Page 100 - Commodity News
Brent oil climbs above $100 a barrel amid talk about OPEC output cuts
Brent for October settlement reached a three-week high, trading up $1.30, or 1.3%, at $101.52 a barrel by 0850 GMT. U.S. crude was up $1.18, or 1.3%, at $94.92 a barrel.
 "Brent oil climbs above $100 a barrel amid talk about OPEC output cuts")
Oil prices climb $1 a barrel as tight supply moves back into focus
The Saudi energy minister said OPEC+ had the means to deal with challenges including cutting production, state news agency SPA said on Monday, citing comments Abdulaziz bin Salman made to Bloomberg
 "Oil prices climb $1 a barrel as tight supply moves back into focus")
Gold, silver fall in early trade; yellow metal selling at Rs 51,930 /10 gm
Gold prices fell by Rs 220 per 10 gram in Tuesday's early trade while silver was down by Rs 400 a kg
 "Gold, silver fall in early trade; yellow metal selling at Rs 51,930 /10 gm")
Oil falls 4% on concerns economic slowdown may dent fuel demand
US West Texas Intermediate crude for September delivery - due to expire on Monday - was down $3.77, or 4.1%, at $87
 "Oil falls 4% on concerns economic slowdown may dent fuel demand")
Gold, other precious metals slump as dollar hits fresh five-week high
Extending losses into a sixth session, spot gold was down 0.7% to $1,736.03 per ounce by 11:23 a.m. EDT (1523) GMT after hitting its lowest level since July 27 earlier in the session.
 "Gold, other precious metals slump as dollar hits fresh five-week high")
Sovereign Gold Bonds: Discounts, prices and everything you should know
The Sovereign Gold Bond scheme flares today, allowing you to buy gold bonds at a fixed interest of 2.5-percent twice a year. Read this article to know everything about gold bonds
 "Sovereign Gold Bonds: Discounts, prices and everything you should know")
MCX Gold may seek support around Rs 51,100-level; Silver remains negative
The MCX Gold October futures is trading near multiple supports in the form of 20-WMA, 20-DMA and 50-DMA; Whereas Silver futures may seek support near its recent low of Rs 54,160-odd level, while the u
 "MCX Gold may seek support around Rs 51,100-level; Silver remains negative")
Gold unchanged in early trade; silver falls Rs 100, selling at Rs 55,500/kg
Gold prices remained unchanged in Monday's early trade with 10 gram of the yellow metal (24-carat) trading at Rs 52,150
Gold prices fall Rs 100 on Saturday; silver selling at Rs 56,000 per kg
The price of 22-carat gold also fell Rs 100 and the precious metal is trading at Rs 47,800
Gold imports up 6.4% to $13 billion in April-July this fiscal year
The imports stood at USD 12 billion during the same period a year ago
SGB issue price fixed at Rs 5,197 per gm; subscription to open on Monday
Central govt, in consultation with the RBI, has decided to offer a discount of Rs 50 per gram, less than the nominal value, to those investors applying online and payment is made through digital mode
 "SGB issue price fixed at Rs 5,197 per gm; subscription to open on Monday")
Gold witnesses first weekly decline in a month as dollar, US bond rises
Spot gold fell for a fifth straight session, down 0.3% at $1,753.84 per ounce, which could be its longest losing streak since November 2021
Gold imports up 6.4% to $13 billion in April-July due to 'healthy demand'
India's gold imports, which have a bearing on the country's Current Account Deficit, rose 6.4% to $12.9 billion during April-July this fiscal due to healthy demand, according to government data
Gold prices unchanged on Friday; silver selling at Rs 56,700 per kg
Spot gold was down 0.2 per cent at $1,754.44 per ounce, as of 0156 GMT, after falling to its lowest since July 29 at $1,752.77 earlier in the session
India's demand for gold rises 43% in June qtr as economy recovers: WGC
As the economy recovers from the coronavirus damage, India's gold demand for the June quarter increases by 43% compared to the corresponding quarter last year, says a report by World Gold Council.
Gold prices fall by Rs 110 per 10 gm; silver trading at Rs 57,600/kg
Gold and silver prices fell in today's early trade as 10 gram of the yellow metal (24-carat) is trading at Rs 52,250
Oil slips to six-month low as fears over global recession weigh
Oil fell on Wednesday to a 6 month low after a brief respite as concerns about the prospect of recession that would weaken demand overshadowed a report showing lower US crude & gasoline stocks
Investment demand to lift India's silver imports to record high level
Higher demand in India, the world's biggest silver consumer, could support global prices
 "Investment demand to lift India's silver imports to record high level")
MCX Crude Oil futures can slide to Rs 5,700-level, chart suggests
Sustained trade below Rs 6,800-level, can trigger a sharp slide in MCX Crude Oil August futures towards the 50-WMA; Meanwhile, bias for Natural Gas is positive.
 "MCX Crude Oil futures can slide to Rs 5,700-level, chart suggests")
Gold, silver prices fall in early trade; yellow metal at Rs 52,360/10 gm
Gold prices were flat on Wednesday, as investors awaited the release of the minutes of the US Federal Reserve's last policy meetin