In today’s trading session, the commodities market in India experienced various price movements. Here’s a summary of the latest changes:
Gold: The price of gold currently stands at ₹59,328.00 per 10 grams, with a decrease of ₹65.00 (-0.11%) compared to the previous session. Investors are closely monitoring this precious metal for its role as a safe-haven asset.
Silver: Silver prices have dropped significantly, now at ₹73,570.00 per kilogram, reflecting a decline of ₹951.00 (-1.28%). This notable decrease may attract traders looking for potential buying opportunities.
Crude Oil: The price of crude oil in India is ₹7,074.00 per barrel, marking a decrease of ₹35.00 (-0.49%). This is amid ongoing concerns about global oil supply and demand dynamics.
Natural Gas: Natural gas prices have dipped to ₹219.00 per million British thermal units (MMBTU), down by ₹1.10 (-0.5%). Factors affecting natural gas include weather patterns, production levels, and consumption trends.
Aluminium: Aluminium is currently priced at ₹200.70 per kilogram, showing a slight decrease of ₹0.60 (-0.30%). This is worth noting for industries heavily reliant on this metal, such as manufacturing and construction.
These price movements are influenced by a variety of factors, including global economic conditions, geopolitical events, and supply and demand dynamics. Traders and investors are advised to stay informed about market developments and consider their investment strategies accordingly.
Please note that commodity prices are subject to rapid changes, and it’s essential to consult with financial experts and stay updated on the latest news and market trends before making investment decisions.
Stay tuned for more updates on the commodities market and its impact on the Indian economy.
