Author: MCX India

Oil nudges down but secures weekly gain on recovery hopes

NEW YORK: Oil settled modestly lower on Friday but secured a weekly gain on a stronger demand outlook and signs of economic recovery in China and the United States that offset concerns about rising COVID-19 infections in other major economies. Brent crude settled down 17 cents, or 0.3%, at $ 66.77 a barrel. The global […]

Silver futures decline amid weak demand

NEW DELHI: Silver futures on Friday dropped Rs 340 to Rs 68,200 per kg as participants reduced their bets on low demand. On the Multi Commodity Exchange, silver contracts for May delivery tumbled by Rs 340, or 0.5 per cent, to Rs 68,200 per kg in a business turnover of 9,026 lots. Silver traded lower […]

Crude oil futures inch higher amid firm demand

NEW DELHI: Crude oil prices rose by Rs 7 to Rs 4,749 per barrel on Friday as participants widened their positions on firm spot demand. On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 7, or 0.15 per cent, at Rs 4,749 per barrel in 3,266 lots. Analysts said raising […]

Gold futures slide below Rs 46,950 on low demand

NEW DELHI: Gold prices fell by Rs 240 to Rs 46,935 per 10 gram in futures trade on Friday as speculators reduced their positions amid low demand. On the Multi Commodity Exchange, gold contracts for June delivery traded lower by Rs 240, or 0.51 per cent, at Rs 46,935 per 10 gram in a business […]

Oil holds near $67, heads for weekly gain on demand hopes

LONDON: held near $ 67 a barrel on Friday and was heading for a weekly gain as a stronger demand outlook and signs of economic recovery in China and the United States offset rising COVID-19 infections in some other major economies. China’s first-quarter gross domestic product jumped 18.3% year on year, official data showed on […]

Clean crude? Oil firms use offsets to claim green barrels

In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral. While the two-million-barrel cargo to India was destined to produce more than a million tons of planet-warming carbon over its lifecycle, from well to tailpipe, the Texas-based driller […]

Gold hits 7-week peak as retreating US yields boost appeal

Gold prices rose to a seven-week high on Friday and were on track for their best week since mid-December as retreating US Treasury yields and a softer dollar bolstered the metal’s appeal. Spot gold jumped 0.9% to $ 1,779.00 per ounce by 10:26 a.m. EDT (1426 GMT), having earlier hit its highest since Feb. 25 […]

Gold and silver prices marginally gain

NEW DELHI: Gold prices rose marginally by Rs 9 to Rs 46,431 per 10 gram in the national capital on Friday, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,422 per 10 gram. Silver also gained Rs 53 to Rs 67,460 per kg from Rs 67,407 per kg […]

Soybean futures surge 3% on strong demand

NEW DELHI: Soybean prices on Friday went up by Rs 255 to Rs 7,574 per quintal in futures market as traders created fresh positions tracking positive spot demand. On the National Commodity and Derivatives Exchange, soybean for April delivery rose by Rs 255, or 3.48 per cent, to Rs 7,574 per quintal with an open […]