Commodity News

Brent crude falls to $107 as US, allies look to secure Strait of Hormuz

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

Crude oil futures slide 2% to ₹8,808 per barrel amid Iran supply hopes

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

Gold price falls ₹10 to ₹1,50,270; silver down ₹100, trades at ₹2,59,900

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

Basing it on history, gold will continue to rise: Indriya CEO Sandeep Kohli

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 crude hits $115 after Iran attacks energy facilities in West Asia

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

Gold price dips ₹10 to ₹1,57,740; 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 ₹1,44,590

Gold price climbs ₹10 to ₹1,58,090; silver up ₹100, trades at ₹2,75,100

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

Oil prices rise over 2% amid Iran war supply risks as Hormuz remains shut

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

Gold price dips ₹10 to ₹1,57,410; silver down ₹100, trades at ₹2,69,900

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,44,290

Crude futures rise to ₹9,171/barrel on strong global cues; Brent hits $106

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

Silver futures slide ₹4,232 to ₹2.55 lakh/kg on weak demand, strong dollar

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 price falls ₹10 to ₹1,59,650; 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 ₹1,46,340

Gold wavers near $5,000 as West Asia war fuels market uncertainty

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

Emergency stocks of oil will soon start flowing to global markets: IEA

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

LPG shortage: PNGRB asks city gas firms to speed up piped gas line rollout

Petroleum regulator advises city gas distributors to prioritise household PNG connections and accelerate pipeline expansion to reduce pressure on LPG supply chains

Gold price dips ₹10 to ₹1,60,680; silver falls ₹100, trading at ₹2,79,800

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,47,290

Gold set for weekly drop as oil price surge weighs on rate-cut hopes

As oil prices surged, US President Donald ​Trump again demanded Fed Chair Jerome Powell cut interest rates

No Fed rate cut, Dollar rally may keep gold prices under pressure: Analyst

Rising oil prices and a stronger dollar are limiting gold's safe-haven appeal as markets reassess Fed rate cut expectations

Silver to remain choppy as Iran war lifts oil prices, US dollar demand

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

Gold price falls ₹10 to ₹1,62,210; silver down ₹100, trades at ₹2,79,900

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,48,690