#MCX gold futures

[currentmediasstuff]

Gold Rate Today: 22 Carat and 24 Carat Prices Inch Higher

On Friday, MCX Gold futures for June expiry showed a 1.26 percent increase, reaching Rs 71,540 per 10 grams.

MCX Gold futures for June expiry continued their upward trend, rising by 1.26 percent or Rs 904 to Rs 72,543 per 10 grams on Friday, May 10. Meanwhile, MCX Silver futures for July expiry also saw a 1.23 percent increase to 85,540.00 per kg. This surge in gold prices was fueled by speculators establishing fresh positions due to a robust spot demand.

According to PTI, the increase in gold prices was driven by the creation of new positions by market participants.

As reported by GoodReturns, the price of gold saw a slight decrease, with 22 karat gold priced at Rs 6,700 per gram and 24 karat gold (also known as 999 gold) at Rs 7,309 per gram.

Here’s a snapshot of gold prices in major cities:

New Delhi: Rs 6,715 per gram for 22 karat gold and Rs 7,324 per gram for 24 karat gold.

Mumbai: Rs 6,700 per gram for 22 karat gold and Rs 7,309 per gram for 24 karat gold.

Chennai: Rs 6,705 per gram for 22 karat gold and Rs 7,315 per gram for 24 karat gold.

Ahmedabad: Rs 6,705 per gram for 22 karat gold and Rs 7,314 per gram for 24 karat gold.

Gold prices recorded a 1 percent increase on Friday, indicating potential gains for the week, driven by optimistic sentiments surrounding US economic data that suggest a possible interest rate cut from the Federal Reserve.

Spot gold climbed 1 percent to $2,369.35 per ounce by 0708 GMT, marking its highest level in over two weeks. This week alone, prices have surged by 3 percent.

US gold futures also saw a 1.5 percent rise, reaching $2,375.60.

[study-buddies]

Gold Price Today Inches Higher: Here's the Latest Update

Gold prices are on the move again, with MCX Gold futures for June expiry inching 0.15 per cent higher to reach 71,261.00 for 10 grams. Meanwhile, MCX Silver futures for July expiry also saw a slight increase, inching up by 0.39 per cent to 82,632.00.

According to GoodReturns, the price of gold saw a modest rise of Rs 30, standing at Rs 6,635 per gram for 22 karat gold and Rs 7,238 per gram for 24 karat gold (also known as 999 gold).

Here’s a look at the gold prices in key cities:

New Delhi: Gold price in Delhi today is Rs 6,650 per gram for 22 karat gold and Rs 7,253 per gram for 24 karat gold (also known as 999 gold).

Mumbai: Gold price in Mumbai today is Rs 6,635 per gram for 22 karat gold and Rs 7,238 per gram for 24 karat gold (also known as 999 gold).

Chennai: Gold price in Chennai today is Rs 6,640 per gram for 22 karat gold and Rs 7,243 per gram for 24 karat gold (also known as 999 gold).

Ahmedabad: Gold price in Ahmedabad today is Rs 6,640 per gram for 22 karat gold and Rs 7,243 per gram for 24 karat gold (also known as 999 gold).

Spot Gold

Gold prices are holding steady, supported by safe-haven demand for bullion amidst uncertainty surrounding the Gaza ceasefire.

Spot gold remained steady at $2,320.69 per ounce after a more than 1 per cent increase in the previous session. US gold futures were flat at $2,328.40.

“Gold has been slowly building a base for the past week, showing demand around $2,280. The Fed continues to make noise about the next move likely to be lower, and that’s certainly helped shake a few bears out at these lows,” said City Index senior analyst Matt Simpson, as reported by Reuters.

Stay tuned for further updates on gold prices and market trends.

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[todayworldnews2k21]

Gold trading Strategy: Avoid large short positions; check key levels here

Gold(Photo: Shutterstock) 3 min read Last Updated : Oct 11 2024 | 8:27 AM IST Gold – Up on disappointing US job data with geopolitics in focus Performance Click here to connect with us on WhatsApp Spot gold at the time of the MCX closing was trading at $2624, up around 0.55 per cent on the day. The MCX December Gold contract at Rs 75,152 (LTP) was up nearly 0.30 per cent.   Gold rose after…

[businessviewpointmag]

Gold and Silver Prices See Fluctuations Amid Changing Market Dynamics

Gold and Silver Prices Show Regional Variation

Gold prices remained stable across India on Tuesday, with slight regional differences in pricing. The cost of 24-carat gold settled at ₹7,893.3 per gram, while 22-carat gold was priced at ₹7,237.3 per gram. Over the past week, 24-carat gold prices rose by 1.24%, although prices experienced a 2.14% decrease over the last month. Silver traded at ₹96,100 per kg on the national level. Notable regional prices for gold were recorded in Delhi at ₹78,933 per 10 grams, Chennai at ₹78,781, Mumbai at ₹78,787, and Kolkata at ₹78,785 per 10 grams. Silver prices also showed some variation, with rates in Delhi at ₹96,100 per kg, Chennai at ₹104,700, Mumbai at ₹95,400, and Kolkata at ₹96,900.

