Commodity News

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

Crude oil's epic fury: 300% jump! It's happened before; tracing the history

During the October 1973 Yom Kippur War, Arab OPEC members, led by Saudi Arabia, implemented an oil embargo against the US and other nations that supported Israel that led to oil rising 300 per cent.