BUSINESS
Gold prices edged higher for 5th day near Rs 47,000/10 gm on safe-haven billing; silver jumps Rs 275 a kg
The gold/silver ratio currently stands at 74.72 to 1, which means 74.72 ounces of silver is required to buy an ounce of gold.
BUSINESS
Crude oil prices fall on weak demand outlook, rise in US rig count; Brent trades near $70/bbl
Technically, MCX Crude Oil August is below the important resistance Rs 5,100 level and could witness a Bearish momentum in the counter up to the supports Support is at Rs 4,950, said Iyer.
BUSINESS
Silver prices slip below Rs 63,000/kg on weak economic data, dollar uptick
The momentum indicator Relative Strength Index (RSI) is at 32.63, which indicates further downside in the price.
BUSINESS
Natural gas futures continue to fall after plunging nearly 7% last week; experts see further downside
The trend will remain marginally bearish in upcoming sessions if price breaks below support low of this week, we may anticipate a move towards Rs 280-270, said Purohit.
BUSINESS
Silver tanks below Rs 62,500/kg on firm US dollar; may correct up to Rs 56,200 level, says Choice Broking
The daily trend indicator MACD is trending with a negative crossover and below zero line and has just given a breakdown of its recent bottom which points out for a negative breath in the Silver
BUSINESS
Natural gas futures rise on Carribbean cyclone 'Six' and warm weather
Technically, NYMEX Natural Gas could trade in a range of $3.950-$4.220 levels.
BUSINESS
Gold prices fall for third day on ETF outflow, firm dollar; silver plunges by Rs 1,339 a kg
"The general bias for gold is on the downside amid increased debate about Fed's monetary tightening; however, the recent sell-off seems overdone and some recovery is possible," Ravindra Rao, CMT, EPAT, VP-Head Commodity Research at Kotak Securities.
BUSINESS
Silver prices hover near Rs 62,700/kg on lacklustre gold, strong dollar
"The price has tested a support low of the previous session at Rs 62,335 and if price breaks below this level, we may expect a bearish trend towards Rs 61,500," said Kshitij Purohit, Product Manager, Currency & Commodities, CapitalVia Global Research Limited.
BUSINESS
Natural gas futures moderately up on warmer weather; support lies at Rs 294 at MCX
Technically, NYMEX Natural Gas could trade in a range of $3.900-$4.100 levels.
BUSINESS
Gold prices tank by Rs 1,122 to Rs 46,525/10 gm amid global sell-off; silver crashes Rs 2,541 a kg
The broader range on COMEX could be between $1720- 1775 and on the domestic front, prices could hover in the range of Rs 45,800- 46,335, said Damani.
BUSINESS
Silver prices fall below Rs 64,000/kg amid downward pressure in gold
Technically, if LBMA Silver trades below $24 levels we could witness the continuation of its bearish momentum up to $23.53-22.55 levels.
BUSINESS
Natural gas futures turn lower on short selling; experts remain bullish
Technically, NYMEX Natural Gas could trade in a range of $4.000-$4.250 levels, said Iyer.
BUSINESS
Gold prices tumble near Rs 46,500/10 gm on upbeat job data, firm dollar; Expert sees price dipping below Rs 46,000
Tapan Patel- Senior Analyst (Commodities), HDFC Securities expects this panic selling to continue for a day or two with support at $1,750 per ounce and Rs 45,800 per 10 gram.
BUSINESS
Gold prices drop by Rs 359 to Rs 47,64710 gm on strong rupee, weak global cues; silver plunges by Rs 869 a kg
The broader range on COMEX could be $1,790-1,830 and on the domestic front, prices could hover in the range of Rs 47,380- 47,865.
BUSINESS
Crude oil prices jump on rising Middle East tension; WTI reclaims $70/bbl-mark
The black gold has been trading higher than 5, 100 and 200 days' moving averages but lower than the 20 and 50 day’s moving averages on the daily chart.
BUSINESS
Silver prices slip below Rs 67,000/kg on dollar uptick, gold weakness
Technically, LBMA Silver holds a resistance of 21-Daily Moving Average at $25.65 below which could see a downside move up to $25.00-$24.30 levels.
BUSINESS
Natural gas futures dip in afternoon trade, support seen at Rs 304 level
The momentum indicator RSI is at 67.11, which suggests strength in the price.
BUSINESS
Gold prices sluggish at Rs 48,000/10 amid lack of clear trend; silver tumbles by Rs 645/kg
Trivedi said MCX Gold October Future may fall to Rs 47,750 per 10 gram and MCX Silver September is expected to decline to Rs 67,200 per kg.
BUSINESS
Crude oil price slips on rise in US inventory, demand worries; Brent trades above $70 a barrel
Crude oil prices are expected to trade sideways to down for the day with resistance at $70 and support at $67 per barrel.
BUSINESS
Silver prices drop marginally as gold struggles for direction
Technically, LBMA Silver holds a resistance of 21-Daily Moving Average at $25.65, below which it could see a downside move up to $25.10-$24.30 levels.
BUSINESS
Natural gas futures drop after touching highest level since December 2018, all eyes on EIA inventory report
Market players await Energy Information Administration (EIA) weekly inventory report due later in the day. Expectations are for a 21 Bcf build, according to survey provider Estimate.
BUSINESS
Gold prices flat at Rs 48,050/10 gm on firm rupee; silver up by Rs 489 a kg
The broader range on COMEX could be $1,800-1,835, and on the domestic front, prices could hover in the range of Rs 47,800- 48,240.
BUSINESS
Silver prices jump above Rs 68,000/kg on positive global trend, short covering
The spot gold/silver ratio currently stands at 70.62 to 1 indicating that silver has outperformed gold.
BUSINESS
Natural gas futures rise for third day on strong demand, face resistance at Rs 305
Market participants will take further cues from the weekly inventory report scheduled to be released tomorrow.
