Brent crude oil futures were up 67 cents, or 1%, at $63.95 a barrel by 1221 GMT, while US crude oil futures gained 61 cents, or 1%, to $60.31 a barrel. Both contracts have recorded changes of less than 1% for four straight sessions.

NEW DELHI: Silver prices rose by Rs 310 to Rs 66,438 per kg in futures trade on Tuesday as participants widened their bets on a firm spot demand. On the Multi Commodity Exchange, silver contracts for May delivery gained Rs 310, or 0.47 per cent, to Rs 66,438 per kg in 9,365 lots. Analysts said the rise in silver prices was mostly due to fresh positions built by participants on a positive domestic trend. However, globally silver was trading 0.11 per cent lower at USD 24.84 per ounce in New York.

NEW DELHI: Gold dipped Rs 130 to Rs 46,093 per 10 gram in the national capital on Tuesday following a decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,223 per 10 gram. Silver also declined Rs 305 to Rs 66,040 per kilogram from Rs 66,345 per kilogram in the previous trade. In the international market, gold was trading lower at $1,726 per ounce and silver was flat at $24.89 per ounce.

NEW DELHI: Copper prices on Tuesday traded up 0.43 per cent at Rs 689.75 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 April traded higher by Rs 2.95, or 0.43 per cent, at Rs 689.75 per kg in a business turnover of 2,804 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 rose by Rs 59 to Rs 4,537 per barrel on Tuesday as participants widened their positions on firm spot demand. On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 59, or 1.32 per cent, at Rs 4,537 per barrel in 6,585 lots. Analysts said raising of bets by participants kept crude oil prices higher in futures trade. Globally, West Texas Intermediate crude oil gained 0.57 per cent to USD 60.04 per barrel, while Brent crude traded 0.63 per cent higher at USD 63.68 per barrel in New York.

The precious metals kept to choppy trading range with dollar fluctuations and marginal gains in US bond yields. Investors and traders bought safe haven assets on dollar debasement over inflation concerns.

Gold futures on MCX were up 0.11 per cent or Rs 50 at Rs 46,469 per 10 grams. Silver futures added 0.21 per cent or Rs 137 to Rs 66,265 per kg.

Gold slipped on Tuesday as firmer U.S. Treasury yields took some sheen off the yellow metal, with optimism about a quick economic rebound weighing on prices further. FUNDAMENTALS Spot gold fell 0.3% to $1,728.15 per ounce at 0122 GMT. U.S. gold futures were down 0.2% at $1,729.10 per ounce. Treasury yields in the United States have stayed marginally higher after a successful three-year note auction and ahead of important data releases this week, including consumer price inflation on Tuesday. Treasury sales of $271 billion in new debt and a key inflation report this week could put an end to the bond market's recent lull, reinvigorating a surge in yields. Higher bond yields increase the opportunity cost of holding bullion, which pays no return.

For NBFCs, the average portfolio LTV as on December 31, 2020, was 63-67%, while average LTV on incremental disbursements in the October-December 2020 quarter was 70%. Also interest receivables remaining are at just 2-4% of the loan book over the past few years.

Crude prices have remained rangebound in the past three weeks, as growing expectations of surging US economic activity are balanced by the slow rate of vaccination in Europe and anticipation of additional supply from Iran in coming months.

NEW DELHI: Copper futures on Monday slipped 0.92 per cent to Rs 683.50 per kg as participants cut their positions amid muted demand in the domestic market. On the Multi Commodity Exchange, copper contracts for April delivery eased by Rs 6.35, or 0.92 per cent, to Rs 683.50 per kg in a business turnover of 2,761 lots. Analysts said trimming of positions by speculators due to muted demand in the spot market mainly led to the fall in copper prices here.

