Mumbai, April 16 (IANS) Gold and silver prices rose on Thursday even after US President Donald Trump’s remarks on easing geopolitical tensions and the opening of the Strait of Hormuz.On the Multi Commodity Exchange (MCX), gold futures (June 5 contract) climbed as much as 0.67 per cent or Rs 1,042 to hit an intraday high of Rs 1,54,990 by 10.57 a.m.Silver futures also jumped up to 1.58 per cent or Rs 3,993 to Rs 2,55,735, logging an intraday high.The yellow metal was trading at Rs 1,54,911, up Rs…
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Mumbai, April 15 (IANS) Gold prices remained largely steady on Wednesday as improving prospects of easing geopolitical tensions between the United States and Iran kept investor sentiment in check.During early trade, MCX gold May futures were marginally higher by 0.02 per cent at Rs 1,53,305 per 10 grams.Commenting on gold technical outlook, experts said that a sustained move above Rs 1,55,000 could revive momentum toward Rs 1,57,000-Rs 1,58,000.“On the downside, a break below Rs 1,54,000 may l…
New Delhi, April 9 (IANS) Ferrous players are likely to post strong fourth quarter (Q4) results as hot‑rolled coil and rebar prices rose sharply, driving realisations and offsetting higher coking coal costs, a report said on Thursday.The report from Emkay Global Financial Services said that “COAL is likely to report strong on-quarter EBITDA growth, among mining stocks, surging over 46 per cent or Rs 115 billion”. The growth is supported by higher e‑auction realisations and improved offta…
New Delhi, March 31 (IANS) Gold and silver prices are likely to open higher in Tuesday’s evening session amid hopes of de-escalation in the West Asia conflict.Tracking global cues, spot gold jumped as much as 2.39 per cent to $4,619.14 per ounce as of 11 A.M., while US gold futures for June delivery gained 2 per cent to $4,649.26.Similarly, spot silver advanced 4.82 per cent to $73.48 per ounce, while COMEX silver traded at $73.705, up 4.44 per cent from the previous close.On Monday, MCX gold …
Mumbai, March 29 (IANS) The Indian stock market ended the week on a weak note, extending its losing streak for the fifth straight week, as rising crude oil prices, a falling rupee and escalating tensions in the Middle East dampened investor sentiment. These global factors are now expected to remain the key triggers for market movement in the coming week.On Friday, (March 27), both benchmark indices — Sensex and Nifty — saw sharp declines of over 2 per cent each.The Sensex plunged 1,690 points,…
Mumbai, March 24 (IANS) Gold and silver prices witnessed a sharp decline on Tuesday, even as hopes of de-escalation in the West Asia conflict weighed on safe-haven demand after the US President announced a temporary pause on potential strikes targeting Iran’s energy infrastructure.On the Multi Commodity Exchange (MCX), gold futures (April 2) fell as much as Rs 2,576 or around 2 per cent to hit an intra-day low of Rs 1,36,684 per 10 grams by 10:40 am. The yellow metal was last trading at Rs 1,3…
New Delhi, March 23 (IANS) Global oil prices plunged sharply on Monday, with Brent crude falling over 13 per cent, after US President Donald Trump announced a temporary halt on military strikes against Iran and said talks between the two countries were “productive”.Brent crude futures dropped by around $17, or nearly 15 per cent, to touch a session low of $96 per barrel, while US West Texas Intermediate crude fell about $13, or 13.5 per cent, to $85.28.The sharp fall came as fears of supply …
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…
New Delhi, March 18 (IANS) Commodity fund inflows plunged by Rs 45,708 crore in February 2026, even as the asset class overtook peers with an 80.3 per cent annual return, a report said on Wednesday.”Commodity flows collapsed as gold mania faded, while the money market cooled sharply. Fixed income continued steady outflows, whereas equity flows held relatively firm,” the report from Vallum Capital said.The total net asset level flows nearly halved from Rs 1,64,277 crore in January to Rs 73,842 cr…
New Delhi, March 10 (IANS) Gold and silver prices posted strong gains on Tuesday as the US dollar softened, and energy prices fell on signals from President Donald Trump that the conflict in the Middle East could be nearing an end.MCX gold April futures gained 1.15 per cent to Rs 1,62,150 per 10 grams around 12.15 pm on an intraday basis. Meanwhile MCX silver May futures gained 3.68 per cent to Rs 2,77,000 per kg.In international markets, spot silver climbed toward $82.50 per ounce, while spot g…