Commodity News
Gold and silver futures rise on MCX, prices soften in global market
Gold recovers after a weak start on domestic exchange; Comex futures trade lower
 "Gold and silver futures rise on MCX, prices soften in global market")
Gold price falls ₹10 to ₹1,46,070; silver down ₹100, trading at ₹2,49,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,33,890
 "Gold price falls ₹10 to ₹1,46,070; silver down ₹100, trading at ₹2,49,900")
Oil prices rise after Iran shuts Hormuz again, Trump threatens new attacks
Brent crude futures climbed 54 cents or 0.67 per cent, to $81.11 a barrel by 0030 GMT, after touching a high of $82.30 at the start of trading
 "Oil prices rise after Iran shuts Hormuz again, Trump threatens new attacks")
Gold price dips ₹10 to ₹1,45,850; silver down ₹100, trading at ₹2,49,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,33,690
 "Gold price dips ₹10 to ₹1,45,850; silver down ₹100, trading at ₹2,49,900")
Gold may test $4,000 amid strong dollar, hawkish Fed: Mirae Asset ShareKhan
Gold price outlook: In the near term, gold can slide further. A test of support around $4000 is possible, while an extended decline to $3800 cannot be ruled out.
 "Gold may test $4,000 amid strong dollar, hawkish Fed: Mirae Asset ShareKhan")
Oil prices fall as tankers resume transit through Strait of Hormuz
By 0645 GMT, Brent crude futures gained 51 cents, or 0.64 per cent, to $80.36 a barrel, and US West Texas Intermediate crude rose $1.28, or 1.7 per cent, to $77.88 a barrel
 "Oil prices fall as tankers resume transit through Strait of Hormuz")
Silver prices fall sharply as USD surges on hawkish Fed; may test $60
Silver was trading at $66, down 7.78 per cent from June 17 high of $71.57.
 "Silver prices fall sharply as USD surges on hawkish Fed; may test $60")
Gold demand stays muted in India despite price drop to two-month low
India's physically backed gold exchange-traded funds (ETFs) recorded their first net monthly outflow in a year in May, driven by profit-taking following a price rally on higher import duties
 "Gold demand stays muted in India despite price drop to two-month low")
Gold, silver price today: Gold slips below ₹1.50 lakh, silver falls sharply
At the time of writing, the MCX gold contract was trading ₹2,031 lower at ₹1,47,278
 "Gold, silver price today: Gold slips below ₹1.50 lakh, silver falls sharply")
Gold price falls ₹10 to ₹1,49,500; silver down ₹100, trading at ₹2,59,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,37,040
 "Gold price falls ₹10 to ₹1,49,500; silver down ₹100, trading at ₹2,59,900")
Oil prices fall 2% to lowest since start of Iran war on US-Iran peace deal
Brent crude futures were down $1.64, or 2.06 per cent, at $77.91 a barrel as of 0427 GMT, and US West Texas Intermediate fell $1.80, or 2.34 per cent, to $74.99 a barrel
 "Oil prices fall 2% to lowest since start of Iran war on US-Iran peace deal")
Gold price dips ₹10 to ₹1,51,090; silver down ₹100, trading at ₹2,64,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,38,490
 "Gold price dips ₹10 to ₹1,51,090; silver down ₹100, trading at ₹2,64,900")
Gold's next test is the US Fed, as Kevin Warsh holds his first FOMC
Gold sold off not because the war became less threatening, but because the war was making the Fed's job harder.
 "Gold's next test is the US Fed, as Kevin Warsh holds his first FOMC")
Oil dips as investors weigh Iran war deal, Hormuz reopening uncertainty
Brent crude futures dipped 16 cents, or 0.2 per cent, to $78.80 a barrel by 0340 GMT, while US West Texas Intermediate fell 25 cents, or 0.3 per cent, to $75.80 a barrel
 "Oil dips as investors weigh Iran war deal, Hormuz reopening uncertainty")
Gold price falls ₹10 to ₹1,51,360; silver down ₹100, trading at ₹2,64,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,38,740
Deal done, but don't count on cheap Oil yet; cautions Mirae Asset Sharekhan
Shipping data firm Kpler estimates that daily transits may rise to around 40 vessels within the first month - less than half the pre-war average of 100, says Mohammed Imran, of Mirae Asset Sharekhan.
 "Deal done, but don't count on cheap Oil yet; cautions Mirae Asset Sharekhan")
Oil prices fall as markets weigh return of supply, US-Iran peace deal
On Monday, oil prices fell nearly 5 per cent to their lowest close since March 4, after US President Donald Trump said a memorandum of understanding was signed to end the US-Israeli war with Iran
 "Oil prices fall as markets weigh return of supply, US-Iran peace deal")
Gold price climbs ₹10 to ₹1,51,540; silver up ₹100, trading at ₹2,65,100
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,38,910
Gold prices jump 2.7% to near one-week high after US-Iran peace deal
Spot gold rose 2.7 per cent to $4,334.48 per ounce, as of 0857 GMT, hitting its highest level since June 9
Silver prices jump ₹6,000 to ₹2.52 lakh/kg amid easing West Asia tensions
The rebound comes after US and Iranian officials announced that they had reached an initial agreement to end the conflict, lift the US naval blockade on Iran and reopen the Strait of Hormuz
 "Silver prices jump ₹6,000 to ₹2.52 lakh/kg amid easing West Asia tensions")