Spot gold was steady at $1,907.54 per ounce by 0048 GMT. Last week, gold prices hit their highest since Jan. 8 at$1,912.50. U.S. gold futures edged 0.3% higher to $1,910.60 per ounce.

NEW DELHI: Gold rose by Rs 195 to Rs 48,608 per 10 gram in the national capital on Monday following a gain in the precious metal prices, according to HDFC Securities. In the previous trade, it had closed at Rs 48,413 per 10 gram. Silver dipped marginally by Rs 15 to Rs 70,521 per kilogram from Rs 70,536 per kilogram in the previous trade. "Spot gold prices for 24 carats in Delhi rose by Rs 195 with strong COMEX (New York-based commodities exchange) gold prices," according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel. In the international market, gold was trading with gains at USD 1,905 per ounce and silver was flat at USD 27.95 per ounce.

NEW DELHI: Crude oil prices rose by Rs 29 to Rs 4,884 per barrel on Monday as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for the June delivery traded higher by Rs 29, or 0.6 per cent, at Rs 4,884 per barrel in 8,662 lots. Analysts said raising of bets by participants kept crude oil prices higher in the futures trade. Globally, West Texas Intermediate crude oil gained 1.24 per cent to USD 67.14 per barrel, while Brent crude traded 1.21 per cent higher at USD 69.55 per barrel in New York.

On the Multi Commodity Exchange, copper contracts for delivery in June traded higher by Rs 5.10, or 0.67 per cent, at Rs 771.60 per kg in a business turnover of 4,059 lots.

"The dollar is staying weaker, that's fairly supportive. Gold bulls now have their eyes set on $2,000, and most are thinking it's going to go quite a lot higher," said Stephen Innes, managing partner at SPI Asset Management.

By Tapan Patel Commodity prices traded mixed on Monday, after trading higher in the previous session. On Friday, bullion prices extended weekly gains after witnessing a minor correction in the mid-week. Base metals complex edged higher recovering from the recent lows on higher demand optimism. Crude oil prices rallied by more than 4 per cent following strong US economic data. Here is a look at how different commodities are behaving in today’s market. Outlook: Bullion Bullion prices traded weak on Friday with spot gold price at COMEX was trading near $1893 per ounce while spot silver price at COMEX was trading 0.36 per cent lower at $27.73 per ounce in the morning trade. Precious metals traded higher as gold reported its fourth straight weekly gain and reporting the best month in 10. Bullion prices extended rally after US inflation data beat expectations and expanded Fed balance sheet. The 10-year US Treasury yields dropped to 1.58 per cent boosting buying in precious metals. We...

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Gold futures on MCX were up by 0.35 per cent or Rs 173 at Rs 49,323 per 10 grams. Silver futures rose by 0.58 per cent or Rs 414 to Rs 72,025 per kg.

Gold prices held firm above the key $1,900-level on Monday after US consumer prices rose more than expected in April and supported the metal as an inflation hedge. FUNDAMENTALS Spot gold was steady at $1,903.25 per ounce by 0036 GMT. US gold futures edged 0.1% higher to $1,907 per ounce. US consumer prices surged in April, with a measure of underlying inflation blowing past the Federal Reserve's 2% target and posting its largest annual gain since 1992. The US 10-year Treasury yield fell to 1.593%, reducing the opportunity cost of holding non-interest bearing gold.

SINGAPORE: Oil prices climbed in early Asian trade on Monday, underpinned by the bright outlook for fuel demand growth in the next quarter, while investors looked ahead to the OPEC+ meeting this week for supply guidance. Brent crude futures for August nudged up 7 cents, or 0.1 per cent, to $68.79 a barrel by 0038 GMT after settling at their highest in two years on Friday. U.S. West Texas Intermediate crude for July was at $66.45 a barrel, up 13 cents, or 0.2 per cent. Both contracts are on track for a second monthly gain as analysts expect oil demand growth to outstrip supply despite the possible return of Iranian crude and condensate exports. Iran has been in talks with world powers since April working on steps that Tehran and Washington must take on sanctions and nuclear activities to return to full compliance with the 2015 nuclear pact. "We see demand outstripping supply in the order of 650,000 barrels per day and 950,000 bpd in Q3 and Q4 respectively," ANZ analysts...

LONDON: Copper slipped on Thursday after briefly punching above the $10,000 level, last broken a decade ago, as speculators locked in profits amid worries about industrial demand. Three-month copper on the London Metal Exchange touched $10,008 a tonne before retreating 0.3% to $9,847 a tonne by 1400 GMT. The last time copper rose above $10,000 was in February 2011, when it touched a record of $10,190. Copper and other financial markets got a boost after the U.S. Federal Reserve said on Wednesday it was too early to consider rolling back its emergency pandemic support. But the market was vulnerable from the weight of bullish investors piling in, said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen. "The two major risks that the market carries right now is that technically it is looking pretty overbought and also curbing demand from these price rises, especially in China, may take some sting out of the rally."

