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Gold dives below $1,800 on optimism for economic recovery

Gold slumped 2%, breaking below the key $ 1,800 support level to a near five-month trough on Friday, as growing optimism about a quick vaccine-fuelled economic recovery and a smooth White House transition powered share market to fresh records. Spot gold slid 1.4% to $ 1,785.11 per ounce by 11:43 a.m EDT (1643 GMT), earlier […]

Crude oil futures decline on low demand

Crude oil futures fell marginally to Rs 3,321 per barrel on Friday, as participants cut their positions on low demand. On the Multi Commodity Exchange, crude oil for the December delivery eased by Rs 3, or 0.09 per cent, to Rs 3,321 per barrel with a business volume of 3148 lots. Globally, West Texas Intermediate […]

Nickel futures rise on firm spot demand

Nickel prices rose 0.75 per cent to Rs 1,230.90 per kg in the futures trade on Friday, as speculators built fresh positions on rising demand from alloy makers in the spot market. On the Multi Commodity Exchange, nickel contracts for the December delivery gained Rs 9.20, or 0.75 per cent, to Rs 1,230.90 per kg […]

Gold, silver marginally down

Gold was marginally down by Rs 43 to Rs 48,142 per 10 gram on Friday in the national capital, according to HDFC Securities.In the previous trade, the precious metal had closed at Rs 48,185 per 10 gram. Silver also declined Rs 36 to Rs 59,250 per kg, from Rs 59,286 per kg in the previous […]

Gold futures gain on spot demand

Gold prices rose Rs 100 to Rs 48,617 per 10 gram in the futures trade on Friday as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for the December delivery traded higher by Rs 100, or 0.21 per cent, at Rs 48,617 per 10 gram in a […]

Gold jewellery demand to decline 35% in FY21: Icra

Gold jewellery demand is expected to contract by 35 per cent in volume terms this fiscal, hit by the coronavirus pandemic and high prices, according to a report. The demand is likely to see a rebound in the second half of this financial year after a poor performance in the first two quarters, ratings agency […]