Due to a declining dollar and expectations of increased demand in China as a result of the government’s projected economic stimulus, copper prices increased on Monday. The central bank is anticipated to loosen monetary policy soon after the Chinese government announced that it would intensify efforts to stabilize the country’s economy. However, for the time…
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 Exchange was up Rs 244 or 0.47% at Rs 52,695 for a ten-gram contract. Silver December futures were trading Rs. 715 higher at Rs. 62,345…
The rupee avoided its first weekly fall in four weeks last week as a result of weaker regional currencies and a withdrawal of foreign funds. While the dollar index rose 0.6% to 106.93, spot USDINR increased by 88 paise to 81.69. To cap off a low-voltage week that saw the Dow Jones close virtually unchanged…
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. US gold futures decreased by 0.1% to $1,714.10. On the Multi-Commodity Exchange (MCX), gold contracts were trading 0.16% higher at Rs 51,545 for 10 grams…
Tin’s prognosis has dimmed as a result of deteriorating macroeconomic fundamentals, a strong currency, and increased inflation. As a result, analysts have decreased their prediction for the metal’s price for 2023 and this year. Tin’s prices have fallen by 11% over the previous month due to the bleak prognosis for the metal, which is used…
As central banks from India to the Czech Republic intervene to defend their currencies, global foreign-currency reserves are plummeting at the quickest rate on record. This year, reserves have fallen by almost $1 trillion, or 7.8%, to $12 trillion, the largest loss since Bloomberg began compiling data in 2003. Part of the slump can be…
The Indian rupee is expected to remain sideways on Friday amid falling crude prices, risk aversion in global equity markets, and a strong dollar. The USDINR pair is having resistance at 79.90 and 80.15, while the support has shifted to 79.40 from 79.05, according to analysts. In the previous session, the rupee declined due to…
Indian rupee appreciated 28 paise to 79.25 against the U.S. dollar in opening trade on Tuesday, tracking the dollar’s decline versus its major peers and foreign fund inflows. At the interbank foreign exchange, the local unit struck 79.25 in initial deals after starting at 79.30 against the dollar, gaining 28 paise from its previous close….
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…
With the strength of the dollar, the Indian rupee is likely to weaken. Increased petroleum prices, worries about interest rate increases, and recession worries are also anticipated to have an impact on the local currency. Analysts predict that the USDINR spot price will fluctuate between Rs. 79 and Rs. 80.50 over the next several trading…
