Commodities Market Today 15 April

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Top News and Events

  • Gold Market Movements:

    • Spot Gold Price Increase: Increased by 0.3% to $2,350.59 per ounce amid rising Middle East tensions, with a recent peak at $2,431.29.

    • RBI's Gold Buying: The Reserve Bank of India has increased its gold purchases to diversify its forex reserves amid US dollar volatility, contributing to a record $648.5 billion in reserves. This strategy aims to mitigate inflation and currency risks.

    • Market Impact: Gold's role as a safe haven has been reaffirmed with prices reaching record highs, and significant weekly gains despite some daily fluctuations.

  • Oil Price Dynamics:

    • Post-Iran Attack: Brent and West Texas Intermediate (WTI) futures saw a decrease, with market adjustments removing the risk premium previously added due to geopolitical uncertainties.

    • Middle East Tensions: Fluctuations continue as regional tensions influence global oil supply perceptions.

  • Silver Market Trends:

    • Lifetime High Prices: Silver reached a lifetime high, influenced by the bullish rally in gold and similar market conditions affecting both precious metals.

    • Market Speculation: Discussions around whether the rally in silver prices will continue as both gold and silver often move in tandem due to their status as precious metals.

Metal Traders and Market Speculation:

  • Impact of LME Russia Ban: Metal traders anticipate a price rise following the London Metal Exchange's ban on Russian metal. While some expect prices to increase due to reduced supply, others speculate about the potential market flooding from existing Russian metal stocks.

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 15th April, 2024 at 08:41 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

Note : Stats/Prices updated as on 15th April, 2024 at 08:41 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

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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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