Page 145 - Commodity News

World Gold Council, GJEPC ink pact to promote gold jewellery in India

The World Gold Council and Gems and Jewellery Export Promotion Council (GJEPC) have signed an agreement to promote gold jewellery in India this year, according to a statement

Gold prices dip as dollar claws up, equities firm dimming metal's appeal

Gold prices eased on Monday as a slightly stronger dollar and buoyant equities dimmed the safe-haven metal's appeal, with investors awaiting US inflation data and Fed Chairman testimony this week

Oil prices slip as slowing progress worries offset tightening supplies

Crude futures slipped as considerations over slowing international progress outweighed the prospect of tightening provide after talks amongst key producers to lift output in coming months stalled

Gold price today at Rs 46,810 per 10 gm, silver trending at Rs 69,300 a kg

In New Delhi, the price of 22-carat gold was up by Rs 100 to Rs 48,900 per 10 gm. In Chennai, it slid to Rs 45,260

Oil prices rise for second consecutive day as US inventories decline

Signs of strong Asian demand from both China and India also strengthened the market

Maintain some allocation to gold despite 14% correction from peak

You need it to provide a hedge against a possible third wave, or correction in equities

Gold set to rise for third week on lower yields, coronavirus woes

Gold edged higher on Friday and was set for its third straight weekly gain, as concerns over the fast-spreading Delta variant and a drop in US Treasury yields lifted the safe-haven metal's demand

Oil mixed as US crude, gasoline inventories draw offset by OPEC+ standoff

Oil prices were mixed after a boost from a drop in US crude and gasoline inventories, but were still set for a weekly decline on concerns that an OPEC+ impasse could swell global crude supplies

Gold price today at Rs 46,980 per 10 gm, silver trending at Rs 69,000 a kg

The price of 22-carat-gold in Delhi stood at Rs 46,800. In Chennai, the price was Rs 45,500, and in Mumbai, it was Rs 46,980.

Global energy demand fell beyond predictions in 2020: bp Statistical Review

Drop was most since World War-II; renewable energy deployment zoomed in 2020

Gold prices set to snap six-day winning streak as US dollar rises

Spot gold was down 0.3% at $1,798.06 per ounce, as of 0650 GMT, after gaining for six straight sessions.

Gold on back foot as dollar strengthens after Federal Reserve's minutes

Gold prices slipped on Thursday, weighed down by a stronger dollar after minutes from the US Federal Reserve's latest meeting highlighted inflationary pressures

Trading strategies for nickel and lead by Tradebulls Securities

Any breach below 1,340-1,350 would crash Nickel's prices till 1,300

Oil prices fall in volatile trade as investors seek OPEC+ clarity

Oil prices fell more than $1 a barrel on Wednesday in another seesaw trading session, as investors feared what this week's collapse in Opec+ talks meant for worldwide production

Gold price today at Rs 46,970 per 10 gm; silver trending at Rs 70,000 a kg

Gold prices surged up in India following trends from the bullion markets on faltering dollar value.

Gold prices firm on weaker bond yields, Federal Reserve's minutes loom

Spot gold was up 0.1% at $1,797.84 per ounce, as of 0500 GMT, after hitting its highest since June 17 at $1,814.78 on Tuesday

Oil prices steady after steep drop as market awaits OPEC+ clarity

Brent crude was up 3 cents at $74.56 a barrel by 0115 GMT, after slumping more than 3% on Tuesday. US oil was up 7 cents at $73.44 a barrel, having declined by more than 2% in the previous session

Gold price today at Rs 46,750 per 10 gm, silver trending at Rs 70,600 a kg

The gold prices surged up in India following trends from the bullion markets on faltering dollar value.

Rising global steel prices may tone down a bit as supply eases:CARE Ratings

Led by China and India, world steel production grew 15% YoY during the first five months of CY21

Gold tops $1,800/oz mark as dollar slips; focus on Fed minutes

US gold futures jumped 1.3% to $1,806.30 per ounce.