Sandeep Sinha

Senior Sub-Editor

Moneycontrol News

Gold prices plunge to Rs 45,976 per 10 gram, silver falls Rs 155 a kg

BUSINESS

Gold prices plunge to Rs 45,976 per 10 gram, silver falls Rs 155 a kg

The gold/silver ratio currently stands at 67.15 to 1, which means the number of silver ounces required to buy one ounce of gold.

Crude oil futures fall 0.26% to Rs 4,592 per barrel; money managers decrease long positions

BUSINESS

Crude oil futures fall 0.26% to Rs 4,592 per barrel; money managers decrease long positions

The black gold has been trading higher than 5, 20, 50, 100 and 200 days' moving averages on the daily chart. The Relative Strength Index (RSI) is at 76.64 which indicates positive momentum in prices.

Silver futures rise 1.34% to Rs 68,162 per kg on industrial demand

BUSINESS

Silver futures rise 1.34% to Rs 68,162 per kg on industrial demand

Silver holdings in iShares ETF fell by 57.7 tonnes to 19,156.60 tonnes on ETF outflow.

Cotton futures rise 1.32% to Rs 22,180 per bale, Motilal Oswal suggests buy on dips strategy

BUSINESS

Cotton futures rise 1.32% to Rs 22,180 per bale, Motilal Oswal suggests buy on dips strategy

MCX Cotton has been making higher peaks and higher troughs on the daily chart which indicates strength in the prices of the commodity.

Natural gas futures dip 0.24% to Rs 205.40 per mmBtu

BUSINESS

Natural gas futures dip 0.24% to Rs 205.40 per mmBtu

Traders must follow a buy-on-dips approach and the buy range is expected to be around Rs 197-198, say experts.

Gold price falls sharply to Rs 46,446/10 gm on rising bond yields, silver rises by Rs 999 a kg

BUSINESS

Gold price falls sharply to Rs 46,446/10 gm on rising bond yields, silver rises by Rs 999 a kg

The gold/silver ratio currently stands at 66.13 to 1, which means the number of silver ounces required to buy one ounce of gold.

MCX Crude oil futures for March series scale a fresh high of Rs 4,635 per barrel

BUSINESS

MCX Crude oil futures for March series scale a fresh high of Rs 4,635 per barrel

The black gold has been trading higher than 5, 20, 50, 100 and 200 days' moving averages on the daily chart. The Relative Strength Index (RSI) is at 78.33 which indicates the price is nearing the overbought level.

Silver surges above Rs 70,000 per kg as dollar index slides below 90

BUSINESS

Silver surges above Rs 70,000 per kg as dollar index slides below 90

The metal has been trading higher than its 5, 20, 50, 100 and 200 day- moving averages on the daily chart. The Relative Strength Index (RSI) is at 54.57, which indicates a positive momentum in prices.

Natural gas futures up 0.63% to Rs 206.30 per mmBtu on positive global cues

BUSINESS

Natural gas futures up 0.63% to Rs 206.30 per mmBtu on positive global cues

The commodity has been trading higher than 50, 100 and 200 days' moving averages but lower than 5 and 20 moving averages on a daily chart.

Gold prices drop marginally to Rs 46,838/10 gm on firm rupee; silver declines Rs 504/kg

BUSINESS

Gold prices drop marginally to Rs 46,838/10 gm on firm rupee; silver declines Rs 504/kg

The broader range on COMEX could be between $1,795- 1,825, and on the domestic front, prices could hover in the range of Rs 46,550- 47,100.

Crude oil futures jump 0.54% to Rs 4,499 per barrel; Brent trades near $65

BUSINESS

Crude oil futures jump 0.54% to Rs 4,499 per barrel; Brent trades near $65

In the futures market, crude oil for March delivery touched an intraday high of Rs 4,507 and an intraday low of Rs 4,427 per barrel on MCX.

Silver futures gain 0.15% to Rs 69,448 per kg on improved industrial demand

BUSINESS

Silver futures gain 0.15% to Rs 69,448 per kg on improved industrial demand

Silver has been trading choppy as an improved outlook for industrial demands is countered by weaker investor interest.

