PRECIOUS METALS: Gold rose more than 1 percent on Monday, extending gains as geopolitical risks drove investors to safe-haven assets after the metal’s third-straight weekly decline Saudi Arabia’s future king, Crown Prince Mohammed bin Salman, tightened his grip on power through an anti-corruption purge by arresting royals, ministers and investors including billionaire Alwaleed bin Talal […]
LME Aluminium futures jumped to 5- year highs in last week of Oct 2017, breaking above USD 2,200 per tone levels amid a highly healthy scenario for global demand. The metal has been rising in tune with Copper of late. Copper hit 3½ year high and Zinc tested 10-year high. Prices surged in spite of […]
COMEX Copper eased today as a drop from 3½ year highs extended on profit selling. US dollar strength is emerging as a key factor for weakness in metals, while traders took profits after the huge surge in copper in last few weeks. US dollar soared to the 3-month high near 95 marks and COMEX Copper […]
Oil markets jumped on Monday morning hours on concerns over potential renewed U.S sanctions against Iran and conflict in Iraq. Crude oil rose Rs 48 to Rs 3,358 /barrel at the futures market today, since speculators indulge in generating speculative positions, taking positive cues from Asian markets. Brent crude futures were at USD 57.82, up […]
Price of Gold glided lower by Rs. 33 to Rs. 29,781 /10 grams in futures trade Friday, due to participant’s lightened positions to book profits at the current higher levels.
In futures trade, gold for delivery in December was trading down by Rs 33, or 0.11%, at Rs 29,781 /10 grams at the MCX with a business turnover of 258 lots. The Gold for delivery in February drifted by Rs 24, or 0.08%, to Rs 29,870 /10 grams in 7 lots.
Meantime, silver prices dropped by Rs 62 to Rs 40,290 /kg in futures trade today, amid profit-booking by speculators. Silver for delivery in Dec was being traded lower by Rs, 62 or 0.15% to Rs 40,290 /kg in a business turn-over of 244 lots at MCX.
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