Thu, Jan 25, 2024
How are bullion, agricultural commodities, and industrial metals faring today? We bring you the latest updates from the world of commodities.
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Wed, Jan 24, 2024
Tue, Jan 23, 2024
Government has increased import duties on various precious metals and related products, effective January 22. Duties on gold and silver findings and coins were hiked from 10% to 15%, while spent catalysts used for extraction saw a rise to 14.35%. These adjustments align with previous silver duty increases from the 2023 budget and aim to regulate the import and taxation of precious metals in the country.
Mon, Jul 12, 2021
MCX August Gold Futures were trading at Rs 47,708 per 10 gm on Monday around this time, getting cheaper by Rs 215 or 0.45 per cent from the last closing price on Friday. His strategy for Monday is to Buy at Rs 47,500. He puts the stop loss at Rs 47,250. He puts the target price at Rs 47,950
Sun, Jul 11, 2021
Gold and Silver futures ended this week on a positive note with Gold futures closing with gains of Rs 189 per 10 gram from the closing price on Thursday while Silver futures were expensive by Rs 273 per kg. Expert Anuj Gupta, who is Vice President (VP), Commodity and Currency Research at IIFL Securities remains bullish on bullion and recommended buying in yellow metals
Thu, Jul 08, 2021
Gold and Silver futures were trading with strength on MCX on Thursday with August Gold Futures rising by Rs 232 while September Silver Futures gaining Rs 169 from last closing price on Wednesday. This was around 2:30 pm. Expert Anuj Gupta, of IIFL Securities said that he expects bullion to trade in a range for the entire day today
Wed, Jul 07, 2021
Gold Price Today July 7: Gold and Silver prices in Delhi’s markets may have become expensive as the bullion prices gain in the international markets. In Delhi, the price of 10 grams of gold costs Rs 47,800, which is up by Rs 200 from the last reporting price on Tuesday. Silver prices have also gone up by Rs 500 and it was available at Rs 70,500 per kg
Tue, Jul 06, 2021
Gold and Silver prices in Delhi’s markets may see some rise by evening today as the prices of bullion have seen a rebound over a couple of trading sessions in the international markets, Expert Anuj Gupta says. At 11 am today, the price of Gold in Delhi Markets was around Rs 47,500 per 10 gram while, silver was available at Rs 70,500 per kg, he adds
Mon, Jul 05, 2021
Gold and Silver futures were trading positively on Monday, carrying on from where they left on Friday. Around 1 pm today, August Gold futures were trading up by Rs 66 while the September Silver Futures were expensive by Rs 236. Expert Anuj Gupta expects MCX Gold and MCX silver futures to trade in a range throughout the day, today as the US Markets remain close
Sun, Jul 04, 2021
Weakness in Gold and Gold prices is expected to continue over the next week, Expert Anuj Gupta says adding that price movements will be in a rangebound manner. The August Gold Futures are expected to trade in the range between Rs 47,300 and Rs 46,600. Meanwhile, MCX September Silver Futures are expected trade in the range between Rs 71,000 and Rs 68,000
Thu, Jul 01, 2021
Expert Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL Securities said that the strategy for traders is still of selling as the weakness continues. The strength in US Dollars and the July’s US jobs data will be key triggers and one must keep an eye on these, he added
There have been some amendments in respect of the fixation of tariff value of edible oils, brass scrap, areca nut, gold and silver. The Central Board of Indirect Tax and Customs being satisfied by the fact that it is necessary to do so, have made certain amendments.
Wed, Jun 30, 2021
More bad news for traders of bullion as there could be a further correction in prices of gold, silver. Gold futures on Wednesday were trading around USD 1755 while Silver futures were trading around USD 25.70. There was a sharp decline in the prices of gold on Tuesday. Expert Anuj Gupta expects negative trends to continue that could lead to further correction in bullion prices over next 7-10 sessions
Tue, Jun 29, 2021
MCX August Gold Futures were trading at Rs 46,854 per 10 gm around this time, getting cheaper by Rs 154 or almost 0.3 per cent from the last closing price on Monday. His strategy for today is to Sell at Rs 47,000. He puts the stop loss at Rs 47,250. He puts the target price at Rs 46,600
Sun, Jun 27, 2021
The US Dollar continues to gain strength along with higher bond yields. These two are the major dampeners for price movements in gold. Apart from this a positive commentary on economy in the US is also favouring equity markets. That may cause some concern for Gold and Silver, Anug Gupta of IIFL Securities says
Thu, Jun 24, 2021
Gold continued its weakness on Thursday on the back of a stronger US Dollar. The sentiments around bullion are currently down and are likely to remain like this in the near term, Expert Anuj Gupta said. Gold and Silver Futures were trading lower from the last closing price on Wednesday and the movement is expected to remain muted today
Wed, Jun 23, 2021
The sentiments around bullion are mixed and are likely to remain like this in the near term, Expert Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL said. Gold Futures were trading slightly higher from the last closing price on Tuesday and the movement is expected to remain muted today on the intraday basis, Gupta said
Tue, Jun 22, 2021
June has been a good month for investors who have been planning to make fresh investments in yellow metal as the prices have come down appreciable this month not just in Gold but silver as well. A dip in prices is an opportunity for fresh moves in bullion, Expert Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL said
Mon, Jun 21, 2021
After falling to a two-month low during the previous week, Gold gained some strength on Monday. The international prices have dropped by over 6 per cent during the week ended 18 June. In domestic markets, Gold and silver futures were also trading with positivity taking cues from their global peers. MCX Gold Futures were up Rs 149 per 10 gram while MCX Silver Futures were up by Rs 170
Sun, Jun 20, 2021
The trend in bullion is expected to remain mixed over the next week, albeit with a downward bias Expert Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL said. He further said that the US Federal Reserve’s commentary on the interest rates has still not been fully accounted by the markets and that could keep gold and silver prices in an uncertain zone
Thu, Jun 17, 2021
Outlook for gold and silver appears weak in the near term and prices may slip further down Expert Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL Securities opines. The yellow metal fell over 1 per cent on Wednesday after US Federal Reserve indicated of twin interest rate hikes by 2023. This news did not go down well with the bullion market as prices fell steeply
Mon, Jun 14, 2021
Gold and Silver futures opened in the red on Monday as weakness in bullion continued in the third straight week. Amid strengthening US Dollar and the latest CPI inflation numbers, both Gold and Silver were on a weaker trajectory. Long-term investors planning to buy physical gold and silver have news to cheer about. There is a buying opportunity as the lower prices have started reflecting in the physical markets
Sun, Jun 13, 2021
Long term investors planning to buy physical gold and silver have a news to cheer about. Weakness in Gold continued for the second straight week as yellow metal closed negatively on Friday. There is a buying opportunity as the lower prices have started reflecting in the physical markets as well. This is what expert Anuj Gupta of IIFL Securities suggests
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