New Delhi, March 20 (IANS) India’s gold reserves increased by $664 million to $130.68 billion for the week ended March 13, data released by the Reserve Bank of India on Friday showed.However, India’s total foreign exchange reserves fell by $7.05 billion to $709.76 billion during the week ended March 13.The decline follows an even sharper drop in the previous week ended March 6, when reserves fell by $11.68 billion to $716.81 billion from $728.49 billion.The fall has been largely attributed t…
Latest Multi Commodity Exchange News & Updates
Mumbai, March 20 (IANS) Gold and silver on Friday witnessed a substantial rise in prices, with both precious metals gaining 3 per cent amid hopes of easing tensions in West Asia.On the Multi Commodity Exchange (MCX), gold futures (April 2) touched an intra-day high of Rs 1,48,302 per 10 grams at around 10:45 am, up 2.30 per cent or Rs 3,348. During the session so far, gold hit a low of Rs 1,47,401. At the last count, the yellow metal was trading at Rs 1,47,534, up Rs 2,580 or 1.78 per cent.Simil…
Mumbai, March 19 (IANS) Precious metals witnessed a steep decline on Thursday despite heightened geopolitical tensions in West Asia, with both gold and silver slipping to multi-week lows amid strong selling pressure during the trading session.According to data from the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold (999 purity) dropped to Rs 1,47,889 per 10 grams, down from Rs 1,54,879 in the previous session — marking a sharp fall of Rs 6,990 in just one day.Silver …
Mumbai, March 19 (IANS) Gold and silver prices witnessed a sharp fall on Thursday following the US Federal Reserve’s latest policy decision announced overnight, even as escalating geopolitical tensions in the Middle East kept bullion in focus.On the Multi Commodity Exchange (MCX), gold futures (April 2) were trading around 1 per cent, or Rs 1,313, lower at Rs 1,51,712, hitting an intraday low at around 10:22 am. Similarly, silver futures (May 5) declined to Rs 2,43,083, down 2 per cent or Rs 5…
New Delhi, March 17 (IANS) Gold and silver prices rose on Tuesday ahead of the US Federal Reserve’s policy meeting, with both precious metals gaining in early trade amid cautious investor sentiment.On the Multi Commodity Exchange (MCX), gold futures (April 2) were trading at Rs 1,57,145 per 10 grams at around 10 am — up Rs 1,409 or around 1 per cent. During the session so far, gold touched an intraday low of Rs 1,56,649, indicating a firm but range-bound trend.Meanwhile, silver contracts for …
Mumbai, March 12 (IANS) Gold prices in India traded slightly lower on Thursday, even as silver prices recovered from early losses and moved higher due to strong buying at lower levels.On the Multi Commodity Exchange (MCX), gold for April futures was trading at Rs 1,61,665 per 10 grams, down by Rs 124 or 0.08 percent.The precious metal had opened higher at Rs 1,62,799 per 10 grams compared with its previous close of Rs 1,61,789, but later pared its gains amid weak global cues.Experts said that st…
New Delhi, March 3 (IANS) Gold prices climbed for a fifth straight session in the global markets on Tuesday amid escalating conflict in the Middle East and a spike in energy prices.MCX gold April futures gained 2.53 per cent to Rs 1,66,199 per 10 grams on Monday, while MCX silver May futures eased 0.90 per cent to Rs 2,80,090 per kg.India’s Multi Commodity Exchange will remain closed for the first half of trading on Tuesday for Holi, with evening trading resuming at 5 pm.Tensions in West Asia …
Mumbai, Jan 20 (IANS) Gold and silver prices surged to fresh record highs on the Multi Commodity Exchange (MCX) on Tuesday as investors rushed towards safe-haven assets amid rising global trade and geopolitical tensions.February gold futures opened higher at Rs 1,45,775 per 10 grams, compared to the previous close of Rs 1,45,639.During the session, prices climbed sharply to touch a historic high of Rs 1,52,500 per 10 grams, gaining Rs 6,861 in a single day.With this, gold crossed the Rs 1.50 lak…
Mumbai, Jan 19 (IANS) Silver prices surged to a fresh lifetime high on the Multi Commodity Exchange (MCX) on Monday, with the precious white metal touching the Rs 3 lakh per kg mark during the intra-day session.The rally was driven by strong safe-haven demand amid rising global uncertainties. The rally in silver came alongside fresh record highs in gold.The silver futures contract on MCX for March 2026 expiry opened with a strong upside gap at Rs 2,93,100 per kg and quickly extended gains to hit…
Mumbai, Jan 8 (IANS) Silver prices fell sharply on Thursday as selling pressure increased ahead of the annual rebalancing of global commodity indexes and the release of key US economic data.On the Multi Commodity Exchange (MCX), silver dropped nearly 3.5 per cent to trade below Rs 2,42,000 per kilogram during the session.The decline came after passive investment funds were expected to reduce their holdings in precious metals futures to match new index weightings.The selling is seen as heavier th…