MCX Copper Price Forecast: Growth is likely to be relatively slow due to muted global demand. Is the world copper market in deficit or surplus? This has been a multi-million dollar question agitating investors and market participants of this prized industrial metal for some time now, especially given the metal’s stellar price performance in recent months.
Commodity News
Commodity News – Real-time Accurate MCX Commodity Market News and forecast for today. Best commodity market online tips through whatsapp and telegram by Neal Bhai.
Copper Group Pours Cold Water on Hot Rally With View of Plenty
One of the best performers in a red-hot commodity market may be headed for a speedbump.
Gold Price Today: Should you Buy the Gold at Current Levels?
Gold price today at Multi Commodity Exchange (MCX) opened ₹5 lower at ₹47,314 per 10 gm levels. However, commodity experts are of the view that the gold price has ‘bottomed out’ and one should look at every dip as buying opportunity in the precious yellow metal.
Gold Prices Today Rise But Still Down ₹9,000 From Record High; Silver Rates up
Gold Prices Today: Gold and silver prices edged higher today in Indian markets after a sharp fall last week. On MCX, gold rates were up 0.6% to ₹47004 per 10 gram while silver rose 0.6% to ₹68,789 per kg.
Gold Prices in India Move into Discount for First Time This Year
Physical gold prices in India moved to a discount over official domestic rates for the first time this as covid-related restrictions impacted retail demand. Dealers were offering a discount of up to $2 an ounce this week over official domestic prices, Reuters reported, as compared to previous week’s premium of $2.
Gold Prices Today Rise After 5-day Fall, Still Down ₹9000 From Record High
Gold prices today edged higher in Indian markets after a five-day decline. Gold futures on MCX were up 0.4% to ₹47,265 per 10 gram while silver futures rose 1.1% to ₹68534 per kg.
Gold Premiums in India Fall Sharply as Covid Hits Retail Demand
Premiums on gold over official domestic prices in India dipped this week amid faltering demand. Rising prices and strict restrictions to contain the spread of Covid infections have hurt gold demand. Premiums this week eased to about $2 an ounce over official domestic gold prices as compared to last week’s $4, the report said.