Mumbai, April 9 (IANS) Gold and silver prices declined on Thursday despite fresh geopolitical tensions following reports of Israel attacking Lebanon’s Hezbollah.On the Multi Commodity Exchange (MCX), gold futures (June 5) fell as much as 0.74 per cent or Rs 1,129 to Rs 1,50,647, hitting an intraday low at around 10:40 AM. The yellow metal was later trading at Rs 1,51,113, down Rs 663 or 0.44 per cent. It touched an intraday high of Rs 1,51,452.Meanwhile, silver futures (May 5) also witnessed s…
Latest US–Iran News & Updates
New Delhi, March 9 (IANS) A sustained rise in crude oil prices due to the US-Iran war will benefit upstream oil exploration companies, energy infrastructure companies and select refineries while pressuring oil‑sensitive sectors such as aviation, paints, tyres, chemicals and logistics, a report said on Monday.Apart from these sectors, the report from Axis Securities recommended overweight positions also in defence and infrastructure, adding that stocks in less oil-sensitive sectors such as bank…
New Delhi, Feb 26 (IANS) Gold and silver prices eased on Thursday, amid profit booking by investors, although rise in geopolitical tensions and decline in US dollar capped the slide.MCX gold April futures lost 0.25 per cent to Rs 1,60,741 per 10 grams on an intra-day basis. Meanwhile, MCX silver March futures declined 1.16 per cent to Rs 2,65,200 per kg.In the previous session, the MCX April gold contract and March silver contract had gained 0.74 per cent and 3 per cent, respectively, prompting …
New Delhi, Feb 25 (IANS) Gold and silver prices surged significantly on Wednesday, amid rise in global trade uncertainty, geopolitical tensions and decline in US dollar.MCX gold April futures gained 0.76 per cent to Rs 1,61,180 per 10 grams around 11.30 am on an intraday basis. Meanwhile MCX silver March futures gained 3.20 per cent to Rs 2,69,075 per kg.International gold prices including US futures also climbed as investors rushed for safe-haven buying amid persisting US-Iran tensions and unce…
Mumbai, Feb 25 (IANS) The Indian equity markets showed strong gains on Wednesday led by IT stocks, tracking an overnight recovery of tech stocks on Wall Street in the US.As of 9.30 am, Sensex added 559 points, or 0.69 per cent, to reach 82,785, and Nifty gained 157 points, or 0.62 per cent, at 25,582.Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 added 0.27 per cent, and the Nifty Smallcap 100 gained 0.46 per cent.All major sectoral indices traded in…
Mumbai, Feb 24 (IANS) Gold and silver prices retreated on Tuesday, amid uptick in US dollar and profit‑taking after huge gains in previous session.Investors weighed in tariff uncertainty and ongoing US-Iran peace talks which capped the decline in prices.MCX gold April futures dipped 0.58 per cent to Rs 1,60,664 per 10 grams around 10.50 am on an intraday basis. Meanwhile MCX silver March futures declined 0.33 per cent to Rs 2,64,450 per kg.On Comex, gold futures for April delivery fell 1.1 per…
Mumbai, Feb 20 (IANS) The Indian equity benchmarks posted strong gains on Friday, led by gains in metals and PSU bank stocks.At the closing bell, Sensex gained 316 points, or 0.38 per cent to settle at 82,814. Nifty added 116 points, or 0.46 per cent, to close at 25,571.Nifty Midcap 100 index performed in line with the benchmark as it gained 0.48 per cent, while the NSE Smallcap 100 declined 0.11 per cent. Nifty Next50 surged 0.62 per cent.Sectoral indices traded mostly in the green except Nifty…
Mumbai, Feb 20 (IANS) The Indian equity markets opened the last trading session of the week in red on Friday, extending sharp losses seen the previous day.As of 9.26 a.m., Sensex lost 154 points, or 0.19 per cent, to reach 82,343, and Nifty dipped 31 points, or 0.12 per cent, to settle at 25,423.Main broad-cap indices moved in opposite directions as the Nifty Midcap 100 lost 0.13 per cent, while the Nifty Smallcap 100 gained 0.13 per cent.Sectoral indices traded mostly in the green except Nifty …
Mumbai, Feb 18 (IANS) Gold and silver prices rose on Wednesday after two consecutive sessions of decline, amid renewed buying interest due to global macro-economic factors.Easing US-Iran tensions due to progress in negotiations and a firmer US dollar capped gains by weighing on safe-haven demand. Thin liquidity because of Lunar New Year holidays in several Asian markets also acted as headwinds on the rally, market participants said.MCX gold April futures gained 1.24 per cent to Rs 1,53,294 per 1…
Mumbai, Feb 5 (IANS) The Indian equity markets ended lower on Thursday breaking a three-day winning streak, as investors waited on the sidelines for clarity on global macro developments and trends in foreign institutional flows.At the closing bell, the Sensex lost 503 points, or 0.60 per cent to settle at 83,313. The Nifty declined 113 points, or 0.52 per cent, to close at 25,642.The broader markets posted strong losses as Nifty Midcap 100 index lost 0.28 per cent, while the NSE Smallcap 100 she…