Daily and Weekly Price Movements for Gold and Silver

In Delhi, gold experienced a slight drop from ₹79,533 on Monday to ₹78,933 on Tuesday, and a more significant decline from last week’s price of ₹80,523. Similarly, silver prices in Delhi saw a decline from ₹97,100 on Monday and from ₹99,100 the previous week to the current rate of ₹96,100. Chennai saw gold prices dip from ₹79,381 on Monday to ₹78,781 on Tuesday, with a weekly decline from ₹80,371. Silver prices in the city also fell from ₹105,700 on Monday and ₹107,700 last week to ₹104,700. Mumbai’s gold price followed a similar trend, dropping from ₹79,387 on Monday to ₹78,787 on Tuesday and down from ₹80,377 last week. In Kolkata, the Tuesday price for gold was ₹78,785 per 10 grams, compared to ₹79,385 on Monday and ₹80,375 last week, with silver prices similarly declining from ₹97,900 on Monday and ₹99,900 the prior week to ₹96,900.

Market Factors Influencing Gold and Silver Prices

On the Multi Commodity Exchange (MCX), February 2025 gold futures traded at ₹76,025 per 10 grams, reflecting a slight decrease of 0.021% at the time of publication. In contrast, silver May 2025 futures saw a modest uptick of 0.14%, trading at ₹93,276 per kg. Fluctuations in gold and silver prices are attributed to a range of factors including shifts in international demand, currency value changes, interest rates, and domestic government policies. Market experts and jewelers indicate that factors like the global economic climate, changes in the US dollar value, and international events play crucial roles in the Indian precious metals market. The interplay of these elements continues to influence price movements, making gold and silver prices dynamic and subject to change based on evolving global and local conditions.

[tfatrading]

Discover the current MCX gold rate 24 carat today in India, along with detailed insights into gold pricing, purity, investment options, and forecasts for gold rates.

[intensifyre]

Gold price today: Yellow metal rises as dollar sees profit booking; experts share key levels for MCX Gold rate

Take advantage of our 2-day free trial and flat 10% discount on all services. Our expert research and market analysis will guide investors in making informed and worthwhile decisions. to visit- https://intensifyresearch.com/

[odnewsin]

Gold prices set to fall further after Donald Trump’s win

New Delhi: Gold prices continue to fall after the US presidential election and Thursday, the December future contracts of gold on MCX opened with a decline of 0.37 per cent at Rs 76,369 per 10 grams, while silver December future contracts were trading 0.24 per cent low at Rs 90,601 per kg. After the US elections, in the last two days, gold prices have fallen by Rs 2,100 per 10 grams and silver…

[recentlyheardcom]

Commodity Trading – Advantages & Disadvantages

Author Awadesh Chawda Published December 31, 2011 Word count 394 Commodity futures markets allow commercial producers and commercial consumers to offset the risk of adverse future price movements in the commodities which include mcx gold tips, silver tips and that they are selling or buying. Advantages of commodity trading Leverage: Commodity futures operate on margin, meaning that to take a…

[healthandwealthonline]

Gold prices today rise after 3-day fall but still down ₹5000 from recent highs | Mint - Mint

Gold and silver prices in India today edged up amid a selloff in global equities. On MCX, October gold futures rose 0.3% to ₹50,911 per 10 gram while silver futures advanced 0.23% to ₹67,080 per kg. Gold prices had fallen for three days in a row, prior to today. In the previous session, gold futures had declined 0.12% per 10 gram while silver had plunged about 2% or ₹1,300 per kg. Gold prices in…

[finance-planner]

Commodities are everyday goods like metals, energy, and agricultural products. Commodity trading involves buying or selling these goods, or financial instruments based on them, to profit from price fluctuations.

While the stock market often dominates headlines, commodity trading in India has grown significantly in recent years. Here's a breakdown of the essentials:

Options Trading: This popular method uses call and put options to capitalize on price movements. Options offer flexibility and potentially high returns, but losses are capped at the option's price.

Market Categories: The commodity market is divided into four main categories: metals (gold, silver, etc.), energy (oil, gas), livestock and meat, and agricultural products (corn, wheat, rice, etc.).

Trading Platforms: Before you invest, knowing the major exchanges is crucial. These include MCX (the largest), NCDEX, NMCE, ICEX, ACE, and UCX. MCX brokers act as intermediaries between traders and the exchange.

Benefits of Investing: Consider commodity trading to:

Diversify your portfolio.

Hedge against inflation, as commodities can retain value.

Trade on lower margins for potentially higher profits.

Mitigate risks from natural disasters, wars, and economic crises.

Trading Methods: Use future contracts to buy or sell a commodity at a predetermined price in the future. This is a common way to start trading in India. Additionally, some investors use Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs) to participate in commodity price movements.

This basic overview equips you to understand the core concepts of commodity trading in India. Feel free to share any further suggestions for aspiring commodity traders in the comments below!

[tradings-investments]

Golden Opportunities: A Closer Look at Commodity Trading in India 

In the dynamic landscape of India's financial markets, one sector that has been gaining significant attention is commodity trading. The realm of commodities, ranging from precious metals like gold and silver to agricultural products like wheat and soybeans, presents a multitude of opportunities for investors. As we delve into the intricacies of commodity trading in India, it becomes evident that beneath the surface lies a golden opportunity for those who understand the nuances of this market. 

