Mumbai, July 27 (IANS) Gold and silver prices traded higher on Monday, with precious metals surging up to 1 per cent supported by a weaker US dollar and easing inflation concerns after crude oil prices plunged following the suspension of hostilities between the United States and Iran.On the Multi Commodity Exchange (MCX), gold futures (August) opened at Rs 1,43,575 per 10 grams, compared with the previous close of Rs 1,43,106.At around 12:10 pm, gold was trading at Rs 1,44,173 per 10 grams, up R…
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Mumbai, July 25 (IANS) Gold prices surged 1.31 per cent on a weekly basis as escalating conflict between the US and Iran, along with a surge in crude oil prices, prompted a flight to safe-haven assets.On Friday, MCX gold August futures gained 0.17 per cent while MCX silver September futures advanced 1.33 per cent. Gold futures settled at Rs 1,43,066, while silver futures at Rs 2,22,301 per kg on the commodity exchange.The price of 10 grams of 24-carat gold was at Rs 1,43,781 on Friday from Rs 1,…
Mumbai, July 24 (IANS) Gold and silver prices traded lower on Friday, with both precious metals falling by up to nearly 1 per cent as stronger US dollar and escalating geopolitical tensions in the Middle East weighed on investor sentiment.On the Multi Commodity Exchange (MCX), gold futures for August delivery opened at Rs 1,42,392 per 10 grams, down 0.30 per cent from the previous close of Rs 1,42,821 per 10 grams.At around 12 pm, the yellow metal fell as much as Rs 1,079 or 0.75 per cent to an …
New Delhi, July 20 (IANS) Gold and silver prices traded higher on Monday, supported by value buying after the US dollar eased slightly, although elevated crude oil prices kept investors cautious amid expectations of another US Federal Reserve rate hike.On the Multi Commodity Exchange (MCX), gold futures for August delivery rose as much as 0.52 per cent or Rs 743 to hit an intraday high of Rs 1,41,649 per 10 grams at 11:45 am.At the last count, the yellow metal was trading at Rs 1,41,254, up Rs 3…
New Delhi, July 17 (IANS) The Multi Commodity Exchange of India (MCX) on Friday cautioned investors against a Telegram channel allegedly misusing its brand name to offer market tips and urged them to stay away from illegal commodity trading platforms.In an advisory, the exchange said it had come to its notice that an entity operating through the Telegram channel “YOGITA TRADER SEBI REGISTERED” and the link “https://t.me/lootdealsoffersbest” was providing market tips while falsely using the MCX b…
New Delhi, July 17 (IANS) The Indian rupee snapped its three-day losing streak on Friday, opening 4 paise higher at 96.31 against the US dollar aided by a weaker greenback.The domestic currency had settled at 96.35 in the previous session.The recovery in the rupee came after the dollar index, which measures the US currency against a basket of six major peers, slipped to a one-month low.The dollar index steadied around 100.7 but remained on track for a weekly decline after softer-than-expected US…
New Delhi, July 14 (IANS) Global crude oil prices climbed around 3 per cent on Tuesday, touching their highest levels in four weeks, after the United States reinstated its naval blockade of Iran and fresh military exchanges around the Strait of Hormuz heightened fears of disruptions to global crude supplies.International benchmark Brent crude surged as much as 2.82 per cent or $2.35 to trade above $85 per barrel, while US West Texas Intermediate (WTI) crude rose nearly 3 per cent or $2.28 to $80…
Mumbai, July 13 (IANS) The Multi Commodity Exchange of India Limited (MCX) on Monday cautioned investors against fraudulent entities misusing its brand name to lure people into illegal trading platforms through social media, websites, mobile applications and messaging services.In a public advisory, the country’s leading commodity derivatives exchange said it has been informed that certain unscrupulous individuals and entities operating in and around Jaipur, Rajasthan, are impersonating MCX and u…
Mumbai, July 13 (IANS) Gold and silver prices traded lower on Monday, falling by up to 2 per cent as a stronger US dollar and rising expectations of higher US interest rates outweighed safe-haven demand amid escalating tensions between the US and Iran.On the Multi Commodity Exchange (MCX), gold futures (August 5) opened at Rs 1,42,633, down Rs 845 or 0.58 per cent from the previous close of Rs 1,43,478.The yellow metal fell as much as 1.33 per cent or Rs 1,921 to an intraday low of Rs 1,41,557 a…
Mumbai, July 8 (IANS) Gold and silver prices traded lower on Wednesday amid rising geopolitical tensions in the Middle East after the US military launched fresh strikes on Iran.On the Multi Commodity Exchange (MCX), gold futures for the August 5 contract opened at Rs 1,45,200 per 10 grams, down Rs 192 from the previous close of Rs 1,45,392.At around 10:35 am, the yellow metal was trading at Rs 1,45,000 per 10 grams, down Rs 392 or 0.27 per cent.During the session so far, MCX gold touched an intr…