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…
Latest Multi Commodity Exchange News & Updates
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…
Mumbai, April 13 (IANS) International crude oil prices surged on Monday, climbing nearly 10 per cent and crossing the $100 per barrel mark, following the US Navy’s move to blockade the Strait of Hormuz amid stalled peace talks.Brent crude futures jumped 8.61 per cent or $8 to hit an intraday high of $103.40. Similarly, US West Texas Intermediate (WTI) crude traded at $105.63, up 9.38 per cent or $9.On the domestic front, crude oil futures (April 20 contract) on the Multi Commodity Exchange (MC…
New Delhi, April 10 (IANS) Gold and silver prices witnessed a decline of around 1 per cent on Friday on the Multi Commodity Exchange (MCX), as investors booked profits amid easing safe-haven demand.MCX gold declined 0.56 per cent to hit an intra-day low of Rs 1,52,561 per 10 grams, while silver futures (May 5) plummeted 0.7 per cent by logging an intraday low of Rs 2,42,067 per kg against the previous close.The yellow metal touched an intraday high of Rs 1,52,990, a decrease of 0.28 per cent or …
New Delhi, April 10 (IANS) The Indian rupee opened nearly 10 paise higher on Friday as the Reserve Bank of India’s (RBI) deadline for banks to unwind their arbitrage positions approached, while traders also tracked rising crude oil prices amid uncertainty over the US-Iran ceasefire.The rupee was trading at 92.57 against the US dollar in early trade, compared to its previous close of 92.66.April 10 is the deadline for banks to unwind excessive positions in the offshore non-deliverable forwards …
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…
Mumbai, April 8 (IANS) Gold and silver prices on Wednesday traded sharply higher due to safe-haven demand, even after a two-week ceasefire plan was announced by US President Donald Trump.On the Multi Commodity Exchange (MCX), gold futures (June 5) jumped as much as Rs 3,688 or 2.45 per cent to an intraday high of Rs 1,53,977 as of 10:52 AM.The yellow metal was trading at Rs 1,53,920, up Rs 3,631 or 2.42 per cent. It touched an intraday low of Rs 1,53,301, a gain of 2 per cent from the previous c…
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 6 (IANS) International crude oil prices traded higher on Monday as persistent fears of supply disruptions in West Asia kept markets on edge, with the ongoing US-Israel-Iran conflict weighing on sentiment.Brent crude futures rose as much as 2.01 per cent or $2.2, to $111.23 per barrel, hovering near a 52-week high. Similarly, US West Texas Intermediate (WTI) crude gained 3.53 per cent or about $4 to $115.48 by 10.20 am.On the domestic front, crude oil futures on the Multi Commodi…
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…