Welcome to the Commodity Market tracker, we constantly support traders to analyze the rise and fall of the market for ten categories on the daily basis. We analyze and display the beginning value of the market on the morning updates and the Ending value on the evening updates. We examine the everyday trends for these categories and flash them as push notifications in our mobile applications and our success rate is above 80 percent. Play Store
OPEC cut its estimates for world oil demand this year and next. In a monthly report, the Organization of the Petroleum Exporting Countries cut estimates for global demand growth in 2024 by 135,000 barrels per day. At a review meeting earlier this month, the alliance reaffirmed that the hike could be “suspended or modified” “depending…
Gold prices were steady in Asian trade on Monday, near record highs as traders awaited further signs on US interest rates from key inflation data due later in the week. Gold futures for December settlement were steady at $2,472.20 an ounce, while spot gold rose 0.1% to $2,433.62 an ounce. Additionally, spot gold was $50…
WTI (West Texas Intermediate) crude oil futures were up 0.34 percent to $77.10 in September, while October Brent oil futures were up 0.18 percent to $79.80. In Monday’s first hour of trading, August crude oil futures were up 0.51% on the Multi Commodity Exchange (MCX) at ₹6477 compared to the previous close of ₹6444, and…
Keeping in mind farmers’ use of pesticides, a leading company is gearing up to export its First brown Sona Masoori rice from India to Europe. First brown Sona Masoori rice and MRL compliant Ponni are produced in Tamil Nadu under an AI-powered quality control system. In the next five years, the fresh rice export market…
The price of gold increased by Rs 1,100 to Rs 72,450 per 10 grammes in the nation’s capital on Friday due to rising domestic demand and signals from the international market. The price of precious metal per 10 grammes had ended at Rs 71,350 during the previous session. In addition, the cost of silver increased…
Gold rates Many people were encouraged by the strong demand for heaven and the mounting anticipation of a significant interest rate decrease by the US Federal Reserve in September. Spot gold increased by 1338 gmt, or percent, to $ 2413.19 per ounce. US gold futures were trading at $2,452.20, up 0.8%. Palladium climbed 2.6% to…
Thursday saw oil prices rise for the third consecutive day as government data revealed a sharp decline in US crude stockpiles, which helped the commodity recover from multi-month lows reached this week. While U.S. West Texas Intermediate crude gained 29 cents, or 0.4%, to $75.52, Brent crude futures increased by 23 cents, or 0.3%, to…
Gold prices edged higher on Thursday due to tensions in the Middle East and US price cuts. U.S. Gold futures were down 0.2 percent at $2,428.40, while spot gold was up 0.3 percent at $2,389.42 an ounce. Geopolitical unpredictability in the Middle East and falling US Treasury yields increase the attractiveness of gold. Analysts expect…
China imported 9.97 million barrels of oil per day last month, a 12% decrease from June’s number and a 3% decrease from July 2023’s daily import average. The fall in July comes after an 11% yearly decline in June’s reported crude oil imports, albeit from a record high planned for June 2023. Data released in…
On Wednesday, gold prices were marginally lower as the US currency strengthened and Treasury yields rose. Spot gold: was down 0.2 percent at $2,385.23 an ounce. US gold futures: fell 0.3% to $2,425.50 an ounce. Gold prices rose due to gains in the dollar by investors holding foreign currencies. Higher Treasury yields reduce the appeal…
