Sensex: 83,409.69 (-0.20%)

Nifty: 25,405.30 (-0.19%)

anubhai angaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

Technology . Transparency . Trust

Contact Us
Apply For IPO

MARKET

Commodity News Details
Weekly Gold Review: COMEX Futures See Volatile Moves Amid Middle East Tensions
20-Apr-2024 12:17
Gold futures saw volatile moves after hitting fresh highs of around $2450 per ounce. The metal eased from these levels but was supported by safe-haven demand amid rising geopolitical risks in the Middle East. The metal has gained over 15% so far this year and closed the last week just above $2400 per ounce mark. Recent geopolitical events include Israeli missiles targeting a site in Iran, believed to be in retaliation for an attack on Iran's embassy in Syria. Gold also tracked a moderation in Indian bullion demand trends following the massive spurt in prices over last few weeks. Local retail sport Gold prices have hit Rs 73000 per 10 grams in major trading centres compared to around Rs 63000 per 10 grams at the start of the year 2024. This is being reflected in the import figures too. India's Gold imports stood at Rs 12722.03 crore in value terms in March 2024, down 53% compared to March 2023. Gold imports in FY24 rose by 34.50% compared to FY23. MCX Gold futures had almost hit Rs 74000 per 10 grams mark in mid April 2024 before moderating and have been consolidating just under Rs 73K thereafter.

Powered by Commodity Insights

Attention Investor
As per CDSL communiqué Kindly update your Email ID, Mobile Number & Income Range in CDSL demat Account on or before 31st May 2021, Non Compliance Account will be INACTIVE after 31st May 2021. | Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors.  | "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account." | "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."    Prevent unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day .......... Issued in the interest of Investors.