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Looking ahead, gold and silver entered the week on a slightly bearish tone, with direction likely to be driven more by overall risk sentiment. (AI image) Gold price prediction today: Gold and silver prices are likely to be range bound this week, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and…
Gold has retreated sharply from its record peak, declining by nearly 26 per cent, or around Rs 53,000 per 10 grams, from its all-time high of Rs 2,02,984 on the MCX. In recent sessions, the metal has largely moved within a narrow range, with the absence of fresh catalysts keeping prices directionless. Although gold has…
Wars and geopolitical conflicts often have unexpected impacts for economies. Countries are struggling with tight energy supplies and companies in the Gulf are forced to rethink their production volumes. The key question is, what impact will the Middle East conflict have on Indian companies?While most Indian retailers are facing losses amid supply concerns, the Iran…
NEW DELHI: “The airline Industry in India is under extreme stress and on the verge of closing down or stopping operations.” This dire warning has been issued by the Federation of Indian Airlines (FIA), which represents Air India, IndiGo and SpiceJet, in an “urgent” SOS sent to the government, seeking the latter’s “urgent intervention” in…
Air India, IndiGo and SpiceJet have urged the government to revise Aviation Turbine Fuel (ATF) pricing and provide financial support, warning that the airline industry is under extreme stress and close to “stopping operations”.The appeal was made by the Federation of Indian Airlines (FIA), which represents the three carriers, in a letter to the civil…
Gold price prediction today: Any upside in gold prices is likely to be capped by gains in crude oil prices, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link
The record-setting rally in US equities lost some momentum on Monday as fresh uncertainty surrounding the conflict involving Iran weighed on investor sentiment over the weekend. At the same time, oil prices moved sharply higher. The S&P 500 managed a modest gain of 0.1 per cent, closing at yet another all-time high. The advance was…
Oil prices continued their rally on Tuesday, extending gains from the previous session as market sentiment remained cautious due to stalled peace efforts between US–Iran. The Middle East conflict, which has now touched the two month mark has disrupted the crucial Strait of Hormuz, limiting oil flows across the globe. WTI Crude was trading at…
India is lining up major fertiliser imports ahead of the upcoming kharif season as global prices have almost doubled due the ongoing Middle East crisis, pushing import bill higher. The government on Monday said that it plans to import 64 lakh tonnes of urea and 19 lakh tonnes of other fertilisers, even as domestic availability…
Gold prices declined in futures trade on Monday, tracking weak global cues and softer spot demand. The fall comes even as retail prices across major Indian cities showed a mixed trend, with some markets seeing marginal gains while others remained flat.On the Multi Commodity Exchange (MCX), gold contracts for June delivery fell by Rs 349,…
