Commodity News

Gold rises ₹1,600 on MCX, silver jumps ₹3,132 on safe-haven demand

In the global market, gold was trading near $4,450 per ounce on Comex, while silver was around $66 per ounce

Oil prices rise as Brent tops $88, Asian stocks drift on US-Iran stalemate

MSCI's broadest index of Asia-Pacific shares outside Japan swung between losses and gains and was last up 0.2 per cent while South Korea's Kospi rose 0.3 per cent

Mandatory hallmarking of gold jewellery expanded to 392 districts

Mandatory hallmarking for gold jewellery and artefacts has been expanded to 392 districts, adding 12 districts across nine states to the BIS framework

Gold looks beyond war as inflation, monetary policy steer prices: Report

MOFSL said gold's response to conflicts is increasingly tied to their impact on inflation, real yields and monetary policy, with central-bank buying and ETF flows supporting the long-term outlook

Gold rises ₹85 on MCX, silver jumps ₹2,033 on soft US inflation data

In the domestic market, gold recovered after a weak opening, while silver traded higher

Oil prices rise on uncertainty over reopening of Strait of Hormuz

Brent crude futures rose 91 cents or 1.09%, to $84.46 a barrel by 0056 GMT, while US West Texas Intermediate crude futures rose 61 cents, or 0.78% to $78.79 a barrel

Gold, silver likely to extend gains as inflation, West Asia risks loom

Bullion prices are expected to remain firm next week as investors track inflation data from major economies

Gold rises ₹497 on MCX, silver jumps ₹2,157 amid geopolitical tensions

In the global market, gold was trading near $4,320 per ounce on Comex, while silver was around $62.50 per ounce

Oil prices rise 1% on concerns over Strait of Hormuz reopening plans

Brent crude futures ‌rose 99 cents, or 1.2%, to $83.48 a barrel by 0010 GMT while US West Texas Intermediate futures rose 85 cents, or 1.1%, to $78.84

Gold nears ₹1.5 lakh on MCX, silver rallies amid easing West Asia tensions

Gold and silver futures advanced as easing West Asia tensions boosted hopes the US Federal Reserve may delay further interest rate hikes

Oil prices extend declines as investors await outcome of US-Iran talks

Brent crude futures dropped 92 ‌cents, or about 1.2%, to $78.44 a barrel by 0330 GMT

Gold rises ₹644 on MCX, silver gains ₹1,397 on hopes of Hormuz reopening

In the global market, gold was trading near $4,115 per ounce on Comex, while silver was around $58.90 per ounce

Oil rebounds after selloff as talks to end US-Iran war remain uncertain

Front-month Brent futures rose $0.62, or 0.7%, to $84.39 a ​barrel as of 0055 GMT after dropping 7% in the previous session to a three-week low

Gold rises ₹202 on MCX, silver gains ₹797 on reports of US-Iran talks

In the global market, gold was trading near $4,115 per ounce on Comex, while silver was around $58.30 per ounce

Oil drops nearly 5% as Trump cancels attack on Iran to reach nuclear deal

Brent crude futures slid $4.08, ‌or 4.64%, to $83.85 by 2352 GMT while US West Texas Intermediate crude was at $80.66 a barrel, down $4.01, or 4.74%

Oil retreats but risk is skewed northwards, cautions Mirae's Mohammed Imran

We hold a bullish stance on crude oil, with Brent expected to average around $80 if the war is not prolonged, but if we see Hormuz disruption until mid-September, Brent may average $90 by year-end.

Short-term traders can look to buy gold for upside till $4200: Mirae Asset

Dovish FOMC outcome is supportive of higher gold prices in very short term, though oil prices can cut the rally short.

Silver seen trading in $54-61 range as fundamentals weak: Praveen Singh

In the very short-term, silver can test the resistance around $61, with interim resistance at $59.45. Support is seen at $576.75/$54, while resistance is at $61.

Oil prices fall more than 1% on greater flows despite US-Iran war

Brent futures fell $1.03, or 1.2%, to $88 a barrel by 0215 GMT, while US West Texas Intermediate (WTI) crude slipped $1.50, or 1.8%, to $82.09 a barrel

West Asia risks will dictate crude oil price discovery: Kaynat Chainwala

Crude is not trading under normal conditions. Until there is a durable resolution to the conflict, geopolitical risk will continue to dominate price discovery.