Commodity market

Silver prices fall below Rs 69,500 / kg on weak economic data, the volatile dollar

Silver prices fell below Rs 69,500 per kg on 16 July following weak economic data from China and a decline in gold trends. Precious metal gained 0.50 percent yesterday in COMEX. The white metal came from previous gains and became red to trade during the lower part of the day after the start of the …

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Copper prices for lifetime reached Rs 754.20 per kg on green infrastructure push

During intraday on MCX, on April 26, copper prices rose to Rs 753.50 per kg after touching a new lifetime of Rs 754.20. In the evening session, the base metal opened after extended gains to trade at the day’s high. The non-ferrous metal has exceeded the moving averages of 5, 20, 50, 100 and 200 …

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Copper price hits the all-time highs in growing demand, makes a cup and holds a chart pattern

The copper price has been resolved to a whole new level in LME, COMEX and MCX supporting industry speculators and consumers in the wake of healthy economic data as the global economy recovers from the epidemic. The red metal finished the week with an increase of $ 31.3 or 4.14 percent in the fourth straight …

Copper price hits the all-time highs in growing demand, makes a cup and holds a chart pattern Read More »

Gold demand raised due to Akshaya Tritiya : Navneet Damani of Motilal Oswal

Gold and other commodities were able to ride the reflation trade very high last week, resulting in prices trading well above $ 1800 per troy ounce per 10 week high. Our frequent crunch in the market seems to be revisiting an unprecedented week in terms of market news and major results, ahead of the April …

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Crude palm oil slips after hitting new lifetime high on profit booking

Crude palm oil futures reached Rs 1,210.90 per 10 kg on April 23 after touching a new lifetime high of Rs 1,231 during intraday on MCX. Malaysian palm oil futures slipped 1.54 percent to 3,929 ringgits on Bursa Malaysia Bhd. Crude palm oil traded in negative territory after a lapse in the evening session.Agri commodities …

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Copper prices decreases in profit booking, tightening debt in China

Copper prices were under less pressure due to bookings on profits as commodities became an asset and currencies with the US dollar while market players challenged the central bank position and emerging signs of inflation. The base metal was sold in the wrong place after the onset of red on the conquered landmarks.Brass delivery in …

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Gold came after a short consolidation, rising 2.19% this week; bullish support momentum: Experts

Gold prices rose 2.19 per cent during the week to pay Rs 47,760 per 10 grams for safe purchases between growing coronavirus cases and details of weak US operations, but the set side was bound by a strong rupee. The weakness of the dollar and the declining yield helped revive some bullion purchases after last …

Gold came after a short consolidation, rising 2.19% this week; bullish support momentum: Experts Read More »

Prices for gold hover around Rs 47,000 per 10 gm in a global silent trend; silver drops by Rs 70 a kg

Prices for gold fell on the fourth straight day by Rs 42 to Rs 47,017 per 10 grams in the Mumbai grocery market in silenced global trends. Investors were cautious ahead of US August Inflation data to be released later in the day that could give clues to the Federal Reserve’s decision to lower its …

Prices for gold hover around Rs 47,000 per 10 gm in a global silent trend; silver drops by Rs 70 a kg Read More »

Crude palm oil futures fell 0.72% to Rs 1,198 per 10 kg in evening trade

Crude palm oil futures fell to Rs 1,198 per 10 kg on 26 April as participants trimmed open interest figures according to their interest. Malaysian palm oil futures dropped 0.84 percent to 3,894 ringgits on Bursa Malaysia Bhad. Crude palm oil traded in negative territory after a lapse in the evening session.Agri commodities have been …

Crude palm oil futures fell 0.72% to Rs 1,198 per 10 kg in evening trade Read More »

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