Page 103 - Commodity News

Gold gains more than 1% as US dollar, yields pull back; palladium gains 3%

By Arundhati Sarkar

Oil prices edge up on supply concerns after drop to near 6-month low

By Laura Sanicola and Emily Chow

Gold prices fall by Rs 210 per 10 gram in early trading; silver by Rs 500

Spot gold held its ground at $1,767.39 per ounce, as of 0239 GMT US gold futures rose 0.4% to $1,783.90

CIL dispatches over 152 MT of coal to power sector in Q1: Govt tells LS

State-owned CIL dispatched 152.49 million tonnes (MT) of coal to the power sector during April-June 2022, a year-on-year rise of 19 per cent, Parliament was informed on Wednesday.

OPEC+ to decide September oil output for world amid high inflation

They also will be considering what effects staggering inflation and rising COVID-19 rates may have on global demand for fuel in the fall, with gasoline prices at the pump still high.

India's July soyoil imports jump to record on duty free buying-dealers

By Rajendra Jadhav

Oil prices fall by 1% over fuel demand worries ahead of OPEC+ meeting

Oil prices fell about 1% in early trade on Wednesday before paring some losses, ahead of a meeting OPEC+ producers on fears of a slowdown in global growth hitting fuel demand and a firmer dollar

MCX Crude Oil may soon test 200-DMA; Bias for Natural Gas turns neutral

The MCX Crude Oil futures could dip briefly below the 200-DMA at Rs 7,275 indicates the weekly momentum oscillators. Bias for Natural Gas futures no longer negative.

Gold rises in early trade, selling at Rs 51,650 per 10 gm; silver unchanged

Spot gold was down 0.2 per cent at $1,757.08 per ounce, as of 0105 GMT, after hitting a near one-month high of $1,787.79 on Tuesday

Gold prices extend gain on global recession fears, Sino-US tensions

Spot gold was up 0.3% at $1,777.79 per ounce by 10:56 a.m. ET (1456 GMT). U.S. gold futures gained 0.6% to $1,795.90.

Gold prices slumps Rs 289 on escalating tension between US and China

Gold prices declined by Rs 289 to Rs 51,877 per 10 grams in the national capital on Tuesday, according to HDFC Securities

Oil prices slip as global demand concerns weigh, OPEC+ meeting eyed

Surveys showed on Monday that factories across the United States, Europe and Asia struggled for momentum in July as flagging global demand and China's strict COVID-19 restrictions slowed production.

Gold steadies as lower US treasury yields counter uptick in dollar

Spot gold was flat around $1,771.29 per ounce by 0843 GMT, after hitting its highest since July 5 at $1,780.39 earlier in the session.

Gold rates decline Rs 110 per 10 gm; silver trading at Rs 58,000 a kg

Gold price fell by Rs 110 per 10 gram with 24-carat of the yellow metal trading at Rs 51,380 today

Jet fuel price cut by steep 12%, commercial LPG rate reduced by Rs 36

Jet fuel (ATF) prices on Monday were cut by the steepest ever 12 per cent, the second reduction in as many weeks, on softening international oil prices amid recessionary fears.

Gold falls on global cues, rupee appreciation; silver drops by Rs 223

The precious metal had closed at Rs 52,142 per 10 grams in the previous trade

India's petrol, diesel sales fall in July as monsoon sets in: Data

Petrol and diesel sales in the country fell in July over the previous month as the onset of monsoon chipped away demand in some sectors and restricted mobility, preliminary industry data showed.

Gold-Silver Price Today: Prices go down for a while - Monday, 1 August

Gold and Silver prices go down gradually. Chennai to be the most expensive to city to buy gold and silver.

Gold stalls near three-week peak as traders eye fresh economic cues

By Arundhati Sarkar

India's July fuel demand falls by 16% as monsoon rains restrict mobility

Gasoline and gasoil sales by Indian state refiners in July fell from a month earlier as monsoon rains restricted mobility and construction work while high inflation curtailed overall demand for goods