Commodity News
Oil prices plunge; two Indian LPG tankers cross Strait of Hormuz
Oil prices dropped sharply after Trump paused Iran strikes, while Indian LPG tankers crossed the Strait of Hormuz amid supply concerns and disruptions in West Asia
 "Oil prices plunge; two Indian LPG tankers cross Strait of Hormuz")
Crude oil rises ₹359 to ₹9,617 per barrel on Iran war, supply concerns
Analysts said crude oil prices rallied in domestic and international markets as investors assessed the impact of rising tensions around the Strait of Hormuz, a key oil transit route
 "Crude oil rises ₹359 to ₹9,617 per barrel on Iran war, supply concerns")
Silver hits lower circuit in futures trade, down 9% at ₹2.06 lakh/kg
Analysts said the sharp fall came despite escalating tensions in West Asia, as broader macroeconomic factors weighed heavily on precious metal prices
 "Silver hits lower circuit in futures trade, down 9% at ₹2.06 lakh/kg")
Goldman raises oil forecasts on largest-ever supply shock amid Iran war
Brent is expected to average $85 a barrel in 2026, up from an earlier forecast of $77, analysts including Daan Struyven said in a note
 "Goldman raises oil forecasts on largest-ever supply shock amid Iran war")
Indian Rupee weakens past 94/$ on elevated crude prices, firm US dollar
The decline in the domestic currency, analysts said, reflects a combination of elevated crude prices, persistent foreign outflows, and a structurally strong US dollar
 "Indian Rupee weakens past 94/$ on elevated crude prices, firm US dollar")
Gold, silver ETFs decline up to 8% as West Asia crisis spooks investors
Broader market sentiment was also fragile on Monday as the war in West Asia entered its fourth week with no clear resolution in sight
 "Gold, silver ETFs decline up to 8% as West Asia crisis spooks investors")
Gold price falls ₹10 to ₹1,45,960; silver down ₹100, trades at ₹2,44,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,33,790
 "Gold price falls ₹10 to ₹1,45,960; silver down ₹100, trades at ₹2,44,900")
Gold falls more than 3% as West Asia war deepens inflation concerns
Bullion plunged as much as 3.8 per cent to near $4,320.30 an ounce, less than a dollar above where it ended last year
 "Gold falls more than 3% as West Asia war deepens inflation concerns")
LNG crunch may stoke inflation, slow global growth after Qatar hit: Analyst
The damaged LNG trains represent a structural hole in global supply that no amount of diplomatic goodwill can close before the 2026-27 winter
 "LNG crunch may stoke inflation, slow global growth after Qatar hit: Analyst")
Oil steady as investors weigh US-Iran threats to facilities, sanctions lift
Brent crude futures dropped 8 cents to $112.11 a barrel by 2324 GMT after settling at the highest since July 2022 on Friday
 "Oil steady as investors weigh US-Iran threats to facilities, sanctions lift")
Gold, silver may see mild recovery next week; PMI, crude in focus
Gold and silver may stabilise after a sharp fall, with mild recovery likely but gains capped by strong dollar and high interest rates
 "Gold, silver may see mild recovery next week; PMI, crude in focus")
Gold price dips ₹10 to ₹1,48,900; 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 ₹1,36,540
 "Gold price dips ₹10 to ₹1,48,900; silver down ₹100, trades at ₹2,54,900")
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
 "Brent crude falls to $107 as US, allies look to secure Strait of Hormuz")
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
 "Crude oil futures slide 2% to ₹8,808 per barrel amid Iran supply hopes")
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
 "Gold price falls ₹10 to ₹1,50,270; silver down ₹100, trades at ₹2,59,900")
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
 "Basing it on history, gold will continue to rise: Indriya CEO Sandeep Kohli")
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