Commodity News

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,24,340

Oil prices dropped sharply after Trump paused Iran strikes, while Indian LPG tankers crossed the Strait of Hormuz amid supply concerns and disruptions in West Asia

Analysts said crude oil prices rallied in domestic and international markets as investors assessed the impact of rising tensions around the Strait of Hormuz, a key oil transit route

Analysts said the sharp fall came despite escalating tensions in West Asia, as broader macroeconomic factors weighed heavily on precious metal prices

Brent is expected to average $85 a barrel in 2026, up from an earlier forecast of $77, analysts including Daan Struyven said in a note

The decline in the domestic currency, analysts said, reflects a combination of elevated crude prices, persistent foreign outflows, and a structurally strong US dollar

Broader market sentiment was also fragile on Monday as the war in West Asia entered its fourth week with no clear resolution in sight

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,33,790

Bullion plunged as much as 3.8 per cent to near $4,320.30 an ounce, less than a dollar above where it ended last year

The damaged LNG trains represent a structural hole in global supply that no amount of diplomatic goodwill can close before the 2026-27 winter

Brent crude futures dropped 8 cents to $112.11 a barrel ‌by 2324 GMT after settling at the highest since July 2022 on Friday

Gold and silver may stabilise after a sharp fall, with mild recovery likely but gains capped by strong dollar and high interest rates

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,36,540

Brent futures fell $1.24, or 1.1 per cent, to $107.41 a barrel as of 0148 GMT, while US West Texas Intermediate (WTI) crude fell $1.24, or 1.3 per cent, to $94.90

On the Multi Commodity Exchange, crude oil for the April delivery ended its three-day rally, declining by Rs 190, or 2.11 per cent, to Rs 8,808 per barrel in a business turnover of 18,781 lots

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,37,740

Indriya CEO says geopolitical factors will continue to support gold prices, even as demand remains strong and consumers increasingly opt for old gold exchange

Qatar's state oil and gas company said the Ras Laffan Industrial City, an energy-industry hub, had suffered "extensive damage" after it was hit by Iranian missiles

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,44,590

The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,44,910