Page 146 - Commodity News

Gold set for biggest monthly drop since 2016 on Fed's hawkish stance

Gold was hovering around an over two-month low on Wednesday as investors awaited US jobs data for further clarity on the Federal Reserve's policy stance

Oil steadies as OPEC fuels demand hopes amid new Covid-19 worries

Brent crude futures settled up 8 cents, or 0.1%, at $74.76 a barrel, having slumped by 2% on Monday

Gold price today at Rs 46,200 per 10 gm, silver trending at Rs 67,900 a kg

In New Delhi, the price of 22-carat gold was at Rs 46,150 per 10 gm, while in Chennai it was at Rs 44,450.

Gold prices inch lower on firm dollar, US Federal Reserve hawkish stance

Gold prices eased on Tuesday, as a firmer dollar made bullion expensive for holders of other currencies

Oil falls as flare-ups of Covid-19 Delta variant threaten fuel demand

Oil prices slipped for a second day on Tuesday on worries about slower fuel demand growth as outbreaks of the highly contagious Covid-19 variant Delta sparked new mobility restrictions around world

Soaring pump prices pose threat to India's recovery and inflation

Fuel costs have been ratcheted up to current levels by the combined effects of rising benchmark Brent prices and numerous tax hikes over the past few years.

Gold price today at Rs 46,160 per 10 gm, silver trending at Rs 67,900 a kg

In New Delhi, the price of 22-carat gold was at Rs 46,150 per 10 gm, in Chennai, it was at Rs 44,440.

Gold hits 1-week low on dollar bounce, mixed signals from Fed officials

Gold prices slipped to a one-week low on Monday, weighed down by a bounce in the dollar and mixed signals from the US Federal Reserve

Gold ticks up on weaker dollar, tamer than expected inflation data

Gold prices inched higher on Monday, as the dollar eased and tamer-than-expected US inflation data allayed fears of an early monetary policy tightening by the Federal Reserve

Oil prices strike 2018 highs on demand recovery, Iran nuclear talks

Oil prices climbed to highs last seen in October 2018 on Monday as the United States and Iran wrangled over the revival of a nuclear deal, delaying a surge in Iranian oil exports

Gold price today at Rs 46,160 per 10 gm, silver trending at Rs 67,900 a kg

In New Delhi, the price of 22-carat gold was at Rs 46,260 per 10 gm, in Chennai the price is at Rs 44,460.

Gold imports jump multi-fold to $6.91 bn in Apr-May on low base effect

Gold imports, which have a bearing on the current account deficit, zoomed to 6.91 billion during April-May 2021 due to low base effect in the wake of the Covid-19 pandemic

Oil prices rise for fifth week to highest since 2018 on strong demand

Brent futures rose 62 cents, or 0.8 per cent, to settle at US$76.18 a barrel, while US West Texas Intermediate (WTI) crude rose 75 cents, or 1.0 per cent, to US$74.05

Oil keeps climbing for fifth week on tight supply outlook, eyes on OPEC+

US West Texas Intermediate (WTI) crude futures rose 8 cents, or 0.1%, to $73.38 a barrel at 0216 GMT, headed for a 2.4% gain for the week

Gold price today at Rs 46,190 per 10 gm, silver trending at Rs 67,900 a kg

In New Delhi, the price of 22-carat gold was at Rs 46,150 per 10 gm while in Chennai the price declined to Rs 44,400.

Gold prices subdued after mixed signals from US Federal Reserve

Spot gold was down 0.1% at $1,776.20 per ounce by 0709 GMT

Gold prices on back foot as dollar firms; traders await US Fed data

Spot gold was down 0.2% at $1,774.96 per ounce, as of 0251 GMT. US gold futures fell 0.4% to $1,776.10.

Trading strategies for gold and aluminum by Tradebulls Securities

In gold, fresh selling can commence below 46,800 levels while buying can commence above 47,300.

Middle East's crude share of India's oil imports hits 25-month low in May

India, world's third biggest oil importer, in March directed refiners to diversify crude sources after OPEC and its allies, led by top exporter Saudi Arabia, ignored Delhi's call to ease supply curbs

Gold price today at Rs 46,150 per 10 gm, silver trending at Rs 67,900 a kg

In New Delhi, the price of 22-carat gold was at Rs 46,250 per 10 gm. In Chennai it is at Rs 44,550.