Gold Prices Today: Gold and silver prices edged higher today in Indian markets after a sharp fall last week. On MCX, gold rates were up 0.6% to ₹47004 per 10 gram while silver rose 0.6% to ₹68,789 per kg.
Gold Prices in India Move into Discount for First Time This Year
Physical gold prices in India moved to a discount over official domestic rates for the first time this as covid-related restrictions impacted retail demand. Dealers were offering a discount of up to $2 an ounce this week over official domestic prices, Reuters reported, as compared to previous week’s premium of $2.
Oil Trades Near $67 as India Demand Drop Curbs Recovery Optimism
Oil Trades rose toward $67 a barrel as weaker demand from virus-ravaged India partially offset optimism over the global economic recovery.
MCX Copper / Nickel Trading Tips Rocking Copper High 764.10 And Nickel Hit 1320 Boom Boom👍
MCX Copper / Nickel Trading Tips: Copper yesterday settled down by 0.17% at 761.6 as dropping premium signalled demand weakness in top consumer China at a time when prices were edging near a record high in London.
MCX Zinc Tips Today All Target Price Hit 230.40 to 233.45
MCX Zinc Tips Today: Zinc yesterday settled down by 0.11% at 234.65 but prices recovered from lows as speedy vaccination rollouts and trillions in dollars of economic stimulus lifted hopes of a robust global economic recovery and higher demand for metals.