Topic
commodity
Commodities Blenders and Upcountry Buyers Drive Tea Prices Higher at Coonoor Auctions
Tea prices at Coonoor auctions rose by Rs2 per kg on average, driven by brisk demand from blenders and upcountry buyers. Lower offerings supported the uptick, with CTC leaf and orthodox grades showing varied price movements.
Commodities Gold, Silver Prices Face Bearish Pressure on MCX; Resistance Levels in Focus
MCX gold and silver prices are trading with a bearish bias on June 11, 2026, according to Abhilash Koikkara of Nuvama Professional Clients Group. Gold has a downside target of 140,000 with resistance at 152,000, while silver targets 225,000 with resistance at 240,000. Traders are advised to adopt a sell-on-rise approach amid weak market sentiment.
Commodities Gold and Silver Outlook: Central Bank Meetings, US-Iran Deal, and Crude Oil in Focus
Gold and silver prices are expected to remain range-bound as traders watch central bank meetings (Bank of Japan, Fed, Bank of England), US-Iran deal developments, and crude oil movements. Domestic gold futures on MCX fell 3.2% to around Rs 1.50 lakh/10g, while Comex gold dropped nearly 3% to $4,238.8/oz. Analysts note volatility from US-Iran uncertainty, with safe-haven buying after reports of no imminent military action.