NEW DELHI: Soybean prices on Monday went up by Rs 220 to Rs 6,800 per quintal in futures market as traders created fresh positions tracking positive spot demand. On the National Commodity and Derivatives Exchange, soybean for April delivery rose by Rs 220, or 3.34 per cent, to Rs 6,800 per quintal with an open interest of 20,955 lots. Likewise, Soybean for May delivery went up by Rs 204, or 3.16 per cent, to Rs 6,667 per quintal with an open interest of 1,15,075 lots. Marketmen said raising of fresh positions by speculators on the back of higher demand mainly led to rise in soybean prices.

NEW DELHI: Crude oil prices on Monday fell by Rs 5 to Rs 4,429 per barrel after the participants reduced their positions. On the Multi Commodity Exchange, crude oil for April delivery dropped by Rs 5, or 0.11 per cent, to Rs 4,429 per barrel with a business volume of 5,445 lots. Analysts said the fall in crude oil futures was mostly due to the trimming of positions by traders amid weak spot demand. Globally, West Texas Intermediate crude oil was trading 1.42 per cent lower at USD 59.07 per barrel. Meanwhile, Brent Crude, the international benchmark, dipped 1.44 per cent to trade at USD 62.67 per barrel in New York.

NEW DELHI: Gold prices on Monday rose by Rs 4 to Rs 46,597 per 10 gram in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 4, or 0.01 per cent, at Rs 46,597 per 10 gram in a business turnover of 11,865 lots. Fresh positions built up by participants led to the rise in gold prices, analysts said. However, Gold prices traded 0.26 per cent lower at USD 1,740.30 per ounce in New York.

NEW DELHI: Silver futures on Monday dropped Rs 98 to Rs 66,885 per kg as participants reduced their bets on low demand. On the Multi Commodity Exchange, silver contracts for May delivery tumbled by Rs 98, or 0.15 per cent, to Rs 66,885 per kg in a business turnover of 9,516 lots. Silver traded lower by 0.47 per cent at USD 25.21 per ounce in New York.

rubber for April delivery quoted 0.58 per cent lower at Rs 16,510 per 100 kilograms in afternoon deals, having moved within a Rs 287 range. The contract, due for delivery on April 30, quoted between Rs 16,413 and Rs 16,700 per 100 kg in the first half of the day amid thin trade, near its previous close of Rs 16,607. The MCX May contract traded Rs 186, or 1.11 per cent, lower at Rs 16,600. Analysts say concerns over demand for the commodity due to surging coronavirus infections may continue to keep its prices under pressure this week. "Rising cases of Covid-19 and the imposition of restrictions to control the pandemic are raising worries over demand. A decline in crude oil prices and the US-China trade issues too influenced the market sentiments," said Anu V Pai, research analyst at Kochi-based brokerage Geojit Financial Services.

NEW DELHI: Gold prices fell Rs 57 to Rs 46,070 per 10 gram in the national capital on Monday following weak global cues, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,127 per 10 gram. Silver also declined Rs 270 to Rs 66,043 per kg, from Rs 66,313 per kg in the previous trade. In the international market, gold was quoting lower at $1,738 per ounce and silver was flat at $25.08 per ounce.

After a rally in the prices of oilseeds and edible oils during the Covid-hit year amid lockdowns and supply fears on unusually high demand, the second wave of infections may send the prices of the essential commodities soaring. That’s what analysts say about the essential commodity basket, including pulses, rice and spices, a surge in which was led by oilseeds. A rise in production and supply disruptions amid evolving consumer behaviour will likely hurt the prices. However, a normal monsoon and lesser weather disturbances in comparison to last year may be supportive, they add. "If the second wave turns out to be more devastating than the previous one, we may see prices of essential commodities (oilseed and edible oils) again shoot up while prices of non-essential commodities like cotton may take a hit,” said Ravindra Rao, VP and Head of Commodity Research, Kotak Securities. Both the commodities may see some profit booking going forward, which may limit the returns for this...

