On Tuesday, the price of ten grammes of 24-carat gold fell by Rs 1,280 to Rs 51,510, while the price of one kilogramme of silver fell by Rs 800 to Rs 62,700 per kilogramme. According to the Goodreturns website, the price of 10 grammes of 22-carat gold has dropped by Rs 1,190, and the precious […]
Commodities
Global oil prices fall most in 2 years as UAE supports output hike
Global oil prices fell on Wednesday by the most in nearly two years after OPEC member the United Arab Emirates said it supported pumping more oil into a market roiled by supply disruptions due to sanctions on Russia after it invaded Ukraine. Brent crude futures settled down $16.84, or 13.2%, at $111.14 a barrel, their biggest […]
Gold trading at Rs 53,890 per 10 gram; silver at Rs 71,000 per kg
Ten grams of 24-carat gold is selling at Rs 53,890 on Tuesday, increasing by Rs 1,090 from the last trading session as investor fears grow worldwide over inflation and slowing economic growth due to the war in Ukraine. Ten grams of 22-carat gold is selling at Rs 49,400, increasing by Rs 1,000 from Monday. One […]
Gold trading at Rs 51,600 per 10 gm today; silver is at Rs 67,300/kg
Ten grams of 24-carat gold is selling at Rs 51,600 on Friday, down Rs 440 since the last trade as demand fell for the safe-haven bullion. Ten grams of 22-carat gold is selling at Rs 47,300, down Rs 400 from Thursday according to the Goodreturns website. One kg of silver is selling at Rs 67,300, up to Rs 100 […]
Silver prices marginally up amid lackluster movement in gold, firm dollar; support at Rs 61,400
By Administrator_India Capital Sands Silver prices were moderately higher on August 24 tracking subdued movement in gold and firm dollar. The precious metal had increased 2.4 percent yesterday on the COMEX. The white metal pared losses and turned into the green after a gap-down start in the afternoon session, tracking the muted overseas cues. The […]
Gold ETFs see first outflows in eight months, Rs 61.5 cr pulled out in July
By Administrator_India Capital Sands Investors have pulled out money from gold exchange traded funds (ETFs) after the gap of eight months amid renewed optimism over the economic recovery and improvement in vaccination rate. Fall of gold prices in the last few months have also fueled investors to look at other asset classes such as debt […]
Crude oil price rises for third successive day on improved risk sentiment
By Administrator_India Capital Sands Crude oil prices continued uptrend for the third day and recovered losses suffered earlier in the week on improved risk sentiment and the prospect of a slowdown in shale activity in the US. However, the rising COVID cases of Delta variant may impact fuel demand. The energy commodity recouped earlier loss […]
Gold Breaks $1,800 Again as Traders Await Steer From Fed Minutes
By Administrator_India Capital Sands Gold climbed above $1,800 an ounce again as investors took a risk-off turn before the release of Federal Reserve meeting notes that should bring fresh insight on U.S. monetary policy. Minutes from the Fed’s June gathering will be combed for more clues on the bank’s thinking around rates, bond-purchasing and the […]
Oil drifts near 2018 highs ahead of OPEC+ meeting
By Administrator_India Capital Sands Oil prices hit and then recoiled from highs last seen in October 2018 on Monday as investors eyed the outcome of this week’s OPEC+ as the United States and Iran wrangle over the revival of a nuclear deal, delaying a surge in Iranian oil exports. Brent crude for August had slipped 16 […]
Oil holds near multi-year highs amid demand recovery
By Administrator_India Capital Sands Oil prices held near multi-year highs on Monday, underpinned by an improved outlook for demand as increased COVID-19 vaccinations help lift travel curbs. Brent crude was up 14 cents, or 0.2%, at $72.83 by 0123 GMT. It rose 1.1% last week and hit the highest since May 2019 of $73.09 on Friday. […]