Latest news with #RelianceSecurities
Mint
11 hours ago
- Business
- Mint
Brent down 2% on uncertainty over US participation in Israel-Iran conflict
New Delhi: Oil prices eased on Friday morning as traders awaited the decision of the US over its participation in the Israel-Iran conflict. The Brent August contract on the Intercontinental Exchange traded at $77.20 per barrel at 10.08 am, over 2% lower than its previous close. The White House said on Thursday that President Donald Trump will decide whether or not the US gets directly involved in the Iran-Israel conflict within the next two weeks. 'Crude oil remains highly volatile, with prices reacting sharply to developments and statements related to the Israel-Iran conflict,' said Rahul Kalantri, vice president for commodities at Mehta Equities. 'Yesterday, we saw a sharp jump in crude oil prices… but this morning we are seeing a dip in prices after the White House stated that President Trump will decide on Iran in two weeks, calming immediate fears of escalation.' Still, oil is set for a third consecutive weekly gain, Kalantri added. "The markets remain jittery as risks of supply disruptions from Iran and broader conflict escalation loom large. Geopolitical tensions and supply fears continue to support oil prices despite temporary pullbacks," he said. Sriram Iyer, senior research analyst at Reliance Securities, noted that escalating hostilities in West Asia continued to fuel fears of regional supply disruptions and could cap any downside. The India crude basket, which represents the price at which Indian refiners import oil, stood at $75.91 per barrel on Wednesday. The average price in June stands at $68.58 a barrel, compared with $64.04 in May.
Economic Times
2 days ago
- Business
- Economic Times
Silver prices at Rs 2 lakh? Rich Dad Poor Dad author Robert Kiyosaki's wild bet has everyone talking
Silver emerges as a dual-play: Industrial + Safe haven Live Events Bullish structural shift: From downtrend to potential all-time highs Multi-year breakout and long-term structural bull run In conclusion (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Renowned author and investor Robert Kiyosaki has repeatedly stated on his social media that silver prices will double from current levels, citing strong fundamentals and rising global his bold predictions stir conversations among retail investors and market watchers, analysts back home are weighing in with their forecasts on whether silver prices will soon touch Rs 2 analysis is rooted in industrial demand, macroeconomic dynamics, and technical breakouts, especially after the white metal stands at its all-time high of Rs 1.09 lakh/ Kiyosaki's views point toward a long-term bullish outlook, market experts in India broadly agree that silver is on an upward trajectory, supported by both structural and cyclical Trivedi, Senior Research Analyst - Currencies & Commodities at Reliance Securities, notes that 'amid escalating geopolitical tensions and trade uncertainties, both gold and silver have surged, but silver is emerging as a strong contender.'He explains that although gold remains a traditional safe haven, silver's potential is being increasingly fueled by booming demand in industrial sectors such as electric vehicles (EVs) and solar projects that COMEX silver may appreciate to $36–37 per ounce, while MCX silver could reach Rs 1,10,000 per kg within a month, supported by a weak dollar, strong industrial demand, and safe haven recommends a diversified allocation with 6–8% in gold and 12–15% in silver, adding that a balanced approach can help investors benefit from both stability and upside in Trivedi, VP Research Analyst – Commodity and Currency at LKP Securities, observes a structural turnaround in silver prices since their 2020 white metal had remained in a downtrend from its 2011 peak of $49.50 (Rs 73,000) until March 2020, but has surged nearly 60% in the last two years, with prices moving from Rs 87,000 to Rs 1,04,500 in 2025 highlights that 'silver remains poised to test Rs 1,10,000–Rs 1,20,000 this year,' driven by robust demand from solar and EV sectors and heightened geopolitical tensions such as the Russia-Ukraine war. He maintains a bullish outlook, favoring a buy-on-dips strategy for investors looking to ride the next wave of silver's upward Mathur, Director – Commodities & Currencies at Anand Rathi Shares and Stock Brokers, points to a multi-year breakout in silver, with prices recently touching 13-year notes that the rally seen last week was propelled by a combination of safe haven demand, trade uncertainties, and industrial buying.'Silver looks set to outperform gold in the current year, especially in the second half of 2025,' Mathur forecasts that silver may trade in the range of $38.70–$41.50 per ounce, translating to Rs 1,15,000–Rs 1,23,000 per kg in the MCX futures market—a further upside of 15–18% from current further ahead, Mathur suggests that silver could be entering a structural bull run, given that the market is running a deficit for the fifth consecutive anticipates new all-time highs in international markets at around $50 per ounce, equivalent to Rs 1,50,000–Rs 1,70,000 per kg in the next 3–5 Robert Kiyosaki's projection that silver prices could double may seem ambitious, Indian analysts broadly validate the positive trajectory, albeit through gradual, data-backed milestones rather than speculative fundamentals such as industrial demand, geopolitical instability, and long-term supply deficits aligning, silver continues to command attention as both a defensive and growth-oriented asset class.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business Recorder
11-06-2025
- Business
- Business Recorder
Gold inches up as markets await outcome of US-China trade talks, inflation data
LONDON: Gold prices edged higher on Tuesday, while investors awaited more clarity on US-China trade talks and looked forward to key US inflation data due this week for clues on the Federal Reserve's future interest rate decisions. Spot gold was up 0.3% at $3,336.33 an ounce, as of 1224 GMT, after falling to a low of $3,301.54 earlier in the session. US gold futures were up 0.1% at $3,357.20. 'Gold found some floor amid dip-buying, though the uptick lacked bullish conviction. Fiscal concerns and Fed rate cut bets are the catalyst for a recovery in the prices,' said Jigar Trivedi, senior commodity analyst at Reliance Securities. Top officials from the world's two largest economies sought to defuse a bitter dispute that has widened from tariffs to restrictions over rare earths, with trade talks extending to a second day in London. The US and China imposed reciprocal tariffs in April, which ignited trade war concerns. But last month, both countries agreed to a temporary pause in tariffs against each other, offering some relief to financial markets. Investors now await the Consumer Price Index data on Wednesday to analyse the Fed's policy path. The CPI report will be one of the last key pieces of data before the Fed's June 17-18 meeting, where it is widely expected to hold rates. Spot silver was steady at $36.72 per ounce, hovering near a more than 13-year high. Platinum eased 0.1% to $1,218.85, after hitting its highest level since May 2021. Palladium lost 1.4% to $1,059.02. 'Overall, the lack of excitement for recent macro data has allowed silver and platinum to steel the limelight, both trading sharply higher in recent sessions before some emerging signs of profit-taking in today's session so far,' said Ole Hansen, head of commodity strategy at Saxo Bank.
