Latest news with #MultiCommodityExchange
Mint
16 hours ago
- Business
- Mint
MCX Gold rate continues to trade higher. Is it the right time to buy gold or book profit?
Gold rate today: Gold prices surged by ₹ 236 to ₹ 1,01,102 per 10 grams in futures trade on Wednesday, driven by renewed buying interest from speculators amid strong demand in the physical market. On the Multi Commodity Exchange (MCX), gold futures for October delivery rose ₹ 236 or 0.23 per cent, reaching ₹ 1,01,102 per 10 grams, with a trading volume of 15,059 lots. However, on the global front, spot gold slipped 0.1 per cent to $3,376.69 per ounce, following a near two-week high reached on Tuesday. Meanwhile, U.S. gold futures also edged down 0.1 per cent to $3,432.40. Trump once again warned of imposing higher tariffs on Indian goods due to its continued purchases of Russian oil. In response, New Delhi dismissed his remarks as "unjustified" and asserted it would safeguard its economic interests, further intensifying the trade tensions between the two nations. ' Gold prices extended gains for a fifth straight session, helped by prospects of lower U.S. interest rates, while investors looked forward to President Trump's decision on Federal Reserve appointments. President Trump said he would announce decisions soon on a short-term replacement for Federal Reserve Governor Adriana Kugler, who announced her resignation on Friday, as well as his pick for the next Fed chair,' said Manav Modi, Analyst – Precious Metal Research, Motilal Oswal Financial Services Ltd. According to Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, Gold traded weak by ₹ 400 at ₹ 1,00,780 as Comex gold faced resistance near the $3370–$3375 zone, while the rupee holding firm around 87.80 added slight pressure to domestic prices. ' Market participants are watching Manufacturing PMI numbers, but the primary focus remains on trade tariff developments, with the U.S. looking to recalibrate tariffs in its favor. Despite the short-term dip, gold continues to price in the broader impact of trade tariff uncertainty and dollar weakness, keeping the overall trend supported. Gold is expected to trade in a volatile range of ₹ 99,000– ₹ 1,01,500,' Trivedi said. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Deccan Herald
17 hours ago
- Business
- Deccan Herald
Crude oil futures gain on spot demand
New Delhi, Crude oil prices on Wednesday rose Rs 15 to Rs 5,763 per barrel in futures trade as participants increased their positions following a firm spot the Multi Commodity Exchange, crude oil for August delivery traded higher Rs 15 or 0.26 per cent at Rs 5,763 per barrel in 8,675 said raising of bets by participants kept crude oil prices higher in futures West Texas Intermediate crude was trading 0.58 per cent higher at USD 65.54 per barrel while Brent crude rose 0.62 per cent to USD 68.06 per barrel in New York.
News18
2 days ago
- Business
- News18
Silver futures rise on fresh positions
Agency: PTI Last Updated: New Delhi, Aug 5 (PTI) Silver prices on Tuesday increased Rs 26 to Rs 1,12,262 per kilogram in futures trade as participants increased their bets. On the Multi Commodity Exchange, silver contracts for September delivery appreciated Rs 26 or 0.02 per cent at Rs 1,12,262 per kg in a business turnover of 18,706 lots. Fresh positions built up by participants led to a rise in silver prices, analysts said. However, silver was trading 0.13 per cent lower at USD 37.36 per ounce in New York. PTI ANU ANU view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Upturn
2 days ago
- Business
- Business Upturn
MCX share: UBS maintains buy with Rs 10,000 target, bullish on product pipeline and retail traction
By Arunika Jain Published on August 5, 2025, 08:06 IST UBS has reaffirmed its 'Buy' rating on Multi Commodity Exchange (MCX) with a target price of ₹10,000, citing strong growth catalysts from new product launches, rising retail participation, and strategic focus on liquidity enhancement. The stock is currently trading at ₹7,983, offering significant upside potential. UBS highlights key growth drivers for MCX UBS identified three major takeaways from the recent investor call. First, MCX is focused on expanding its product portfolio, particularly with cash-settled index options, which are expected to attract higher participation. Second, there is a notable increase in retail activity, especially in popular bullion contracts like Gold Ten, indicating rising market depth. Third, MCX is actively pursuing initiatives to improve liquidity in electricity derivatives, including incentive-driven schemes aimed at broader participation. MCX stock split and valuation outlook The company's board has also approved a stock split in a 1:5 ratio, which is expected to improve accessibility and trading volumes among retail investors. UBS believes the combination of product innovation, retail momentum, and market development initiatives positions MCX strongly for long-term growth. Brokerage view summary: Brokerage Rating Target Price Key Takeaways UBS Buy ₹10,000 Positive on index options, retail in bullion, and electricity derivatives liquidity push Disclaimer: This article is based on brokerage reports and is for informational purposes only. It does not constitute investment advice. Investors should consult their financial advisors before making investment decisions. Ahmedabad Plane Crash Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at You can write to her at [email protected]
News18
3 days ago
- Business
- News18
Silver futures jump Rs 885 to Rs 1,11,143/kg
Agency: PTI Last Updated: New Delhi, Aug 4 (PTI) Silver prices on Monday jumped Rs 885 to Rs 1,11,143 per kilogram in futures trade as participants increased their bets. On the Multi Commodity Exchange, silver contracts for September delivery increased by Rs 885 or 0.8 per cent to Rs 1,11,143 per kg in a business turnover of 20,675 lots. Fresh positions built up by participants led to a rise in silver prices, analysts said. Globally, silver for September contract was trading 0.12 per cent higher at USD 37.08 per ounce in New York. PTI DR DR SHW Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
