Mumbai, April 29 (IANS) Gold and silver traded on a firm note on Wednesday ahead of the US Federal Reserve’s interest rate decision, with both precious metals trading in a narrow range.On the Multi Commodity Exchange (MCX), gold contracts for June 5 opened at Rs 1,50,720 per 10 grams, up Rs 693 or 0.46 per cent from the previous close of Rs 1,50,027. However, the yellow metal pared gains and was trading marginally lower by Rs 56 or 0.04 per cent to Rs 1,49,971 at 11:30 am. So far in the sessio…
Latest Silver News & Updates
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 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 20 (IANS) The Indian rupee gained 10 paise on Monday, opening at 92.83 against the US dollar, buoyed by a significant decline in crude oil prices, optimism around easing geopolitical tensions, and supportive measures from the Reserve Bank of India (RBI).The dollar index — which measures the greenback against a basket of six major currencies — rose to 98.27, up 0.37 per cent from the previous close.According to the currency market experts, a sustained move above Rs 93 could extend…
New Delhi, April 19 (IANS) Akshaya Tritiya is expected to generate business exceeding Rs 20,000 crore in gold and silver despite rising prices, a notable growth from last year’s estimated Rs 16,000 crore business on the auspicious occasion, the Confederation of All India Traders (CAIT) said on Sunday.Akshaya Tritiya has traditionally been one of India’s most auspicious occasions for purchasing gold, rooted in the belief that investments made on this day ensure lasting prosperity. “While go…
New Delhi, April 17 (IANS) Equity net fund flows improved from Rs 41,934 crore in February to Rs 46,501 crore in March, marking an increase of about 11 per cent, a new report said on Friday.The report from Vallum Capital said total net asset flows swung sharply in March as investors rotated into equities but retreating to quality and simplicity, while leaving money‑market and fixed‑income funds.The report noted a sharp rebound in Indian equities that attracted Rs 59,629 crore of inflows. Sma…
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…
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…