Page 157 - Commodity News

Oil price dips as record Covid-19 cases in India imperil demand revival

West Texas Intermediate slid 0.6%, though remains within the $5 range it has traded in since mid-March

Trading strategies for gold and zinc by Tradebulls Securities

Gold has made double bottom around 44,150 and bounced back sharply

Gold price today at Rs 48,870 per 10 gm, silver trending at Rs 66,300 a kg

In New Delhi, the price of 22-carat gold is at Rs 44,800 per 10 gm, while in Chennai it fell to Rs 42,970

Gold price falls on swift economic recovery hopes; US Fed minutes eyed

Spot gold was down 0.4% to $1,737.09 per ounce by 0946 GMT. US gold futures slipped 0.3% to $1,737.70 per ounce

Oil prices decline despite prospects for stronger global economic outlook

Oil prices eased on Wednesday despite prospects for stronger global economic growth as talks to revive a nuclear deal with Iran opens the possibility of an easing of sanctions on its oil exports

Gold price today at Rs 48,600 per 10 gm, silver trending at Rs 65,000 a kg

In New Delhi, the price of 22-carat gold is at Rs 44,550 per 10 gm, while in Chennai it fell to Rs 42,570

Oil price rebounds on robust economic data from US, China, bargain hunting

Oil prices rose supported by strong economic data from China and the US, recouping some of the losses from the previous session due to rising OPEC+ supply and infections in India and parts of Europe

Gold price hits more than one-week peak as dollar and yields slip

Gold prices rose on Tuesday to their highest level in more than a week as a weaker dollar and pullback in US bond yields lifted demand for the safe-haven metal

Can rising Covid cases, lockdowns bring back lustre to gold prices?

The yellow metal lost sheen as investors shifted out of this safe-haven asset to more lucrative investment options, such as cyclical stocks

Gold price today at Rs 48,450 per 10 gm, silver trending at Rs 65,000 a kg

In New Delhi, the price of 22-carat gold is at Rs 44,410 per 10 gm, while in Chennai it fell to Rs 42,580

Oil price slips to $64 as rising OPEC+ supply, Iranian output weighs

The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, agreed on Thursday to monthly production hikes from May to July. Iran is also boosting supply

Gold prices slip as strong US jobs data boosts dollar, bond yields

Spot gold was down 0.1% to $1,726.36 per ounce by 0733 GMT. Gold futures were flat at $11,762.40 per ounce

India gold lenders cut tenor, seek more collateral as prices plunge

Gold loans had boomed over the past year as small businesses tried to revive themselves from lockdowns by pledging family jewelry that's a staple of almost all Indian households

India's steel output reports marginal fall to over 19 MT in Jan-Feb 2021

India's crude steel output fell by 1 per cent to 19.1 million tonnes (MT) during the first two months of 2021, according to worldsteel

OPEC and allies agree to gradually boost crude oil output from May to July

The OPEC oil cartel and allied countries said that they have decided to add gradually add back some 2 million barrels per barrel per day of oil production from May to July

India's March gold imports surge 471% to a record 160 tonnes: Report

Higher imports by the world's second-biggest bullion consumer could support benchmark gold prices, which have corrected nearly 17% from an all-time high of $2,072 in August 2020

Gold price today at Rs 47,790 per 10 gm, silver trending at Rs 63,600 a kg

In New Delhi, the price of 22-carat gold is at Rs 43,800 per 10 gm, while in Chennai it fell to Rs 42,380

Jet fuel price cut by 3% in line with softening international crude prices

In the first reduction in rate in two months, jet fuel or ATF price on Thursday was cut by 3 per cent in line with softening international crude oil prices

India's March gold imports surge 471% to a record 160 tonnes: Report

India's gold imports in March surged 471% from a year earlier to a record 160 tonnes, a government source told Reuters on Thursday

India's Oct-Mar sugar output rises 19% to 27.76 MT; exports gain momentum

The country is the world's second-biggest sugar producer and the higher output could weigh on global prices