Commodities Market Today 12 April

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Top News and Events

Commodity News: Global market dynamics and geopolitical issues are affecting commodity prices:

  • Gold Prices: Spot gold reached a new high at $2,389.29 per ounce, primarily driven by safe-haven demand amidst global economic uncertainties.

  • Oil Prices: Brent crude futures and West Texas Intermediate crude have seen an uptick, attributed to tensions in the Middle East affecting the global supply chain.

  • Inflation Concerns: A $10 per barrel increase in oil prices could significantly impact consumer prices in India and other Asian economies, presenting a challenge to inflation management strategies.

  • US Inflation and Gold Prices: Resurgent inflation in the US could lead to prolonged high-interest rates, affecting gold prices and potentially driving the US Dollar Index higher, which may negatively impact commodity prices.

    Addition Read: Commodity Market Updates

Prices of Popular Commodities

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

NameLTPChangeChange%

GOLD

72,413.00

769.00

1.07%

SILVER

83,839.00

992.00

1.20%

COPPER

819.25

2.70

0.33%

CRUDEOIL

7,139.00

30.00

0.42%

NATURALGAS

147.10

-0.60

-0.41%

Note : Stats/Prices updated as on 12th April, 2024 at 09:19 AM 

Addition Read: Stocks vs. Mutual Funds vs. Gold

Overview

Embark on a comprehensive exploration of commodities trading with our detailed guide. We'll start with the fundamentals, introducing you to the different commodities available for trading and the advantages they offer. As we progress, we'll provide essential tips for entering the market, highlight important considerations, and discuss the potential risks associated with commodities trading. Join us to discover how you can navigate this dynamic market and make informed trading decisions.

Source: Moneycontrol 

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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