Oil prices saw a downward drift on Monday, as the market seemed to minimize concerns about a wider regional conflict following Iran’s weekend attack on Israel. Brent futures for June delivery dropped by 81 cents, approximately 0.9%, reaching $89.64 per barrel by 1335 GMT, while West Texas Intermediate (WTI) futuresRead More →
Gold prices in India maintained its shine during the financial year 2023-2024 driven by escalating geopolitical crises worldwide. Volatility in the yellow metal prices also remained high led by slowing growth in advanced economies and monetary tightening by global central banks amid high inflation. Gold has historically been viewed asRead More →
Gold prices strengthened on Monday as investors anticipated significant economic data releases and awaited comments from Federal Reserve officials later in the week, seeking additional insights into the potential timing of interest rate adjustments hinted at by the U.S. central bank. At 1306 GMT, spot gold saw a 0.5% increase,Read More →
Following a full day of trading on Saturday, the equities market will be closed on Monday due to a public holiday in Maharashtra and the national government’s half-working day in honour of the opening of the Ram Temple in the northern city of Ayodhya. The S&P BSE Sensex fell 0.4%Read More →
The revision puts the onus of collecting goods and services tax (GST) on the seller and buyer, who give and take delivery on the exchange platform. Up until now, MCXCCL would facilitate the payment of GST from buyer to seller through the exchange’s clearing members. However, the clearing corporation lastRead More →
MUMBAI : MCX is planning to offer shorter duration futures contracts on select commodities and options on commodity indices, two people aware of the matter said, in a move that could significantly increase its turnover. This follows the market regulator allowing the commodities exchange go live on Tata Consultancy ServicesRead More →
MUMBAI : After a year of costly extensions, MCX, India’s largest commodity derivatives exchange, is preparing to part ways with 63 Moons Technologies Ltd, its former anchor shareholder. The separation involves a crucial technology platform necessary for running its operations, including trading, clearing and settlements. On Monday, the MCX stockRead More →
Gold recovered slightly from its five-month lows on Friday as the dollar and bond yields declined. However, bullion was still heading for another weekly fall since upbeat US data reinforced hopes that the Federal Reserve will continue raising interest rates. Spot gold on Thursday hit a five-month low of $1884 dueRead More →
Multi Commodity Exchange (MCX), the largest commodity bourse in the country, has extended the support services being rendered by its existing software vendor, 63 Moons Technologies Ltd. for six months beginning from July 1, 2023. In a regulatory filing, MCX informed that the consideration for the same would be ₹125Read More →
Multi Commodity Exchange Of India (MCX) is a mid cap exchange platform that recorded a market cap of ₹6,881.9 Cr during Friday’s closing session. The Board of Directors have “Recommended a final dividend of ₹19.09/- per equity share (face value of Rs.10/- each) for the Financial Year ended March 31,Read More →
