Latest News Indian commodities market, world commodities market, Commodity Exchanges, NCDEX, MCX, NMCEIL
Business Today

Analysts said increased buying by speculators, in tandem with a firming global trend on safe-haven buying, has led to a rise in gold prices at futures trade.

At the Multi Commodity Exchange, silver for March shot up Rs 173 to trade at an all-time high of Rs 32,707 per kg, with a business turnover of 194 lots.
Marketmen said jewellers and stockists postponed their purchases, as gold is ruling at record-high levels, amid firming trend in international markets.
Bullion dealers said the trading sentiment was bullish, taking gold to Rs 19,500 per 10 grams, amid hectic buying during the ongoing festive season.
Trading sentiment dampened as retail customers preferred to sell old jewellery at existing levels.
Gold prices are all set to touch Rs 19,500-20,000 per 10 grams by Diwali due to rising investor interest, a top industry official said.
At the Multi Commodity Exchange counter, the gold for delivery in October-month contract gained Rs 140 to Rs 19,158 per ten gram, with an open interest of 3,423 lots.
Prices rose 0.11 per cent to hit new high of Rs 19,372 per 10 grams in futures trading, as speculators engaged in expanding their positions.
The white metal gained Rs 405, to Rs 32,030 per kg, on the back of brisk buying by stockists and industrial units, in tandem with a firming global trend.
Being too aggressive or conservative in your approach to investment is as bad as being a habitual procrastinator. Here's solution to suit your temperament.