Though FIIs influence short term sentiment in Indian rupee but their role is limited to short term movements. The larger trend of the rupee traces to crude oil price. With the recent rise in crude prices we have seen rupee depreciating to 80 levels and the stability and a slight appreciation after that was triggered by the correction in crude price.
While considering the next point, the overall trend in crude oil remains upwards, but we do foresee prices witnessing an intermittent correction towards $70 a barrel during the year owing to a host of factors.
Until investors get a sense of how the interest rate hike cycle and geopolitical uncertainties will impact the market and overall economic numbers, gold is unlikely to breach Rs 55,000/10 gm in the rest of 2022.
The conflict between Ukraine and Russia pushed Brent oil to $139.13 per barrel in March, but it is still consolidating above the critical $100 per barrel threshold. In these uncertain times, India's import bill will rise, since the country is the world's third-largest oil user and importer, with imports accounting for 85.5 percent of domestic consumption.
Zinc surged 3% overnight to $4450/tonne. Earlier, it hit all time high in March with prices reaching $4896/tonne. Watch Karunya Rao discuss the impact of zinc prices on stocks with Manisha Gupta.
Purohit of CapitalVia Global Research says Gold is regarded as an investment all around the world due to its long history and high value. It aids in the creation of wealth and helps to control and mitigate financial market risks and growing inflation.
Suvankar Sen of Senco Gold and Diamonds is hopeful of strong festive sales this year. He expects Diwali sales to be 15 percent higher than the pre-Covid level.
Malabar Gold & Diamonds chairman MP Ahammed on the trends in gold demand, the festive season, what customers should know and more.
Boal said the energy transition will be complex and will depend heavily on technology, government support, access to capital, strength and breadth of global commitment, and if possible reverse, the impacts of climate change.
The company recently listed its international investment arm on the Nasdaq Dubai Private Market ahead of an IPO planned for 2024
Commodities have been in a bear market since the global financial crisis in 2008. They are still to recover, said Sharma.
Patel believes silver prices will outperform gold in the long term with strong economic recovery post pandemic. The gold/silver ratio may see some recovery from current levels towards 75 while long term range is expected to remain at 60-80.
We caught up with Hindalco Industries managing director Satish Pai following a stellar showing by the company in Q4FY21. Pai Q1 demand was slow in India but recovery is expected June-July on. Coal prices are likely to impact profitability, though aluminium is expected to see an uptrend for two years, says Pai.
According to Abhishek Bansal of Abans Group, Indian Gold prices are likely to form a short term base near Rs 43,000-44,500 per 10 gram.
Origo Co-Founder and Director Sunoor Kaul believes the agri space is likely to become more democratised, considering people of all denominations and financial standing will be availing credit, direct access to commodity supplies and sales, top-class warehousing solutions, etc.
Every dip Is a buying opportunity and gold must be included in the investment portfolio in a manner that enables you to achieve your long-term financial goals.
Although gold prices will remain volatile in the short term, in two years' time it will witness an upward trend, predicts the jewelry veteran
The pace of global economic recovery, the trend in the Indian rupee, US bond yields, coronavirus infections and vaccine rollout will have a major impact on commodity prices in FY22, says Sachdeva
Kalyan Jewellers says customers prefer its standalone showrooms over small shops because of better safety protocols during the pandemic and the quality of its products. The company's executive director Ramesh Kalyanaraman says its 14 new stores being launched will break even from day-1 as major costs like advertising are borne by existing stores.
Our helpdesk and toll-free helpdesks were made operational within three days after the lockdown was declared. Being an e-commerce service provider, our customer-facing processes are 100% digital and already available on the Internet.
The US spending on infrastructure and electric vehicle (EV) revolution to support overall base metal prices in FY22 specially the copper and nickel prices.
After the rally, crude can take a breather in the short term but positives are likely to outweigh the negatives in the medium term and continue to lend support, says Damani.
India did take the opportunity to fill up the remaining tanks of its Strategic Petroleum Reserves (SPR) when oil prices plunged back in early 2020, so it has benefited from lower oil prices, Lim noted.
As more and more women are getting economically empowered and have ample surplus funds, they are gradually turning to these markets, especially because of the ease and convenience of investing or trading through the online mode.
Keith Tan said the customs duty exemption announced in Budget 2021 could give India’s national scrap policy a boost by exposing buyers to greater volumes and varieties of scrap from various origins, which would compete with and spur the domestic scrap collection and processing industry.