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
Prices of natural gas are likely to rise to record levels at the rate review scheduled this week. On October 1, 2022, The central Government-mandated price for domestic natural gas will be altered. After accounting for the recent spike in energy costs, the price paid for gas generated from old fields, such as those held…
Comex gold was trading at close to two-year lows at about $1,670 per ounce, continuing to be pressured by a strong dollar and rising Treasury yields that reflected forecasts for tighter monetary policy and weakening global growth. According to ECB board member Isabel Schnabel, increased inflationary pressures in the eurozone are likely to be more…
India expects to improve its coal power fleet by around a quarter by the end of the decade in order to meet rising demand until energy storage costs decline. The world’s third-largest emitter of greenhouse emissions would install roughly 56 gigatonnes of coal generating capacity unless the cost of storing electricity falls significantly. India is…
The price of gold and silver in India decreased today, mirroring the dip in global prices. Silver prices on the MCX fell 0.4% to 57,059 per kg, while gold futures fell 0.25% to nearly 7-month lows of Rs. 49,321. Spot gold prices fell 1% to $1,656.97 per ounce on foreign markets due to a strong…
Oil prices continued to decline on Thursday after the U.S. Federal Reserve adopted a more pessimistic stance than anticipated, heightening concerns that rising interest rates and inflation may have an adverse effect on crude demand in the months to come. Following the Fed’s anticipated 75 basis point interest rate increase on Wednesday, crude prices fell…
On Wednesday, oil prices increased somewhat due to supply worries, but gains were limited by investor concerns that another aggressive U.S. interest rate hike might trigger a recession and reduce demand for gasoline. Brent crude futures were up 11 cents, or 0.1%, to $90.73 per barrel after sliding $1.38 the day before. U.S. West Texas…
If the finance ministry approves the oil ministry’s proposal to exempt hydrocarbon blocks that were awarded to businesses via the production-sharing contract (PSC) and revenue-sharing contract (RSC) mechanisms from the windfall taxes on domestic crude, the state-run ONGC, and the private sector company Cairn are likely to gain. The oil ministry reportedly argued that the…
Gold prices continued to trade in a narrow range, on Tuesday as investors refrained from placing large wagers ahead of a U.S. Federal Reserve meeting that is anticipated to result in an increase in interest rates. Gold futures increased 0.6% to $1,687.85 per ounce , while spot gold increased 0.2% to $1,679.14 per ounce. Both…
Oil prices rise during early Asian trade on Monday as a weaker dollar and supply concerns ahead of the European Union embargo on Russian oil in December offset fears of an international recession that could reduce fuel demand. After closing up 0.5% on Friday, Brent crude futures increased $1.15, or 1.3%, to $92.50 a barrel….
A strong dollar and high U.S. Treasury yields hampered gold’s price decline to its lowest point since April 2021, as expectations of another significant Fed rate hike reduced the attraction of bullion. To $1,664.46 an ounce, spot gold decreased 1.9 %. At $1,662.30 per ounce, U.S. gold futures experienced a 2.02% decline. Silver prices were…
