The overall bias for MCX Gold December futures is likely to remain bullish as long as the contract sustains above Rs 53,850, and Silver above Rs 65,950.
It will be the costliest in Gurugram, with a kg of CNG priced at Rs. 87.89 from today
Ten gram of 22-carat gold is trading at Rs 49,700 today, according to the GoodReturns website.
Brent crude futures fell $1.80, or 2.2%, to $79.41 per barrel by 0940 GMT
Ten gram of 22-carat gold was trading at Rs 49,990 today, according to the GoodReturns website
Brent crude futures fell 64 cents, or 0.8%, to $82.06 per barrel by 0730 GMT, while US crude futures slid 73 cents, or 0.9%, to $76.55
Ten gram of 22-carat gold was trading at Rs 50,300 today
On the downside, Rs 5,850 seems to be a good support for Crude Oil; Whereas Natural Gas futures have multiple supports as per the daily chart.
Gold prices were flat on Wednesday, with investors readying themselves for the US Federal Reserve's rate-hike decision
Gold prices slipped as investors stayed on the sidelines awaiting US inflation data and the Federal Reserve's rate-hike decision
The bias for the remainder of December is likely to remain bullish as long as Gold futures trade above Rs 53,850. Meanwhile, near support for Silver is seen at Rs 67,500 - Rs 67,350 levels.
Higher interest rates tend to increase the opportunity cost of holding gold as it yields no interest
This has acted as a magnet for investors, and led to a record number of equity-trading and demat accounts being opened
From the high of $120 per barrel in June to the low of $75 per barrel in December, Brent crude oil prices have literally gone up and down. What will guide oil prices in 2023?
Brent crude futures were at $76.73 a barrel, up 58 cents, or 0.76%, at 0716 GMT, after dropping 1.3% on Thursday
24-carat gold is trading at Rs 54,000 per 10 grams
Silver prices fall by Rs 500 per kg, trading at Rs 65,500 today
The MCX Crude Oil and Natural Gas futures seem to be placed on a slippery ground on multiple time-frames, as per the charts.
Brent crude futures rose 17 cents, or 0.2%, at 0107 GMT to $79.52 a barrel. Last session the benchmark fell below $80 for the second time in 2022
Silver prices fall by Rs 500 per kg, trading at Rs 66,000 today