Commodities Market Today 10 April

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Join us on an in-depth journey through the world of commodities trading today. This guide will walk you through the basics, showing you the various types of commodities you can trade and the exciting benefits that come with it. Along the way, we'll share valuable tips on how to get involved in the market, plus some crucial things to keep in mind and the risks you might face as you embark on your trading adventure.

Prices of Popular Commodities

The day’s rate of Gold, Silver, Natural Gas, Crude Oil (Brent), Crude Oil (WTI)


Note : Stats/Prices updated as on 10th April, 2024 at 09:20 AM 

Source: Moneycontrol

Top News and Events

  • In commodity news, there's a spotlight on the recent surge in oil prices, attributed to a 20% rise since mid-December, partly due to geopolitical tensions, pushing Brent crude oil to around $90 per barrel.

  • Gold's price fluctuation is another area of interest, especially with its recent dip to $2,348.49 per ounce from a record high, influenced by upcoming inflation data and Federal Reserve minutes.

  • The stability of oil prices, despite a U.S. crude stock build, showcases the balancing act between supply concerns and Middle East uncertainty.

  • Morgan Stanley's revised forecast suggests Brent crude oil will hit $94 per barrel in Q3, citing geopolitical risks.

  • The silver market shines as prices reach new peaks, touching Rs 82,109/kg.

  • Gold's value escalates to Rs 71,080, impacting demand, amidst fluctuating global financial cues and speculative buying.

  • The Supreme Court's recent decision supports NAFED's tender for exporting non-basmati white rice.

  • Oil prices react to diminishing hopes for a Middle East ceasefire, maintaining above $91/bbl after recent discussions.

  • Gold's continuous ascent sets new records, with the price per 10 grams surging to Rs 71,700, reflecting investor sentiment towards monetary policy and global economic trends.

  • The yellow metal's unprecedented gain, reaching over Rs 71,000 for 10 grams, highlights investor interest against the backdrop of potential interest rate cuts and central banks' gold acquisitions.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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Frequently Asked Questions

What exactly are commodities?

Answer Field

Commodities are raw materials or primary agricultural products traded on dedicated exchanges. They can be categorised as hard commodities (e.g., gold, oil) or soft commodities (e.g., coffee, cotton).

How does commodities trading differ from stock trading?

Answer Field

While stock trading involves buying and selling shares of publicly traded companies, commodities trading deals with the exchange of physical goods or raw materials. Additionally, commodities are often subject to supply and demand dynamics rather than company performance.

Can I trade commodities without owning the physical assets?

Answer Field

Yes, through derivatives such as futures contracts and options, traders can speculate on commodity price movements without owning the physical assets, enabling participation in commodities markets with lower capital requirements.

What is leverage in commodities trading, and how does it work?

Answer Field

Leverage allows traders to control a larger position with a smaller amount of capital, amplifying both potential profits and losses. While leverage can magnify returns, it also increases risk, so it's crucial to use it judiciously.

What are some common trading strategies in commodities markets?

Answer Field

Popular strategies include trend following, range trading, spread trading, and fundamental analysis-based approaches. Each strategy has its own set of rules and techniques suited to different market conditions.

How can I manage risk when trading commodities?

Answer Field

Implement risk management techniques such as setting stop-loss orders, diversifying your portfolio, avoiding over-leveraging, and staying informed about market developments and news that may impact commodity prices.

What are the potential risks associated with commodities trading?

Answer Field

Risks include price volatility, leverage risk, liquidity risk, regulatory risk, geopolitical risk, and risks specific to individual commodities such as weather-related risks for agricultural commodities or geopolitical tensions for energy commodities.

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