Commodity News
Oil falls as hopes of Iran talks ease Hormuz concerns, Brent at $94.27
Brent crude futures fell 52 cents, or 0.55 per cent, to $94.27 a barrel at 0054 GMT after falling 4.6 per cent in the previous session
 "Oil falls as hopes of Iran talks ease Hormuz concerns, Brent at $94.27")
Gold price climbs ₹10 to ₹1,53,940; silver down ₹100, trading at ₹2,54,900
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,41,110
 "Gold price climbs ₹10 to ₹1,53,940; silver down ₹100, trading at ₹2,54,900")
Akshaya Tritiya likely to keep its shine under gold's costly glare
Jewellery retailers expect strong Akshaya Tritiya demand despite high gold prices, supported by festive sentiment, wedding season demand and growing interest in diamond jewellery
 "Akshaya Tritiya likely to keep its shine under gold's costly glare")
Strait of Hormuz blockade impact: 2.3mbpd oil supply at risk, says Nomura
Iran, according to Nomura's estimates, has been the biggest beneficiary since the war broke out in terms oil revenues that rose 36 per cent y-o-y in March 2026 to $5.7 billion
 "Strait of Hormuz blockade impact: 2.3mbpd oil supply at risk, says Nomura")
Gold price falls ₹10 to ₹1,52,450; silver down ₹100, trading at ₹2,54,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,39,740
 "Gold price falls ₹10 to ₹1,52,450; silver down ₹100, trading at ₹2,54,900")
Oil slips in early trade as US-Iran dialogue hopes ease supply concerns
Brent futures declined by $1.86, or 1.87 per cent, to $97.50, while US West Texas Intermediate (WTI) crude fell $2.25, or 2.27 per cent, to $96.83 by 0003 GMT
 "Oil slips in early trade as US-Iran dialogue hopes ease supply concerns")
Gold falls as US blockade of Strait of Hormuz raises inflationary risks
Bullion fell as much as 2.2 per cent to dip below $4,650 an ounce in early trading, before paring losses
 "Gold falls as US blockade of Strait of Hormuz raises inflationary risks")
Gold price falls ₹10 to ₹1,52,830; silver down ₹100, trading at ₹2,59,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,40,090
Oil prices resume their climb, Asian markets fall as US set to block Hormuz
Japan's benchmark Nikkei 225 lost 1.0 per cent in morning trading to 56,357.40; South Korea's Kospi dipped 1.1 per cent to 5,795.15
 "Oil prices resume their climb, Asian markets fall as US set to block Hormuz")
Gold price climbs ₹10 to ₹1,52,360; silver up ₹100, trades at ₹2,60,100
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,39,660
 "Gold price climbs ₹10 to ₹1,52,360; silver up ₹100, trades at ₹2,60,100")
Oil drops ahead of US-Iran talks, posts biggest weekly fall since 2022
US West Texas Intermediate crude futures fell $1.30, or 1.3 per cent, to settle at $96.57 a barrel, with a weekly decline of 13.4 per cent, its largest since April 2020
 "Oil drops ahead of US-Iran talks, posts biggest weekly fall since 2022")
Jio-BP doesn't plan to raise fuel prices as sales of gasoline, oil surge
The company, a joint venture between Reliance Industries and BP, has adequate fuel supplies and has not imposed any limits on retails sale of gasoline or gasoil
 "Jio-BP doesn't plan to raise fuel prices as sales of gasoline, oil surge")
Silver eyes $85 in the short term; analyst suggests buying on dips
Silver recovery is being driven by ceasefire optimism that is keeping the oil prices capped. Safe-haven flows seem to be largely absent
 "Silver eyes $85 in the short term; analyst suggests buying on dips")
Gold demand in India picks up ahead of Akshaya Tritiya, China premiums ease
Akshaya Tritiya, the second-biggest gold-buying festival in India after Dhanteras when buying gold is considered auspicious, will be celebrated on April 19
 "Gold demand in India picks up ahead of Akshaya Tritiya, China premiums ease")
Oil prices rise following strikes on Saudi Arabia's energy infrastructure
Brent crude futures gained 83 cents, or 0.87 per cent, to $96.75 a barrel as of 0100 GMT
Gold price falls ₹10 to ₹1,51,470; silver down ₹100, trading at ₹2,54,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,38,840
 "Gold price falls ₹10 to ₹1,51,470; silver down ₹100, trading at ₹2,54,900")
Oil price rises on lingering Hormuz disruption, shaky US-Iran ceasefire
Both benchmark prices fell below $100 per barrel in the previous trading session, with WTI recording its biggest decline since April 2020 on expectations the ceasefire ending the fight
 "Oil price rises on lingering Hormuz disruption, shaky US-Iran ceasefire")
Gold price climbs ₹10 to ₹1,53,830; silver up ₹100, trades at ₹2,60,100
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,41,010
 "Gold price climbs ₹10 to ₹1,53,830; silver up ₹100, trades at ₹2,60,100")
Oil prices to hold around $88-95/barrel for next 4-6 weeks, says analyst
Mohammed Imran of Mirae Asset Sharekhan expects that Brent and WTI floor prices would remain elevated at pre-war levels
 "Oil prices to hold around $88-95/barrel for next 4-6 weeks, says analyst")
Rupee extends rally, forward premiums slump as oil dives on ceasefire
The one-year implied rate on the dollar/rupee forward fell 22 basis points to 3.08 per cent
 "Rupee extends rally, forward premiums slump as oil dives on ceasefire")