Gold prices hovered near a one-week high on Monday, as a plunge in US consumer sentiment allayed some concerns of an early tapering by the Federal Reserve. FUNDAMENTALSSpot gold was flat at $1,779.51 per ounce by 0100 GMT, having earlier hit a high since Aug. 6 at $1,780.82. US gold futures were up 0.2% to $1,781.20. US consumer sentiment dropped sharply in early-August to its lowest level in a decade, amid rising concerns over the Delta variant that could prompt Federal Reserve policymakers to pause decisions to pull back pandemic-era stimulus. Gold is considered a hedge against inflation, likely to result from widespread stimulus. The data weighed on the

Brent crude was down 80 cents, or 1.1%, at $69.79 a barrel by 0046 GMT, after edging lower last week. US oil fell by 81 cents, or 1.2%, to $67.63 a barrel, having risen slightly last week.

For the 28th consecutive day, petrol and diesel prices remained unchanged across the country. In the national capital petrol continues to be sold for Rs 101.84 per litre, while diesel is also being sold at the unchanged price of Rs 89.87 a litre. Petrol prices in all metros have crossed the Rs 100 per litre mark.

New Delhi: Gold in the national capital on Friday jumped Rs 222 to Rs 45,586 per 10 gram amid a recovery in international precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 45,364 per 10 grams. Silver also gained Rs 100 to Rs 61,045 per kilogram from Rs 60,945 per kilogram in the previous trade. The Indian rupee declined 3 paise to 74.28 against the US dollar in opening trade on Friday. In the international market, gold was trading with gains at USD 1,757 per ounce and silver was flat at USD 23.30 per ounce.

On the Multi Commodity Exchange, crude oil for the August delivery dropped by Rs 51, or 0.99 per cent, to Rs 5,087 per barrel with a business volume of 5,807 lots.

On the Multi Commodity Exchange, copper contracts for delivery in August traded higher by Rs 1.50, or 0.21 per cent, to Rs 731.75 per kg in a business turnover of 4,501 lots.

On the Multi Commodity Exchange, nickel contracts for the August delivery traded lower by Rs 2.30, or 0.15 per cent, to Rs 1,489 per kg with a business turnover of 1,821 lots.

On the National Commodity and Derivatives Exchange, soybean for August delivery rose by Rs 18, or 0.21 per cent, to Rs 8,713 per quintal with an open interest of 4,325 lots.

On the National Commodity and Derivatives Exchange, guar seed for August contracts increased by Rs 6, or 0.13 per cent, to Rs 4,727 per 10 quintal with an open interest of 4,755 lots.

Gold futures traded sideways after forming a Doji, which is a sign of indecision. The key resistance exists around Rs 46,700 (8-day EMA). If we break above the top of the Doji along with 8-day EMA resistance at Rs 46,700, then it is likely that the market might move towards Rs 46,900 levels. On the downside, Rs 46,100 and Rs 45,900 levels hold key support for the day. Meanwhile, the strength index RSI (36) is hovering below 40, suggesting weakness in the trend. So going by the above evidence, it is expected that the price will move in the range of Rs 45,900-46,700 with a sideways bias. Only a close below Rs 45,900 would weaken the recovery and it would slip towards Rs 45,660. Buy MCX Gold Oct at Rs 46,150. Target: Rs 46,700. Stop loss: Rs 45,900 MCX Silver prices breached the major support zone of Rs 62,000-62,200 and closed the day on a losing side. It erased all its gains and dented hopes of recovery. Resistance is seen near its 5-day EMA at Rs 63,200, followed by former...

Gold futures on MCX were up 0.19 per cent, or Rs 87, at Rs 46,450 per 10 gram. Silver futures gained 0.31 per cent, or Rs 191, at Rs 62,051 per kg.

Brent crude was down 31 cents, or 0.4%, at $71.00 a barrel by 0046 GMT, after dropping 13 cents in the previous session. US crude was off by 33 cents, or 0.5%, at $68.76 a barrel, having fallen 0.2% on Thursday. The benchmarks are still heading for a slight gain this week.

offset ease in early-tapering bets, although the precious metal was headed for a second consecutive weekly decline. FUNDAMENTALSSpot gold was unchanged at $1,752.78 per ounce by 0101 GMT. It is down 0.5% so far for the week. US gold futures were up 0.2% to $1,754.40. The dollar held firm near a more than four-month high, hit earlier this week, underpinned by data showing US producer prices posted their largest annual increase in more than a decade. Meanwhile, Americans filing claims for unemployment benefits fell again last week as the economic recovery continues to be bumpy, a separate Labor Department report showed on Thursday. Wednesday's US consumer price report hinted that inflation may have peaked, reassuring investors that the Fed will not feel obligated to hasten plans to rein in emergency-level support of the economy, but they remained worried that rising prices could continue to weigh on everything from bond prices to corporate margins.

