Cotton futures will restart on February 13 at MCX
The Multi Commodity Exchange of India will restart trading in cotton futures on Monday after a five-month suspension. To better coincide with domestic markets, the cotton futures were redesigned and…
Precious metals to remain erratic; yellow metal may encounter resistance at Rs. 56,980–57,155
As the dollar dropped on Tuesday and investors awaited US economic data in the expectation that the Federal Reserve would raise interest rates more gradually, gold prices moved up on…
Positive US jobs statistics may strengthen the currency and lessen the appeal of gold, driving up prices today, January 6th.
Despite conflicting global cues, the price of gold is trading higher on Friday, while the price of silver is up 0.5%. Gold February futures were selling at Rs. 55,383 per…
Crude oil rises on expectations of a recovery in demand
The market anticipates that the easing of Covid-related limitations in China will increase demand for the commodity, which is why crude oil futures traded higher on Monday. The price of…
Fears of a US recession cause crude oil to fall below $80 per barrel
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…
Dollar declines as gold prices climb and U.S.Fed comments turn dovish; resistance is at Rs 53000
Gold rate was positive on Thursday as a result of positive global trends, while the silver rate was up 1.16%. The price of gold December futures on the Multi Commodity…
Yellow metal could remain erratic as investors pay attention to U.S. retail sales data
Gold prices slightly declined on Monday from a three-month high reached in the previous session as the dollar and U.S. government yields increased in response to a top U.S. central…
Today’s gold prices: Precious metals will rise as the US currency weakens; purchase on declines
Gold prices were little changed on Wednesday in the international markets, remaining close to a one-month high achieved in the previous session. gold was down 0.1% at $1,709.80 per ounce.…
Gold prices today: The support level is Rs. 50,300 as the hawkish Fed maintains pressure on precious metals
While U.S. Federal Reserve Chair Jerome Powell’s hawkish comments restrained additional gains in zero-yielding bullion, gold prices crept up on Thursday in the foreign markets, helped by a modest decline…