New Delhi, June 29 (IANS) Gold and silver prices traded lower on Monday, with the yellow metal slipping below the Rs 1.44 lakh mark and the white metal hovering near Rs 2.23 lakh amid weak global cues.On the Multi Commodity Exchange (MCX), gold futures (August) opened at Rs 1,44,180 per 10 grams, marginally higher than the previous close of Rs 1,44,162. However, selling pressure emerged later.At around 10 am, the yellow metal was trading at Rs 1,43,470, down Rs 692 or 0.48 per cent. So far in th…
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Mumbai, June 28 (IANS) After ending the holiday-shortened week on a positive note, Dalal Street is likely to take cues from progress in the proposed India-US trade agreement, developments in the Middle East conflict, crude oil prices and foreign investor activity in the coming week. Lower oil prices and improving risk sentiment helped benchmark indices post modest gains during the last week.For the week, the Sensex advanced 0.39 per cent to close at 77,100.47, while the Nifty gained 0.18 per cen…
Mumbai, June 25 (IANS) Gold and silver showed volatility on Thursday, swinging between gains and losses amid expectations of further US Federal Reserve rate hikes and easing geopolitical tensions.On the Multi Commodity Exchange (MCX), gold futures (August) opened at Rs 1,40,672 per 10 grams, down Rs 598 or 0.42 per cent from the previous close of Rs 1,41,270.However, buying interest emerged later in the session, with the yellow metal rising Rs 719 or 0.50 per cent to touch an intraday high of Rs…
Mumbai, June 23 (IANS) Gold and silver prices witnessed weakness and declined up to 3 per cent on Tuesday as rising expectations of further US Federal Reserve rate hikes weighed on investor sentiment globally.On the Multi Commodity Exchange (MCX), gold futures (August) opened at Rs 1,46,776 per 10 grams, down Rs 1,412 or 0.95 per cent from the previous close of Rs 1,48,188.At around 12 pm, the yellow metal was trading at Rs 1,46,379, lower by Rs 1,739 or 1.17 per cent. During the session so far,…
New Delhi, June 22 (IANS) Easing Middle East tensions and recent policy measures by the Reserve Bank of India and the government have eased near‑term stress on the Indian rupee, a report said on Monday.The report from Elara Securities said the domestic currency could appreciate against the American dollar in H1 FY27, as current account pressures reduce and flows improve, keeping the rupee oscillating within a 93‑95 range.If the US Federal Reserve raises rates, as expected with a 50 basis‑p…
Mumbai, June 14 (IANS) The Indian stock market is likely to remain driven by global cues in the coming week, with investors closely watching the US Federal Reserve’s policy meeting, developments surrounding a potential US-Iran peace agreement and trends in crude oil prices.Benchmark indices ended the previous week on a positive note, breaking a two-week losing streak amid improving investor sentiment.The Nifty gained 1.10 per cent to close at 23,622.90, while the Sensex rose 1.73 per cent to set…
Mumbai, June 12 (IANS) Gold and silver prices traded higher on Friday, with precious metals surging by up to 2 per cent amid hopes of a peace deal in the ongoing West Asia conflict.On the Multi Commodity Exchange (MCX), gold futures (August) increased as much as 1.11 per cent or Rs 1,668 to hit an intraday high of Rs 1,50,600 as of around 11:30 am.The yellow metal was trading at Rs 1,49,916, up 0.66 per cent or Rs 948. It touched an intraday low of Rs 1,49,569, a gain of 0.42 per cent or Rs 637 …
Mumbai, June 11 (IANS) Gold and silver prices traded lower on Thursday, with precious metals falling by up to 2 per cent amid escalating tensions in the West Asia conflict.On the Multi Commodity Exchange (MCX), gold futures (August) declined as much as 1 per cent or Rs 1,573 to hit an intraday low of Rs 1,46,444 as of around 12 pm.The yellow metal was trading at Rs 1,47,860, down 0.11 per cent or Rs 157. It touched an intraday high of Rs 1,48,089, up 0.04 per cent or Rs 72 from the previous clos…
New Delhi, June 10 (IANS) Gold and silver prices opened sharply lower on Wednesday over concerns of US Federal Reserve rate-hike fears.On the Multi Commodity Exchange (MCX), gold futures (August) dipped 1.51 per cent to Rs 1,50,140 per 10 grams at 12.15 pm on an intraday basis.On the other hand, silver futures (July) lost almost 1 per cent to Rs 2,36,239 per kg.The price of 10 grams of 24-carat gold was at Rs 1,48,429 on Wednesday, down from Rs 1,52,519 of the previous day’s market opening, acco…
Mumbai, June 8 (IANS) Gold and silver prices traded lower on Monday, with precious metals falling by nearly 4 per cent amid escalating tensions in the West Asia conflict, a volatile global macroeconomic environment and surging crude oil prices.On the Multi Commodity Exchange (MCX), gold futures (August contract) declined as much as 1.85 per cent or Rs 2,882 to hit an intraday low of Rs 1,52,712 at around 12:30 pm.The yellow metal was trading at Rs 1,53,550, down over 1 per cent or Rs 2,044. It t…