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
As the market anticipated a possible U.S. recession in 2023, crude oil futures dropped below $80 a barrel on Wednesday morning. On the Multi Commodity Exchange (MCX), December crude oil futures were trading at $6,177 in the first hour of trading on Wednesday morning, up from the previous close of $6,153 by 0.39 percent, and…
On forecasts of a mild rate hike by the U.S. Federal Reserve on December 13–14, gold prices have begun to nudge up to a 4-month high. The Fed has raised interest rates by 3.75 percentage points so far this year, with each of the last four rate increases totaling 0.75 percentage points. On the basis…
Gold prices edged up on December 5 in the international markets and hovered near the key $ 1,800 level, as a softer U.S. dollar made the greenback-priced bullion cheaper for buyers holding other currencies. spot gold increased 0.1 percent to $1,800.02 per ounce. In the previous session, prices rose to $1,804.46—their highest level since August 10. At…
With the price of Russian oil capping and the currency weakening, crude oil prices rose last week. In addition, for the week ending November 25 in the United States, the commodity energy was drawn from stocks at a higher rate than anticipated. In contrast to the predicted loss of just under 3 million barrels, the…
The commodities transaction tax (CTT) has been asked to be totally eliminated or reduced in the upcoming budget, according to the Commodity Participants Association of India (CPAI). The CPAI has additionally asked the Finance Minister to put this recommendation into effect for at least two years. The sector (the commodities derivatives market), which has zero…
Early Asian trade on Thursday saw a sharp increase in oil prices, driven by signals of tighter supply and hope for a resurgence in Chinese demand. Brent oil prices were up 5 cents, or 0.06%, to $87.02 per barrel, while U.S. West Texas Intermediate crude futures were up 16 cents, or 0.2%, to $80.71. A…
When cultivating pulses in the kharif season, N Venkatappa, a farmer in Vathugundla village in Telangana’s Narayanpet district, typically grows groundnut as the second crop. But he wanted to give cotton a try this time. “I have ensured irrigation and a borewell. My choice has generated a great deal of curiosity from my fellow farmers,”…
The G7 price cap and EU penalties are drawing nearer, but S&P Global Commodity Insights reported on Tuesday that there are rising indications that the curb poses a “minimal threat” to Russian oil revenues because refiners in China, India, and Turkey are anticipated to take in more of the oil. S&P Global Commodity Insights reported…
A weaker US dollar and anticipation of U.S Federal Reserve Chair Jerome Powell’s speech later this week, which may provide hints on the direction of monetary policy, sent gold prices to a more than one-week high on Monday. spot Gold was flat at $1,755.38 per ounce, having earlier in the session reached its highest level…
Indian refiners imported $720 million, or around 5,800 crores, worth of crude oil from Russia in the first two weeks of November, despite the G7 countries’ plans to control the price of Russian crude oil being unknown. From November 1 to November 15, the inbound shipment from Russia was the fourth-highest in the previous nine…
