Gold prices saw robust selling last week in response to China’s weak demand for real gold. The COMEX gold market saw a 4.50 percent loss last week, while the yellow metal price in India saw a greater decline as a result of price adjustments following the news of a 9 percent reduction in customs duties…
The September WTI (West Texas Intermediate) and Brent oil futures were down 0.31 and 0.27 percent, respectively, to $84.62 and $80.59. Tuesday’s first hour of trading saw July crude oil futures on the Multi Commodity Exchange (MCX) trading at ₹6,828 against the previous close of ₹6,847, down 0.28 percent, and August futures at ₹6,752 against…
On Thursday morning, the official data indicated a rise in US stocks, which caused the price of crude oil futures to decline. Thursday saw a 0.22 percent decline in Brent oil futures to $84.28, and a 0.27 percent decline in August WTI (West Texas Intermediate) crude oil futures to $80.68. At the start of trade,…
Apr 3, 2024, saw a 0.18% decrease in Mentha Oil Rate. The futures contracts for Mentha oil, expiring on June 28, 2024, saw a decrease to ₹931.50. The Mentha oil rate on MCX has decreased by 0.18% in the last day, from ₹938.00 to ₹931.50. One of the top producers and exporters of mentha oil…
Gold prices on MCX increased by 12% in FY24, from Rs 59,400 to over Rs 67,000 per 10 grams due to international crises such as Israel-Hamas war and Russia-Ukraine crisis. Gold demand reached a record high of 4,899 tonnes globally in 2023 due to central bank acquisitions and sales. The World Gold Council predicts India’s…
Friday saw a more than 3% decline in the price of Multi Commodity Exchange (MCX) shares, a day after the exchange called off the mock trading session for the new trading platform. The exchange is currently putting a new commodity derivative platform into place. According to a circular released by MCX on Thursday, “the exchange…
Due to growers starting to deliver the goods they had been holding back for a few months to the agricultural produce marketing committee (APMC) yards, cotton prices have dropped by over 9% in the last two weeks. “Farmers in a number of States have altered their minds and are eager to sell their stockpiled kapas…
On Tuesday, the prices for gold and silver both decreased. The price of June delivery gold futures on the multi-commodity exchange was Rs 60,903, down 124 points, and the price of July delivery silver futures was Rs 73,116, down 286 points. While the US debt-ceiling issue and fear of a default restrained additional losses in…
Steel rebar futures have been approved for release by SEBI on MCX, the nation’s biggest commodity exchange. The exchange stated that the launch date for the contracts would be disclosed separately. The trading unit will have a base value of one tonne and be 5 tonnes. The tick size will be $10 per tonne, and…
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 suspended. Trading will be possible in cotton futures for April, June, and August deliveries. The cotton market could benefit from support, according to experts, once…
