PRECIOUS METALS

Commodity strategies: Gold, silver, crude, base metals

Bullion prices traded under pressure with rise in bond yields as vaccine rollouts boosted economic growth optimisms. The risk on sentiments drove investors out of precious metals.

Commodity strategies: Gold, silver, crude, base metals

Bullion prices traded higher supported by weaker dollar. The dollar index was down by 0.20 per cent in the morning trade boosting buying in precious metals.

Commodity strategies: Gold, silver, crude, base metals

Crude oil prices pared weekly losses on geopolitical tensions on Iran while base metals gained on demand growth optimism. The dollar index ended 0.62 per cent down for the week.

Commodity strategies: Gold, silver, crude, base metals

Bullion prices pared weekly gains with gold prices falling nearly 1% while crude oil prices declined in lower demand outlook. The dollar index ended marginally up recovering from recent lows for the day.

Commodity strategies: Gold, silver, crude, base metals

Crude oil prices continued surging to multi-month highs on stronger demand prospects. Bullion prices gained on weaker dollar over stimulus hopes.

Commodity strategies: Gold, silver, crude, base metals

Bullion prices traded up from the support levels on disappointing US payroll data and stimulus hopes. However, continuous dollar strengthening has capped the upside in precious metals.

Gold and silver retreat as dollar gains upper hand

Spot gold dropped 0.9% to $1,818.00 an ounce by 1307 GMT after touching a two-month low. U.S. gold futures fell 1% to $1,817.20.

Commodity strategies: Gold, silver, crude, base metals

Silver prices retreated from recent highs on higher margins while crude oil prices continued to soar on supportive fundamentals. The dollar index continued to weigh on commodity prices which gained by 0.24 per cent for the day.

Spot silver prices were down 4.2% at $27.77 an ounce as of 0730 GMT

Gold tanks Rs 1,324; silver jumps Rs 3,461

Silver, in contrast, jumped Rs 3,461 to Rs 72,470 per kilogram from Rs 69,009 per kilogram in the previous trade.

Commodity strategies: Gold, silver, crude, base metals

Bullion prices surged on easy monetary policy from major central banks while dollar fell for the third straight day on stimulus hopes. The profit booking in Bitcoin also boosted buying in precious metals.

After golden year for precious metals, silver set to shine in 2021

The pandemic triggered stockpiling by investors looking to protect their wealth. This, alongside supply deficits, pushed gold and palladium prices up by more than 20% this year, while silver rose 47%, and platinum 10%.