Crude Oil Lower; Monthly Demand Reports in Focus
Oil prices fell Monday, consolidating after last week’s strong gains ahead of the release of demand forecasts from the OPEC and the IEA as well as a deluge of potentially influential economic data due this week. By 04:35 ET (09:35 GMT), U.S. crude futures traded 0.7% lower at $79.55 a barrel, while the Brent contract […]
Gold prices are down Rs 270 per kg, while silver is up Rs 60,000 per kg
On Thursday morning, gold prices in India fell by Rs 270 per gramme. After a Rs 250 drop, 10 gramme of 24-carat gold is trading at Rs 51,440, while 10 gramme of 22-carat gold is trading at Rs 47,150. The drop in gold prices comes after the US Federal Reserve raised interest rates for the […]
Today’s gold price is Rs 50,780 per 10 gramme, with silver at Rs 61,550 per kilogramme
On Wednesday, the price of 10 grammes of 24-carat gold increased by Rs 330 to Rs 50,780. Simultaneously, the price of one kilogramme of silver jumped from Rs 2,160 to Rs 61,550. The price of 10 grammes of 22-carat gold climbed by Rs 300 from the previous day’s rate to Rs 46,550. In Delhi and […]
Oil spikes to seven-year high as markets avoid Russian supply
Oil prices surged to seven-year highs on Wednesday as supply disruption fears mounted following hefty sanctions on Russian banks amid the intensifying Ukraine conflict, while traders scrambled to seek alternative oil sources in an already tight market. Brent crude futures gained $5.30, or 5%, to $110.23 a barrel at 0419 GMT, a level last seen […]
What is Capital Markets and What You Should Know About it?
What is Capital Market? Capital Markets are the exchange platform where the money of the investor is transferred to businesses that require the capital to finance various projects or investments. Types of Capital Markets Equity Securities: Equity Securities are traded on the share market and are essentially ownership shares of a business or venture. When […]
Gold Heads for Third Weekly Decline as Powell’s Speech Assessed
By Administrator_India Capital Sands Gold headed for a third weekly drop as investors weighed the impact of the Federal Reserve’s new approach to setting U.S. monetary policy, with a more relaxed stance on inflation. Chair Jerome Powell said that the Fed will seek inflation that averages 2% over time, a step that implies allowing […]
Gold Up at Near Nine-Year Record High Over Continued Market Uncertainty
By Administrator_India Capital Sands Gold climbed close to a nine year high on Thursday morning in Asia, with sluggish economic recovery and rising political tensions between the U.S. and China driving investors to the safe-haven asset. Gold futures were up by 0.15% to $1,867.85, not far below its record high of $1,920.70 in 2011. Stocks, which usually move […]
Gold Down Over New COVID-19 Vaccine Hopes, Continued Stimulus in Europe
By Administrator_India Capital Sands Gold was down on Friday morning in Asia over new hopes for COVID-19 vaccines coming out of both the U.S. and U.K., and the European Central Bank (ECB) signalling that it may leave interest rates and stimulus unchanged in the near future. Gold futures were down by 0.12% to $1,798.15, retreating […]
Oil slips as traders eye supply cut easing at OPEC meeting
By Administrator_India Capital Sands Oil slipped in early Asian trade on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up crude prices. Brent crude fell 27 cents to $42.97 a barrel, while U.S. West Texas Intermediate crude was […]
Oil falls on second wave outbreak fears, rise in U.S. inventories
By Administrator_India Capital Sands Oil prices fell on Wednesday on worries about a possible second wave of coronavirus cases in countries starting to ease lockdowns, while industry data showed a rise in U.S. crude inventories. The concerns overshadowed a further call by Saudi Arabia for larger production cuts to balance the market following a virus-induced demand slump […]