BUSINESS
Gold prices rise by Rs 125 to Rs 44,644/10 as dollar weakens; Silver climbs Rs 814 a kg
The gold/silver ratio currently stands at 67.34 to 1, which means the number of silver ounces required to buy one ounce of gold.
BUSINESS
Cotton futures marginally down at around Rs 22,200 per bale on weak global cues
In the futures market, cotton for March delivery touched an intraday high of Rs 22,260 and an intraday low of Rs 22,150 per bale on the MCX.
BUSINESS
Crude oil futures pare gains on demand concerns and higher prices
According to the US CFTC report, speculators for NYMEX crude futures raised net long position by 1.4 percent after cutting it by 0.6 percent a week ago.
BUSINESS
Silver futures up 1.26% to Rs 66,680 per kg on weaker dollar
The semi-precious metal has been trading higher than 5, 100 and 200 days’ moving averages but lower than 50 and 20 days’ moving averages on the daily chart.
BUSINESS
Natural gas futures fall marginally to Rs 194.40 per mmBtu on muted trend
The gas prices have been weighed down by recovery in US gas production after the slump caused by cold weather and forecast of mild weather limiting heating demand.
BUSINESS
Gold rate flat at Rs 44,519/10 gram as consumers hold back in hopes of lower prices; silver gains Rs 345 a kg
Gold holdings in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell by 9.04 tonnes to 1,069.26 tonnes.
BUSINESS
Nickel futures continue to fall, slips 0.35% to Rs 1,188 per kg after plunging 13.3% last week
The commodity has been trading higher than 200-day moving averages but lower than 5, 20, 50, and 100 days’ moving averages on a daily chart.
BUSINESS
Silver futures rise 0.37% to Rs 65,849 per kg
On the daily chart, MCX Silver May future has formed 'Bullish Maruboza' Candlestick pattern. said Choice Broking.
BUSINESS
Natural gas futures soar nearly 1% to Rs 199.10 per mmBtu on positive global cues
In the futures market, natural gas for March delivery touched an intraday high of Rs 200 and an intraday low of Rs 197.20 per mmBtu on MCX.
BUSINESS
Gold rate edges lower for fifth day to touch Rs 44,516 per 10 gm on rising yields, firm dollar
The gold/silver ratio currently stands at 68.35 to 1, which means the number of silver ounces required to buy one ounce of gold.
BUSINESS
Gold enters bear market territory, experts see prices falling to Rs 41,500 - Rs 42,000 levels
Like most asset classes, gold is being affected by the unprecedented economic and financial market conditions in play around the globe, says WGC's Somasundaram.
BUSINESS
MCX Silver falls 0.69% to Rs 65,464 per kg as dollar index nears 92-mark
The semi-precious metal has been trading higher than 200-day moving averages but lower than 100, 50, 20 and 5 days’ moving averages on the daily chart. The Relative Strength Index (RSI) is at 39.12, which indicates weakness in prices.
BUSINESS
Natural gas futures slip 0.75% to Rs 199.20 per mmBtu on lower inventory drawdown
Natural gas prices were weighed down by improving US gas production and prediction of mild weather in the US that will reduce heating demand.
BUSINESS
Gold slides for 4th day, slips to Rs 44,843/10 gm on firm dollar; silver crashes by Rs 1,793 a kg
The vaccine rollouts have boosted risk-on sentiments, lowering safe haven demand for precious metals, says Tapan Patel, Senior Analyst (Commodities), HDFC Securities.
BUSINESS
Crude oil futures drop 2.19% to Rs 4,426 per barrel on sharp rise in US inventories
In the futures market, crude oil for March delivery touched an intraday high of Rs 4,529 and an intraday low of Rs 4,424 per barrel on MCX.
BUSINESS
Silver futures slip nearly 2% to Rs 66,676 per kg on strong dollar
The semi-precious metal has been trading higher than 100 and 200 days’ moving averages but lower than 50, 20 and 5 days’ moving averages on the daily chart. The Relative Strength Index (RSI) is at 42.86 which indicates weakness in prices.
BUSINESS
Natural gas futures trade weak at Rs 205.70 per mmBtu on muted global cues
The commodity has been trading higher than 50, 100 and 200 days' moving averages but lower than 20 and 5 days’ moving average on the daily chart.
BUSINESS
Gold prices plunge to Rs 45,217/10 gm on firm rupee, down Rs 1,353 in 3 days
The broader range on COMEX could be between $1,690- $1,755 and on the domestic front, prices could hover in the range of Rs 45,050- Rs 45,670, said Damani.
BUSINESS
Crude oil futures slip nearly 1% to Rs 4,423 per barrel on rise in US crude inventory
The black gold has been trading higher than 20, 50, 100 and 200 days' moving averages but lower than the 5-day moving average on the daily chart. The Relative Strength Index (RSI) is at 60.99 which indicates positive momentum in prices.
BUSINESS
Silver futures down 0.55% to Rs 68,834 per kg on ETF outflows and weak economic data
Silver holdings in iShares ETF decreased by 117.4 tonnes to 18,834.13 tonnes, the lowest since January 29.
BUSINESS
Natural gas futures up 0.29% to Rs 209.50 per mmBtu
The near-term outlook is leaning more bearish with warmer than normal weather on the horizon.
BUSINESS
Nickel futures firm at Rs 1,360.20 per kg, outlook bullish says Choice Broking
The commodity has been trading higher than 20, 50, 100 and 200 days' moving averages but lower than 5-day moving averages on a daily chart. The Relative Strength Index (RSI) is at 53.44 which indicates positive momentum in prices.
BUSINESS
Retail gold prices down over Rs 1,000 in first 2 days of March, silver plummets by Rs 1,113 a kg
The broader range on COMEX could be between $1,695- $1,740 and on the domestic front, prices could hover in the range of Rs 44,800- Rs 45,500, said Damani.
BUSINESS
Crude oil futures rise 0.36% to Rs 4,467 per barrel, focus shifts to OPEC meet
Crude oil erased earlier losses to trade in positive territory in the afternoon session after a gap-down open.
