Metal index

Gold, Gold prices, Precious Metals Gold edged higher on January 9 morning in India as prices hovered near a seven-month high in the international market, supported by a weaker dollar and hopes that the US Federal Reserve may slow its pace of interest rate hike. At 10.06 am, gold was trading 0.59 percent higher on the Multi Commodity Exchange (MCX) at Rs 56,070 for 10 grams. Silver was up 0.74 percent at Rs 69,669 a kilogram. Spot gold was up 0.2 percent at $1,868.89 per ounce at 0016 GMT. US gold futures also inched 0.2 percent higher at $1,873.80. Track Live Gold Prices Here Rahul Kalantri, VP-Commodities, Mehta Equities Gold and silver prices posted strong gains on January 6 evening after profit-taking in the dollar index and US 10-year bond yields. The disappointing US macro data for November pushed gold back to a six-month high after the economy and employment showed signs of cooling. We expect gold and silver to remain volatile on January 9 and hold … [Read more...] about Gold Prices Today: Yellow metal to stay volatile, support at Rs 55,640-55,450

Representative image Gold was trading steady in Indian and international markets on January 10 morning, with cautious traders focusing on Federal Reserve chairman Jerome Powell's speech for insights into the US central bank's rate-hike trajectory. At 9.56 am, gold was trading flat on the Multi Commodity Exchange (MCX) at Rs 55,862 for 10 grams. Silver was down 0.6 percent at Rs 68,490 a kilogram. Spot gold held its ground at $1,872.79 a troy ounce at 0333 GMT while US futures were trading flat at $1,877.70. Track Live Gold Prices Here Rahul Kalantri, VP Commodities, Mehta Equities Ltd Both precious metals traded steady on January 9, with gold hitting a fresh seven-month high after a sell-off in the dollar index. Silver witnessed mild profit-taking at higher levels. The dollar index extended its fall and slipped below the 103 mark, supporting the precious metals. The sentiment was also supported by reports that China boosted gold reserves for the second … [Read more...] about Gold Prices Today: Precious metal to remain volatile ahead of the Fed chairman’s speech

Representative image Gold was trading flat in Indian as well as international markets on January 11 morning as traders awaited key US inflation data due the next day to gauge the Federal Reserve's rate hike stance. At 10:30 am, gold was trading 0.02 percent higher on the Multi Commodity Exchange (MCX) at Rs 55,725 for 10 grams. Silver added 0.3 percent at Rs 68,565 a kilogram. Spot gold was little changed at $1,876.49 a troy ounce, at 0023 GMT, while US gold futures were up 0.3 percent at $1,881.30. Track Live Gold Prices Here Rahul Kalantri, VP Commodities, Mehta Equities On January 10, gold traded steady, while silver prices were marginally weak on normal corrective pullbacks and consolidation after recent gains. A firm US dollar index and an uptick in the US treasury yields weighed negatively on bullion prices. Even though US Federal Reserve chairman Jerome Powell's speech did not seem more aggressive than earlier, the market is still reading Fed officials' … [Read more...] about Gold Prices Today: Precious metal to remain volatile as investors await US inflation data

Representative image Gold was trading a tad higher in India on January 12, with traders turning cautious ahead of the release of domestic as well as US inflation data that could influence the central banks Federal Reserve's policy path. At 10.12 am, gold was trading 0.26 percent higher on the Multi Commodity Exchange (MCX) at Rs 55,839 for 10 grams. Silver added 0.63 percent at Rs 68,401 a kilogram. In the international market, spot gold held its ground at $1,876.93 a troy ounce, while US gold futures rose 0.1 percent to $1,879.80. Track Live Gold Prices Here Prathamesh Mallya, AVP- Research, Non-Agri Commodities and Currencies, Angel One On January 11, gold ended little changed, as prices slipped marginally to $1,876.4 per ounce. The direction of prices will depend on the critical US inflation figures, which may also have an impact on the Federal Reserve's course of action. It seems likely that the Fed will increase policy rates by 25 basis points at its … [Read more...] about Gold Prices Today: Yellow metal to trade lower as investors await CPI data

Gold, gold prices Gold prices edged higher on Friday in the international markets and were on track for a fourth weekly gain, supported by a weaker dollar and hopes of slower interest rate hikes by the US Federal Reserve. At 9:35am, gold was trading 0.12 percent higher on the Multi Commodity Exchange (MCX) at Rs 55,940 for 10 grams. Silver shed 0.03 percent at Rs 68,623 a kilogram. Spot gold was up 0.1 percent at $1,897.92 per ounce, as of 0045 GMT. Prices gained 1.7 percent so far this week. Track Live Gold Prices Here Nirpendra Yadav, Senior Research Analyst at Swastika Investmart Precious metals prices remained firm yesterday on the hope of slower rate hike as US CPI YoY stood 6.5 percent versus 7.1 percent in December. US dollar, which move opposite to gold prices, slipped below 102.5 level supporting the precious metals prices. Technically, day trend in precious metals may remain range bound. Gold has resistance at Rs 56200 and support at Rs 55400. Silver … [Read more...] about Gold Prices Today: Yellow metal to remain range-bound, may find support at Rs 55,400

