Metal stocks on the Indian bourses are continuing their bull run, with steel companies announcing another round of price hike of Rs 1,500 a tonne for hot-rolled coil in January. Similarly, TMT rebar prices were hiked by Rs 2,400 a tonne as the demand from infrastructure and real estate projects is looking up. The industry […]
Has gold’s rally finally come to an end? Prices of the precious metal rose to all-time highs in early August, but since then have come off 10% from those levels. Investors are probably weighing whether to remain invested in the commodity. However, Sprott CEO Peter Gross I old sees the recent pullback as “a healthy […]
Gold prices in India bucked the trend of rising in tandem with the global price rally for the first time in eight months. A stronger rupee seems to be the reason behind Indian gold prices giving up some gains in August 2020. In August, MCX gold shed 3.26 per cent from the previous month. However, […]
Silver is fast catching up with the rally in the gold during this calendar year and, in fact, has outperformed the yellow metal since the start of this financial year. In the Indian spot market, silver has turned most expensive since September 2013. On the MCX, September futures of silver is trading above Rs 53,000 […]
Oil prices have likely risen too fast too soon with the market focusing on supply cuts, while global oil demand may not return to pre-COVID-19 levels before the end of 2021, according to Morgan Stanley. The oil price rally in recent weeks “appears mostly supply- rather than demand-driven, and it is questionable how strong refinery […]
