News

New Delhi: Gold price in the national capital fell Rs 66 to Rs 50,516 per 10 grams on Thursday due to weak global trends, according to Securities. In the previous trade, the precious metal had settled at Rs 50,582 per 10 grams. Silver, however, climbed Rs 101 to Rs 56,451 per kilogram from Rs 56,350

There were so many important headlines last week. USD/JPY surged to new 32-year high with support from stronger than expected CPI, and as 10-year yield broke 4% handle. Japan maintained their stance that they will act resolutely on market volatility, without actual intervention. DOW staged a historic 1500pts U-turn on Thursday but gave up much

The markets continued what was started yesterday with stocks higher, yields lower, the dollar lower in early trading today. The retail sales data came in sufficiently mixed and suggested a slowing of demand especially in light that the retail sales are not adjusted for inflation meaning the 0.0% reading for the headline and the core

Mounting concerns over slowing demand from the top commodity consumer China, recession worries in top economies, and a strong US dollar weighed down base metals. Prices decreased heavily from the first quarter of the year when commodity prices rallied to multi-year highs immediately after the Russian invasion of Ukraine. China’s demand for industrial metals has

Dollar surges further in early US session against Yen, after BoJ Governor Haruhiko Kuroda dropped no hint on intervention despite today’s Yen selloff. Indeed, he noted that Yen depreciation could be could for the economy as a whole, just that speculation driven move is bad. But the greenback is actually struggling to gain against other

The People’s Daily was out today with an editorial saying China “will stick with zero-covid strategy to avoid huge losses arising from losing control of the epidemic.” It’s the third straight day of editorials endorsing the policy that’s increasingly leaving China at odds with the world and its economy suffering. A day earlier, an editorial

Gold prices in the national capital fell by Rs 20 to Rs 51,155 per 10 grams on Wednesday, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 51,175 per 10 grams. Silver also declined by Rs 473 to Rs 58,169 per kg from Rs 58,642 per kg. In the

After a brief recovery, risk sentiment turned sour again towards the end of the week. Solid data from the US that solidify expectation for continuous aggressive Fed actions was a factor. Strong rebound in oil price also raised concern of a second wave in inflation. The overall development suggests that risk sentiment remains fragile, and

Markets: Gold down $16 to $1695 US 10-year yields up 6 bps to 3.88% WTI crude up $4.06 to $92.51 S&P 500 down 115 points to 3629 USD leads, NZD lags The Fed-pivot talk went down in flames today and it didn’t even take a big surprise in the jobs report. The headline was basically

Pulses prices have shot up during the recently concluded monsoon season, especially Kharif pulses, owing to lower production estimates compared to the last year, propelled by the erratic rainfall distribution in the key producing states like Maharashtra and Karnataka, and lower crop area this year as farmers shifted to competitive crops. Tur (Arhar) dal prices

European majors are trading generally higher today, as led by Euro this time. In particular, Euro looks set to reclaim parity against Dollar with current rebound. On the other hand, commodity currencies are trading lower together with Yen. Aussie is under renewed selling pressure, as traders continue to assess RBA’s smaller than expected rate hike.

The pivot from the RBA is being taken as a signal that the Fed could be closer to the end of the line that believed. The terminal rate for March sits at 4.43% in the Fed funds futures market while there’s a bid in bonds again today. Economic data today will all come at 10

Gold prices in the national capital jumped Rs 980 to Rs 51,718 per 10 grams on Tuesday amid a rally in the prices of precious metal in the international market, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 50,738 per 10 grams. Silver prices zoomed by Rs 3,790

Dollar is lifted mildly after stronger than expected core PCE inflation reading. But overall markets are relatively quite in quarter-end trading. Sterling is still keeping its place as the strongest one for the week, but rebound appears to be losing some momentum. Euro is following as second, and then Swiss Franc. Yen is among the

The major US indices are opening mixed close to unchanged levels. The major indices erased the premarket gains that saw the Dow industrial average up around 200 points at its highs. The S&P index today is getting closer to its rising 200 week moving average which currently comes in at 3589.57. The low price in

Gold price in the national capital rose by Rs 406 to Rs 50,722 per 10 grams on Friday amid a rally in the international yellow metal prices, according to Securities. In the previous trade, the precious metal had closed at Rs 50,316 per 10 grams. Silver also jumped by Rs 905 to Rs 57,436 per

Dollar is extending its broad-based rally today. But other positions are somewhat changing. Sterling is now recovering as traders take profit, while awaiting an unconfirmed statement from BoE. Euro is also paring some recent losses. Meanwhile, Swiss Franc, Yen and Canadian soften in general. Australian and New Zealand Dollar are mixed. Technically, while Sterling recovers,

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not