Author: MCX India

Nickel futures slide on tepid demand

Nickel prices fell 0.74 per cent to Rs 1,308 per kg in futures trade on Tuesday after participants offloaded their positions amid weak demand in spot market. On the Multi Commodity Exchange, nickel contracts for January delivery traded lower by Rs 9.80, or 0.74 per cent, at Rs 1,308 per kg with a business turnover […]

Gold gains Rs 198; silver jumps by Rs 1,008

Gold gained Rs 198 to Rs 48,480 per 10 gram in the national capital on Tuesday following a rally in international precious metal prices, according to HDFC Securities. In the previous trade, it had closed at Rs 48,282 per 10 gram. Silver also marched higher by Rs 1,008 to Rs 65,340 per kilogram from Rs […]

Crude oil futures rise on spot demand

Crude oil prices rose by Rs 27 to Rs 3,840 per barrel on Tuesday as participants widened their positions on firm spot demand. On the Multi Commodity Exchange, crude oil for January delivery traded higher by Rs 27, or 0.71 per cent, at Rs 3,840 per barrel in 1,409 lots. Analysts said raising of bets […]

Commodity strategies: Gold, silver, crude, base metals

By Tapan PatelCommodity prices traded positive on Monday with bullion and base metals prices traded positive in absence of US markets supported by soft dollar index. The dollar index ended marginally down for the day, providing support to the commodity prices. Here is a look at how different commodities are behaving in today‚Äôs market. Outlook: […]

Gold rate today slip as vaccine deployment drags price

NEW DELHI: Gold futures prices in the domestic market continued its downward journey in the morning trade for another day on Tuesday bucking the trend in the international market, but the losses were limited as India sped up vaccine deployment. However, silver futures edged higher riding on a wave of news including upcoming stimulus packages […]

Cottonseed oil cake futures fall on soft demand

Cottonseed oil cake prices on Monday declined by Rs 5 to Rs 2,005 per quintal in futures trade as participants reduced their bets tracking a weak trend in spot market. Analysts said sell-off by participants at existing levels amid subdued trend in market mainly weighed on cottonseed oil cake prices. On the National Commodity and […]

Soybean futures slip on muted demand

Soybean prices on Monday fell by Re 1 to Rs 4,749 per quintal in futures market as participants cut down their positions on weak spot demand. On the National Commodity and Derivatives Exchange, soybean contracts for January delivery declined by Re 1, or 0.02 per cent, to Rs 4,749 per quintal with an open interest […]

Gold recovers as US stimulus hopes buoy appeal

Gold inched away from a 1-1/2-month low touched earlier on Monday as expectations of additional fiscal stimulus in the United States buoyed bullion’s appeal as an inflation hedge. Spot gold was up 0.3% at $ 1,832.36 per ounce by 9:54 a.m. EST (1454 GMT), after falling to $ 1,809.90, its lowest since Dec. 2. U.S. […]