Mumbai, April 14 (IANS) International crude oil prices on Tuesday pared their gains, falling up to 3 per cent on hopes of renewed US-Iran dialogue to end the conflict, which helped ease concerns over supply risks linked to the US blockade of the Strait of Hormuz.Global benchmark Brent crude futures traded at $96.6 per barrel, down 2.77 per cent, while US West Texas Intermediate (WTI) crude declined more than 3 per cent to $95.69, hitting an intraday low in early trade.In the previous session, oi…
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Mumbai, April 14 (IANS) Global gold and silver prices rebounded on Tuesday after a two-day decline, rising up to 2 per cent amid easing concerns over inflation, following signs of a potential diplomatic resolution to the ongoing US-Iran conflict.In the international market, COMEX gold rose as much as 0.74 per cent, or $35.4, to hit an intra-day high of $4,802.80 at 9:30 am (local time), recovering most of the losses seen in the previous two sessions.Similarly, COMEX silver gained 2 per cent to t…
Mumbai, April 13 (IANS) Gold and silver prices on Monday traded under pressure, with the precious metals witnessing a decline of up to 2 per cent after the US announced a blockade of the Strait of Hormuz.On the Multi Commodity Exchange (MCX), gold futures (June 5 contract) declined as much as 0.78 per cent or Rs 1,195 to hit an intraday low of Rs 1,51,457 per 10 gram. Meanwhile, silver futures dropped by Rs 6,084 or 2.5 per cent to Rs 2,37,190 per kg, hitting an intraday low as of 10:14 am.The y…
New Delhi, April 11 (IANS) Gold prices rose 1.65 per cent during the week extending gains for their consecutive week, amid safe haven buying and weakened US dollar over easing inflation fears and the start of the US-Iran ceasefire negotiations.On Friday, MCX gold June futures added 0.02 per cent while MCX silver May futures inched up 0.01 per cent. Currently gold futures stand at Rs 1,52,690, while silver futures at Rs 2,43,300 per kg.The price of 10 grams of 24-carat gold was at Rs 1,50,327 on …
Mumbai, April 9 (IANS) Gold and silver prices declined on Thursday despite fresh geopolitical tensions following reports of Israel attacking Lebanon’s Hezbollah.On the Multi Commodity Exchange (MCX), gold futures (June 5) fell as much as 0.74 per cent or Rs 1,129 to Rs 1,50,647, hitting an intraday low at around 10:40 AM. The yellow metal was later trading at Rs 1,51,113, down Rs 663 or 0.44 per cent. It touched an intraday high of Rs 1,51,452.Meanwhile, silver futures (May 5) also witnessed s…
New Delhi, April 7 (IANS) Gold and silver prices showed volatility in Tuesday’s session amid geopolitical tensions following US President Donald Trump’s recent aggressive posts on Iran.On the Multi Commodity Exchange (MCX), gold futures (June 5) were trading at Rs 1,50,228, up Rs 247 or 0.16 per cent at 11:35 am.On the intraday front, the yellow metal rose as much as 0.32 per cent or Rs 493 to Rs 1,50,474. Earlier in the session, before 10 am, it was trading lower by 0.23 per cent or Rs 356 …
New Delhi, April 4 (IANS) Even as geopolitical tensions intensify with the Middle East conflict entering its fifth week, gold prices in India remain nearly 17 per cent below their record peak.Gold prices ended the week on a positive note, but the broader trend reflects pressure on bullion.The COMEX gold price settled at $4,679.70 per ounce, while on the domestic front, MCX gold closed at Rs 1,49,650 per 10 grams.This places gold prices in India around Rs 31,000 lower than their all-time high of …
Mumbai, April 2 (IANS) Gold and silver prices on Thursday fell up to 5.6 per cent after US President Donald Trump’s prime-time address on the Middle East conflict failed to deliver fresh signals of an imminent resolution, disappointing bullion bulls who hoped for a ceasefire announcement.On the Multi Commodity Exchange (MCX), gold futures (June 5) fell as much as 2.31 per cent, or Rs 3,563, to hit an intraday low of Rs 1,50,145 till 10:30 am. On the intraday high, the yellow metal traded 0.79 pe…
New Delhi, March 30 (IANS) Gold and silver prices witnessed sharp losses on Monday, tracking declines in global bullion markets amid fading hopes of a US Federal Reserve rate cut and rising inflation concerns.On the Multi Commodity Exchange (MCX), gold contracts for June 5 delivery opened 0.27 per cent lower at Rs 1,46,850 per 10 grams, as against the previous close of Rs 1,47,255. The yellow metal declined sharply during the session, falling as much as Rs 3,043, or 2.06 per cent, to hit an intr…
Mumbai, March 27 (IANS) Gold and silver prices surged on Friday, driven by safe-haven demand amid persistent uncertainty and fading hopes of de-escalation in the West Asia conflict.Gold futures for April 2 delivery jumped as much as 2.27 per cent, or Rs 3,167, to hit an intraday high of Rs 1,42,660 per 10 grams on the Multi Commodity Exchange (MCX) around 11:20 AM. The yellow metal was later trading at Rs 1,42,500, up Rs 3,007 or 2 per cent.During the session, gold touched an intraday low of Rs …