Commodity Watch
Gold price today: Gold prices remain flat around Rs 76,650/ 10 g, silver at Rs 97,260/kg
Gold prices remained steady on Saturday, with gold at Rs 76,650/10 grams and silver hovering around Rs 97,260/kg. MCX April futures saw gold at Rs 85,820/10 grams, while silver May futures closed at Rs 97,280/kg. Key resistance levels and economic data keep affecting the gold market.
Gold Price Today: Yellow metal prices open at Rs 85,370/10 gm, rise by Rs 1,500/10 gm this week
Gold April futures rose Rs 1,500 this week, while silver May futures fell 0.26%. International markets remained steady ahead of US job data. A weaker dollar supported prices, but rising bond yields limited gains. Analysts predict volatility, with key gold and silver support levels at $2,860 and $32.20 per troy ounce, respectively.
Oil set for biggest weekly drop since October on tariff uncertainty, supply gains
Oil prices remained almost unchanged but faced their biggest weekly decline since October. Uncertainty around U.S. tariff policy has raised concerns about demand growth, while major producers are set to increase output. The fluctuating U.S. trade policy and an increase in output quotas by OPEC+ are affecting oil markets. Additionally, the U.S. is considering steps to halt Iranian oil exports.
Gold poised for weekly gain; US payrolls data on tap
Gold prices dipped slightly on Friday but are set for a weekly gain amid uncertainties surrounding U.S. President Trump's tariff decisions. Investors await key U.S. non-farm payrolls data. Bullion is up 1.6% this week, while U.S. jobless claims fell more than anticipated, indicating a stable labor market. Spotlight also on the Federal Reserve's rate decisions.
Top News
Oil steadies after multi-day plunge but traders wary of tariff, supply impacts Crude oil price falls to $70 per barrel. Emkay likes these stocks Oil falls as OPEC+ plans to raise output, U.S. tariffs hammer sentiment Gold slips as Treasury yields climb; Trump tariff moves on radar Gold Price Today: Yellow metal rises by Rs 1,300/10 gm in 2 days amid global trade war uncertainties Oil prices slide on Ukraine aid pause, tariffs and OPEC+ output increase Gold holds steady with all eyes on Trump's tariff plans
Falling global crude to soften inflation blow from weak rupee
India's central bank may have room for monetary easing due to the faster decline in global crude oil prices counterbalancing the rupee's fall against the US dollar. The falling price of Brent crude mitigates imported inflation risks, potentially easing consumer prices and supporting further rate cuts by monetary authorities.
Calendar Spread
(Far - Near month contract)
Premium = Futures Price > Spot Price
Discount = Futures Price < Spot Price