Commodity Watch
Gold hits another record for third day; silver rates climb Rs 500
Gold prices advanced to yet another record high -- for the third straight day on Friday -- rising Rs 50 in the national capital on the back of continued buying by jewellers
A Bright future ahead: India’s ferro alloys sector embraces transformation
The Indian Ferro Alloys and Producers' Association hosted the 4th International Ferro Alloys Conference, featuring over 550 delegates and insights from more than 30 industry experts. The event highlighted the critical role of ferro alloys in India's steel industry and addressed challenges like high power tariffs and ore shortages, urging collaboration for future growth.
Gold Price Today: Gold gains Rs 1,900/10 gm in 1 week; silver surges by Rs 2,350/kg
In the last one week, gold prices have surged by Rs 1,900 per 10 gram while silver rose Rs 2,350/kg in the same time.
Gold holds steady with spotlight on key US inflation data
Gold prices remained steady after reaching a record high, driven by expectations of another U.S. interest rate cut and safe-haven demand. Investors are now awaiting key inflation data for further direction. Meanwhile, silver prices dipped slightly after hitting a 12-year peak, and platinum and palladium showed minor fluctuations.
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Gold Price Today: Gold flat at Rs 75,290/10 gm; silver opens at Rs 92,190/kg Gold hovers near record high as Fed's Powell grabs limelight Brent slips 4% to below $71/bbl on prospects of lower Saudi Arabia price target Gold Price Today: Yellow metal at new all-time high, touches 76k mark Gold stays near record high on MidEast risks, softer dollar Oil prices steady as China stimulus hopes fade, U.S. crude stockpiles fall Gold remains flat at Rs 76,950 per 10 gram
Oil prices fall as expectations of higher supplies hammer market sentiment
Oil prices have fallen for a third consecutive day, driven by expectations of increased supplies from Libya and the OPEC+ group. Brent crude futures dropped to $71.03 per barrel, while U.S. West Texas Intermediate crude fell to $67.09 a barrel. The market is cautious about global oil balances in 2025.
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Gold prices remained steady after reaching a record high, driven by expectations of another U.S. interest rate cut and safe-haven demand. Investors are now awaiting key inflation data for further direction. Meanwhile, silver prices dipped slightly after hitting a 12-year peak, and platinum and palladium showed minor fluctuations.
Oil prices attempted to stabilize in early trade on Thursday after a sell-off, with Brent crude futures rising slightly. OPEC+ is considering delaying its planned output increase due to weak demand and an end to a dispute halting Libyan exports. U.S. crude oil inventories fell last week, according to API figures.
London copper prices hit a five-week low due to a strong dollar and weak physical demand, affecting LME and SHFE markets.
Price formed a peak in January 2022 and has been forming lower highs thereafter However, the level of 6500 has acted as strong support and the price has bounced off it twice in as many years. Price has formed a lower high and is now testing the support from a trendline.
Oil prices attempted to stabilize in early trade on Thursday after a sell-off, with Brent crude futures rising slightly. OPEC+ is considering delaying its planned output increase due to weak demand and an end to a dispute halting Libyan exports. U.S. crude oil inventories fell last week, according to API figures.
Extending the losses for the second straight session, gold and silver prices slumped in the national capital on Thursday in line with weak trends in the global markets. According to HDFC Securities, gold prices declined Rs 50 to Rs 72,250 per 10 grams in Delhi. It had settled at Rs 72,300 per 10 grams in the previous session.
Analysts said record rally in ICE Cotton prices, falling global cotton stocks, lower Indian cotton crop/stock revision by USDA & CAI, retrenched selling by farmers and strong demand by domestic millers had lifted domestic cotton futures to record high level last week.
Oil prices attempted to stabilize in early trade on Thursday after a sell-off, with Brent crude futures rising slightly. OPEC+ is considering delaying its planned output increase due to weak demand and an end to a dispute halting Libyan exports. U.S. crude oil inventories fell last week, according to API figures.