On the National Commodity and Derivatives Exchange, guar seed for September contracts increased by Rs 48, or 0.89 per cent, to Rs 5,441 per 10 quintal with an open interest of 59,170 lots.

Despite the negative flows in the category, the number of folios went up to 19.13 lakh in July from 18.32 lakh in the preceding month, data with Association of Mutual Funds in India (Amfi) showed.

Gold futures on MCX were up 0.13 per cent, or Rs 63, at Rs 47,221 per 10 gram. Silver futures gained 0.48 per cent, or Rs 298, at Rs 62,019 per kg.

held near recent highs, although the losses were limited by growing concerns over the economic fallout from the spread of the Delta coronavirus variant. FUNDAMENTALSSpot gold fell 0.1% to $1,779.12 per ounce by 0057 GMT, while US gold futures were down 0.2% to $1,780.40. The dollar traded near the 9-1/2-month high hit last week, denting gold's allure for holders of other currencies. Dallas Federal Reserve President Robert Kaplan, among the US central bank's most forceful supporters for starting to reduce support for the economy, said on Friday he may need to adjust that view if the Delta variant slows economic growth materially. Fed's annual economic symposium in Jackson Hole, Wyoming, will take place on Aug. 27 virtually and not in person as planned amid surging Covid-19 Delta variant cases. Chair Jerome Powell will give a speech at the event on the economic outlook.

US West Texas Intermediate (WTI) crude futures for October rose 53 cents, or 0.9%, to $62.67 a barrel, recovering from $61.74, the lowest since May 21, touched in Asia's early trade.

The crude market has now posted seven consecutive days of losses. Numerous nations worldwide are responding to the rising infection rate due to the coronavirus Delta variant by adding travel restrictions to cut off the spread.

This week’s drop for iron ore accelerated, with futures sliding as much as 12% to the lowest since December in Singapore on expectations that Chinese steel output and consumption will weaken over the rest of the year, partly as authorities curb pollution. Prices are more than 40% below a record high reached just three months ago.

LONDON: Oil dropped to $66 a barrel on Thursday, its lowest since May, pressured by concerns about weaker demand as COVID-19 cases rise, a stronger U.S. dollar and a surprise increase in U.S. gasoline inventories. Circulation of the Delta variant in areas of low vaccination is driving transmission of COVID-19, the World Health Organization said. Coronavirus-related deaths have spiked in the United States over the past month. "The longer-than-anticipated battle against the invisible enemy has made investors cautious and pragmatic, leading to gradually softer prices," said Tamas Varga of oil broker PVM. "The potential withdrawal of monetary support, the chaotic Taliban takeover of Afghanistan that threatens with another migrant crisis and worries about the continuous spread of the virus keep the dollar in demand, which, in turn, acts as a break on any attempted oil-price rally." The dollar hit a nine-month high, weighing on dollar-priced commodities. [USD/] Brent crude...

Three-month copper on the London Metal Exchange fell as much as 1.4% to $8,913.30 a tonne, its lowest since April 14, before rebounding to trade at $8,950 a tonne by 0702 GMT, still down 1%. The most-traded September copper contract on the Shanghai Futures Exchange ended down 3.1% at 66,790 yuan ($10,282.03) a tonne, its lowest close since June 22.

and product prices now reflects in the domestic prices as the retail price of diesel reduces further by 20 paisa/litre in Delhi on Thursday. Diesel prices go down for second day in a row in the country as Oil marketing companies let it reflect locally. For the 33rd consecutive day petrol prices see no reduction as oil market is still being analyzed before revision of prices. With the cut, diesel is now priced at Rs 89.47 and with no change in rates petrol continues to be sold for Rs 101.84 per litre in Delhi. Across the country as well, diesel prices reduced between 18-25 paise per litre while petrol remained at the same level prevailing for the last one month. Global crude prices have now softened to below $ 70 a barrel after it swung in all directions in July starting with a low of $70 a barrel to quickly rise to over $ 77 a barrel, only to fall soon below $ 70 a barrel and crossing $ 75 a barrel later in the month.

Gold prices edged lower on Thursday on a firm dollar after policy meeting minutes showed U.S. Federal Reserve officials were largely on board to start easing bond purchases this year. FUNDAMENTALS * Spot gold fell 0.2% to $1,784.05 per ounce by 0115 GMT. U.S. gold futures was little changed at $1,785.30. * The dollar index scaled a 4-1/2-month peak, making gold expensive for holders of other currencies. * Fed officials felt their employment benchmark for decreasing support for the economy "could be reached this year," but appeared to disagree on other key aspects of where monetary policy should turn next in the transition from the pandemic crisis, according to minutes from July's policy meeting. * They also noted the risks that rising COVID-19 cases associated with the spread of the Delta variant could dampen the economic recovery.