Natural gas futures fall 1.29% to Rs 206.30 per mmBtu on weak demand

BUSINESS

Natural gas futures fall 1.29% to Rs 206.30 per mmBtu on weak demand

Natural gas has been trading higher than 50, 100 and 200 days' moving averages but lower than 5 and 20 moving averages on a daily chart. The Relative Strength Index is at 48 which indicates low momentum in prices.

Copper futures pare gains on profit-booking after hitting fresh high of Rs 725.80 per kg

BUSINESS

Copper futures pare gains on profit-booking after hitting fresh high of Rs 725.80 per kg

The base metal is getting support from upbeat macros as well as fundamental factors.

Gold price edges up for second day to Rs 46,917 per 10 gram, silver gains Rs 360 a kg

BUSINESS

Gold price edges up for second day to Rs 46,917 per 10 gram, silver gains Rs 360 a kg

The gold/silver ratio currently stands at 67.28 to 1, which means the number of silver ounces required to buy one ounce of gold.

MCX March Crude oil futures hit fresh high of Rs 4,566, Brent trades near $65 a barrel

BUSINESS

MCX March Crude oil futures hit fresh high of Rs 4,566, Brent trades near $65 a barrel

Crude oil has bounced back sharply after a brief correction and may remain firm ahead of the inventory report which will give clarity on demand-supply impact from a recent cold snap in the US.

Silver futures down 0.51% to Rs 70,074 per kg; gold-silver ratio at its lowest since August 2014

BUSINESS

Silver futures down 0.51% to Rs 70,074 per kg; gold-silver ratio at its lowest since August 2014

The spot gold/silver ratio currently stands at 64.75 to 1 indicating that silver has outperformed gold. The ratio has dropped to the lowest since August 1, 2014.

Natural gas futures fall 0.38% to Rs 210.10 per mmBtu on muted global cues

BUSINESS

Natural gas futures fall 0.38% to Rs 210.10 per mmBtu on muted global cues

In the futures market, natural gas for March delivery touched an intraday high of Rs 213.10 and an intraday low of Rs 208.50 per mmBtu on MCX.

Gold rises to Rs 46,649 per 10 gm on bargain buying, silver jumps Rs 956 a kg

BUSINESS

Gold rises to Rs 46,649 per 10 gm on bargain buying, silver jumps Rs 956 a kg

Spot gold soared by $12.83 to $1,796.96 an ounce at 1214 GMT in London trading.

Crude oil futures climb 0.84% to Rs 4,340 on MCX, WTI crude trades below $60 a barrel

BUSINESS

Crude oil futures climb 0.84% to Rs 4,340 on MCX, WTI crude trades below $60 a barrel

The CFTC data showed that money managers increased net long positions to 2 years high by 10,022 lots last week.

Silver futures rise nearly 1% to Rs 69,473 per kg on demand uptick

BUSINESS

Silver futures rise nearly 1% to Rs 69,473 per kg on demand uptick

The spot gold/silver ratio currently stands at 65.36 to 1 indicating that silver has outperformed gold.

MCX Copper hits lifetime high of Rs 717.20 per kg on firm demand; LME Copper surges above $9,000 tonne

BUSINESS

MCX Copper hits lifetime high of Rs 717.20 per kg on firm demand; LME Copper surges above $9,000 tonne

The fundamental outlook for copper is extremely bullish with no evidence that current price levels are yet stimulating softening effects to reverse both spot and forward fundamental tightening trend, says Motilal Oswal.

Natural gas futures down 1.8% to Rs 212.50 per mmBtu on weak global cues

BUSINESS

Natural gas futures down 1.8% to Rs 212.50 per mmBtu on weak global cues

In the futures market, natural gas for March delivery touched an intraday high and low of Rs 215 and Rs 211.70 per mmBtu, respectively on MCX.

Gold prices fall for third day to Rs 46,101 per 10 gm on reduced safe-haven demand, rising bond yield; silver eases

BUSINESS

Gold prices fall for third day to Rs 46,101 per 10 gm on reduced safe-haven demand, rising bond yield; silver eases

Gold remains under incessant selling pressure while Bitcoin scaled to fresh highs this week, raising debate about cryptocurrency becoming digital gold.

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