Page 147 - Commodity News

Precious metals: Gold prices gain Rs 110; silver climbs Rs 324

This comes amid a recovery in global precious metal prices

India's gasoline demand recovers as Asia growth remains patchy in pandemic

Stockpiles of light distillates in the distribution hub of Singapore suggest growing oversupply.

Gold ticks up after Jerome Powell pledges not to raise rates quickly

Gold prices gained on Wednesday after US Federal Reserve Chair Jerome Powell promised not to raise interest rates too quickly based only on the fear of coming inflation

Oil resumes climb as US crude inventories fall more than expected

Oil prices rose after data showed US crude inventories fell more than expected, reinforcing views of a tightening supply-demand balance with road and air travel picking up in Europe and North America

Gold price today at Rs 46,120 per 10 gm, silver trending at Rs 67,800 a kg

In New Delhi, the price of 22-carat gold is at Rs 46,250 per 10 gm while in Chennai, it is at Rs 44,400.

Gold prices gain marginally to Rs 46,213; silver declines Rs 66,389

In the previous trade, the precious metal had closed at Rs 46,168 per 10 gram.

Gold edges higher on subdued dollar ahead of Jerome Powell's testimony

Gold inched higher on Tuesday as a halt in the dollar's rally bolstered the appeal of the precious metal ahead of US Federal Reserve Chairman Jerome Powell's testimony to Congress

Oil price falls but sentiment stays strong on demand recovery hopes

Brent crude futures for August eased 10 cents, or 0.1%, to $74.80 a barrel by 0110 GMT, while US West Texas Intermediate (WTI) crude for July was at $73.44 a barrel, down 22 cents, or 0.3%

Gold price today at Rs 46,220 per 10 gm, silver trending at Rs 67,600 a kg

In New Delhi, the price of 22-carat gold settled for Rs 46,100 per 10 gm while in Chennai it settled for Rs 44,350.

Oil prices firm on summer demand as Iran nuclear deal revival talks drag

Both benchmarks have risen for the past four weeks on optimism over the pace of global Covid-19 vaccinations

Gold set to snap six-day losing streak as US bond yields slide

Gold set to snap six-day losing streak as US bond yields slide

Gold prices firm as US Treasury yields slide to lowest since late Feb

Gold prices gained on Monday, after posting a 6% drop last week, as a retreat in US Treasury yields bolstered the non-yielding metal's appeal

Oil prices edge up on strong demand, pause in Iran nuclear talks

Brent crude futures for August gained 30 cents, or 0.4%, to $73.81 a barrel by 0051 GMT, while U.S. West Texas Intermediate (WTI) crude for July was at $71.96 a barrel, up 32 cents, or 0.5%

Gold price today at Rs 46,220 per 10 gm, silver trending at Rs 67,600 a kg

In New Delhi, the price of 22-carat gold was down to Rs 46,140 per 10 gm and in Chennai, it declined to Rs 44,290

Petrol crosses Rs 97 in Delhi, diesel nears Rs 88 after another price hike

Petrol price in the national capital crossed Rs 97 a litre and diesel neared Rs 88 after fuel prices were raised yet again.

Petrol crosses Rs 100 in Bengaluru - third metro after Mumbai, Hyderabad

Bengaluru on Friday became the third metro city in the country to see petrol price cross Rs 100 per litre mark after fuel prices were raised yet again.

Some commodities have now wiped out all of their 2021 rally: Here's why

Other commodities that have seen their big rallies evaporate include platinum, while once-surging nickel, sugar and even lumber have faltered.

Gold price today at Rs 47,350 per 10 gm, silver trending at Rs 70,300 a kg

In New Delhi, the price of 22-carat gold was down to Rs 47,000 per 10 gm and in Chennai, it dropped to Rs 45,150.

Steel firms expect pick-up in domestic demand from July, led by auto sector

Housing sector demand yet to get back with construction activity being impacted by lockdowns and migration of workers

Oil falls below $72 a barrel following Fed's tilt towards tightening policy

A rise in the dollar reduces the appeal of commodities priced in the currency