Silver :- Silver futures slid nearly one percent in American trade as the dollar index rose to the highest since July 20, following an array of data from the US the world's largest economy and after the European Central Bank's meeting and press conference led by President Mario Draghi. Earlier reports showed that current... Continue Reading →
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Oil prices were stable early on Tuesday, supported by a tightening market due to ongoing OPEC-led efforts to cut supplies, although the prospect of rising US shale output dragged. Brent crude futures, the international benchmark for oil prices, were at $60.84 per barrel at 0027 GMT. That was slightly below their last settlement, but... Continue Reading →
Gold : Gold futures tilted lower in American trade to a three-week low as the dollar index hit the highest since July 20, following a basket of data from the US the world's largest economy. Earlier reports showed that current Fed Chair Janet Yellen and former FOMC member Kevin Wares were put off the list... Continue Reading →
The Solvent Extractors’ Association of India (SEA) has requested the Centre to increase the import duty on edible oils as the prices of several oilseeds, including Groundnut and Soyabean, had tumbled below Minimum Support Price (MSP) levels owing to cheaper imports of edible oils. The demand for a hike in import duty comes in... Continue Reading →
Aluminium is taking its number one position in the base metals space and probably the best amongst the non agri commodities spectrum as supply concerns behind the rally shows no signs of easing of. On Thursday’s session, LME Aluminium touched $2215/t, highest since March 2012 while MCX prices hit nine year highs of Rs.142.6/kg as... Continue Reading →
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Gold and silver were trading in red in morning trade on Wednesday on account of subdued demand of precious metals by jewellers, industries and retailers amid firm equities market. MCX Gold futures were down 0.29 per cent, or Rs 86, at Rs 29455 per 10 gram around 10.55 am (IST), while MCX Silver futures were... Continue Reading →
Nifty Outlook Nifty traded on positive note today. Index gained strength and ended higher, with the Nifty trading above 10,200 level, backed by banks, metals and auto stocks. Nifty-50 futures ended higher and managed to close above 10200 level, We may see Nifty witnessing resistance around 10270 – 10310 level. Currently, Stock-specific approach will be... Continue Reading →
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