Oct 28, 2021 07:53 PM IST
Longer term, the phasing out of combustion engines will be worse for palladium because platinum is less dependent on the auto industry and is used in hydrogen fuel cells, said StoneX analyst Rhona O'Connell.
- Apr 30, 2021 08:08 PM IST
Demand from the auto industry is rising and expected to climb further as a semiconductor chip shortage that has curtailed production eases later this year.
- Mar 16, 2020 09:50 PM IST
Precious metals joined a wider market sell-off as the coronavirus continued to spread rapidly, with some investors obliged to sell assets to cover margin calls.
- Jan 23, 2020 08:22 PM IST
The precious metal has grown by over 27 percent YTD, due to a global shortage of supply and increased demand in China.
- Jan 22, 2020 02:38 PM IST
In fact, price of the precious metal has trebled over three years, toppling even gold off the top spot in terms of monetary value.
- Dec 17, 2019 08:16 AM IST
Gold prices were little changed on Tuesday as differing views of Chinese and US officials on the interim trade deal announced last week kept investors on the sidelines.
- Nov 01, 2019 07:39 PM IST
Moneycontrol’s Shraddha Sharma talks to Corporate Bureau Chief Prince Thomas to find out why the palladium has become more expensive than platinum.
- Nov 01, 2019 02:26 PM IST
As with other commodities that are in scarce amount, in the case of palladium too, the speculators have played a role in driving the price.
- Mar 29, 2019 08:53 AM IST
Palladium, meanwhile, was set for its worst week since November 2015, after recording its biggest one-day decline in more than two years on Thursday.
- Mar 28, 2019 12:20 PM IST
Spot palladium fell 0.5 percent to $1,436.26 per ounce at 0541 GMT.
- Mar 19, 2019 07:03 PM IST
Spot palladium was up 0.7 percent at $1,594.08 an ounce at 1231 GMT, having hit a record high of $1,606 earlier in the session.
- Mar 19, 2019 12:59 PM IST
Spot palladium was up 0.3 percent at $1,588.04 an ounce, as of 0435 GMT, after marking an all-time high of $1,592.02 earlier in the session.
- Feb 27, 2019 11:42 AM IST
Spot gold inched down 0.1 percent to $1,327.51 per ounce as of 0434 GMT, while US gold futures were up 0.1 percent at $1,329.8.
- Feb 26, 2019 11:50 AM IST
Spot palladium traded as high as $1,553 per ounce as of 0400 GMT.
- Feb 20, 2019 10:14 AM IST
Palladium is crucial in the making of catalytic converters used in exhaust systems of vehicles, and an improvement in demand from the auto sector has supported the metal's surge.
- Feb 19, 2019 06:33 PM IST
Spot palladium, which traded as high as $1,491 per ounce, was up 1.5 percent at $1,479.49 at 1102 GMT.
- Feb 19, 2019 09:57 AM IST
Spot gold was little changed at $1,326.10 per ounce as of 0048 GMT, after touching a 10-month high of $1,327.64 an ounce in the previous session.
- Feb 18, 2019 10:12 AM IST
Spot gold had gained 0.3 percent to $1,324.80 per ounce by 0324 GMT, just below a 9-month peak of $1,326.30 an ounce marked on Jan. 31.
- Oct 04, 2017 12:03 PM IST
In an interview to CNBC-TV18, Gautam Choksi, ED of Hindustan Platinum spoke about the current trend in commodities market specifically platinum and palladium.
- Feb 13, 2017 10:38 AM IST
The dollar index was up 0.16 percent to 100.960, with the greenback risng against the yen on relief that Trump set aside his tough campaign rhetoric over security and jobs in a meeting with the Japanese Prime Minister over the weekend.
- Oct 18, 2016 02:52 PM IST
Spot gold is seen at USD 1,347.40 an ounce by October next year. Gold has shed 8 percent from a two-year high in July amid expectations for a US interest rate hike by year-end. It was trading at about USD 1,262 on Tuesday.
- Nov 13, 2015 09:32 PM IST
Gold has fallen more than 5 percent since the start of November, when a stronger than expected US payrolls report fuelled expectations for a near-term rate hike.
- Oct 03, 2015 01:12 PM IST
Investors raced to cover bearish short bets and some put on new longs after US Labor Department data showed payrolls outside of farming rose by 142,000 last month, much lower than the 203,000 expected.
- Sep 25, 2015 11:17 AM IST
Gold dropped from its highest in a month on Friday as the dollar rallied on an assurance from Federal Reserve chair Janet Yellen that the US central bank would
begin raising rates this year.
- Aug 05, 2015 11:31 AM IST
Platinum fell to its lowest level since February 2009 at USD 940.50, marking a 6-and-a-half-year low while palladium hit a near three-year-low of USD 586.33 per ounce.