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March 04, 2021 07:11 PM IST The vaccine rollouts have boosted risk-on sentiments, lowering safe haven demand for precious metals, says Tapan Patel, Senior Analyst (Commodities), HDFC Securities.
March 04, 2021 06:00 PM IST Speaking at the CERAWeek conference by IHS Markit, Oil Minister Dharmendra Pradhan said India, where fuel demand is recovering to pre-pandemic levels, wants reasonable and responsible oil prices.
March 04, 2021 04:26 PM IST 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.
March 04, 2021 03:47 PM IST 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.
March 04, 2021 03:09 PM IST 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.
March 04, 2021 09:48 AM IST Investors should watch out for the applicability of increased royalty on mining and their pass-through by NMDC
March 04, 2021 09:46 AM IST On MCX, gold has support at Rs 44,700-44,500 and resistance at Rs 45,155-45,380. Silver's support is at Rs 67,300-66,600 and resistance at Rs 68,800-69,500 levels.
March 04, 2021 09:28 AM IST According to Geojit, The food ministry has declined Food Corp of India's proposal for another reduction in the base price at which it sells rice in the open market, senior government officials said.
March 03, 2021 06:26 PM IST 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.
March 03, 2021 04:43 PM IST 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.
March 03, 2021 03:42 PM IST Silver holdings in iShares ETF decreased by 117.4 tonnes to 18,834.13 tonnes, the lowest since January 29.
March 03, 2021 03:36 PM IST The near-term outlook is leaning more bearish with warmer than normal weather on the horizon.
March 03, 2021 09:48 AM IST At MCX, Gold has support at Rs 45330-45100 and resistance is placed at Rs 45770-45920. Silver has support at Rs 68800-68300 and resistance at Rs 69500-70200 levels, suggest experts.
March 03, 2021 09:38 AM IST SAIL remains optimistic about steel demand on the back of higher infrastructure spending and strong rural growth. All eyes are on strategic divestment
March 02, 2021 08:38 PM IST OPEC other key exporters such as Russia, a grouping dubbed OPEC+, meet on Thursday and are expected to discuss allowing as much as 1.5 million barrels per day (bpd) back into the market to address demand likely to be unlocked later in the year as vaccine programmes gather pace.
March 02, 2021 07:25 PM IST 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.
March 02, 2021 07:01 PM IST 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.
March 02, 2021 03:59 PM IST Crude oil erased earlier losses to trade in positive territory in the afternoon session after a gap-down open.
March 02, 2021 03:38 PM IST The semi-precious metal has been trading higher than 100 and 200 day- moving averages but lower than 50, 20 and 5 day-moving averages on the daily chart for the May contract. The Relative Strength Index (RSI) is at 47.86 which indicates positive momentum in prices.
March 02, 2021 03:03 PM IST MCX March Natural Gas holds resistance near Rs 206-209 levels and supports near Rs 200-198 levels, said Iyer.
March 02, 2021 01:35 PM IST The market still faces lingering near-term risks to global reopening efforts. All eyes are now on the upcoming OPEC+ meeting
March 02, 2021 10:45 AM IST According to Geojit, Malaysia's palm oil exports in February are estimated to have fallen 8.2% on month to 1.0 mln tn, according to cargo surveyor AmSpec Agri Malaysia.
March 02, 2021 10:22 AM IST Gold has support at Rs 45,100-44,880 and resistance at Rs 45,550-45,770; support for silver prices is at Rs 68,300-67,700 and resistance at Rs 69,200-69,900 levels, suggest experts.
March 01, 2021 07:12 PM IST Top exporter Saudi Arabia pledged an additional 1 million bpd output cut for February and March to ensure inventories do not build up.
March 01, 2021 06:49 PM IST 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.
