Commodity News

Gold falls on firm dollar, oil-led inflation fears as US-Iran talks stall

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.2 per cent to 966.30 metric ‌tonnes ​on Thursday

Gold price dips ₹10 to ₹1,54,030; silver falls ₹100, trading at ₹2,59,900

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,41,190

Oil prices jump nearly 2% amid stalled peace talks between US, Iran

Brent crude futures rose $2.16, ‌or 2.05%, to $107.49 a barrel by 2346 GMT, the highest since April 7, and US West Texas Intermediate was at $96.17 a barrel, up $1.77, or 1.88%

Gold, silver may face selling pressure as Fed meeting, US-Iran talks loom

On the macroeconomic front, traders will monitor monetary policy decisions from the US Federal Reserve, Bank of Japan, Bank of England and European Central Bank

WGC proposes physically-backed common infrastructure to scale digital gold

According to the WGC white paper, the investor behaviour is shifting toward digital access

Gold outlook: Range-bound with bearish bias; check support, resistance

Gold is expected to range trade with a bearish bias with a possible test of $4600 unless the US and Iran make material progress towards resolving the conflict through diplomatic channels.

Silver outlook bearish in near-term; Analyst flag $72 as next key support

Silver can test support around $72 should bears take out the key level of $74.50. Upside may be capped at around $79 for a very short term

Crude outlook: Oil may head toward $112 on supply risks amid West Asia war

The crude oil market remains on a knife-edge. Brent's surge above $105 reflects genuine supply risks from Hormuz disruptions.

India gold premiums hit 2.5-month high on tight supply, China demand rises

Dealers quoted premiums of up to $15 an ounce over official domestic prices this week, inclusive of 6 per cent import and 3 per cent sales levies, the highest since February 7

Gold price falls ₹10 to ₹1,53,540; silver falls ₹100, trading at ₹2,59,900

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,40,740

Oil rises on concerns over escalating tensions in West Asia; Brent at $106

Both benchmark contracts settled up more than 3 per cent on Thursday and jumped $5 a barrel after reports that air defences were engaging targets over Tehran

Gold price dips ₹10 to ₹1,54,740; silver falls ₹100, trading at ₹2,64,900

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,41,840

Oil prices rise on reports of ships being hit in Hormuz, Brent above $100

Brent crude futures were ​up $1.59, or 1.6 per cent, at $100.07 a barrel at 0842 GMT while West Texas Intermediate futures rose $1.51, ‌or 1.7 per cent, to $91.18

Crude outlook: Brent below $100, but risks persist as disruption lingers

The ceasefire has still not seen the normalcy resuming in the Strait, which raises concerns for demand destruction in the coming months as the scarcity has yet to fully materialise.

Gold price falls ₹10 to ₹1,55,280; 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 ₹1,42,340

Oil slips on hopes US-Iran talks likely to proceed, boosting supply

Brent futures ​declined 95 cents, or 1%, at $94.53, as of 0003 GMT while US West Texas Intermediate (WTI) crude futures ‌for May fell $1.54, or 1.72%, to $88.07

Gold price falls ₹10 to ₹1,55,280; silver down ₹100, trading at ₹2,74,900

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,42,340

Licence renewal inertia squeezes dore gold imports, tightens supply

Industry warns that delays in renewing refinery licences for dore gold imports could tighten bullion supply, hurt jobs, and disrupt downstream jewellery manufacturing

Gold price falls ₹10 to ₹1,55,770; silver down ₹100, trading at ₹2,74,900

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,42,790

Oil rebounds over 6% after renewed US-Iran standoff in Strait of Hormuz

Brent crude futures jumped $6.11, or 6.76 per cent, to $96.49 a barrel by 2327 GMT and US West Texas Intermediate was at $90.38 a barrel, up $6.53, or 7.79 per cent