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.
Wed, Mar 31, 2021
Gold Price Today 31-03-2021: Gold prices slipped nearly 2 per cent on Tuesday as US Dollar gained strength coupled with higher Treasury yields. Hopes for a faster US economic recovery is dampening the demand for safe-haven bullion, a Motilal Oswal report says
Gold, Silver Prices Today: Commodity markets such as Gold, Silver and crude continue to be volatile. Whereas crude oil grew today by around 5 per cent amid OPEC (Organization of the Petroleum Exporting Countries) meet, Gold and Silver prices extended weakness intraday.
CapitalVia Global Research highlights the Weekly Technical View on Individual Commodities like Gold and Silver. Detailed analysis will help traders and investors to understand the levels of both these commodities.
Tue, Mar 30, 2021
International Gold and Silver prices are trading with losses owing to stronger U.S. Treasury Yields and U.S. dollars. Rumors of lockdowns across Europe have taken a toll on the pace of economic recovery which could cap the downwards move. Technically, International Gold is trading with bearish momentum and breached the psychological levels of $1700. Support is at $1680-$1685 levels, which could be tested in the upcoming sessions
Gold Price Today 30-03-2021: The trend in Gold and Silver is of selling and any positive buying trend is expected to pick up from next week, Expert Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL Securities said. He said that the activity around the time of Holi is usually subdued
Fri, Mar 26, 2021
Gold Price Today 26-03-2021: Gold price today dipped Rs 159 and hit rs 44,701 per 10 gm at MCX (Multi Commodity Exchange). Silver price today went down Rs 345 and hit Rs 64,900 per kg at MCX.
Wed, Mar 24, 2021
Gold Price Today 24-03-2021: Gold and Silver futures gained and were trading in the positive zone around 6 pm on Wednesday. While April Gold Futures were up by Rs 82 or almost 0.2 percent from the previous closing price of Tuesday, May Silver Futures were up by Rs 335.
Tue, Mar 23, 2021
Gold Price Today 23-03-2021: Time to buy Gold and Silver is now as the bullion has fallen significantly from the highs of last year. Gold prices have fallen by almost Rs 12,000 from the lifetime highs of over Rs 56,000 per 10 gm which the yellow metal achieved in 2020. Meanwhile, Silver Futures too have fallen by as much after achieving life highs around Rs 78,000 per kg
CapitalVia Global Research highlights that the International Gold and Silver prices are trading on the weaker side owing to reports of strong U.S. Treasury Yields and U.S. dollar. Replacement of Turkey’s central bank head with a high interest rates critic has led to financial instability, resulting in the downfall of yellow metal. Technically, International Gold is traded with bearish momentum, where resistance is at $1755-$1745 levels. Prices are sustaining above support of $1720-$1725.
Mon, Mar 22, 2021
Gold prices fell more than 1% on Monday as investors chose the safety of the U.S. dollar and government bonds, spooked by Turkey`s abrupt decision to replace its central bank head with a critic of high interest rates.
Expert Anuj Gupta said that as the financial year is coming to a close, some profit booking is expected as investors and traders could do some selling to clear their account books. He told investors not to worry if there is some selling activity, instead they should continue holding Gold and Silver futures with a longer term perspective
Gold Price Today 22-03-2021: Gold price today shot up Rs 57 and hit Rs 45,008 per 10 gm at Multi Commodity Exchange (MCX).
Fri, Mar 19, 2021
Gold, Silver price: CapitalVia Investment Adviser says that the Gold Spot price is trading below $ 1740 levels, The Fed’s decisions, U.S. Treasury yields fell sharply, dragging down the U.S. Dollar, while driving up demand for dollar-denominated gold. Downside support is $ 1675- $ 1700 levels, Resistance is at $ 1755 - $ 1720 levels
Gold Price Today 19-03-2021: Gold price today rose Rs 130 and hit Rs 44,970 per 10 gm at MCX (Multi Commodity Exchange).
Thu, Mar 18, 2021
CapitalVia Global Research highlights the Weekly Technical View on Individual Commodities like Gold and Silver. Detailed analysis will help traders and investors to understand the levels of both these commodities. Gold Spot trading above $1745 levels, After the Fed’s decisions and commentary the U.S. Treasury yields fell sharply, dragging down the U.S. Dollar, this effect is driving up demand for dollar-denominated gold.
Wed, Mar 17, 2021
LBMA Gold Spot trading above $ 1730levels, The U.S. Federal Open Market Committee’s two-day meeting ends on Wednesday. The central bank is expected to reiterate its pledge to keep interest rates pinned near zero until the economy reaches full employment. Downside support is $ 1675- $ 1700 levels, Resistance is at $ 1741 - $ 1760 levels.
Tue, Mar 16, 2021
Gold Price Today 16-03-2021: Gold remained firm on Tuesday, refusing to slide down appreciably. While Gold Futures were trading almost flat from the Monday closing price at 5:30 pm on MCX, Silver futures were down by Rs 323 or 0.5 per cent around this time. Expert Anuj Gupta, says the outlook is positive for gold and silver in near term. This is what he suggested for investments in Gold and Silver
CapitalVia Global Research says that LBMA Gold Spot trading above $ 1730 levels, due to decline in U.S. treasury yields might be signaling that market participants are heeding to the Federal Reserve’s current monetary policy. This policy includes keeping interest rates between zero and 25 basis points likely into 2022. Downside support is $1675- $1700 levels, Resistance is at $1740 - $1760 levels.
Mon, Mar 15, 2021
Gold Price Today 12-03-2021: Gold and Silver started on a positive note on Monday after ending the previous week in the red. The Gold Futures were trading higher by Rs 81 or almost 0.2 per cent on MCX at 12:15 pm. Meanwhile, Silver futures were also expensive by Rs 120 or 0.2 per cent around this time. Expert Anuj Gupta, says the outlook is positive for gold and silver. This is what he suggests
CapitalVia Global Research highlights the Weekly Technical View on Individual Commodities like Gold and Silver. Detailed analysis will help traders and investors to understand the levels on both these commodities.
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