On the National Commodity and Derivatives Exchange, coriander for September delivery went up Rs 152, or 1.82 per cent, to Rs 8,510 per quintal with an open interest of 6,850 lots.

Ravindra Rao MCX Gold futures moved in a narrow range during the last trading session as the price hovered around its 200-day EMA at Rs 47,600. The price inched close to the 78.6% Fibonacci retracement zone of the recent decline at Rs 47,780 but erased its gain towards the end of the session. We maintain that the price has to sustain above the 200-DEMA in order to extend towards Rs 47,800-48,000 levels. On the lower end, the 20-day EMA (Rs 47,240) should be supportive followed by a support near Rs 47,000. If Rs 47,000 fails to hold, it might test the key supports at Rs 46,750-46,600. On the momentum front, RSI has moved above the neutral zone (50) at 54, suggesting a sideways to higher trend. So for the day, the price is expected to move in the range of Rs 47,240-47,800 with a sideways bias. Only a close above Rs 47,800 would bring fresh buying interest in gold futures. Trading Range: Rs 47,240-47,800 MCX SILVER futures continued to move higher on Tuesday close to the key...

In the spot market, highest purity gold was sold at Rs 47,710 per 10 gram while silver was priced at Rs 63,450 per kg on Tuesday, according to the Indian Bullion and Jewellers Association.

Inbound shipments of palm oil will be higher in the year starting on Nov. 1 than an estimated 8 million tons in 2020-21, said G.G. Patel, a veteran trader and managing partner of GGN Research

Gold prices fell on Wednesday as the dollar ticked higher, with investors awaiting Federal Reserve Chair Jerome Powell's speech this week for possible guidance on tapering of the pandemic-era stimulus. FUNDAMENTALSSpot gold fell 0.4% to $1,796.03 per ounce by 106 GMT, while US gold futures 0.6% to $1,797.50. The dollar index inched 0.1% higher, denting gold's appeal for those holding other currencies. Goldman Sachs economists have raised the odds that the Fed will announce the start of tapering its bond purchases in November, predicting the central bank will likely opt to dial back purchases by $15 billion then and at meetings that follow. Focus will now be on Powell's speech at the Fed's annual economic symposium at Jackson Hole, Wyoming, on Aug. 27 and whether he gives a timeline on the stimulus withdrawal. The United States could get Covid-19 under control by early next year if vaccinations ramp up, Dr. Anthony Fauci said on Tuesday, with the country now averaging 1,000...

Both benchmark contracts rose by about 8% over the previous two days, erasing most of the slump from a seven-day losing streak. Prices mainly climbed because of the loss of more than 400,000 barrels per day of supply in Mexico after a fire on an oil platform.

The average utilisation at Indian Oil Corp, the nation’s largest refiner, increased to 96% from 91% in July last year, as per the official data. Reliance Industries, the owner of the world’s largest refining complex, operated at 87% in July compared to 74% in the same month last year. Its export-only unit operated at 76% while its other unit ran at 98%.

While petrol prices cropped by 14-15 paise per litre, diesel became cheaper by 15-16 paise for a litre. This was the second reduction in fuel prices this week. On August 22, petrol price dropped 15 to 20 paise per litre across the country after 35 days.

New Delhi: Gold in the national capital on Tuesday jumped Rs 170 to Rs 46,544 per 10 grams despite rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,374 per 10 grams. Silver also gained Rs 172 to Rs 61,584 per kg, from Rs 61,412 per kg in the previous trade. The rupee appreciated 9 paise to 74.13 against the US dollar in opening trade on Tuesday. In the international market, gold was trading lower at $1,801 per ounce and silver was marginally down at $23.60 per ounce.

On the Multi Commodity Exchange, copper contracts for the August delivery eased by Rs 1.25, or 0.18 per cent, to Rs 708.35 per kg in a business turnover of 2,421 lots.

On the National Commodity and Derivatives Exchange, coriander for September delivery went up Rs 352, or 4.4 per cent, to Rs 8,360 per quintal with an open interest of 7,135 lots.

On the National Commodity and Derivatives Exchange, guar gum contracts for September delivery traded higher 5.99 per cent, or Rs 576, to Rs 10,185 per five quintal with an open interest of 48,425 lots.

On the National Commodity and Derivatives Exchange, soybean for September delivery rose by Rs 110, or 1.27 per cent, to Rs 8,740 per quintal with an open interest of 20,325 lots.

Gold futures rallied significantly on Monday as it held support of 8-day EMA and moved above the 50-day EMA at Rs 47,400. It also tested the key resistance of 200 day-EMA at Rs 47,600, which is the key resistance zone in near term. Now the price has to sustain above the 200-DEMA to extend its rebound towards Rs 47,800-48,000 zones. On the flipside, if it fails to hold the support of 8-day EMA at Rs 47,140, it might erase the gains and price might test the key supports at Rs 46,750-46,600 zone. On the momentum front RSI has moved above the neutral zone (50) at 54, suggesting a sideways to higher trend. Going by the above evidences, the price might move in the range of Rs 47,140-47,800 with a sideways to higher bias. Buy MCX Gold Oct at Rs 47,350. Target: Rs 47,800. Stop loss: Rs 47,100 MCX Silver futures surged the most on Monday as weakness in the dollar index supported the recovery. Price has moved above the initial hurdle of 8-day EMA. The next key resistance is seen around...

In the spot market, highest purity gold was sold at Rs 47,411 per 10 gram while silver was priced at Rs 62,705 per kg on Monday, according to the Indian Bullion and Jewellers Association.

Gold prices fell slightly on Tuesday, although they hovered above the key psychological level of $1,800 on expectations that the US Federal Reserve might delay cutting back its stimulus amid rising cases of the

Brent crude oil futures gained 66 cents, or 0.9%, to $69.41 a barrel by 0201 GMT, while US West Texas Intermediate (WTI) crude futures increased by 60 cents, or 0.9%, to $66.24 a barrel.

Gold is positioned slightly better than silver, as it is trading within a range. Analysts said the major reason behind gold's drop from close to Rs 48,500 to current level is the continued rally in equities.

New Delhi: Gold price rose marginally by Rs 7 to Rs 46,223 per 10 gram on Monday amid firm global trends and weaker dollar, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,216 per 10 gram. Silver also gained Rs 377 to Rs 60,864 per kilogram from Rs 60,487 per kilogram in the previous trade. The rupee appreciated 13 paise to 74.26 against the US dollar in opening trade on Monday. In the international market, gold was trading with gains at USD 1,785 per ounce and silver was marginally up at USD 23.26 per ounce.

prices rose Rs 105 to Rs 4,745 per barrel on Monday as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for the September delivery traded higher by Rs 105, or 2.26 per cent, at Rs 4,745 per barrel in 6,622 lots. Analysts said raising of bets by participants kept crude oil prices higher in the futures trade. Globally, West Texas Intermediate crude oil was up 2.69 per cent to USD 63.81 per barrel, while Brent crude traded 2.73 per cent lower at USD 66.96 per barrel in New York.

On the Multi Commodity Exchange, copper contracts for delivery in August traded higher by Rs 3.25, or 0.46 per cent, to Rs 703.20 per kg in a business turnover of 3,364 lots.

On the National Commodity and Derivatives Exchange, soybean for September delivery rose by Rs 197, or 2.42 per cent, to Rs 8,350 per quintal with an open interest of 20,645 lots.