Commodity News

Bullion faces choppy week as dollar, US-Iran risks test sentiment: Analysts

On the domestic front, investors will watch the Reserve Bank of India's monetary policy decision on Wednesday, with a 25 basis points rate hike expected

Gold rises ₹607 as rate-hold expectations strengthen; silver jumps ₹2,828

In the global market, gold futures on Comex were trading near $4,200 per ounce, while silver was trading near $61.40 per ounce

Oil prices steady as investors assess US-Iran peace talks, supply outlook

Brent was near $98 a barrel after rising about 14% in September, while investors weighed stalled US-Iran peace talks and signs of a recovery in West Asia oil exports

Yields, dollar hold key to gold, silver trajectory in H2FY27: Apurva Seth

Gold and silver have corrected sharply since April, falling 11 per cent and 19 per cent, respectively, in USD terms.

Crude Oil at crossroads as supply recovery meets geopolitical risk in Oct

Kaynat Chainwala of Kotak Securities reckons that the MCX Crude Oil is showing a cautious-to-bearish setup on the 4-hour chart after facing resistance near ₹9,280-9,300 levels.

Gold, silver prices rebound as crude oil prices fall on supply boost

Gold and silver futures opened higher on MCX and Comex as easing crude oil prices and shifting US rate expectations provided some support to bullion

Oil prices edge higher after Trump denies sanctions relief to Iran

Brent crude futures rose $1.14, or 1.11%, to $103.73 a barrel by 0131 GMT. US West Texas Intermediate ‌crude 34 cents, or 0.38%, to $89.72

Higher outflow from Hormuz could unwind premiums; oil may correct by 10-15%

Crude oil flows from the Strait of Hormuz have increased to average above 10 mbpd as per the shipping tanker tracker data.

Gold, silver prices fall amid rise in global bond yields and dollar

In the global market, gold futures on Comex were trading near $4,160 per ounce, while silver slipped to around $61 per ounce

Oil prices rise for second session on continued West Asia supply concern

Brent crude futures had risen 63 cents, or 0.6%, to $105.91 a barrel ‌by 0002 GMT while US West Texas Intermediate crude was at $93.32, up 72 cents, or 0.8%

Oil gains 3%, gold at 7-week low as West Asia peace hits stalemate

Brent futures were up $2.98, or 2.86 per cent, at $107.30 a barrel by 1206 GMT after hitting their highest since September 15 earlier in the session

Gold slips below ₹1.50 lakh on US-Iran impasse; silver tumbles too

In the global market, gold futures on Comex fell to around $4,230 per ounce, touching a seven-week low, while silver slipped below $62.50 per ounce

Gold outlook: Analyst sees upside capped at $4,330 amid US-Iran uncertainty

Praveen Singh of Mirae Asset Sharekhan said that Hormuz optimism can keep gold supported in the very short term. Upside is likely to be limited to $4330 unless more clarity emerges on US-Iran talks.

Hormuz reopening hope to support silver, resistance at $65: Mirae Asset

Mirae Asset Sharekhan said that traders may buy the metal with a strict stop-loss below $62 for short-term trading. Resistance is seen at $65, followed by the $66.05-$66.40 zone.

Gold, silver rebound on buying at lower levels despite rate concerns

In the global market, gold futures on Comex were trading near $4,310 per ounce, while silver was trading near $64.35 per ounce

Oil prices fall as markets weigh Iran truce, oil facility attack risks

Brent was down 87 cents, or ​0.82%, at $105.73 a barrel at 0212 GMT, while West Texas Intermediate (WTI) was down $1.56, or 1.65%, at $93.05 ‌a barrel

Oil prices edge lower as Iran signals openness to diplomacy to end US war

Brent crude fell 0.9% to $102.13 a barrel after a 4% rise a day earlier as Tehran reviews Washington's response to proposals on the Strait of Hormuz

Crude oil drops, but physical tightness tells a more cautious story

The diplomatic picture adds further uncertainty. Trump described his meeting with Iran's delegation at the UNGA as very good and indicated further discussions are scheduled.

Gold opens ₹141 lower, silver rises ₹424 on MCX as oil prices fall

Silver futures opened higher on Wednesday, September 23, while gold traded with modest losses in the domestic market

Crude oil outlook: US-Iran talks; high transit cost in focus

The global cost of carrying crude oil which used to be around 1-2 per cent of the total contract value has now faring 20-25 per cent to Asian refiners.