Today's gold price in India falls by Rs 350 for 24 carat and Rs 350 for 22 carat.

Economy
June 7, 2022, 2:31 p.m.

Gold prices have fluctuated in different Indian metro cities over the last 24 hours. Today's gold price in Chennai is Rs 52,285 for 24 carats (10 grammes), while the price for 22 carats (10 grammes) is Rs 47,927.

The MCX Crude Oil June futures are expected to hit Rs 9,500/bbl this week as the EU bans Russian oil and China lifts the COVID lockdown.

Economy
June 7, 2022, 2:26 p.m.

According to CFTC data, money managers increased their bullish Brent and WTI oil bets by 21,608 net-long positions to 492,271, the most bullish in nearly three months.

On June 8, the RBI may hike rates by 40 basis points, implying a significant increase in inflation forecast.

Economy
June 7, 2022, 1:31 p.m.

Moneycontrol polled economists predict that the central bank will raise interest rates again on June 8 after raising them on May 4. The extent of its concern will most likely be reflected in an increase in the inflation forecast.