Commodity Watch

    28 May | 06:18PM
    FUTURES PRICE

    (Near month contract prices)
    Gold prices predicted to fall up to Rs 93,000/10 gms. Here’s what analysts say

    Gold prices predicted to fall up to Rs 93,000/10 gms. Here’s what analysts say

    Around 11 am, the metal saw buying interest from lower levels, rising 0.36% to trade at Rs 95,490 per 10 grams, a gain of nearly Rs 350 from Tuesday's closing price.

    Oil prices inch up as US bans Chevron from exporting Venezuelan crude

    Oil prices inch up as US bans Chevron from exporting Venezuelan crude

    Brent crude futures rose 47 cents, or 0.73%, to $64.56 a barrel by 0028 GMT, while U.S. West Texas Intermediate crude gained 49 cents, or around 0.8%, to $61.38 a barrel.

    Gold stages rebound as US dollar, Treasury yields slip

    Gold stages rebound as US dollar, Treasury yields slip

    Gold prices increased on Wednesday. The dollar weakened slightly, and U.S. bond yields decreased. Investors are waiting for the U.S. core Personal Consumption Expenditures (PCE) price index report. Donald Trump eased tariff threats on EU imports. U.S. consumer confidence improved in May. Neel Kashkari suggested keeping interest rates steady. Gold imports to Switzerland from the U.S. rose in April.

    Commodity Radar: Initiate long position on MCX Zinc futures for this target

    Commodity Radar: Initiate long position on MCX Zinc futures for this target

    Zinc prices slipped amid global metal weakness and weak Chinese demand. Despite China's economic support, sentiment stayed cautious due to US credit downgrade and trade tensions. Prices hovered in a tight range, with technical indicators hinting at a breakout soon.

    Top News

    Why are central banks choosing gold over Bitcoin? Peter Schiff revives debate amid record bullion buying

    Why are central banks choosing gold over Bitcoin? Peter Schiff revives debate amid record bullion buying

    Economist Peter Schiff reignites the gold vs. Bitcoin debate, questioning why central banks continue to record gold purchases over crypto. With over 1,000 metric tons of gold being bought annually, Schiff argues that gold’s stability and central bank trust underscore its dominance as a reserve asset amid global dollar scepticism, unlike Bitcoin, which remains volatile and unadopted institutionally.

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    Calendar Spread

    (Far - Near month contract)
    Commodities
    SPREAD (Rs)
    CHART (Day)
    Calendar Spread
    (Far - Near month contract)
    Calendar Spread means entering a long and short position on the same underlying asset futures but with different delivery months. The strategy to play with calendar spread is to understand how much premium/discount two different contracts are trading at.
    1131
    Graph
    Disclaimer:These Strategies are not ET recommended its a market overview.
    (Near Month Futures - Spot Price)
    COMMODITIES
    FUTURES (Rs)
    SPOT (Rs)
    PREM/DISC
    Calender Spread
    Premium = Futures Price > Spot Price
    Discount = Futures Price < Spot Price
    Its relevance in derivatives market is to understand the trend whether it’s bullish or bearish. Moreover it helps arbitrageurs and hedgers to decide on cost of carry.
    322.6
    230.4
    92.20
    9652.0
    7556.0
    2096.00
    76870.0
    60514.0
    16356.00
    95553.0
    75340.0
    20213.00
    97790.0
    90951.0
    6839.00
    97720.0
    90951.0
    6769.00
    Disclaimer:These Strategies are not ET recommended its a market overview.

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