Commodity Market Trading Hour: The MCX commodity futures market stays open from Monday to Friday weekly. Saturday and Sunday are weekly holidays.
Cotton Prices Trend Forecast: With early sown cotton-selling commencing in mandis in cotton-growing states including Gujarat, prices of the fibre in the domestic market have slipped below Rs 90,000 per candy (356 kg per candy) from over Rs1 lakh per candy in a span of a fortnight.
Prime Minister Narendra Modi on Friday, July 29, 2022 will launch India’s first International Bullion Exchange – International Bullion Exchange (IIBX) – in the GIFT city (Gujarat International Finance Tec-City), along with several other projects.
Silver prices on Tuesday soared in Indian markets, in tandem with firm global rates. Silver prices today surged by Rs 1,495 to Rs 55,510 per kg in futures trade as participants widened their bets on firm spot demand and global cues. On the Multi Commodity Exchange (MCX), September silver futures gained Rs 1,495, or 2.4 per cent, to Rs 55,510 per kg in 18,458 lots.
India’s gold imports dived 86% year-on-year in June because of record high prices and as international air travel was banned in response to the COVID-19 pandemic.