Mumbai, May 25 (IANS) Gold and silver prices traded higher on Monday, rising up to nearly 2 per cent, supported by a weaker US dollar and softer crude oil prices as investors assessed prospects of progress in US-Iran peace negotiations.On the Multi Commodity Exchange (MCX), gold futures (June 5) were trading 0.36 per cent or Rs 566 higher at Rs 1,59,245 at 10:48 am.The yellow metal touched an intraday high of Rs 1,59,500, up 0.51 per cent or Rs 821 from the previous close of Rs 1,58,679. It reco…
Latest Multi Commodity Exchange News & Updates
New Delhi, May 23 (IANS) Gold prices rose 0.19 per cent during the week over persistent geopolitical uncertainty and sharp movements in crude prices.On Friday, MCX gold June futures dipped 0.06 per cent while MCX silver May futures lost 0.09 per cent.Currently, gold futures stood at Rs 1,58,588, while silver futures stood at Rs 2,71,600 per kg on the Multi Commodity Exchange (MCX).The price of 10 grams of 24-carat gold was at Rs 1,58,117 on Friday, up from Rs 1,57,821 seen on Monday market openi…
Mumbai, May 21 (IANS) Gold and silver prices traded lower on Thursday, while investors closely monitored safe-haven demand and ongoing geopolitical uncertainties.On the Multi Commodity Exchange (MCX), gold futures (June 5) fell as much as 0.42 per cent or Rs 687 to hit an intraday low of Rs 1,59,319 at around 12 pm.The yellow metal was trading at Rs 1,59,400, down 0.38 per cent or Rs 606. It touched an intraday high of Rs 1,59,992.Silver futures (July 3) declined 1.4 per cent or Rs 3,864 to Rs 2…
Mumbai, May 20 (IANS) Gold and silver prices declined sharply on Wednesday, with both precious metals falling over 1 per cent amid rising concerns over higher US interest rates.On the Multi Commodity Exchange (MCX), gold futures (June 5) declined as much as 0.7 per cent or Rs 1,121 to hit an intraday low of Rs 1,57,959 as of 11:17 am. The yellow metal was trading at Rs 1,58,369, down 0.45 per cent or Rs 711. It touched an intraday high of Rs 1,60,378, rising 0.81 per cent or Rs 1,298, according …
Mumbai, May 18 (IANS) Gold and silver showed volatility on Monday amid rising geopolitical tensions in West Asia, which typically support safe-haven demand, and a sharp rise in US Treasury yields.On the Multi Commodity Exchange (MCX), gold futures (June 5) were trading at Rs 1,58,697 per 10 grams around 11 am, up Rs 150 or 0.09 per cent.The yellow metal touched an intraday high of Rs 1,58,884, rising Rs 337 or 0.21 per cent, while the day’s low stood at Rs 1,57,547, down Rs 1,000 or 0.63 per c…
New Delhi, May 18 (IANS) Global crude oil prices extended gains on Monday as escalating tensions between the US and Iran fuelled concerns over supply disruptions after a nuclear facility in the United Arab Emirates was attacked.International oil benchmark Brent crude rose as much as 2.37 per cent or $2.60 to $111.86 per barrel.Meanwhile, US West Texas Intermediate (WTI) crude advanced 3.11 per cent, or $3.28, to $108.70 per barrel.In the domestic markets, crude oil futures (June 18) on Multi Com…
Mumbai, May 16 (IANS) Gold and silver prices jumped by nearly 4 per cent this week amid persistent geopolitical uncertainty and volatile crude oil prices.On the Multi Commodity Exchange (MCX), gold futures (June 5) settled 3.94 per cent or Rs 6,017 higher at Rs 1,58,547 on Friday.Similarly, silver futures (July 3) ended 3.8 per cent or Rs 9,964 higher at Rs 2,71,886 on the commodity exchange.During the week, the yellow metal surged as much as 7.84 per cent or Rs 11,967 to touch an intraday high …
New Delhi, May 15 (IANS) Gold and silver prices traded sharply lower on Friday, with both precious metals declining in domestic trade by up to 4 per cent amid strength in the dollar index.On the Multi Commodity Exchange (MCX), gold futures for June 5 fell as much as 1.52 per cent or Rs 2,478 to touch an intraday low of Rs 1,59,500 as of 10:45 am.Meanwhile, silver futures for July 3 came under heavier pressure, plunging 4.12 per cent or Rs 12,000 to Rs 2,79,102.At the last count, the yellow metal…
Mumbai, May 14 (IANS) Gold and silver prices traded lower on Thursday, with the precious metals declining up to nearly 2 per cent amid profit booking after the government raised import duty to 15 per cent.On the Multi Commodity Exchange (MCX), gold futures (June 5) fell 0.71 per cent, or Rs 1,159, to an intraday low of Rs 1,61,027 as of 10:30 a.m.Similarly, silver futures (July 3) declined 1.92 per cent, or Rs 5,788, to hit an intraday low of Rs 2,94,450.According to commodity market experts, MC…
Mumbai, May 13 (IANS) Gold and silver prices on Wednesday witnessed a sharp surge of up to 8 per cent after the government more than doubled the import duty on precious metals.On the Multi Commodity Exchange (MCX), gold futures (June 5) advanced as much as 7.20 per cent or Rs 11,055 to touch an intraday high of Rs 1,64,497 per 10 grams as of 9:50 am.The yellow metal was trading at Rs 1,62,728, up 6 per cent or Rs 9,286 from the previous close. Earlier in the session, it had opened at Rs 1,54,851…