Commodities

India is expected to hold adequate stocks to meet domestic demand until the crushing of a larger crop begins in October.

The more liquid market for gold has coped better than silver.

The popular author, known for his book 'Rich Dad, Poor Dad', in a post on X on Friday, revealed that he is patiently waiting to invest in assets like gold once the levels are right again.

Sensex fell over 300 points and the Nifty traded below 25,550 after the RBI Monetary Policy Committee kept the benchmark repo rates unchanged at 5.25%. The NSE Nifty Private Bank Index was the top sectoral gainer, while the NSE Nifty PSU Banks index was the top sectoral loser as rate cut cycle goes on hold.

Spot silver tumbled to as low as $64 an ounce in early Asian trading. Its retreated more than 40% from a record high hit on Jan. 29 and wiped out all of its gains from a spectacular rally last month

The decline followed a 3.2% slump in the previous session as fresh signs emerged of demand softness in the Chinese spot market.

Oil is now on track for its first weekly loss since mid-December.

Markets are now weighing the policy implications of Kevin Warsh's nomination as Federal Reserve chair.

The Nifty 50 ended 133 points or 0.5% lower at 25.642 and the BSE Sensex tanked 506 points or 0.6% at 83,311. The boarder market showed mixed performance.

Bians big short comes with significant risk, and he has been forced to liquidate some positions at a loss in a volatile silver market.

The prices of silver rose to Rs 2.71 lakh per kg, while gold rose marginally to Rs 1.53 lakh per 10 grams, according to the India Bullions website.

Futures for Brent, the global benchmark, for April settlement closed 3.2% higher at $69.46 a barrel on Wednesday.

Precious metals soared last month in a rally underpinned by speculative momentum, geopolitical upheaval and concerns about the Federal Reserves independence

Indian equity benchmarks were subdued. The BSE Sensex and the NSE Nifty were trading little changed.

The BSE Sensex rose 2,319 points. It had risen as much as 4,200 points to 85,871.The NSE Nifty 50 rose 2.8% to 25,783.95 after rising as much as 5% intraday.

Until now, capital gains on SGBs were exempt if bonds were redeemed with the Reserve Bank of India at the eight-year maturity.

Schiff comments came after the precious metal recovered on Tuesday following a sharp retreat over the past two sessions.

Gold April futures on MCX are trading near the Rs 1.6 lakh/per 10 gram levels, while silver March futures have gained over Rs 13,000 to trade near Rs 2.81 lakh.

Prices of silver increased further to Rs 2.67 lakh per kg on Wednesday, while gold rose to Rs 1.53 lakh per 10 grams, according to India Bullions.

Brent, the global benchmark, rose nearly 1.6% to $67.33 per barrel, while West Texas Intermediate advanced toward $64.