WTI crude oil witnessed mixed trade but ended with a decline of almost 3 per cent last week. Crude has been juggling between tightness in markets and demand concerns amid a spike in coronavirus cases triggering lockdowns. Despite the losses, WTI crude largely held the $58-62/bbl range amid mixed factors. Weighing on crude prices were rising Covid-19 cases, which forced countries to impose stricter restrictions, mixed economic data from major economies, the decision by OPEC countries and their allies to raise supply gradually in the coming months, the prospect of higher supply from Iran amid efforts to ease US-Iran tensions, and a rise in US crude oil rig count to April 2020 highs. However, supporting the price was a second weekly decline in US crude oil stocks, US Energy Information Administration (EIA)’s forecast of a deeper deficit in 2021 owing to demand growth, the IMF’s upbeat global growth outlook, general optimism about the US economy amid stimulus measures, and weakness...

Gold futures on MCX were up 0.06 per cent or Rs 27 at Rs 46,620 per 10 grams. Silver futures dipped 0.12 per cent or Rs 83 to Rs 66,900 per kg.

The U.S. economy is at an "inflection point" amid expectations that growth and hiring will accelerate in the months ahead, but faces the risk of reopening too quickly and sparking a resurgence in coronavirus cases, Federal Reserve Chair Jerome Powell said in an interview broadcast on Sunday.

Gold prices fell on Monday as data showing very strong readings for U.S. inflation and a faster economic rebound bolstered Treasury yields, weighing on the safe-haven metal. FUNDAMENTALS Spot gold fell 0.2% to $1,740.57 per ounce by 0118 GMT. U.S. gold futures were steady at $1,743.70 per ounce. U.S. Treasury yields climbed on Friday after higher-than-expected March producer price data showed inflation had risen, echoing other reports that said the world's largest economy was on a steady road to recovery from the pandemic. Producer prices in the United States rose more than anticipated in March, resulting in the highest annual rise in 9-1/2 years and signalling the start of higher inflation as the economy reopens amid strengthened public health and substantial government assistance. Higher bond yields increase the opportunity cost of holding bullion, which pays no return.

?The imposition of TCS will block an average bullion dealer’s working capital of Rs 67.50 lakh per year on sale of Rs 1,000 crore for which refund is to be claimed with income tax department after submission of accounts.

NEW DELHI: Gold prices tumbled Rs 672 to Rs 51,328 per 10 gram in the national capital on Tuesday on a weak global trend, according to HDFC Securities. The yellow metal had closed at Rs 52,000 per 10 gram in the previous trading session. Silver also witnessed massive selloff with prices tanking Rs 5,781 to Rs 61,606 per kilogram from Rs 67,387 per kilogram in the previous trade. "Spot gold prices for 24 carat in Delhi plunged Rs 672, reflecting selloff in international prices despite rupee depreciation," HDFC Securities Senior Analyst (Commodities) Tapan Patel said. The rupee depreciated 20 paise and settled at 73.58 (provisional) against the US dollar on Tuesday, tracking negative domestic equities. In the international market, gold was trading lower at $1,900 per ounce, while silver depicted a flat trend and was quoting at $26.12 per ounce.

By Yash Sawant Zinc, the galvanizing metal, surged over 7 per cent and 5 per cent on the LME and MCX respectively since August’20 as the recovery narrative continues to be the solid expansion in China’s economy and massive liquidity infused by global central banks. Another supporting element for the industrial metal prices was the plummeting US dollar. The accommodative stance adopted by the US Federal Reserve indicated a low interest environment for a prolonged period, which kept the greenback under pressure, making the industrial metals cheaper for other currency holders. China: The recovery pillarZinc and the other industrial metals continued to post strong gains majorly reflecting the steady growth in China whilst the rest of the world struggled recovering from the pandemic led economic slump. The revival story of the biggest metal consumer, China, from the pandemic lows was supported by the enormous stimulus infusion primarily focused towards infrastructural development....