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Gold futures decline by Rs 160 on low demand

NEW DELHI: Gold futures on Friday fell 0.36 per cent to Rs 44,381 per 10 grams as participants offloaded their holdings on a low spot demand. On the Multi Commodity Exchange, gold prices for April delivery slipped by Rs 160, or 0.36 per cent, to Rs 44,381 per 10 gram in a business turnover of […]

Silver futures drop by over Rs 450 on subdued demand

NEW DELHI: Silver futures on Friday dropped Rs 487 to Rs 65,434 per kg as participants reduced their bets on low demand. On the Multi Commodity Exchange, silver contracts for May delivery tumbled by Rs 487, or 0.74 per cent, to Rs 65,434 per kg in a business turnover of 12,658 lots. Silver traded lower […]

Oil surges $2 after OPEC+ extends output cuts

LONDON: Oil prices jumped more than 3% on Friday, hitting their highest levels in over a year after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand. Brent crude futures were up $ 2.23, or 3.3%, at $ 68.97 a barrel by 1441 GMT […]

Gold holds near 9-month low as yields, dollar gain further

Gold fell to its lowest in nine months on Friday after better-than-expected US employment data bolstered the and US Treasury yields, putting bullion on course for its third straight weekly decline. Spot gold was down 0.1% at $ 1,695.22 by 11:50 a.m. ET (1650 GMT), after falling to its lowest since June 8 at $ […]

Indian buyers pile in as gold prices dip to one-year low

Retail consumers in India continued to buy up physical gold this week as prices retreated to a near one-year low, while lower rates also injected fresh activity in other hubs, especially Singapore. Dealers charged up to $ 5 an ounce over official domestic prices, inclusive of 12.5% import and 3% sales levies, compared with last […]

Crude oil futures rise on spot demand

NEW DELHI: Crude oil prices rose by Rs 28 to Rs 4,735 per barrel on Friday as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for March delivery traded higher by Rs 28, or 0.59 per cent, at Rs 4,735 per barrel in 6,075 lots. Analysts said […]

Copper futures rise on fresh bets

NEW DELHI: Copper prices on Friday rose by 0.62 per cent to Rs 677 per kg in futures trade on a pick-up in spot demand. On the Multi Commodity Exchange, copper contracts for March delivery traded higher by Rs 4.15, or 0.62 per cent, to Rs 677 per kg in a business turnover of 3,611 […]

Gold hits 9-month low as Fed remarks boost dollar, bond yields

Gold slumped to a near nine-month low on Friday and headed for a third straight weekly decline after Federal Reserve Chair Jerome Powell disappointed investors with his view on rising yields that pushed up the dollar and bond yields. FUNDAMENTALSSpot gold eased 0.2% to $ 1,693.79 per ounce by 0055 GMT, having earlier dropped to […]