New Delhi, April 29 (IANS) Global crude oil prices extended their upward momentum on Wednesday amid reports that the United States is likely to continue its blockade of Iranian ports, raising concerns over prolonged supply disruptions in the Middle East.International oil benchmark Brent crude rose 0.63 per cent to $111.97 per barrel, while US West Texas Intermediate (WTI) crude gained 0.81 per cent to $100.74.The rise was supported by reports that claim US President Donald Trump has asked aides …
Latest Multi Commodity Exchange News & Updates
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 24 (IANS) International crude oil prices surged on Friday, rising up to 2 per cent amid escalating tensions in the Middle East, even after a unilateral ceasefire announcement from the US.The global oil benchmark Brent crude advanced about 2 per cent to $107 per barrel, while US West Texas Intermediate (WTI) crude increased nearly 2 per cent to $97.6 from the previous close.In the domestic market, crude oil on the Multi Commodity Exchange (MCX) was trading at Rs 9,077, down 1 per ce…
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 22 (IANS) Global crude oil prices edged higher to nearly $100 a barrel on Wednesday as traders and investors analysed the outlook for US-Iran peace talks following US President Donald Trump’s announcement to extend a fragile ceasefire, even as the Strait of Hormuz remained constrained.International benchmark Brent crude futures traded at $99.29 per barrel, up 0.82 per cent, while US West Texas Intermediate (WTI) rose 1.15 per cent to $90.71.Both benchmark contracts had gained aro…
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 21 (IANS) Global crude oil prices witnessed decline on Tuesday, reversing the previous session’s gains, amid expectations that upcoming talks between the United States and Iran could ease tensions.International oil benchmark Brent crude futures declined as much as 1.31 per cent to $94.22 per barrel, hitting an intraday low.Meanwhile, US West Texas Intermediate (WTI) traded at $85.5, down 2.19 per cent from the previous close.However, both crude benchmarks had rallied strongly on …
Mumbai, April 20 (IANS) Global crude oil prices rebounded on Monday towards the $100 per barrel mark amid fresh escalations in the West Asia conflict.The international benchmark Brent crude futures rose as much as 7.18 per cent to hit an intraday high of $96.87 per barrel, while US West Texas Intermediate (WTI) crude traded at $91.20, up 8.76 per cent from the previous close.On the domestic front, crude on the Multi Commodity Exchange (MCX) traded at Rs 8,289, an increase of 6.72 per cent from t…