Commodity News

Oil falls over 6% as Trump predicts de-escalation in West Asia conflict

Shortly after settlement, prices turned negative following news of a phone call between US President Donald Trump and Russian President Vladimir Putin

West Asia conflict: With crude at $100, OMCs to face margin pressure

The retail prices of petrol and diesel currently stand at ₹94.77 per litre and ₹87.67 per litre, respectively, in Delhi, compared to ₹110.04 per litre and ₹98.42 per litre, respectively, in Nov 2021

Qatar LNG pause may flip global supply surplus into deficit: Morgan Stanley

Analysts at Morgan Stanley said that if the LNG outage in Qatar extends beyond a month, the global LNG market forecast could quickly swing from surplus to deficit

Aluminium hits near four-year high as Iran war fuels supply fears

Aluminum rose as much has 1.6 per cent to $3,499.50 a ton, the highest since April 2022, on the London Metal Exchange, following a gain of almost 10 per cent last week

Gold price dips ₹10 to ₹1,63,630; silver falls ₹100, trading at ₹2,84,900

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,49,990

Gold slides to near $5k as oil surge stokes fears of higher interest rates

Bullion fell as much as 2.5 per cent to below $5,050 an ounce in early trading, after its first weekly decline in more than a month

Gold price dips ₹10 to ₹1,61,120, silver down ₹100, trades at ₹2,84,900

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,47,690

Indian refiners seek legal clarity on buying Russian oil under US waiver

The US on Thursday allowed Indian refiners a 30-day waiver from sanctions to buy Russian oil loaded on vessels as of March 5. Approval related to Russia's oil sale to India is valid until April 4

India's fuel demand slips month-on-month in February, rises annually

Indian refiners have been buying Venezuelan oil to diversify their supply mix as they reduce Russian oil imports, a move that helped New Delhi clinch an interim trade deal with Washington

Gold outlook: Analyst holds mildly bearish stance; $5k make-or-break level

Gold price outlook: Gold is caught between safe haven demand support and selling coming on a firmer US Dollar

Stronger dollar, lower China GDP forecast weakens Silver outlook: Analyst

Silver price outlook: Silver faces selling pressure amid strong US data, firm dollar and rising yields. The metal may test $77 support if weakness continues, said Mirae Asset Sharekhan analyst

Gold price falls ₹10 to ₹1,62,870; silver down ₹100, trades at ₹2,84,900

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,49,290

Gold prices up on safe-haven rush, but dollar strength restrains rally

Spot gold was up 0.5 per cent at $5,166.3 per ounce as of 1800 ist, while US gold futures for April delivery were up 0.7 per cent at $5,168.20

Oil prices rise as West Asia crisis chokes off vital oil, gas supply

Brent crude was trading up $1.67, or 2.05%, at $83.07 per barrel by 0141 ‌GMT. US West Texas Intermediate crude rose $1.94, or 2.60%, to $76.60

Gold rises over 1% as US-Israel strikes on Iran boost safe-haven demand

Spot gold gained 1.6 per cent to $5,168.69 per ounce as ‌of 0249 GMT while US gold futures for April delivery added 1.1 per cent to $5,178.40

Gold price falls ₹10 to ₹1,67,610; silver down ₹100, trades at ₹2,94,900

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,53,640

Gold extends gains as ongoing West Asia crisis boosts safe-haven demand

Spot ​gold was up 1 per cent at $5,377.21 per ounce. US gold futures for April delivery were up 1.5 per cent at $5,391.90

Gold price falls ₹10 to ₹1,70,500; silver rises ₹100, trades at ₹3,15,100

The price of 22-carat gold fell by ₹10, with ten grams of the yellow metal selling at ₹1,56,290

Gold surges over 1%, climbs above $5,300 as strikes on Iran rattle markets

Data on Friday showed that US ​producer ‌prices rose more than expected in January, suggesting inflation could pick up in coming ‌months

Gold price climbs ₹10 to ₹1,73,090; silver falls ₹100, trades at ₹2,94,900

The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,58,660