Chana derivatives posted a 221 per cent increase in ADTV to Rs 308 crore while the same in Cottonseed Oilcake increased 62 per cent to Rs 157 crore in the month under review.

New Delhi: Gold in the national capital on Thursday rallied Rs 422 to Rs 45,560 per 10 gram amid gain in global precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 45,138 per 10 gram. Silver also gained Rs 113 to Rs 61,314 per kilogram from Rs 61,201 per kilogram in the previous trade. In the international market, gold was trading with gains at USD 1,756 per ounce and silver was flat at USD 23.44 per ounce.

On the Multi Commodity Exchange, crude oil for the August delivery dropped by Rs 15, or 0.29 per cent, to Rs 5,097 per barrel with a business volume of 5,769 lots.

On the Multi Commodity Exchange, nickel contracts for the August delivery traded lower by Rs 3.50, or 0.24 per cent, to Rs 1,440.40 per kg with a business turnover of 1,526 lots.

On the Multi Commodity Exchange, copper contracts for the August delivery eased by Rs 2.30, or 0.31 per cent, to Rs 731.90 per kg in a business turnover of 4,257 lots.

On the National Commodity and Derivatives Exchange, coriander for August delivery went up Rs 116, or 1.66 per cent, to Rs 7,124 per quintal with an open interest of 1,310 lots.

Tapan Patel Commodity prices traded mixed on Tuesday with bullion prices in red. Crude oil prices rallied witnessing strong recovery on higher demand outlook outweighing Covid worries. Base metals traded higher on US infrastructure bill on bright demand outlook. Here is a look at how different commodities are behaving in today’s market. Outlook: BullionBullion prices traded steady on Wednesday with spot gold prices at COMEX trading near $1,734 per ounce while spot silver prices at COMEX trading marginally up at $23.42 per ounce in morning trade. Gold prices kept rangebound trading looking for cues from global markets. The US Senate has passed $1 trillion infrastructure plan which may lend some support to bullion prices. However, heightened expectations of Fed tapering may limit upside in bullion prices. We expect bullion prices to trade sideways to down for the day. Trading Strategy:

Gold futures on MCX were up 0.18 per cent, or Rs 85, at Rs 46,047 per 10 gram. Silver futures rose 0.05 per cent, or Rs 32, to Rs 62,668 per kg.

PUNE: Soyabean prices fell in futures trade on the NCDEX on Tuesday--the third consecutive day of fall--on rumours that the government may soon allow import of genetically modified soyameal. The soyabean September contract hit the lower circuit on Tuesday morning, with trade closing at Rs 7,618/quintal as the market believes that the country may import soyameal. On Monday, trading of the September contract had closed at Rs 8,104/quintal. On Tuesday, the contract again hit the lower circuit in early trade. The contract had its high of Rs 9,544/quintal on August 2, which made it tough for the poultry industry to operate. Soyameal, a by-product of crushing of soyabean seeds, is used as the main protein source in poultry and animal feed. The poultry industry had been seeking the government’s permission to import GM soyameal, which is cheaper and easily available in the international market. However, there is no government notification about soyameal imports and, hence, a section...

Gold prices edged lower on Wednesday, pressured by a stronger dollar and a rise in bond yields, while investors cautiously looked forward to US inflation data that could influence the Federal Reserve's timeline to taper monetary support. FUNDAMENTALSSpot gold was down 0.2% at $1,725.98 per ounce by 0048 GMT, while US gold futures fell 0.2% to $1,728 per ounce. The dollar index held firm near three-week high against its rivals, making gold more expensive for holders of other currencies. US Treasury yields hit their highest levels since mid-July after the US Senate passed a massive infrastructure bill. Higher bond yields increase the opportunity cost of holding non-interest bearing gold. The Democratic-controlled US Senate on Tuesday passed a massive infrastructure bill and immediately kicked off debate on a $3.5 trillion spending blueprint. Wall Street rose, with both the blue-chip Dow and benchmark S&P 500 closing at record highs, as economically sensitive value stocks...