almost 10 times the 300-lot average for the opening 10 minutes over the past two months, according to Reuters calculations* Silver, platinum and palladium all gained about 1 percent each
Spot gold fell 0.2 percent to USD 1,082.65 an ounce by 0352 GMT, and on track to post a fourth straight weekly dip. The metal tumbled to USD 1,074.26 in the previous session, the lowest since February 2010.
by jewellers, driven by the ongoing festive season. Token buying activity on the auspicious occasion of Diwali and to mark the beginning of Hindu Samvat Year 2072 also supported the upside, traders said. Silver