Commodity Talk: MOFSL expert explains why gold’s supply tightness in UK may not impact Indian yellow metal prices materially

Commodity Talk: MOFSL expert explains why gold’s supply tightness in UK may not impact Indian yellow metal prices materially

There was a premium arbitrage between COMEX and London, wherein market participants sold the COMEX futures and bought the London physical and to mature the COMEX future part, the London physical stocks were brought into the COMEX inventories, Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services (MOFSL) said. Those concerns have eased-off, … Read more

Commodity Talk: Will Trump tariff on steel, aluminium trigger dumping into India? Naveen Mathur of Anand Rathi explains

Commodity Talk: Will Trump tariff on steel, aluminium trigger dumping into India? Naveen Mathur of Anand Rathi explains

India is not a major exporter of metals to the US, but any global price shift would surely impact the domestic pricing also, said Naveen Mathur, Director-Commodities & Currencies, Anand Rathi Share & Stock Brokers. We may see a glut with respect to the oversupply, he opined highlighting that the other countries may start dumping … Read more

Gold, silver price today, September 26, 2024: Yellow metal records dip, silver trades higher on MCX

Gold, silver price today, September 26, 2024: Yellow metal records dip, silver trades higher on MCX

Precious metals showed mixed trends in the Indian markets today. Gold is trading on the lower side of the Multi Commodity Exchange (MCX) while silver prices have recorded a hike on Thursday, September 26. Gold futures, maturing on October 4, 2024, stood at Rs 75,234 per 10 grams, after recording a dip of Rs 79 … Read more

MCX revises futures & options transaction charges. New rates effective from October 1

MCX revises futures & options transaction charges. New rates effective from October 1

India’s largest non-agri commodity exchange the Multi Commodity Exchange of India (MCX) has revised transaction fees on futures and contracts effective from October 1, 2024. For futures contracts, the transaction fee will be Rs 2.10 per lakh of turnover value while for options contract, it will be Rs 41.80 per lakh of premium turnover value, … Read more

Gold, silver price today, July 25, 2024: Precious metals witness dip on MCX

Gold, silver price today, July 25, 2024: Precious metals witness dip on MCX

Both gold and silver prices recorded a dip on the Multi Commodity Exchange (MCX) on Thursday, July 25, 2024. Gold futures, maturing on August 5, 2024, stood at Rs 67,746 per 10 grams on the MCX, after recording a dip of Rs 1,206 or 1.75 per cent. The previous close was recorded at Rs 68,952. … Read more

Gold, silver price on June 5: Yellow metal prices inch higher after sell-off in last session

Gold, silver price on June 5: Yellow metal prices inch higher after sell-off in last session

Gold prices on the MCX hovered at Rs 72,077 per 10 grams on Wednesday, hitting an intraday low of Rs 71,811. In the international market, prices maintained a similar trend, hovering around $2,331.12 per ounce. This indicates a certain level of stability in the gold market. Meanwhile, silver hovered at Rs 89,799 per kg and … Read more

Gold prices back in limelight after mild correction

Gold prices back in limelight after mild correction

Spot gold tested a new lifetime high last week due to a combination of factors that have converged to propel the demand for the yellow metal. Multiple catalysts like US rate cut speculation, China’s economic stimulus, and renewed geopolitical tensions attributed to the rise in prices. Prices on the London spot market surged near to … Read more

Silver bullet for your investment woes! 11% returns in May outclass gold, Sensex, Bitcoin

Silver bullet for your investment woes! 11% returns in May outclass gold, Sensex, Bitcoin

In a volatile May when S&P BSE Sensex has slipped 566 points or 0.75%, silver has outsmarted not just the headline index but also its shinier peer gold, and Bitcoin. The white metal has jumped by nearly 11.29% or over Rs 9,580 per kg in this month so far as its industrial appeal returns along … Read more

Is the stock market closed tomorrow for Mumbai elections?

Is the stock market closed tomorrow for Mumbai elections?

Equity markets will remain closed on Monday on account of the Mumbai elections, according to the market holiday calendar of BSE. Accordingly, all the segments including, the equity segment, derivative segment, and SLB segment will be closed tomorrow. The Multi-Commodity Exchange (MCX) will remain closed for the morning session but will be open for the … Read more

Domestic copper at lifetime highs; factors affecting the price surge

Domestic copper at lifetime highs; factors affecting the price surge

A broad advance in industrial metals took domestic copper prices to record levels last week. A firm overseas market due to fresh Chinese stimulus measures, concerns over tightness in global mine supply, and hopes of strong green demand boosted prices. In the key domestic MCX futures, prices of copper are hovering near Rs 900 a … Read more