Mumbai, April 30 (IANS) Gold and silver prices rose on Thursday amid surging crude oil prices driven by the West Asia conflict, gaining up to about 2 per cent.On the Multi Commodity Exchange (MCX), gold contracts for June 5 opened at Rs 1,49,499 per 10 grams, up Rs 449 or 0.30 per cent, from the previous close of Rs 1,49,050.At around 1 pm, gold was trading at Rs 1,50,770, up Rs 1,720 or 1.15 per cent. During the session, the yellow metal touched an intra-day high of Rs 1,51,514 (up Rs 2,464 or …
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Mumbai, April 29 (IANS) Gold and silver traded on a firm note on Wednesday ahead of the US Federal Reserve’s interest rate decision, with both precious metals trading in a narrow range.On the Multi Commodity Exchange (MCX), gold contracts for June 5 opened at Rs 1,50,720 per 10 grams, up Rs 693 or 0.46 per cent from the previous close of Rs 1,50,027. However, the yellow metal pared gains and was trading marginally lower by Rs 56 or 0.04 per cent to Rs 1,49,971 at 11:30 am. So far in the sessio…
Mumbai, April 28 (IANS) Gold and silver traded sharply lower on Tuesday, declining by up to 2 per cent amid ongoing tensions between the US and Iran and a rise in crude oil prices, which breached the $110 mark again.On the Multi Commodity Exchange (MCX), gold futures (June 5) witnessed selling pressure. The yellow metal fell to an intraday low of Rs 1,50,450 per 10 grams, down 0.83 per cent or Rs 1,271, while it touched a high of Rs 1,51,802, up 0.05 per cent or Rs 81.At the last count, gold was…
Mumbai, April 27 (IANS) Gold and silver prices traded on a flat note on Monday amid a rise in crude oil prices and reports of a fresh proposal by Iran to end the conflict with the US, raising hopes of de-escalation in the Middle East.On the Multi Commodity Exchange (MCX), gold futures (June 5 contract) were trading at Rs 1,52,410 per 10 grams, down 0.19 per cent or Rs 290 from the previous close of Rs 1,52,699.By 11:00 A.M., the yellow metal touched an intraday high of Rs 1,53,008, up 0.20 per c…
Mumbai, April 24 (IANS) Gold and silver prices started the session on a weaker note on Friday, with both precious metals declining by nearly 1 per cent in early trade on the Multi Commodity Exchange (MCX).Gold futures for June 5 opened 0.39 per cent or Rs 594 lower at Rs 1,51,167 per 10 grams compared to the previous close of Rs 1,51,761.Later, the yellow metal touched an intra-day low of Rs 1,50,750, down 0.66 per cent or Rs 1,011. At the last count, it was trading at Rs 1,51,449, a decrease of…
Mumbai, April 22 (IANS) Gold and silver prices showed positive momentum on Wednesday over an extension of the ceasefire between the US and Iran, with both precious metals rising up to 2 per cent.On the Multi Commodity Exchange (MCX), gold contracts for June 5 hit an intra-day high of Rs 1,53,699 per 10 grams, up 1.33 per cent or Rs 2,028. During the session, gold touched a low of Rs 1,53,052 and was last trading at Rs 1,53,593, up Rs 1,922 or 1.27 per cent.Silver contracts for May 5 rose over 2 …
Mumbai, April 21 (IANS) Gold and silver prices declined on Tuesday amid prevailing global uncertainty, with both precious metals trading lower by up to around 1 per cent.On the Multi Commodity Exchange (MCX), gold contracts for June 5 were trading at Rs 1,53,415, down 0.34 per cent or Rs 528. The yellow metal was at Rs 1,53,585 per 10 grams, a decline of Rs 358 or 0.23 per cent, at around 11:55 a.m. It touched an intraday high of Rs 1,53,992.On the other hand, silver futures contracts for May 5 …
Mumbai, April 20 (IANS) The Indian rupee gained 10 paise on Monday, opening at 92.83 against the US dollar, buoyed by a significant decline in crude oil prices, optimism around easing geopolitical tensions, and supportive measures from the Reserve Bank of India (RBI).The dollar index — which measures the greenback against a basket of six major currencies — rose to 98.27, up 0.37 per cent from the previous close.According to the currency market experts, a sustained move above Rs 93 could extend…
New Delhi, April 18 (IANS) As India gears up to celebrate Akshaya Tritiya on Sunday — an auspicious occasion for buying gold — macroeconomic trends are reinforcing the metal’s investment appeal alongside tradition, with analysts seeing prices rise up to Rs 1.85 lakh, according to a new report.An analysis by Axis Direct said gold is well-positioned in the current global environment and could gain whether the economy weakens into stagflation or improves amid falling interest rates.“Whether t…
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…