Commodity News

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

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

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

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

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

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

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, 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 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

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

Gold price climbs ₹10 to ₹1,53,010; silver up ₹100, trades at ₹2,70,100

The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,40,260

Oil prices rise as investors weigh prospects of peace deal in West Asia war

Both benchmarks slumped more than 7 per cent on Wednesday, hitting two-week lows on optimism over a possible end to the West Asia war

Gold price dips ₹10 to ₹1,49,170; silver down ₹100, trades at ₹2,54,900

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,36,740

Gold price dips ₹10 to ₹1,49,610; silver down ₹100, trades at ₹2,64,900

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,37,140

Oil eases after surge as US bid to reopen Strait of Hormuz calms markets

Brent oil futures for July fell 68 cents, or 0.6 per cent, to $113.76 per barrel at 0100 GMT, after settling up 5.8 per cent on Monday

Oil falls after Trump announces Project Freedom to escort ships via Hormuz

Brent ‌crude futures fell 6 cents, or 0.1 per cent, to $108.11 a barrel by 0400 GMT after settling down $2.23 on Friday

Gold price dips ₹10 to ₹1,50,920; silver falls ₹100, trading at ₹2,64,900

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,38,340

Gold price falls ₹10 to ₹1,50,370; silver rises ₹100, trading at ₹2,55,100

The price of 22-carat gold fell by ₹10, with ten grams of the yellow metal selling at ₹1,37,840