Sensex: 83,239.47 (0.23%)

Nifty: 25,461.00 (0.22%)

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

Technology . Transparency . Trust

Contact Us
Apply For IPO

MARKET

Commodity News Details
Precious Metals Preview: COMEX gold rebounds as geopolitical tensions escalate
02-Jun-2025 08:50

COMEX Gold futures are seen rebounding in early Asian trades on Monday morning in Asia following choppy trade last week. The yellow metal is currently seen trading higher at $3328.20 an ounce tracking slide in dollar index back below 100 mark. US President Donald Trump claimed on Friday that China had violated their trade agreement. This, in turn, has fueled uncertainty in global markets and provided some support to the Gold price. Escalating geopolitical tensions in the Middle East also underpinned the yellow metal. The counter had tested one and half week lows around $3270 per ounce as easing trade tensions curbed demand for safe-haven assets in the previous week. Meanwhile, the Reserve Bank of India's gold reserves rose 57.48 metric tonnes YoY to 879.58 tonnes as of March 31, 2025. Value of gold imports in India also gained by 27.4 per cent (y-o-y) in 2024-25 to US$ 58.0 billion, driven by higher international prices even as total volume contracted, the central bank noted. The metal ended around $3310 per ounce, ending the month of May 2025 on a flat note.

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.