Gold has support at Rs 55,640-55,450 and resistance is at Rs 56,120, 56,350. Silver has support at Rs 68,450-68,020, while resistance is at Rs 69,520–69,980, says Rahul Kalantri of Mehta Equities
According to Geojit , Spices was complex was in red on Tuesday. Jeera futures retreated from record highs, while coriander and turmeric futures came under pressure from subdued demand.
U.S. West Texas Intermediate (WTI) crude futures fell 59 cents, or 0.8%, to $74.53 a barrel at 0134 GMT, while Brent crude futures were down 62 cents, or 0.8%, at $79.48 a barrel.
With the US Federal Reserve dialing down its aggressive monetary tightening, contributing to a sharp fall in the US dollar index, investors are more positive on commodities than they have been in recent times.
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Gold and silver will remain volatile ahead of the Fed chairman's speech, with support for the yellow metal at around Rs 55,660-55,440, says Manoj Kumar Jain of Prithvi Finmart Commodity Research
The home currency opened at 82.29 and touched a high of 82.23 a dollar -- a level last seen on 9 December. At 9.30am, the domestic currency was trading at 82.23 a dollar, up 0.3% from its previous close of 82.36.
According to Geojit , Sentiments were sanguine in NCDEX spices complex on Monday. Jeera futures hit fresh record highs on concerns over production in the ongoing rabi season and on rise in demand.
Fed policymakers say fresh inflation data out later this week will help them decide whether they can slow the pace of interest rate hikes at their upcoming meeting, to just a quarter point increase instead of the larger jumps they used for most of 2022.
Pruzan, who’s leaving at the end of the month, departs after a 28-year run that included a six-year stint as chief financial officer — the public face of the firm to investors and analysts.
India accounts for about 40% of global rice trade.
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Gold has support at Rs 55,640-55,450, while resistance is at Rs 56,080, 56,450. Silver has support at Rs 69,050-68,580 and resistance at Rs 69,920–70,580, says Rahul Kalantri of Mehta Equities
According to Geojit , Spices were on a greener turf on NCDEX on Friday. Jeera futures posted gains following an initial fall on concerns over lower production and firm demand while tight supplies lifted coriander futures.
Brent crude futures had risen 53 cents, or 0.7%, to $79.10 a barrel by 0114 GMT while U.S. West Texas Intermediate crude was at $74.23 a barrel, up 46 cents, or 0.6%.
About jewellery repair policy, Shah said that countries like UAE, Hong Kong and Turkey are major competitors of India as they have a simple policy of re-importing jewellery for repair and sending it abroad.
Gold has support at Rs 55,050-54,800 and resistance at Rs 55,500-55,750, while silver has support at Rs 67,550-67,100 and resistance at Rs 68,660-69,200, said Manoj Kumar Jain of Prithvi Finmart Commodity Research
The IPO consists of a fresh issue of Rs 202.50 crore and an offer for sale of upto 5.70 million shares by its existing shareholders and promoters.
According to Geojit , Spices were mostly down on NCDEX on Wednesday. Both turmeric and jeera futures shed more the two per cent, while coriander futures ended rather flat.
With this acquisition, Advent International Corp which earlier held a 73.70 per cent stake in DFM Foods through its subsidiary AI Global Investments (Cyprus) PCC now holds 96.18% stake in the firm. The tendering window was opened on 13 December and ended on 5 January.
Brent crude futures last gained 79 cents, or 1%, to $79.48 a barrel at 0203 GMT, after settling up 85 cents at $78.69 on Thursday.
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According to Geojit , Barring coriander, other spices were up on NCDEX on Wednesday. Jeera futures pared initial losses and inched up on concerns over production.
A surge in Covid-19 cases across China is clouding the near-term demand outlook, overshadowing optimism commodity consumption in the world’s top importer will eventually rebound.
Spot gold was up 0.1% at $1,856.11 per ounce, as of 0302 GMT, after hitting a near seven-month high in the previous session. U.S. gold futures also edged 0.1% higher at $1,861.20.