Page 109 - Commodity News

Gold struggles for traction as interest rate hike bets, dollar dim appeal

Spot gold was little changed at $1,734.59 per ounce by 0916 GMT after hitting $1,722.36 earlier in the session, its lowest since Sept. 30. US gold futures rose 0.1% to $1,733.60.

Gold, silver unchanged in early trade; yellow metal at Rs 51,150 per 10 gm

In Delhi, Mumbai, and Kolkata, 10 gram of 24-carat gold is selling at Rs 51,210

Oil steadies as China's Covid-19 fears face tight supply concerns

By Scott DiSavino

Global demand fears, Covid in China, soaring dollar slam copper prices

Benchmark copper on the London Metal Exchange (LME) was down 3% at $7,573 a tonne at 1601 GMT.

Russia's share of India's June oil imports surges to record 950,000 bpd

By Nidhi Verma

Gold hovers near 9-month low as dollar gains on looming rate hikes

By Arundhati Sarkar

China's $220-bn stimulus unlikely to reverse global metals meltdown

Extra funds will likely be used to plug Covid-era budget gaps, and won't tackle the bigger issue for metals demand: a subdued property market and a still-struggling manufacturing sector

China stimulus unlikely to reverse rout in the global metals market

While Chinese stimulus played a role in rescuing industrial commodities from slumps in global demand, after the 2008 financial crisis, in late 2015, and in 2020, there's much more caution this time

Power engineers body asks govt not to move electricity bill in 'haste'

A power sector engineers' body has asked the government to not introduce the electricity (amendment) bill in the upcoming session of Parliament "in haste" and hold discussions with all stakeholders

Gold, silver prices unchanged; yellow metal trading at Rs 51,110/ 10 gram

Silver prices also remain unchanged with one kg of precious metal trading at Rs 57,000

Lower edible oil price by Rs 15 with immediate effect: Govt to associations

It has also advised that the price to distributors by the manufacturers and refiners needs to be reduced immediately so that the price drop is not diluted in any way.

How will the hike in import duty of gold affect customers in India

Indian gold imports in May were recorded at 107 tonnes, a rise of 790 per cent year-on-year, and impacting the current account deficit negatively

Gold, silver unchanged in early trade; yellow metal selling at Rs 51,110

Silver is selling at Rs 57,000 per kg today

Oil prices rise by over $5 as tight supply outweighs recession fears

Traders are bracing for oil supply disruptions at the Caspian Pipeline Consortium, which has been told by a Russian court to suspend activity for 30 days

Production from captive, commercial coal mines rises 79% in June quarter

The production from captive and commercial coal blocks has increased by 79 per cent to 27.7 Million Tonnes (MT) in the June quarter.

Gold sector finds reprieve after selloff as US dollar rally cools

By Arundhati Sarkar

Kalyan Jewellers reports robust revenue growth of over 65% in June quarter

Kalyan Jewellers on Thursday said it witnessed continued momentum in both footfall and revenue across all our markets in India and the Middle East in the first quarter of this financial year.

Gold prices gain on bargain hunting after sharp losses, softer dollar

Gold prices have regained footing following some significant losses and a comparable softer US Dollar

Gold, silver prices fall; yellow metal trading at Rs 51,930 per 10 gram

Silver, on the other hand, is also witnessing a losing streak as the precious metal falls Rs 2,000. One kg of silver is currently selling at Rs 56,900

Domestic LPG cylinder rate increased by Rs 50 from today; check prices

A domestic LPG cylinder will now cost Rs 1,053 in the national capital Delhi. In Mumbai, it will cost Rs 1,052.50