Understanding the Basics 

Commodity trading involves the buying and selling of physical goods in the form of contracts. These contracts, often standardized, represent a certain quantity and quality of a commodity. In India, major commodity exchanges such as the Multi Commodity Exchange (MCX) and the National Commodity and Derivatives Exchange (NCDEX) facilitate the trading of a wide array of commodities. From bullion and base metals to energy and agri-commodities, the market is diverse, catering to various investor preferences. 

The Role of Agriculture in Commodity Trading 

Agricultural commodities hold a special place in India's commodity market. Given the country's agrarian economy, products like wheat, rice, and pulses are not just essential for sustenance but also significant in the commodity trading domain. Farmers, traders, and investors alike engage in futures contracts to hedge against price volatility, thereby mitigating risks associated with agricultural production. The intricacies of weather patterns, government policies, and global demand contribute to the dynamic nature of agricultural commodity trading. 

Precious Metals: A Shining Star 

When it comes to commodities, the allure of precious metals is undeniable. Gold, in particular, holds cultural and financial significance in India. Traditionally considered a safe-haven asset, gold often witnesses heightened demand during times of economic uncertainty. The commodity market allows investors to participate in the gold trade without physically owning the metal. This flexibility, combined with the potential for significant returns, makes precious metals an attractive option for those navigating the complexities of commodity trading. 

Energy Commodities and Their Impact 

Energy commodities, including crude oil and natural gas, play a pivotal role in shaping the global economy. India, being a major consumer of energy, closely monitors the fluctuations in these markets. Commodity trading in energy allows businesses to hedge against the volatility in fuel prices, ensuring stability in their operations. For investors, this presents an opportunity to capitalize on the ever-changing dynamics of the energy sector, influenced by geopolitical events, supply and demand factors, and global economic conditions. 

The Risks and Rewards 

While commodity trading offers lucrative opportunities, it is not without its challenges. Price volatility, geopolitical uncertainties, and regulatory changes can impact the market significantly. Successful commodity trading requires a deep understanding of market trends, risk management strategies, and continuous monitoring of global factors influencing commodity prices. Traders must be prepared to navigate the inherent risks to unlock the golden rewards that commodity markets can offer. 

Government Initiatives and Policies 

The Indian government plays a crucial role in shaping the landscape of commodity trading. Various initiatives and policies aim to enhance transparency, protect the interests of market participants, and foster the growth of the commodity market. Understanding the regulatory environment is essential for traders and investors to make informed decisions and navigate the market with confidence. 

Technological Advancements in Commodity Trading 

In recent years, technological advancements have transformed the landscape of commodity trading. Online platforms, mobile applications, and algorithmic trading have made it easier for investors to participate in the market. Real-time data, analytical tools, and automated trading systems empower traders to make informed decisions and execute trades swiftly. This integration of technology has not only increased efficiency but has also attracted a new wave of tech-savvy investors to the world of commodity trading. 

Conclusion: Seizing the Golden Opportunities 

Commodity trading in India is a realm of vast potential, offering a diverse range of opportunities across various sectors. From agriculture to precious metals and energy, each commodity brings its own set of challenges and rewards. As India continues to evolve as a global economic player, the commodity market is likely to play an increasingly significant role in shaping the country's financial landscape. 

For those willing to delve into the complexities of commodity trading, the golden opportunities are abundant. However, success in this domain requires a combination of market understanding, risk management, and the ability to adapt to the ever-changing global landscape. As we navigate the intricate world of commodities, it becomes clear that the golden opportunities are not just in the commodities themselves but in the knowledge and strategic insights that savvy investors bring to the table. As the Indian commodity market continues to shine, it beckons those with a keen eye and a strategic mindset to seize the golden opportunities it presents.

[blogynews]

"The Mysterious Dance of Precious Metals: Why Did Gold Prices Take a Dive While Silver Holds Steady? Uncover the Latest Rates in Mumbai, Delhi, Chennai, and Kolkata!"

Gold prices experienced a decline on the MCX on September 28, while silver prices remained relatively stable. At 10:42 am, gold futures were at Rs 58,175 per 10 grams, showing a decrease of Rs 108. On the other hand, silver futures expiring in December stood at Rs 71,565 per kilogram, reflecting a gain of Rs 16. According to GoodReturns, the price of 22-carat gold and silver in the morning of…

[blogynewz]

"The Mysterious Dance of Precious Metals: Why Did Gold Prices Take a Dive While Silver Holds Steady? Uncover the Latest Rates in Mumbai, Delhi, Chennai, and Kolkata!"

Gold prices experienced a decline on the MCX on September 28, while silver prices remained relatively stable. At 10:42 am, gold futures were at Rs 58,175 per 10 grams, showing a decrease of Rs 108. On the other hand, silver futures expiring in December stood at Rs 71,565 per kilogram, reflecting a gain of Rs 16. According to GoodReturns, the price of 22-carat gold and silver in the morning of…