Gold price in the national capital declined Rs 408 to Rs 52,847 per 10 grams on Monday amid a fall in prices of precious metal in overseas markets, according to HDFC Securities. In the previous trade, the yellow metal had settled at Rs 53,255 per 10 grams. Silver also dropped by …
Gold declines Rs 408 to Rs 52,847 per 10 grams; silver drops Rs 594 Read More »
Oil prices dropped to their lowest since early January on Monday after the Wall Street Journal reported that Saudi Arabia and other OPEC oil producers are discussing an output increase. Brent crude futures for January had slipped $4.07, or 4.7%, to $83.55 a barrel by 1518 GMT. U.S. West Texas Intermediate (WTI) crude futures for …
Oil prices hit 10-month low on OPEC+ production boost report Read More »
The upcoming Union Budget 2023 should prioritise job creation and taxation measures which will help in increasing broad-based consumption, representatives from various industry bodies recommended to Finance Minister Nirmala Sitharaman and her team during their pre-budget consultations on Monday. The industry bodies said that there should be more focus on financing of …
Focus on job creation, capex boost, tax measures in Budget: Industry to FM Read More »
Silver prices have declined five per cent in the past week to $20.8 an ounce, heading south further from a five-month high of $21.7 witnessed on November 14. But prices of the metal, which have slipped 10.3 per cent year-to-date, will likely witness a bullish run as silver production has slipped into a deficit against …
Silver likely to turn bullish as market balance swings to deficit Read More »
Goldman Sachs on Sunday cut its fourth-quarter Brent oil price forecasts by $10 to $100 a barrel, citing factors including a likely hit to consumption from China‘s COVID case spike. But the investment bank said that the China concerns were “another speed bump on the road higher,” since the major consumer has indicated that this …
Goldman Sachs cuts 4Q oil forecast by $10/bbl on China ‘speed bump’ Read More »
Oil sank again following the biggest weekly decline since August as China tightened anti-Covid curbs, hurting the outlook for demand. Global benchmark Brent fell toward $87 a barrel after retreating by almost 9% last week. The country saw its first Covid-related death in almost six months on Saturday and another two were …
Oil prices sink as China’s tightening anti-Covid curbs hurt demand outlook Read More »
The continuous futures contract of cottonseed oilcake (COCUDAKL) on the National Commodity and Derivatives Exchange (NCDEX) could see a fresh fall from the current levels as it appears to have hit a roadblock. Although it has been on a rally since October this year after bouncing off ₹2,230, the broader trend remains bearish. By closing …
Gold prices ticked lower on Monday, after marking its worst week in five, pressured by a pop in the US dollar while traders awaited further cues on central banks’ interest rates strategy. The Fed at its December meeting is still expected to raise rates by half a percentage point, a view endorsed by other Fed …
Gold rate today: Yellow metal edges lower; silver slips below Rs 61,000 on MCX Read More »
Gold prices remained unchanged during Monday’s early trade with ten grams of 22 carat gold trading at Rs 48,600, according to GoodReturns website. Silver prices, however, dropped by Rs 400 from yesterday’s closing price with 1kg of silver selling at Rs 60,600. Ten grams of 24 carat gold was trading at Rs 53,020. …
Gold trading at Rs 53,020 per 10 grams, silver selling at Rs 60,600 per kg Read More »
Gold prices stalled around the $1,750 level on Monday, after marking its worst week in five, as traders awaited further cues on central banks’ interest rates strategy. FUNDAMENTALS * Spot gold was flat at $1,749.53 per ounce by 0044 GMT. U.S. gold futures also stalled around $1,751.90. * Bullion fell 1.2% in the week ending …
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