Over the past many days the market has been trying to cope up with acute volatility and the trend is likely to continue. On the back of this volatility, experts advice commodity bets that can help you secure gains. Gold With uncertainty over European economic conditions continuing, Reena Walia, senior research analyst – international commodities [...]
The US market closed high in a volatile trade on Monday. The Dow soared 2.53% rallying above the psychologically-important 11,000 level. As far as S&P is concerned, Tom Dorsey, founder and president at Dorsey Wright & Associates, told CNBC-18 that S&P is likely to see a bottom at 1100, which however, may not be a [...]
Gold has been down 10% in the past week and is at an 8-week low today. Given this, what is your outlook for gold prices and do you see gold near $2000 per ounce in the near to medium term? We have discussed before that gold has been up 10 years in a row, which [...]
After climbing to the all-time high of Rs 28,145 mark earlier this week, gold prices witnessed the biggest one-day drop of Rs 1,840 here today on frantic selling by investors, marring its image as hedge against volatility. The steep fall followed trends in global market. In London, the precious metal fell by 3.1% to USD [...]
Gold climbed to an all-time high of Rs 28,150 per 10 grams in the national capital today, posting its biggest-ever single day gain of Rs 1,310 amid frantic buying triggered by robust demand in global markets. The trading sentiment at home was bolstered by gold’s ascent to a record level in overseas markets as mounting [...]
India’s benchmark gold futures on the Multi Commodity Exchange extended gains by more than 1 percent on Friday morning and hit a new peak of 27,500 rupees per 10 grams, tailing a rally in the world market. The October contract rose 1.07 percent to 27,464 rupees at 0434 GMT. It has risen nearly 17 percent [...]
Gold prices today surged further by Rs 430 to touch an all-time high of Rs 26,680 per 10 grams here, tracking firm trends in the global markets where adverse economic conditions boosted the metal’s appeal as a protection of wealth. The metal surpassed its previous record of Rs Rs 26,490 set on August 11. Gold [...]
Country’s benchmark gold futures on the Multi Commodity Exchange extended gains by more than 3 per cent on Tuesday morning and hit a new peak of Rs 26,198 per 10 grams, tailing a rally in the world market and on a weak rupee. The October contract was trading 3.16 per cent higher at Rs 26,041. [...]
As overseas gold inflated to USD 1,702.48/oz, the yellow metal on MCX hit a record high of Rs 25,180/10 gm on opening of Multi Commodity Exchange (MCX) Monday session. Overseas gold shot up to USD 1,702.48/oz. Prices in London spot shot up amid global economic turmoil and financial on safe haven buying. Gold rallied up [...]
India gold futures are likely to fall further this week, extending losses from their lowest level in more than a month, weighed down by a strong dollar, dimming the yellow metal’s appeal as an alternative investment, analysts said. At 12:50 p.m., the most-active gold for August delivery on the Multi Commodity Exchange (MCX) edged up [...]
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