BUSINESS
Crude oil eases on rising COVID-19 cases; Axis Securities recommend buy for a target of Rs 5,600
The momentum indicator Relative Strength Index (RSI) is at 51.12, which suggests a sideways movement in the prices.
BUSINESS
Silver prices jump above Rs 67,500/kg tracking firm gold and dollar downtick; speculators trim net long position
The spot gold/silver ratio currently stands at 71.20 to 1 indicating that silver has outperformed gold.
BUSINESS
Natural gas extend gains after rising 10.38% last week; expert says use dip as buying opportunity
The commodity has been trading higher than 5, 20, 50, 100 and 200 days simple moving averages and exponential moving averages on the daily chart.
BUSINESS
Gold prices fall below Rs 48,000/10 gm on firm rupee, improved risk sentiment; silver slides by Rs 214
Gold continues to hold near $1800/oz and buying interest may emerge at lower levels amid persisting challenges to the global economy.
BUSINESS
Crude oil price rises for third successive day on improved risk sentiment
The black gold has been trading higher than 5, 50, 100 and 200 days' moving averages but lower than the 20-day moving averages on the daily chart.
BUSINESS
Silver prices decline on lower industrial demand; further weakness likely
Technically, LBMA Silver is below the 21-Daily Moving Average near the $26.00 level which could pull prices to $25.00-$24.70 levels.
BUSINESS
Natural gas futures decline ahead of inventory report, trade above major averages
The momentum indicator RSI is at 72.65, which suggests bullish movement in the price.
BUSINESS
Gold prices up Rs 96 to Rs 48,222/10 gm on safe-haven, risk aversion; Silver corrects Rs 810 a kg
Gold has managed to hold above $1800/oz level and may benefit from safe-haven buying however any major upside will be challenged by a stronger US dollar.
BUSINESS
Crude oil prices decline on subdued global cues; market to turn surplus in Q1 2022, says S&P Global Platts
The prices have tumbled by Rs 717 or 12.59 percent from the high of Rs 5,695/barrel it reached on July 5.
BUSINESS
Silver prices touch September series low of Rs 66,930/kg; Spot gold/silver ratio at six month-high
In the futures market, silver for September delivery touched an intraday high of Rs 67,499 and a low of Rs 66,930 per kg on the MCX.
BUSINESS
Natural gas futures marginally dip after a sharp rise yesterday; trading above major averages
The commodity has been trading higher than 5, 20, 50, 100 and 200 days simple moving averages and exponential moving averages on the daily chart.
BUSINESS
Gold prices decline to Rs 48,126/10 gm on stronger dollar, ETF outflow; silver tanks Rs 1,122 a kg
Gold may remain choppy however volatility in financial markets may keep prices supported.
BUSINESS
Crude oil price tumbles 2.51% on slower demand recovery, OPEC+ deal; corrects 8.31% from recent high
Crude may remain choppy as market players assess OPEC+ decision and amid positioning for the expiration of the August contract.
BUSINESS
Silver prices slump below Rs 68,000/kg as dollar index crosses 93 mark
The semi-precious metal has been trading lower than 5, 20, 50 and 100 days’ moving averages but higher than the 200-days’ moving averages on the daily chart.
BUSINESS
Natural gas futures rise 1% to Rs 277/mmBtu, experts see further upside
If the price breaks above the resistance of Rs 280, we may anticipate more bull run towards Rs 285 by evening session, said Kshitij Purohit, Product Manager, Currency & Commodities at CapitalVia Global Research Limited.
BUSINESS
Gold prices drop to Rs 48,273 per 10 gram, gain 0.86% in the week; silver slips
The bullion metal dropped as market participants discounted the US Federal Reserve monetary stance and will keep an eye on the US Retail Sales data to be released later in the day.
BUSINESS
Crude oil price fall on concerns of rising Delta variant cases, excess supply
The momentum indicator Relative Strength Index (RSI) is at 49.41, which indicates sideways movement in the prices.
BUSINESS
Silver prices slide below Rs 69,500/kg on weak economic data, volatile dollar
The spot gold/silver ratio currently stands at 69.66 to 1 indicating that gold has outperformed silver.
BUSINESS
Natural gas futures fall on higher inventory buildup
The commodity has been trading higher than 20, 50, 100 and 200-day moving averages but lower than the 5-day moving averages on the daily chart.
BUSINESS
Crude oil prices decline 1.5% on demand concerns; WTI falls below $72 a barrel
Crude oil prices have fallen back from the recent highs gaining support from mixed inventory reports and OPEC uncertainty.
BUSINESS
Gold prices rise for third day in a row to Rs 48,424/10 gm; silver up by Rs 113 a kg
The gold/silver ratio currently stands at 69.94 to 1, which means 69.94 ounces of silver is required to buy an ounce of gold.
BUSINESS
Silver prices hover near Rs 70,000 per kg on firm gold, industrial metals
Technically, LBMA Silver above the $26.40 level will continue its bullish momentum and could see $26.65-$27.20 levels.
BUSINESS
Natural gas futures jump ahead of inventory report, faces resistance at Rs 275 level
The general bias; however, may be on the upside amid tightening in US gas stocks.
BUSINESS
Gold prices rise above Rs 48,000/10 gm on safe-haven appeal, weak rupee; silver up by Rs 215 a kg
Gold may remain near $1800/oz amid mixed factors; however firmness in US dollar may continue to weigh.
