Category: MCX

Commodity outlook: How oil, gold, base metals and agri commodities may trade in Tuesday’s session

Source: NEW DELHI: Gold prices slipped in futures trade on Tuesday, tracking the trend in overseas markets, while a fall in spot demand also weighed on.  The yellow metal ticked lower in global markets as the dollar held near multi-week highs on reduced expectations of an aggressive rate cut by the US Fed.  Oil

Sentiment in gold market to remain dull

Source: Hyderabad: Amidst clouds of uncertainty over China trade disputes, North Korea puzzle and economic sanctions on Iran, the New York gold remained volatile. The yellow metal finally closed at $1,398.71 (per Ounce). Silver followed suit and closed at $14.99 (per Ounce). Crude oil closed at Rs 3,933, platinum and palladium closed at $804

Gold prices shoot up today amid safe-haven buying

Source: A weak US dollar and safe-haven demand sent gold prices sharply higher today in global markets, including India. Spot gold rose 1.1% at $1,433.50 per ounce, the highest in a week. Back in India, on MCX, gold futures for August delivery were up 1.1% to ₹34,416. Similarly, the October futures contracts were trading

MCX completes first physical delivery of Nickel June contract

Source: MCXNSE 1.70 % has seamlessly completed the first physical delivery of its Nickel June 2019 contract. A settlement has been concluded today for a quantity of 85.50 MT (metric tonne). With delivery based Nickel futures now available, its stakeholders, primarily importers, exporters, SMEs, processors including stockists among others, can now use such risk

Gold prices drop marginally

Source: Hyderabad: Amidst positive signals for the amicable solution to the ongoing trade war between the USA and China, Gold closed at $1,412.50 (per oz), while Silver (0.999) closed at $15.36. Other economic parameters, including crude oil, moved northward. Crude oil closed at Rs 4,098 while Brent closed at $67.08 (per barrel). Platinum and