Commodities - Angel One

Gold prices and equity market returns usually show an inverse relationship. When equities perform well, gold prices tend to remain subdued. However, the current scenario is unique: both the stock market and gold prices are simultaneously reaching record highs. Notably, the price of gold is surging not only in India but also globally. In the …

In the realm of commodities, precious metals have historically served as both a hedge against economic uncertainty and a lucrative investment channel. While gold often captures headlines with its glittering rallies, silver, with its dual status as both a precious and industrial metal, is now poised to dazzle investors and traders alike. Technical Perspective on …

The year 2024 has witnessed a phenomenal surge in gold prices, reaching a record high of Rs 6683.11ram in March 2024 This surpasses all previous records since the inception of gold futures contracts in 1974, solidifying gold’s status as a safe-haven asset in times of economic uncertainty. Month 22 Karat Gold Price in India (Rs …

In accordance with the Rules, Bye-Laws, and Business Rules of the Exchange, as well as the SEBI Circular regarding trading hours for the commodities derivatives segment, the Exchange has issued a directive notifying the market of revised trading hours. The trading hours will be adjusted starting on March 11, 2024, and concluding on November 01, …

Amid a complex economic landscape and heightened geopolitical tensions, gold, a traditional safe-haven asset, is poised to reach new all-time highs. Currently trading at USD 2,117.86 per ounce, the precious metal is approaching its peak of USD 2,146.79. This surge in gold prices is fuelled by a confluence of economic factors and global uncertainties, making …

MCX, India’s modern commodity derivatives exchange facilitating online trading of commodity contracts, experienced a technical glitch on Tuesday during the early morning session. The standard trading hours on weekdays, from Monday to Friday, are 9:00 AM to 11:30 PM, as indicated on the website. However, today, there is a discrepancy in the trading timing due …

Gold prices experienced a modest rise in Asian trade on Thursday, but concerns over the timing of the Federal Reserve’s interest rate cuts kept the precious metal below key levels. The surge in optimism towards the end of 2023, suggesting an early rate cut by March 2024, faced profit-taking at the onset of the new …

As we close the chapter on 2023, the last three weeks have revealed a compelling narrative in the U.S. petroleum market, accompanied by notable movements in West Texas Intermediate (WTI) and Brent crude oil prices. Let’s delve into the key highlights and their implications for the energy landscape. U.S. Petroleum Market Overview: Over the three-week …

The energy landscape is ever-changing, and staying abreast of the latest data is crucial for investors and industry stakeholders. In this comprehensive analysis, we will scrutinize the recent U.S. Energy Information Administration (EIA) data on crude oil, drawing comparisons between the past week and the current week. Additionally, we’ll explore other pertinent updates shaping the …

On December 7, 2023, the government limited the use of sugarcane juice and sugar syrup for ethanol production in ethanol supply year 2023-24 (November 2023 to October 2024). However, ethanol supply from existing bids received by oil marketing organisations from B heavy molasses, C heavy molasses, and cereals will continue. Background  The sugarcane and sugar …