30 Apr, EOD - Indian

SENSEX 80242.24 (-0.06)

Nifty 50 24334.2 (-0.01)

Nifty Bank 55087.15 (-0.55)

Nifty IT 35794.95 (-0.35)

Nifty Midcap 100 54124.9 (-0.85)

Nifty Next 50 64508.85 (-0.59)

Nifty Pharma 21772.45 (0.44)

Nifty Smallcap 100 16448.85 (-1.73)

30 Apr, EOD - Global

NIKKEI 225 36452.3 (1.13)

HANG SENG 22119.41 (0.51)

S&P 5641.74 (0.92)


Commodity News

You are Here : Home > News > Commodity News >

(31 Jan 2025, 09:03)

Precious Metals Preview: COMEX gold breaks above $2800 an ounce mark for first time ever


COMEX Gold catapulted to fresh record highs, breaking above $2800 per ounce as an impressive rally extended. The metal currently trades higher by 0.23% at $2851.80 per ounce and is set for a weekly gain of nearly 3%. MCX Gold has also zoomed up following this and broke above Rs 81000 per 10 grams mark for the near month February futures. The yellow metal gained on safe haven demand as economic data from the United States (US) indicated the economy is slowing down, warranting the Federal Reserve (Fed) to lower interest rates despite holding them steady at Wednesday’s meeting. US Treasury yields edged lower amid disappointment following the last reading of 2024 of the fourth quarter Gross Domestic Product (GDP), which, although expanding, did so at a lower rate than expected. US GDP for Q4 204 dipped from 3.1% in Q3 to 2.3%. Meanwhile, US 10-year T-note yield dropped two basis points down to 4.516%.

More News

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and maintained by CMOTS Infotech (ISO 9001:2015 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +