Commodities Market Today | Oil Extends Winning Streak with 0.6% Gain

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

The commodities market today is driven by a positive demand outlook. The 10-year yield fell to 4.322%, the dollar index remained steady at 104.68. The Brent Crude climbed to $82.47/barrel, while spot gold rose by 0.5% to $2,339/ounce.

Top News and Events

  • Treasury Yields Fall on Signs of Lower Interest Expectations: The yield on the benchmark 10-year US Treasury note dropped by 8 basis points to 4.322%, after reaching a low of 4.25%, its lowest since April 1. 

  • 2-Year Treasury Yields Follow the Trend: The two-year US Treasury yield, which usually aligns with interest rate forecasts, decreased by 7.6 basis points, marking its largest daily decline since May 15, settling at 4.758%.

  • Dollar Index Stable: The dollar index remained steady at 104.68.

  • Gold and Silver Prices Climb: Gold increased by 0.5% to $2,339 per troy ounce, while silver surged by 1.8% to $29.76 per ounce, reflecting their safe-haven status amid market uncertainties.

  • Oil Prices Gain: On Wednesday, Brent crude settled at $82.47, whereas West Texas Intermediate (WTI) crude oil rose by 0.6% to $78.38 per barrel.

Additional Read: Commodities Market Today

Prices of Popular Commodities

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

Name

LTP

Change

Change%

GOLD

₹71,318.00

+154.00

+0.22

SILVER

₹87,962.00

+258.00

+0.29

COPPER

₹856.70

+12.70

+1.50

CRUDE OIL

₹6,505.00

+14.00

+0.22

NATURAL GAS

₹261.30

+18.70

+7.71

Note: Stats/Prices updated as of June 13, 2024, at 9:18 AM.

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.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Share this article: 

Frequently Asked Questions

What exactly is the stock market, and how does it work?

Answer Field

The stock market is a platform where investors buy and sell shares of publicly traded companies. It operates through stock exchanges, where supply and demand for securities determine prices.

Why should I consider investing in the stock market?

Answer Field

Investing in the stock market offers the potential for long-term wealth growth, dividend income, portfolio diversification, and ownership stakes in successful companies.

How can I start investing in the stock market?

Answer Field

To begin investing in stocks, individuals can open a brokerage account, conduct research on companies and industries, and start building a diversified portfolio aligned with their investment goals and risk tolerance.

What factors should I consider before investing in stocks?

Answer Field

Important factors to consider include investment goals, risk tolerance, time horizon, market research, diversification, and staying informed about economic and market trends.

What are the risks associated with stock market investments?

Answer Field

Risks include market volatility, liquidity risk, company-specific risks, and the potential for loss of capital. It's essential for investors to assess their risk tolerance and diversify their portfolios accordingly.

How do I stay informed about daily market happenings?

Answer Field

You can stay informed by monitoring financial news websites, market analysis reports, earnings announcements, economic indicators, and utilising real-time market data provided by reliable brokerage platforms.

What is the difference between long-term investing and trading in the stock market?

Answer Field

Long-term investing involves holding stocks for extended periods, typically years or decades, with a focus on capital appreciation and dividend income. Trading involves buying and selling stocks more frequently, often based on short-term price movements.

How can I mitigate risks in the stock market?

Answer Field

Risk mitigation strategies include diversifying your portfolio, setting stop-loss orders, conducting thorough research, avoiding over-leveraging, and maintaining a long-term perspective on investments.

Are there any specific tax implications associated with stock market investments?

Answer Field

Yes, tax implications vary depending on factors such as investment duration, type of account (e.g., taxable brokerage account, retirement account), and realised gains or losses from selling stocks.

Can I invest in the stock market with a small amount of capital?

Answer Field

Yes, many brokerage platforms offer fractional investing or allow investors to purchase partial shares, enabling individuals with limited capital to start investing in the stock market with smaller amounts.

No Result Found

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

7.5 Lacs+ Users

icon-with-text

4.3+ App Rating

icon-with-text

4 Languages

icon-with-text

₹4300 Cr MTF Book

icon-with-text