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
Following Russia’s invasion of Ukraine, Brent crude has surpassed $90 on the downside for the first time in eight months. Brent was trading at roughly $90 in February when Russia invaded Ukraine, and then prices soared as hostilities grew more intense. Since OPEC+ wants to maintain prices high and recession fears are rising, the cartel…
Copper futures increased by almost 4% on Thursday. With the gains, copper is now on track to post a weekly rise of more than 4%. The mine’s 44-day strike in 2017 caused a serious shortage of copper, which in turn drove up prices. On Friday, copper futures were unchanged. Copper prices were poised for a…
The government announced on Wednesday that it would aim to produce 328 million tonnes (mt) of food grains during the crop year 2022–2023 (July–June), which is 4% more than the previous year’s record output of 315.7 mt. In the crop year 2022–2023, rabi crops like wheat, mustard, and chana (gram) would contribute 164.8 mt to…
On Thursday, gold prices held steady at over $1,700 as a break in the recent dollar gain reduced some of the pressure on bullion prices and as attention shifted to an impending meeting of the European Central Bank for additional indications. After rising by about 1% on Wednesday, spot gold remained practically flat at $1,717.40.Gold…
The U.S. energy authority predicted slightly stronger demand and tighter supply for oil moving into 2023, which led to an increase in price on Thursday. The global benchmark, London-traded Brent oil futures, increased 1.1% to $88.47 per barrel, while U.S. West Texas Intermediate crude oil futures increased by 0.8% to $82.59 per barrel. Through the…
Following economic statistics that increased anticipation the Federal Reserve will maintain its aggressive rate-hike path, gold prices decreased on Wednesday in international markets as the U.S. dollar and Treasury yields surged. Spot gold was down 0.3% at $1,696.30 per ounce. Higher benchmark Treasury yields are supported by better U.S. economic statistics, which increases demand for…
According to estimates, domestic primary steelmakers’ operating margin will decrease to 14–16% in the first half of the current fiscal year from a decadal high of around 30% for the entire previous fiscal year. According to Crisil Ratings, this decline is the result of increased input prices, reduced realizations, and the introduction of an export…
Commodity fees traded decrease with the maximum of the commodities withinside the non-agro phase witnessing a decline at some point of the week with crude oil and metals falling the maximum accompanied with the aid of using bullion fees. Gold fees traded decreased with spot gold fees at COMEX falling with the aid of using 1.49% to $1712 in step with an ounce for the week. Gold October futures at MCX fell with the aid of using 1.70% to Rs 50368 in step with 10 grams at…
The likelihood that OPEC+ will vote to cut output caused oil to rise, and Europe’s energy situation got worse as the Group of Seven nations backed a proposal to attempt and limit the price of Russian crude. After falling by about 7% the previous week because of worries that demand would be harmed by slowing…
To control the spike in future prices, the central government has extended concessional duties on edible oil imports by six months to March 31, 2023. At present, crude palm, soybean, and sunflower oils imports attract only the 5% agri infra cess and a 10% education cess upon it, meaning a total tax incidence of 5.5%. Basic…
