Commodity – TradenTalks

Gold prices are down Rs 270 per kg, while silver is up Rs 60,000 per kg

June 16, 2022 Administrator_IndiaCommodities, Gold, News, Price, Silver0 comment

On Thursday morning, gold prices in India fell by Rs 270 per gramme. After a Rs 250 drop, 10 gramme of 24-carat gold is trading at Rs 51,440, while 10 gramme of 22-carat gold is trading at Rs 47,150. The drop in gold prices comes after the US Federal Reserve raised interest rates for the first time since 1994 and warned of economic concerns. Silver, on the other hand, has seen a price increase. After a 200-rupee hike, 1 kilogramme of silver now costs Rs 60,000. The price of a…

Commodity

Today’s gold price is Rs 50,780 per 10 gramme, with silver at Rs 61,550 per kilogramme

May 18, 2022 Administrator_IndiaCommodities, Gold, Market, News, Silver0 comment

On Wednesday, the price of 10 grammes of 24-carat gold increased by Rs 330 to Rs 50,780. Simultaneously, the price of one kilogramme of silver jumped from Rs 2,160 to Rs 61,550. The price of 10 grammes of 22-carat gold climbed by Rs 300 from the previous day’s rate to Rs 46,550. In Delhi and Mumbai, the price of 10 grammes of 24-carat gold is the same as in Bengaluru, Hyderabad, and Kolkata, with the precious metal retailing for Rs 50,780 in these cities. The price of 10 grammes of…

Commodity

Oil drops $3 on positive signals from Russia-Ukraine peace talks

March 30, 2022 Administrator_IndiaOil, Russia, Ukraine, World0 comment

Oil prices dropped on Tuesday, extending losses from the previous day on signs of progress in talks between Russia and Ukraine to end their weeks-long conflict, with prices further pressured by China’s new lockdowns to curb the spread of the coronavirus. Brent crude fell $2.88, or 2.6%, to $109.61 a barrel by 11:07 a.m. ET (1507 GMT) and U.S. West Texas Intermediate (WTI) crude was down $2.94, or 2.8%, at $103.01. Each benchmark lost about 7% both earlier in the session as well as on Monday. Ukrainian and Russian negotiators…

Commodity

Crude oil tops $100 as Russian forces invade Ukraine; Gold prices rise sharply

February 24, 2022 Administrator_IndiaGold, Oil, Russia, Ukraine, World0 comment

Global crude oil and gold prices soared on February 24 after Russian President Vladimir Putin announced military action in Eastern Ukraine but iterated that he does not plan to occupy Ukraine. Russia’s action comes days after the country recognized the independence of two separatist regions in Easter Ukraine following a speech by Putin. Oil prices, which have been on the boil in recent weeks over the Ukraine-Russia war, soared past the $100 per barrel in Brent futures for the first time since 2014 as traders feared further sanctions that could…

Commodity

Saudis cut oil prices to woo buyers as OPEC+ boosts supply

September 6, 2021 Administrator_IndiaAsia, Oil, OPEC+0 comment

By Administrator_ India Capital Sands Saudi Arabia cut oil prices for sales to Asia next month by more than twice the expected amount in a sign the world’s largest crude exporter wants to entice buyers to take more of its barrels. State producer Saudi Aramco is rolling back pricing on all of its grades to its biggest market in Asia. Three successive months of increases in the company’s official selling prices had left refiners smarting as the coronavirus pandemic plays havoc with the recovery in energy demand. But with Brent crude up 40% this…

Commodity

Gold prices slip to over 4-month low on early US Fed tapering fears

August 10, 2021 Administrator_IndiaFED, Gold, USA0 comment

By Administrator_ India Capital Sands Gold slipped to a more than four-month low on Monday as solid U.S. jobs data stoked concerns of a sooner-than-expected interest rate hike, which could increase the opportunity cost of holding non-interest-bearing bullion. Spot gold fell 1.1% to $1,744.25 per ounce by 0616 GMT. In early Asia trade, prices slumped as much as 4.4% to $1,684.37, their lowest since March 31, triggered by some stop-loss selling. Trading was thin with Tokyo and Singapore on holiday. U.S. gold futures were down 1.1% at $1,744.50. The technical picture does not look good…

Commodity

Gold Up, Looks to End Week With Third Consecutive Weekly Gain

July 9, 2021 Administrator_IndiaGold, Silver, U.S. Treasury0 comment

By Administrator_India Capital Sands Gold was up on Friday morning in Asia and is set to end the week with its third consecutive weekly gain. A drop in U.S. Treasury yields also gave the safe-haven yellow metal a boost while the dollar, which usually moves inversely to gold, inched up on Friday but fell from three-month highs. Gold futures edged up 0.14% to $1802.75 by 12:53 AM ET (4:53 AM GMT), with prices rising 0.8% for the week to date. The European Central Bank set a new inflation target of 2% in the…

Commodity

Oil Up, OPEC+ Delays Meeting on Production Policy

June 30, 2021 Administrator_IndiaOil, OPEC+0 comment

By Administrator_ India Capital Sands Oil was up Wednesday morning in Asia after the OPEC+ delayed its meeting this week on production policy. Brent Oil Futures rose 0.61% to $74.73 by 10:39 PM ET (2:39 AM GMT) and Crude Oil WTI Futures jumped 0.69% to $73.48. U.S. crude oil supply data from the American Petroleum Institute showed a draw of 8.153 million for the week ending June 25. Forecasts prepared by Investing.com predicted a 4.460 million-barrel draw, while a 7.199 million-barrel draw was recorded during the previous week. Crude oil supply data from the U.S. Energy…

Commodity

Oil Holds Above $73 as Shrinking U.S. Stockpiles Tighten Market

June 24, 2021 Administrator_IndiaFuel, Oil, U.S. Crude, U.S. Stockpiles0 comment

By Administrator_ India Capital Sands Oil held above $73 a barrel as shrinking U.S. crude and fuel stockpiles added to bullish sentiment around the global demand recovery. Futures in New York were steady after rising 0.3% on Wednesday. Gasoline inventories unexpectedly slipped last week, while crude stockpiles fell for a fifth week, the longest run since January. The declines add to a tightening market as North America, China, and parts of Europe rebound from Covid-19. The recovery has accelerated as vaccinations are rolled out worldwide, boosting fuel consumption and helping to drain…