Demand for physical gold in India has been surging as local prices have dropped to their lowest levels since June last year. Gold buying is also expected to pick up in other Asian centres after the Chinese Lunar New Year holiday week. In India, dealers were charging a premium of up to $7 an ounce over […]
India’s demand for copper and aluminium are likely to fall by around 20% during the financial year ending march 31, 2021, but are expected to rebound to around last year’s level in the third and fourth quarter, Satish Pai, managing director of Hindalco Industries Ltd said on Thursday. He was speaking at a webinar organised by the Federation of […]
Gold and silver prices have been volatile in the last 2 months after the correction from the August 2020’s high levels of Rs. 56200 per 10 grams and Rs. 78000/kg respectively. The prices that had dropped to a low of Rs. 49,200 per 10 grams for gold and Rs. 56,000/kg for silver has seen a […]
Moody’s has changed the outlook for the global base metals industry to stable from negative, as demand has improved following the early recovery and reopening of the Chinese economy. The world’s No. 2 economy accounts for half of the world’s production of copper, aluminium and other base metals and remains an important consumer as well across the […]
Commodity prices have fallen sharply on fears of a second wave of covid-19 spread, only to recover on hopes of another stimulus coming. Base metals, bullion and energy futures started with a sharp decline of up to 4 per cent on MCX but recovered later in the day amid high volatility. Most prices have improved smartly over […]
Gold prices jumped Rs 1,395 to Rs 41,705 per 10 gram yesterday (Friday), following rally in the international prices of the precious metal. On Thursday, the precious metal had closed at Rs 40,310 per 10 gram. Meanwhile, silver prices advanced Rs 2,889 to Rs 38,100 per kg against the previous close of Rs 35,211 per kg. In the international […]
Base metals’ prices jumped by 1-2 per cent on Wednesday after the United States Federal Reserve (US Fed) announced a 50 basis points (bps) emergency interest rate cut. The Fed also confirmed high downside risk for the global economy as a result of increasing number of coronavirus (COVID-19) cases across the world. Gold and silver price increased […]
Global equity selloff has had a ripple effect on the commodities markets with prices of major global commodities falling between 1 and 3.2 per cent on Friday. This is owing to the widespread coronavirus outbreak across the world which pushed the global economy into uncertainty, says a Business Standard report. The decline was sharper in India due to nearly […]
A recent Reuters article suggests China’s domination of the base metals market was marching on relentlessly prior to the coronavirus outbreak. The headline, “China’s copper imports and aluminium consumption to drop again in 2020,” suggested otherwise, painting an initial image of a depressed market — but the reality is it is anything but. China’s imports […]
Here is what others are talking about this morning: Oil prices fall amid broader market selloff, despite tightening supplies Gold rises on Fed caution, palladium hits 16-year peak Investors sell stocks, dollar on fears Trump agenda is foundering Iron ore joins base metals price rally Indian steel makers’ earnings to be steady: Moody’s India bans […]
