Commodity News
Govt imposes curbs on silver imports after sharp rise in shipments
The notification from the DGFT comes within a week of the government raising the duty on the import of the precious metal to 15 per cent from 6 per cent
 "Govt imposes curbs on silver imports after sharp rise in shipments")
Govt restricts 99.9% silver bar imports, permit now mandatory for category
Under the revised policy, imports of silver bars containing 99.9 per cent or more silver by weight, as well as other silver bars under specific HS codes, will now require authorisation
 "Govt restricts 99.9% silver bar imports, permit now mandatory for category")
Gold price dips ₹10 to ₹1,57,900; silver price falls ₹100 to ₹2,89,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,44,740
 "Gold price dips ₹10 to ₹1,57,900; silver price falls ₹100 to ₹2,89,900")
Oil price rises over 1% after Trump says he is losing patience with Iran
Brent crude oil futures rose $1.32, or 1.25 per cent, to $107.04 a barrel by 0425 GMT, while US West Texas Intermediate futures were up $1.33, or 1.31 per cent, to $102.50
 "Oil price rises over 1% after Trump says he is losing patience with Iran")
Precious metals trade lower; silver futures slide 4%, gold down 1.5%
Prices declined across Comex, MCX and exchange traded funds (ETFs), with silver prices falling nearly 4 per cent and gold prices declining around 1.5 per cent
 "Precious metals trade lower; silver futures slide 4%, gold down 1.5%")
Gold price climbs ₹10 to ₹1,62,340; silver down ₹100, trading at ₹2,99,900
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,48,810
 "Gold price climbs ₹10 to ₹1,62,340; silver down ₹100, trading at ₹2,99,900")
Gold price climbs ₹10 to ₹1,62,010; silver up ₹100, trades at ₹3,10,100
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,48,510
 "Gold price climbs ₹10 to ₹1,62,010; silver up ₹100, trades at ₹3,10,100")
Oil prices edge higher as investors eye Trump-Xi meeting amid Iran war
Brent crude futures were up 13 cents, or 0.12 per cent, to $105.76 a barrel by 0015 GMT, while US West Texas Intermediate futures rose 12 cents, or 0.12 per cent, to $101.14
 "Oil prices edge higher as investors eye Trump-Xi meeting amid Iran war")
Can a 15% gold duty fix India's trade deficit? The math is not simple
India may need a steep fall in gold imports to ease its trade deficit, but high prices, investment demand and smuggling risks complicate the duty hike's impact
 "Can a 15% gold duty fix India's trade deficit? The math is not simple")
Gold import duty hike to hurt jewellery trade, spur grey market: GJC
The government on Wednesday hiked import duties on gold and silver to 15 per cent from 6 per cent as part of measures to curb inbound shipments of precious metals
 "Gold import duty hike to hurt jewellery trade, spur grey market: GJC")
Oil prices fall on teetering Iran ceasefire as Trump heads to China
Brent crude futures dropped $1.22, or 1.1%, to $106.55 a barrel at 0410 GMT while US West Texas Intermediate futures fell $1.16, or 1.1%, to $101.02
 "Oil prices fall on teetering Iran ceasefire as Trump heads to China")
Gold price climbs ₹10 to ₹1,53,990; silver up ₹100, trades at ₹2,90,100
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,41,160
Oil prices rise as fragile US-Iran ceasefire talks keep supply fears alive
Brent crude futures were up 30 cents, or 0.29 per cent, at $104.51 per barrel, while US West Texas Intermediate gained 31 cents, or 0.32 per cent, to $98.38 by 0002 GMT
 "Oil prices rise as fragile US-Iran ceasefire talks keep supply fears alive")
Gold price falls ₹10 to ₹1,52,120; silver down ₹100, trades at ₹2,74,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,39,440
 "Gold price falls ₹10 to ₹1,52,120; silver down ₹100, trades at ₹2,74,900")
Oil rises $4 as US and Iran disagree on peace proposal; Brent at $105
US West Texas Intermediate was at $99.85 a barrel, up $4.43, or 4.64 per cent
 "Oil rises $4 as US and Iran disagree on peace proposal; Brent at $105")
Gold price falls ₹10 to ₹1,52,340; silver down ₹100, trades at ₹2,74,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,39,640
 "Gold price falls ₹10 to ₹1,52,340; silver down ₹100, trades at ₹2,74,900")
Gold, silver seen range-bound for second week amid US-Iran talks: Analysts
Gold and silver are likely to stay range-bound as investors monitor US-Iran peace talks, inflation data and global macroeconomic signals
 "Gold, silver seen range-bound for second week amid US-Iran talks: Analysts")
Gold price falls ₹10 to ₹1,52,670; silver rises ₹100, trading at ₹2,75,100
The price of 22-carat gold fell by ₹10, with ten grams of the yellow metal selling at ₹1,39,940
India gold demand subdued on higher prices, China premiums hold firm
Spot gold prices have risen over 2 per cent so far this week on easing fears of inflation and higher interest rates, as investors remained optimistic about a US-Iran peace deal
 "India gold demand subdued on higher prices, China premiums hold firm")
Oil prices jump over 1% after renewed hostilities between US, Iran
Brent crude futures were up $1.41, or 1.41 per cent, at $101.47 a barrel as of 0123 GMT