International Business Times
10-06-2025
- Business
- International Business Times
Gold Edges Up as Investors Await US–China Talks and Inflation Data
There was the aroma of uncertainty lingering over trading desks on Tuesday. As gold crept up, investors struggled with the hope that diplomatic talks between the U.S. and China might bring about peace of mind. Many thought it was only one data point away from relief—or dashed hopes—when U.S. inflation figures land this week. Gold spot added 0.3% to $3,336.33 per ounce as of 12:24 GMT after having fallen previously to $3,301.54. American gold futures also reported modest advances, increasing 0.1% to $3,357.20. The uptick could not, however, muster full-fledged bullishness. "Gold found certain support during the dip-buying, but the uptick did not reflect bullishness," said Reliance Securities senior commodity analyst Jigar Trivedi. Meanwhile, top U.S.–China trade officials gathered in London for the next round of discussions. They aim to defuse tensions that have spread beyond tariffs to cover critical issues such as rare earth materials. The temporary suspension of tit-for-tat tariffs, which took effect last month, has provided some relief to global markets. Gold prices remained largely unchanged last week, although they successfully held support near the $3,330 level. Much of that resilience is attributed to China's continued gold imports through Hong Kong, with the latest data showing another increase, signaling strong physical demand. In line with this trend, analysts suggest that the upcoming U.S. CPI data could influence short-term movements, with some expecting prices to approach $3,500 if trade risks and inflationary pressures persist. Next week's spotlight is firmly on the U.S. Consumer Price Index (CPI), scheduled for release on Wednesday. This key inflation metric will be the Federal Reserve's most significant data point ahead of its June 17–18 policy meeting. Market sentiment remains cautious. Investors have revised their expectations from two anticipated rate cuts to just one, likely in October 2024. "Traders will likely wait for the upcoming CPI data, which could provide the first clear signals of the Fed's next move," market analysts said. The United States dollar has weakened marginally this week, which has supported gold recovery. A modestly lower dollar can be supportive of gold, as it makes the metal cheaper for buyers using other currencies. Should the CPI data reveal that inflation has slowed, it may increase the likelihood of a rate reduction in September or October. This could give the metal a further boost. Other precious metals also recovered. Spot silver was unchanged at 36.72 dollars per ounce, not far from a 13-year top. While palladium lost 1.4% to 1,059.02 dollars, platinum eased 0.1% to 1,218.85. Global oil production also increased as OPEC+ nations pumped 26.75 million barrels per day in May, helping put a lid on broader commodity markets and soothing inflation concerns. As markets await the CPI print and updates from London trade discussions, gold remains on cautious footing, balancing between data-driven recovery and lingering global trade concerns.
Time of India
10-06-2025
- Business
- Time of India
Gold price today: Gold rate goes up. Will it fall soon?
Gold prices edged higher on Tuesday. Spot gold was up 0.3 per cent at $3,336.33 an ounce, after falling to a low of $3,301.54 earlier in the session. U.S. gold futures were up 0.1 per cent at $3,357.20, as per a report. Investors awaited more clarity on the US-China trade talks and looked forward to key U.S. inflation data due this week for clues on the Federal Reserve's future interest rate decisions. "Gold found some floor amid dip-buying, though the uptick lacked bullish conviction. Fiscal concerns and Fed rate cut bets are the catalyst for a recovery in the prices," said Jigar Trivedi, senior commodity analyst at Reliance Securities, Reuters reported. Top officials from the world's two largest economies sought to defuse a bitter dispute that has widened from tariffs to restrictions over rare earths, with trade talks extending to a second day in London. The US and China imposed reciprocal tariffs in April, which ignited trade war concerns. But last month, both countries agreed to a temporary pause in tariffs against each other, offering some relief to financial markets. Live Events Investors now await the Consumer Price Index data on Wednesday to analyse the Fed's policy path. The CPI report will be one of the last key pieces of data before the Fed's June 17-18 meeting, where it is widely expected to hold rates. Spot silver was steady at $36.72 per ounce, hovering near a more than 13-year high. Platinum eased 0.1 per cent to $1,218.85, after hitting its highest level since May 2021. Palladium lost 1.4 per cent to $1,059.02. FAQs Q1. What are current prices of Silver, Platinum? A1. Spot silver was steady at $36.72 per ounce, hovering near a more than 13-year high. Platinum eased 0.1 per cent to $1,218.85, after hitting its highest level since May 2021. Q2. What are gold prices? A2. Spot gold was up 0.3 per cent at $3,336.33 an ounce, after falling to a low of $3,301.54 earlier in the session. U.S. gold futures were up 0.1 per cent at $3,357.20.
