Tuesday’s Asian trading saw a decline in gold prices, but they were still at record highs due to the demand for safe-haven assets brought on by worries about an Iranian attack on Israel. Gold futures expiring in December dropped 0.1% to $2,501.45 an ounce, while spot gold declined 0.4% to $2,460.78. While spot prices continued…
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…
Foreign Portfolio Investors (FPIs) have switched to net sellers this month, taking out more than Rs 13,400 crore from Indian stocks as of the beginning of August. This reversal comes after several months of rising investment. Earlier this year, foreign portfolio investors (FPIs) invested a total of Rs 22,134 crore in Indian stocks. On the…
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…
The price of turmeric fell -0.28% to ₹16,400, primarily due to reports of heightened seeding activities in major producing regions. Prices have been pressured lower by reports of increased sowing quantities, especially in Maharashtra, Telangana, Andhra Pradesh, and on the Erode line, where seeding is said to be double that of the previous year. India’s…
The Association of Mutual Funds of India (AMFI), the industry trade group for mutual funds, issued data on August 9 that showed a decline in investments in large- and mid-cap funds during July, resulting in an 8.61 percent decline in inflows into open-ended equities mutual funds to Rs 37,113.39 crore. According to AMFI data, monthly…
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…
