Gold prices rose on Tuesday, buoyed by economic uncertainties including the U.S. debt ceiling stand-off as traders braced for inflation readings that could…
The recent downward pressure in Indian equity markets coupled with the concerns emanating from the Omicron variant globally is expected to keep gold prices high in the near-term.In addition, pent-up demand for the yellow metal for marriages and .
The recent downward pressure in Indian equity markets coupled with the concerns emanating from the Omicron variant globally is expected to keep gold prices high in the near-term.
Mentha oil may be warming up for a breakout
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Last Updated: Apr 22, 2021, 10:08 PM IST
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With the harvesting season just 3-4 weeks away, there seems to be no major reason for a sudden spike in mentha oil, added Katariya, who expects the spot price to remain in the Rs 950-1,200 range for next three months.
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In the spot market, mentha oil declined by Rs 13.8, or 1.29 per cent, to Rs 1,052. Mentha oil has lagged behind most agri-commodities in the recent past.
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Mentha oil jumped more than 1 per cent on Thursday to touch the highest level recorded in a week. On the Multi Commodity Exchange (
Spot silver eked out a gain of 0.07 per cent to quote at $25.85 per ounce.
Back home, gold and silver of 99.9 per cent purity stood at Rs 47,174 per 10 grams and Rs 68,608 per kilogram in the spot market, respectively, according to Mumbai-based India Bullion and Jewellers Association (IBJA), an industry body. Both prices exclude GST.
#Gold and #Silver Opening #Rates for 20/04/2021#IBJA https://t.co/BuBnovhYIc IBJA (@IBJA1919) 1618900796000
What analysts say The rebound in US yields overpowered the support from the sagging dollar. Market participants could receive certain updates regarding the $2 trillion infra plan after US President Joe Biden s meet with certain lawmakers yesterday, said Navneet Damani, VP-Commodities Research, Motilal Oswal Financial Services.