According to Geojit , Weakness was witnessed in NCDEX spices complex on Monday with coriander shedding more than three per cent.
Brent crude futures fell 2 cents to $78.10 a barrel at 0018 GMT. West Texas Intermediate U.S. crude gained 8 cents, or 0.1%, to $72.89.
Copper trades at 3-week highs. Copper price to surge to record high this year, Trafigura forecasts. Watch Commodities with Manisha Gupta only on Moneycontrol.
According to Geojit , Mixed moves continued in NCDEX spices complex. On Friday, jeera futures ended marginally up on firm demand and concerns over crop quality after unseasonal rains in Gujarat.
Risk off has returned with fresh concerns about Deutsche Bank. Also, the US probe on whether financial professionals at UBS and Credit Suisse helped Russian oligarchs circumvent sanctions will add to the uncertainty and keep investor confidence fragile
Impact on Gold : MF Investment to with less than 35% equity investment to be deemed to be STCG. This will apply to investments made after 1st April 2023. Catch the latest in commodities with Manisha Gupta.
According to Geojit , Jeera and coriander futures ended down on Thursday, while turmeric futures rose on NCDEX. Profit booking was witnessed in jeera futures after the recent rise.
Asian currencies rise sharply in comparison with DXY. Korean Won up by 2.3% in comparison with USD. US Fed hikes rates by 25bps, indicates less policy tightening ahead. Catch the latest in commodities with Manisha Gupta.
Brent crude futures fell 80 cents, or 1%, to $75.89 a barrel by 00:09 GMT, while U.S. West Texas Intermediate crude (WTI) dropped 84 cents, or 1.2%, to $70.06.
India buys gold on Gudi Padwa as prices come off Rs 2000/10gms in 2 days. Thinking of gold as an investment option? What are the ways to buy? Catch the latest in commodities with Manisha Gupta.
According to Geojit , Barring dhaniya other spices were up on NCDEX on Tuesday. Dhaniya futures came under profit booking after the recent rise.
Manoj Kumar Jain, Prithvi Finmart Commodity Research suggests buying gold above Rs 58600 with a stop loss of Rs 58380 for target of Rs 59000.
Brent futures, which have risen more than 3% this week, were down 48 cents, or 0.6%, at $74.84 a barrel at 0203 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 47 cents, or 0.7%, at $69.20.
Gold, known as the ‘safe haven’ of investments, jumped above Rs 60,000 per 10 gm in India, making a record high. Despite banking woes in the US, gold futures gained more than 1.5 percent to Rs 60,299 per 10 grams on March 20. But why are gold prices skyrocketing? Should you buy more gold or sell? What are the support levels for gold? Listen in as Manisha Gupta & Arushi Jain decode in the podcast.
Rain hits parts of Delhi, Punjab, Madhya Pradesh, West Bengal and the northeast. Unseasonal rains have damaged crops. Watch Commodities with Manisha Gupta only on Moneycontrol.
Saumil Gandhi, Senior Analyst (Commodities), HDFC Securities expects gold prices to consolidate in upper range with positive bias before the Fed policy outcome.
According to Geojit , Mixed moves were witnessed in NCDEX spices complex on Monday. Jeera futures pared initial gains on rising arrivals in the spot market, while coriander and turmeric futures inched up on firm demand.
Brent crude futures for May settlement gained 5 cents and traded at $73.84 per barrel by 0049 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 9 cents to $67.73 a barrel. In the previous session, both Brent and WTI fell about $3 a barrel before settling higher.
It's a global gold high! Gold Prices are at an all-time high in India, Australia & UK. In the US the gold prices are at an 11-month high. In India Gold is at Rs. 59,500 per 10 grams. Should you sell? Watch Commodities live with Manisha Gupta.
Prathamesh Mallya of Angel One expects gold to trade higher towards Rs 60150 levels, a break of which could prompt the price to move higher to Rs 60790 levels.
According to Geojit , Spices complex on NCDEX traded steady to weak on Thursday. Rising arrivals in the spot market maintained downward pressure on coriander and turmeric futures.
Brent crude futures rose 35 cents, or 0.5%, to $73.32 a barrel by 0007 GMT after a near 12% loss last week, its biggest weekly fall since December.
Market sentiments remain fragile as the fears of a financial crisis are still far from being contained yet and hence volatile moves cannot be ruled out.
West Texas Intermediate futures edged toward $69 a barrel on Friday, but are still down about 10% for the week. OPEC+ chiefs from Saudi Arabia and Russia met in Riyadh on Thursday, and discussed efforts by the group to “promote market balance and stability.”
According to Geojit , Spices complex on NCDEX traded steady to weak on Thursday. Rising arrivals in the spot market maintained downward pressure on coriander and turmeric futures.