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An OECD report on the industry outlook points to further capacity additions in the next three years that can exacerbate the surplus situation
Hindustan Zinc share price: In the domestic markets, the price of silver jumped Rs 3,000 per kg in just one day to stand at around Rs 1.07 lakh per kg.
India also saw outflows of $71 million, or 0.6 tonne, in May. The country had seen outflows in April as well
In the last fortnight, gold prices have gained nearly 6.5 percent on Comex – the platform for precious metal F&O trades - while silver has seen a rally of more than 10 percent.
Hindustan Zinc share price: The company is the largest producer of silver in India, and produces refined silver with a minimum 99.9 percent purity.
Gold rate today: Yellow metal's August contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 98,456 per 10 gram today.
Gold rate today: Yellow metal's August contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 98,012 per 10 gram today.
Brent crude futures dipped 5 cents, or 0.1%, to $65.58 a barrel by 0040 GMT while U.S. West Texas Intermediate crude was at $63.32 a barrel, down 9 cents, or 0.1%.
Gold rates today: Yellow metal's August contracts on MCX opened at Rs 97,811 per 10 gram today.
Brent crude futures gained 55 cents, or 0.85%, to $65.18 a barrel by 0000 GMT. U.S. West Texas Intermediate crude was up 59 cents, or 0.94%, to $63.11 a barrel, after rising around 1% earlier in the session.
The rising tariff jitters and geopolitical tensions have hiked investors' concerns about markets. Gold, which offers a safe haven opportunity to investors as it mostly dodges the market fluctuations, seemingly benefitted from the concerns.
Gold rate today: Gold's August contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 96,131 per 10 gram today.
While a 25 percent tariff on these key industrial metals was bad enough, a doubling to 50 percent is a punitive measure to discourage imports and revive lethargic domestic output
Oil traders said the decision for a 411,000-bpd output hike has already been priced into Brent and WTI futures, which slipped more than 1% last week.
Commodity markets now turn to the upcoming US labour report for policy signals, following early signs of a rebound in Q2 with modest gains in consumer spending and subdued April inflation. The ECB policy meeting, where a 25 bps rate cut is widely expected, and final PMI data will also be watched.
Gold rate today: Yellow metal's June contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 94,900 per 10 gram today.
Gold rate today: Yellow metal's June contracts on MCX opened at Rs 95,287 per 10 gram today.
Spot gold was up 0.3% at $3,308.99 an ounce, as of 0237 GMT, slightly recovering from a 1% decline in the previous session.
Gold rate today: Gold's June contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 95,600 per 10 gram today.
Dispatches by Coal India slowed in FY25 and in April FY26
Gold rate today: Gold's June contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 96,001 per 10 gram on May 26.
The dollar index, meanwhile, fell to a nearly one-month low against its rivals. A weaker dollar makes greenback-priced gold less expensive for other currency holders. [USD/]
Gold price may continue its positive trend in the coming week, but may encounter initial resistance at Rs 97,600, which bulls may break and sustain above, allowing prices to approach all-time highs. On the other side, initial support is at Rs 94,000, followed by Rs 92,800.
The record numbers indicate renewed confidence in the coal sector as the Indian government seeks to ensure energy security for the country through thermal power till the time firm renewable energy becomes affordable.
According to Geojit Financial Services, The sowing of summer crops in Maharashtra reached 510,539 hectares as of Monday, up 20% on year from 424,345 hectares sown in the same period last year, according to a report released by the state agriculture department.
