Indriya CEO says geopolitical factors will continue to support gold prices, even as demand remains strong and consumers increasingly opt for old gold exchange
Brent futures jumped $2.74, or 2.7 per cent, to $102.95 a barrel by 0357 GMT, while US West Texas Intermediate crude gained $2.45, or 2.6 per cent, to $95.95
On the Multi Commodity Exchange (MCX), crude oil for March delivery increased by ₹119, or 1.31 per cent, to ₹9,171 per barrel in a business turnover of 12,745 lots
On the Multi Commodity Exchange, the white metal for the May delivery declined by ₹4,232, or 1.63 per cent, to ₹2,55,203 per kilogram in a business turnover of 5,787 lots
Gold steadied after dropping for a second straight week, under pressure from rising energy prices and inflationary concerns arising from the US-Israeli war with Iran
IEA announced that it will make 400 million barrels of oil available from members' emergency reserves - more than double the 182.7 million barrels that the IEA's 32 countries released in 2022
Petroleum regulator advises city gas distributors to prioritise household PNG connections and accelerate pipeline expansion to reduce pressure on LPG supply chains
Silver prices are expected to remain volatile as surging oil lifts the dollar and reduces Fed rate-cut hopes, while Iran war tensions keep markets on edge
India relies heavily on LPG imports from West Asia routed through the Strait of Hormuz. The ongoing conflict has forced the Centre to divert domestic output to protect households
