BUSINESS
Gold price jumps nearly 1% in the week to Rs 49,028/10 gm; silver climbs Rs 915 a kg
The gold/silver ratio currently stands at 67.96 to 1, which means 67.96 ounces of silver is required to buy an ounce of gold.
BUSINESS
Crude oil rises on upbeat growth outlook, jumps 2.67% so far this week
The oil price is supported by a sharp drop in US crude stocks, OPEC’s upbeat growth outlook and choppy US dollar index.
BUSINESS
Natural gas futures hit fresh high for June series; outlook bullish
Technically, NYMEX Natural Gas has important resistance at $3.224 and could move towards $3.334 levels.
BUSINESS
Gold prices fall for the second straight day to Rs 48,750/10 gram, silver rises by Rs 405 a kg
International Gold is trading with negative bias below $1,900 levels and may continue to decline and test the major support of $1,870-1,860 levels.
BUSINESS
Crude oil trades at day's high as WTI regains $70/bbl, just shy of fresh 52 weeks high
However, weighing on crude is choppiness in the equity market and concerns about Chinese demand amid mixed data and efforts to curb rising raw material prices.
BUSINESS
Silver prices slide ahead of US Inflation data, firm dollar
The spot gold/silver ratio currently stands at 67.92 to 1 indicating that silver has outperformed gold. The ratio is testing the support level at the 50 EMA at 67.90.
BUSINESS
Natural gas futures remain firm ahead of inventory report
Technically, NYMEX Natural Gas could trade in the range of $3.05--3.250 levels.
BUSINESS
Aluminium price steady on subdued global trend; plummeting stocks signal tighter market
Limited output from major aluminium producer China coupled with plummeting LME Aluminium inventories signal towards a tighter aluminium market which might be supportive of the prices.
BUSINESS
Gold prices flat at Rs 48,981/10 gm on subdued global cues; Silver corrects by Rs 512 a kg
Gold may remain choppy reflecting volatility in the equity market and the US dollar; however, the general bias may be on the upside unless the US dollar edges up sharply.
BUSINESS
Crude oil soars to fresh high since October 16, 2018 on demand recovery hopes, Brent inches closer to $73/bbl
Crude oil prices are expected to trade sideways to higher for the day with resistance at $72 and support at $68 per barrel.
BUSINESS
Silver prices marginally lower on ETF outflow, weakness in gold and industrial metals
The momentum indicator Relative Strength Index (RSI) is at 50.29, which indicates neutral movement in the price.
BUSINESS
Natural gas futures cool off after hitting a four-month high
Technically, NYMEX Natural Gas could trade in a range of $3.05--3.250 levels.
BUSINESS
Zinc futures fall as dollar rebound; Choice Broking says outlook bullish
The momentum indicator Relative Strength Index (RSI) is at 51.78 which indicates neutral movement in prices.
BUSINESS
Gold prices back above Rs 49,000/10 gm on weaker rupee, silver rises Rs 581 a kg
The broader range on COMEX could be between $1,883-1,908 and on the domestic front, prices could hover in the range of Rs 48,850- 49,250, said Damani.
BUSINESS
Natural gas futures jump over 2% on higher cooling demand; trades above key averages
Technically, NYMEX Natural Gas could trade in a range of $3-3.25 levels.
BUSINESS
Crude oil dips on weaker demand outlook, Iran nuclear talks; Brent trades below $71/bbl
The momentum indicator Relative Strength Index (RSI) is at 60.60, indicating bullish movement in prices.
BUSINESS
Silver prices fall on weaker gold, industrial metals; US dollar recovers
Kotak Securities said silver may witness choppy trade unless gold gains direction hence we recommend waiting for corrective dips unless there are fresh triggers.
BUSINESS
Copper price jumps as investors lap inventory at lower level, dollar slips
The non-ferrous metal has been trading higher than 50, 100 and 200 days' moving averages but lower than the 5 and 20 days’ moving average on the daily chart.
BUSINESS
Gold prices decline for 3rd consecutive day to Rs 48,578/10 gm, down 0.16% in the week; Silver slumps
Gold's sharp up move in last few weeks has made it vulnerable to profit taking which may extend further if US dollar strengthens further, said Rao.
BUSINESS
Silver price eases as US Dollar rebound, expert advises sell for target of Rs 69,000
LBMA Silver is trading below 21-Daily Moving Average which is placed at $27.70 levels indicating for sideways to marginal downside momentum up to $27.14-$26.77 levels.
BUSINESS
Natural gas futures up nearly 1% at Rs 224.40/mmBtu on firm global cues
Natural gas has continued to hold above $3/mmBtu level and with general optimism about a pickup in cooling demand, prices may remain supported, said Kotak Securities.
BUSINESS
Copper price tumbles on weak demand prospect, firm dollar; gives negative breakout
MCX Copper has given a negative breakout from the rising trend line channel, price is expected to trade negatively, said Axis Securities.
BUSINESS
Gold prices fall for second day to Rs 49,002/10 gm on stronger rupee, ETF outflow; silver slips
Technically, International Gold is trading with bearish momentum near $1,900 levels and may continue to decline and test the support of $1,892-$1,885 levels.
BUSINESS
Crude oil prices snap five-day winning streak, demand outlook remains robust
Market players will take further cues from US EIA weekly inventory data due later in the day.
