According to Geojit, Private weather forecaster Skymet on Tuesday projected southwest monsoon rainfall to be normal during the Jun-Sep season.
According to Geojit, Private weather forecaster Skymet on Tuesday projected southwest monsoon rainfall to be normal during the Jun-Sep season.
Gold prices held steady on April 10 after hitting near a record peak previous session, as emerging inflationary risks and ongoing geopolitical tensions underpinned the shiny metal.
Brent crude futures were flat at $89.42 per barrel at 0010 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 2 cents to $85.25.
According to Geojit, The government has procured 70.7 mln tn of paddy as of Apr 5 in the 2023-24 kharif marketing season (Oct-Sep), according to the data on the Central Food Grains Procurement Portal.
Brent crude futures rose 40 cents to $90.78 a barrel by 0032 GMT. U.S. West Texas Intermediate (WTI) crude rose 35 cents to $86.78.
According to Geojit, The Multi Commodity Exchange Clearing Corp Ltd has decided to accredit the Bhavnaben warehouse in Rajkot for storage and effecting the delivery of cotton bales with effect from Thursday.
Silver prices globally were at a 3-year high near $28 per oz. Silver prices in India are at an all-time high at near Rs 82,000 per kg.
According to Geojit, The United Nations Food and Agriculture Organization's Food Price Index was at 118.3 points in March, up 1.1% from the revised level for February, the agency said in a report.
Analysts are armed with better market data than they’ve ever had before, and yet the cumulative answer is frustratingly vague: It’s everyone all at once, and no one in particular.
Brent crude futures dropped 94 cents, or 1%, to $90.23 a barrel by 2253 GMT after hitting a session low of $90.01.
US inflation numbers would be in focus as latest jobs report displayed economic resilience and defied fears of a recession, even amid high interest rates.
Spot gold gained 1.5% to $2,324.15 per ounce, as of 2:03 p.m. EDT (1803 GMT), after hitting a record high of $2,330.06 earlier in the session.
Spot gold was down 0.5% at $2,278.50 per ounce, as of 0328 GMT, after hitting a record high of $2,305.04 on Thursday. U.S. gold futures lost 0.5% to $2,296.90.
Brent crude climbed 49 cents, or 0.5%, to $91.14 a barrel by 0108 GMT. U.S. West Texas Intermediate crude was at $86.96 a barrel, up 37 cents, or 0.4%.
Brent futures for June rose above $91 a barrel before settling up $1.30, or 1.5%, to $90.65. U.S. West Texas Intermediate (WTI) futures for May settled up $1.16, or 1.4% to $86.59 a barrel.
The safe haven allure and the ongoing run up in gold has prompted investors to crave expert opinions, even from timeless quotes on the precious metal, to fathom how much longer could the rally sustain.
Gold prices scale record highs above $2300 an oz. India Gold prices hit all time high at Rs 70248/10gms. MCX June futures lower than April futures. Gold supported from Geopolitical issues, central bank buying and short covering. Global Silver prices also at 26-month high. Catch Manisha Gupta with more details
According to Geojit, The area under summer crops in Maharashtra rose 6% on year to 334,562 ha as of Monday, according to data published by the state agriculture department.
Brent futures rose 43 cents, or 0.5%, to settle at $89.35 a barrel, and U.S. West Texas Intermediate futures gained 28 cents, or 0.3%, to $85.43 a barrel.
Gold has been on a tear since mid-February — setting a record each day so far this week — as investors wager that it stands to benefit from the impending pivot by the Fed.
Silver Prices Near All Time High At ₹78,000/kg, up 10% in one month. Silver prices hit 23 month high above $26 an oz. Silver prices takes support from record gold.1/3rd silver supply consumed by solar industry. Catch Manisha Gupta in conversation with Chirag Thakkar, Director of Amrapali Group on Commodities Corner.
According to Geojit, Malaysia has decided to maintain the export tax rate for crude palm oil at 8% for April, while raising its reference price, according to a notification by the Malaysian Royal Customs Department displayed on the Malaysian Palm Oil Board website.
Bullion rose to a fresh peak above $2,288 an ounce before trading little changed, while silver topped $26 an ounce.
Brent futures for June delivery rose 20 cents, or 0.22%, to $89.12 per barrel, while U.S. West Texas Intermediate (WTI) crude futures for May climbed 17 cents, or about 0.2%, to $85.32 a barrel, at 0015 GMT.