At the end of January, attention turned to the US Federal Reserve’s policy and the Union Budget set to be released on February 1, both of which may impact market volatility and currency fluctuations, according to analysts. In the midst of this, gold prices have been experiencing unprecedented highs, although there was a notable sell-off…
Gold prices have risen due to increased demand for safe-haven assets and heightened activity from traditional buyers during the wedding season. As of December 1, spot gold was priced around $4,239 per ounce, influenced by expectations of a potential US Federal Reserve rate cut. In the Indian market, gold futures on the Multi-Commodity Exchange (MCX)…
There have been two record highs for silver, one with dubious causes and the other with more valid ones. The price of one ounce of silver hit a record high of $49.95 on January 17, 1980. But it was made possible by a questionable deal between two people to corner the market and raise demand….
In the face of a declining dollar and anticipation of rate cuts by the US Federal Reserve, the prices of gold and silver rose to new highs in the domestic futures market on Monday, following strong global indications. A new high of Rs 1,15,939 per 10 grammes was reached by the December gold contract on…
Natural gas prices dropped by -0.47% to 272.6 on MCX due to abundant supply, near-record production levels, and forecasts of milder weather. Output in the Lower 48 states averaged 107.5 billion cubic feet per day in September, down from the August record of 108.3 billion cubic feet per day. Production dropped to a preliminary eight-week…
Gold prices on the Multi Commodity Exchange (MCX) rose by 0.56% to close the session at ₹98,015 per 10 grams, reflecting gains in the international bullion market. The weaker US dollar supported this, while silver prices remained largely unchanged. The gold rate rose by ₹542, or 0.56%, to close the session at ₹98,015 per 10…
Gold prices fell by 1.09% to settle at ₹99,178 per 10 grams on the MCX, despite geopolitical tensions in the Middle East. Investors are cautious ahead of key global central bank meetings, especially the U.S. Federal Reserve’s policy decision. Goldman Sachs forecasts prices to reach $3,700/oz by the end of 2025, and BofA suggests a…
Due to rising financial instability, the price of gold has surpassed the historic $3,100 threshold. Amid worries over Trump’s trade war, gold saw strong demand as a haven, pushing it above $3,100 on Monday to record an all-time high. At the moment, gold is trading at $3,111, the intraday high on the global market. Reports…
The Multi Commodity Exchange (MCX), India’s largest commodity exchange, has revised the expiry date of its base metal index futures contract (MCXMETLDEX) due to the Maharashtra Legislative Assembly Election on November 20, 2024. Trading on MCX will only open for the evening session, and the contract will be available for trading until the revised expiry…
The introduction of cotton seed wash oil futures was announced by the top commodities exchange, MCX, on Tuesday. According to a statement from MCX, each contract will have a trading unit of five tonnes, with a base value quoted in rupees per ten kilograms at Ex-Tank Kadi, Gujarat. Participants have inexpensive access to hedging because…
