Gold Rs 1000 expensive.
New Delhi: Gold futures for June delivery on MCX have yet again soared above Rs 45,000 per 10 grams. Due to the stagnation in the dollar index, gold and silver prices are getting good support.
On Thursday gold prices for June delivery opened at Rs 45,420 per 10 grams against the close of Rs 64562. Meanwhile, Silver futures on MCX closed down by Rs 584 and slipped to Rs 64500. Although it is showing good recovery today, prices have once again reached above 65000 rupees per 10 grams. When compared to Tuesday of last week, gold has become expensive by Rs 1000 per 10 grams in a week.
: Tuesday, April 6, 2021, 4:08 PM IST
Exempt NCDEX, MCX, MSE, CDSL, NSDL and brokers from lockdown restrictions in Maharashtra, says stock brokers association
Stock Market
Exchanges namely NSE and BSE have been exempted from the partial lockdown ordered by the Maharashtra government. However, other exchanges like NCDEX, MCX, MSE; depositories namely CDSL and NSDL and broking services do not enjoy the same privilege.
Taking this into account, Association of National Exchanges Members of India (ANMI), the largest pan-India organisation comprising of over 900 stockbrokers, stated, âSince NSE and BSE are permitted to work, the intermediaries are also required to keep their offices open. Hence, we request the government to add stock brokers in the category of essential services to ensure they can provide services to their clients.â
The recent resurgence in Covid-19 cases and sporadic lockdowns across the globe might do little to add the lost sheen in gold prices due to the aggressive vaccination programme and the bleak possibility of a prolonged lockdown in emerging market countries like India, said analysts. However, on a long-term basis, they are quite bullish on the prospects of the yellow metal and believe a 20 per cent correction in the prices from here makes it a good buying opportunity.
Gold prices have skidded 24 per cent, from an all-time high of Rs 56,018 per 10 gram scaled in the spot market on the MCX as on August 7, 2020 to below Rs 46,000 level now.
Prices low as compared to August 2020 record.
New Delhi: For those looking to buy gold at great prices, the current period seems the right opportunity to do so. Though gold prices are trading flat on MCX on Monday, the prices of the yellow metal are still nearly Rs 10,800 lower than the rates as compared to August.
Gold futures for June delivery on MCX have remained above Rs 45,000 today, starting on a flat note. The silver futures on MCX have slipped below Rs 65000 per kg after starting over 65,000 per kg. On Thursday, gold was seen moving around in a flat range, however in the last hour, good trading was witnessed. Last week, gold rose more than 700 rupees per 10 grams.
Mentha oil prices edged lower on Monday amid lukewarm demand in the spot market. At 5:09 pm, mentha oil futures trading on the Multi Commodity Exchange (
MCX) traded lower by Re 1, or 0.1 per cent, at Rs 961.50 a kg, having moved in the Rs 954-968 range earlier in the session.
In the previous session, mentha oil had declined 0.23 per cent to settle at Rs 962.50 a kg.
Ajay Kedia, Managing Director at brokerage Kedia Advisory, said sowing is going on for the commodity, and industry demand may increase in the coming summer season.
Some estimates shows mentha sowing in the country can match last year s levels.