Domestic gold prices reversed initial gains to ease below the Rs 46,900 per 10 grams mark as the dollar gained after the US central bank maintained a status quo on policy rates. The Federal Reserve said it was too early to consider tapering asset buys to support the pandemic-hit economy. MCX gold futures for delivery on June 4 eased by Rs 228, or 0.48 per cent, to Rs 46,865 per 10 grams at the last count, having slumped to as low as Rs 46,860 earlier on Thursday, reversing direction from an intraday high of Rs 47,299. The contract had settled at Rs 47,093 per 10 grams on Wednesday.

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By Eric Onstad LONDON: Copper clawed higher on Thursday to just below the key $10,000 level, emboldened by promises from the U.S. central bank to keep stimulus taps flowing and interest rates low. The U.S. Federal Reserve said on Wednesday it was too early to consider rolling back its emergency support amid the coronavirus pandemic. Three-month copper on the London Metal Exchange had gained 1% to $9,977 a tonne by 0920 GMT, having risen to as high as $9,999.50 a tonne earlier in the session. The last time copper rose above $10,000 was in February 2011, when it touched an all-time record of $10,190. "It's just a question of time that we have another go at that magical, psychological level and then that will open up an attempt to reach the record highs from 2011," said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen.

NEW DELHI: Copper prices on Thursday traded up 0.53 per cent at Rs 765.60 per kg in the futures market on the back of a pickup in spot demand. On the Multi Commodity Exchange, copper contracts for delivery in May traded higher by Rs 4, or 0.53 per cent, at Rs 765.60 per kg in a business turnover of 4,299 lots. Analysts attributed the rise in copper prices to the raising of bets by participants driven by the pickup in spot demand.

NEW DELHI: Crude oil prices on Thursday fell by Rs 20 to Rs 4,758 per barrel after participants reduced their positions. On the Multi Commodity Exchange, crude oil for May delivery dropped by Rs 20, or 0.42 per cent, to Rs 4,758 per barrel with a business volume of 7,223 lots. Analysts said the fall in crude oil futures was mostly due to trimming of positions by traders amid weak spot demand. However, globally, West Texas Intermediate crude oil was trading 0.30 per cent higher at USD 64.05 per barrel. Meanwhile, Brent Crude, the international benchmark, gained 0.37 per cent to trade at USD 67.52 per barrel in New York.

NEW DELHI: Soybean prices on Thursday rose by Rs 41 to Rs 7,036 per quintal in the futures market as traders created fresh positions tracking positive spot demand. On the National Commodity and Derivatives Exchange, soybean for the May delivery rose by Rs 41, or 0.59 per cent, to Rs 7,036 per quintal with an open interest of 75,350 lots. Marketmen said raising of fresh positions by speculators on the back of higher demand mainly led to rise in soybean prices.

By Dhwani Pandya and Debjit Chakraborty Oil refiners in virus-battered India may decide to ramp up fuel exports as lockdowns across the country cut into local consumption, while a recovery in global demand lifts profits from potential overseas sales. State-owned

By Tapan Patel Commodity prices traded steady on Thursday, after trading mixed in the previous session. On Wednesday, bullion prices witnessed decline ahead of the US FOMC meet while crude oil prices traded higher on expectations of higher demand despite an ease in OPEC output cuts. Base metals traded under pressure except Nickel on a firm dollar. Here is a look at how different commodities are behaving in today’s market. Outlook: BullionBullion prices traded firm with spot gold prices at COMEX trading near $1,785 per ounce, while spot silver prices were trading over half a percent up near $26.34 per ounce in the morning trade. Bullion prices gained on dovish Fed outlook with no hurry in curbing emergency support. Gold prices recovered on dollar decline followed by another stimulus from the Biden administration. US President Joe Biden unveiled a new $1.8 trillion stimulus which boosted buying in gold on expanding the Fed balance sheet. We expect bullion prices to trade sideways...

After a record-breaking rally last year, gold has lost momentum amid optimism over economies reopening and vaccine rollouts, with the advancing dollar and rising bond yields denting demand for bullion. In India, prices are down more than 15% from a record high in August.

Gold prices during the quarter softened to by 4.21 per cent to around USD 1,795 an ounce compared to USD 1,874 in the October-December 2020. However, year-on-year gold price stood at around USD 1,583 during January-March, up 13.32 per cent.

LONDON: Copper paused near 10-year highs on Wednesday ahead of a policy announcement by the U.S. Federal Reserve, but analysts at Goldman Sachs joined others predicting a rally to record levels. Benchmark copper on the London Metal Exchange (LME) was up 0.3 per cent at $9,884.50 a tonne at 1637 GMT after reaching $9,965 on Tuesday, the highest since 2011. Prices have more than doubled since March 2020 as the world economy rebounds and the shift to greener, more copper-intensive energy raises the prospect of supply shortages. "It is only a question of time before it exceeds the psychologically important $10,000 mark," said Commerzbank analyst Daniel Briesemann, adding that the all-time high of $10,190 would be likely be breached shortly afterwards. But he said the rally looked overstretched and a sharp correction was likely before copper rises further in the years ahead. GOLDMAN: Goldman Sachs forecast copper would average $9,675 a tonne in 2021, $11,875 a tonne in 2022...

Gold futures on MCX were up 0.34 per cent or Rs 160 at Rs 47,253 per 10 grams. Silver futures rose 1.01 per cent or Rs 696 to Rs 69,739 per kg.