Brent crude was down 85 cents or 1.3% at $67.38 a barrel by 0019 GMT, having fallen 1.2% on Wednesday. U.S. West Intermediate crude (WTI) lost 93 cents or 1.4% to $64.53 a barrel after tumbling 1.7% in the previous session.

prices were little changed on Wednesday after four straight days of declines, helped by a bigger-than-expected drawdown in US crude inventories, though investors remain worried about the outlook for fuel demand due to a global surge in Covid-19 cases. Brent crude was down 3 cents to $69 a barrel by 10:42 a.m. EDT (1442 GMT). US WTI crude oil lost 21 cents to $66.38 a barrel. US crude inventories fell 3.2 million barrels last week to 435.5 million barrels, their lowest since January 2020 and more than anticipated. Gasoline stocks, however, rose modestly, which kept the market from moving up given ongoing worries about coronavirus. "The market is being dragged down on a disappointing gasoline inventory build as we make our way into the Labor Day weekend," said Andy Lipow, president of Lipow Oil Associates in Houston, Texas, referring to the Sept.6 US holiday. The four-week average of overall product supplied to the market - a measure of demand - was 20.8 million barrels per...

Spot gold fell 0.3 per cent to $1,781.50 per ounce by 1429 GMT, after hitting its highest since Aug. 6 at $1,795.25 on Tuesday. U.S. gold futures edged 0.1 per cent lower to $1,786.40.

New Delhi: Gold in the national capital on Wednesday declined Rs 152 to Rs 46,328 per 10 gram amid muted global trends and rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,480 per 10 gram. Silver also dipped Rs 286 to Rs 62,131 per kilogram from Rs 62,417 per kilogram in the previous trade. The rupee appreciated 6 paise to 74.29 against the US dollar in early trade on Wednesday. In the international market, gold was trading marginally higher at USD 1,787 per ounce and silver was flat at USD 23.74 per ounce. "Gold prices fluctuated in an upper trading range on mixed global cues," according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel. Navneet Damani, VP – Commodities Research, Motilal Oswal Financial Services said, "Gold traded steady hovering over the one week high, as the precious metal was caught between mixed US economic data, a firmer dollar and safe-haven demand driven by the

On the Multi Commodity Exchange, copper contracts for delivery in August traded higher by 80 paise, or 0.11 per cent, to Rs 710.50 per kg in a business turnover of 5,169 lots.

On the Multi Commodity Exchange, nickel contracts for the August delivery traded lower by Rs 15.70, or 1.07 per cent, to Rs 1,445.30 per kg with a business turnover of 1,565 lots.

On the National Commodity and Derivatives Exchange, soybean for August delivery rose by Rs 314, or 3.37 per cent, to Rs 9,625 per quintal with an open interest of 1,615 lots.

On the National Commodity and Derivatives Exchange, guar seed for August contracts increased by Rs 77, or 1.58 per cent, to Rs 4,963 per 10 quintal with an open interest of 260 lots.

On the National Commodity and Derivatives Exchange, coriander for September delivery went up Rs 150, or 1.98 per cent, to Rs 7,710 per quintal with an open interest of 6,895 lots.

Gold futures eased on Tuesday as it failed to breach the key resistance of 200-day EMA at Rs 47,600. The move in the precious metal was driven by gains in the dollar index, despite weaker than expected US retail sales. At this point, the 200-day EMA (Rs 47,600) could act as a key resistance zone, which could limit the upside. So the price has to sustain above the 200-DEMA to extend its rebound towards Rs 47,800-48,000 zone. On the other hand, if it fails to breach the 200-DEMA then it will again decline towards Rs 46,950 (8-day EMA), followed by Rs 46,400. Meanwhile, the momentum indicator MACD is hovering below the mid line, suggesting weakness in the short-term trend. So going by the above evidence, it is expected that price will move in the range of Rs 46,950-47,600 with a sideways bias. Only a close below Rs 46,950 would derail the recovery. Trading Range: Rs 46,950-47,600 MCX Silver slipped on Tuesday after inching towards its 8-day EMA resistance near Rs 63,900. In case...

NEW DELHI: Gold prices were little changed on Wednesday, moving mildly higher. The precious metal was caught between a firmer dollar and safe-haven demand driven by the Delta coronavirus variant fears. Gold futures on MCX were up 0.21 per cent, or Rs 98, at Rs 47,378 per 10 gram. Silver futures gained 0.34 per cent, or Rs 215, at Rs 63,441 per kg. The dollar hit a nine-month high against the euro on Wednesday and held near recent peaks on other majors. Uncertainty towards Fed's monetary policy and increasing global tensions may support prices. Ravindra Rao, CMT, EPAT, VP- Head Commodity Research at Kotak Securities, said gold is choppy amid mixed US economic data and mixed comments from Fed officials which have added to uncertainty about Fed’s monetary policy. "Support from safe haven buying amid rising virus cases, slowdown in China and geopolitical tensions relating to Afghanistan is countered by weaker investor interest amid continuing strength in equities. Gold may remain...