Gold, gold prices Gold was trading 0.3 percent up in India in the morning trade on January 16 as it held near a nine-month high in the international market, aided by expectations of slower interest rate hikes by the US Federal Reserve. At 9.35 am, gold was trading 0.3 percent higher on the Multi Commodity Exchange (MCX) at Rs 56,495 for 10 grams after hitting a lifetime high on January 13 in intraday trade . Silver added 0.71 percent at Rs 69,918 a kilogram. Spot gold was little changed at $1,918.60 an ounce, as of 0014 GMT. Earlier, prices had hit $1,922.25, the highest since April 2022. US gold futures were down 0.1 percent at $1,920.10. Track Live Gold Prices Here Manoj Kumar Jain, Prithvi Finmart Commodity Research Gold and silver prices settled on a positive note in the international markets. February gold futures contract settled at $1,923.35 a troy ounce, up 1.29 percent and March silver futures contract settled at $24.415 a troy ounce, up 1.71 percent. … [Read more...] about Gold Prices Today: Precious metals likely to remain bullish in near term, buy on dips

Share to Twitter Share to Linkedin Key takeaways ChatGPT has become the talk of the town as users are shocked by how impressive this new technology is. The chatbot can write poetry, create content and even help you solve problems. The uses of the product are wide-ranging, and those who try it can’t help but rave about it. Microsoft is now considering investing $10 billion in OpenAI, which would bring the valuation of the AI startup to $29 billion as they look to monetize the chatbot in 2023. The field of artificial intelligence is changing rapidly, and tech giants are looking to invest billions of dollars in this space in a race to create the best new tools. You can’t turn anywhere without hearing about the revolutionary AI platform ChatGPT. The product can write a surprising amount of material from poetry to marketing copy. The advancements in artificial intelligence have been more impressive than ever in the past few months. Microsoft is … [Read more...] about Microsoft Considers Investing $10 Billion In OpenAI, Maker Of ChatGPT: Here’s What It Means For Investors

Share to Twitter Share to Linkedin Key takeaways Supercore inflation purposefully ignores highly volatile areas of the economy, like housing, food and energy, to give a clearer picture of inflation Food inflation increased 10.4% year-over-year in December, while energy inflation eased to 7.3% Shelter inflation is up 7.5% year-over-year We all see the headline inflation number, but it doesn't tell the whole story. This is because the CPI report includes many items that can have volatile price swings that distort the overall inflation number. This is why core inflation is also reported. However, some economists believe this isn’t good enough and we should focus on supercore inflation. Here is what supercore inflation is and how some of the areas it excludes have been impacting overall inflation. Plus, here’s how Q.ai can help in inflationary times. What is Supercore inflation? Supercore inflation is an economic measurement that strips … [Read more...] about Supercore Inflation Excludes Food, Energy And Housing

India’s core sector output came back strongly in November with a year-on-year growth of 5.5 percent after a dismal performance in October when the annualised growth stooped to a 20-month low of 0.9 percent. The growth in core sector, which comprises eight infrastructure sectors of coal, crude oil, refinery products, natural gas, electricity, cement, steel and fertilizer, was aided by an on-year expansion in five sectors. Out of these five sectors, double-digit growth was seen in cement, coal, electricity and steel while the growth in fertilizer sector was limited to mid-single digits. At the same time, output of crude oil, natural gas and refinery products continue to slip lower. “This robust show is surprising not just because it's a major pick-up in growth trajectory but also because growth is largely broad-based, with 5 out of 8 sectors recording a double-digit growth on YoY basis”, Manish Jain, Fund Manager, Coffee Can PMS, Ambit Asset Management, told Moneycontrol. On … [Read more...] about Five segments drive India’s core sector on a swing despite the crude shock

Indian equity benchmark failed to hold on to morning gains and slipped under selling pressure on January 16. At 10.35 am the Nifty was trading flat at 17,969, while its near-month futures struggled at around 18,034.75. Traders and analysts expect the index to be range-bound. As every rise was being sold, the index couldn't gain momentum, said traders. Several of them were armed with the same strategies. (Blue bars show volume and golden bars open interest (OI) “The market continues to be a sell-on-rise one,” said Santosh Pasi, a Sebi registered investment adviser and a derivatives trader. The index was finding stiff resistance at the upper end of the recent trading range, he said. In the last few weeks, the Nifty has moved between 17,850 and 18,200. On January 19 expiry contracts, most new call writings were concentrated around 18,000 and 18,100 as they emerged as resistance zones. Put writers were moving lower as they unwinded their position at 17,900 strikes. The … [Read more...] about F&O Manual: Traders stick to sell-on-rise stance; BoB, Muthoot Finance in focus