Page 164 - Commodity News

ONGC, OIL not expecting year-end windfall with recovery in crude oil prices

Price movement nudges governments to scale back tax hikes

Gold prices increase on Biden's stimulus plans, Fed's dovish stance

Gold rose as prospects of a substantial US pandemic relief package boosted the metal's appeal as an inflation hedge, while the Federal Reserve's dovish stance on monetary policy also supported prices

Oil prices mixed as lockdowns in Chinese cities raise questions on demand

Oil prices were mixed as strong import data from China, the world's biggest crude importer, that boosted sentiment earlier ran into concerns about Chinese cities in lockdown due to coronavirus

Gold price today at Rs 52,750 per 10 gm, silver trending at Rs 66,000 a kg

In New Delhi, the gold price of 22-carat gold is at Rs 48,350 per 10 gm, while in Chennai it fell to Rs 46,600

Gold prices retreat as dollar, US Treasury yields rebound; Stimulus awaited

Gold prices fell on Thursday as US Treasury yields and the dollar rebounded, while investors awaited details on incoming US President Joe Biden's coronavirus stimulus proposal

Oil prices dip on rise in virus cases; US stock draw checks losses

Oil prices eased for a second day as mounting coronavirus cases globally raised demand concerns, although a drawdown in US crude stocks for a fifth straight week capped losses

Gold price today at Rs 52,750 per 10 gm, silver trending at Rs 66,300 a kg

In New Delhi, the gold price of 22-carat gold is at Rs 48,350 per 10 gm, while in Chennai it fell to Rs 46,620

Saudi Aramco cuts February crude supply to some Asian refiners, sources say

Saudi Arabia has cut supplies of February-loading crude by 10% for at least two Asian buyers while meeting requirements of at least three others, several refinery and trade sources said

Gold price today at Rs 52,750 per 10 gm, silver trending at Rs 65,800 a kg

In New Delhi, the gold price of 22-carat gold is at Rs 48,350 per 10 gm, while in Chennai it fell to Rs 46,800

Gold price today at Rs 52,420 per 10 gm, silver trending at Rs 64,800 a kg

In New Delhi, the gold price of 22-carat gold is at Rs 48,050 per 10 gm, while in Chennai it fell to Rs 46,800

Gold hits near six-week low on firmer dollar, higher Treasury yields

Gold prices touched a near six-week low on Monday, extending losses from the previous session, as a stronger dollar and higher US Treasury yields pressured the non-yielding bullion

Oil prices fall on renewed coronavirus concerns as China cases mount

Oil prices fell on renewed concerns about global fuel demand amid strict coronavirus lockdowns in Europe and new movement restrictions in China, the world's second-largest oil user

Gold price today at Rs 52,860 per 10 gm, silver trending at Rs 63,900 a kg

In New Delhi, the gold price of 22-carat gold is at Rs 48,460 per 10 gm, while in Chennai it fell to Rs 47,010

India's December fuel demand scales 11-month peak as recovery gathers pace

On an annual basis, demand slipped by 1.8%, indicating that consumption in Asia's third-largest economy hasn't yet reached pre-pandemic levels

Oil rises to 11-month high, logs weekly gain on Saudi output cut

Brent crude settled at $55.99 a barrel, climbing $1.61, or 3%, on the day and 8.1% on the week

Gold prices inch lower as stronger US dollar, higher yields weigh

Gold inched lower on Friday as the US dollar and Treasury yields firmed, although hopes for additional stimulus in the world's largest economy kept bullion on course for a second straight weekly gain

Oil prices hit 11-month high on Saudi cuts, shrugs off US political turmoil

Oil prices settled higher, hitting 11-month peaks, as markets remained focused on Saudi's unexpected pledge to deepen its oil cuts and firmer equities, shrugging off political turmoil in the US

Gold price today at Rs 54,160 per 10 gm, silver trending at Rs 69,700 a kg

In New Delhi, the gold price of 22-carat gold is at Rs 49,650 per 10 gm, while in Chennai it fell to Rs 48,050

Saudi's surprise output cut to lift Brent to $60 a barrel by mid-year: UBS

UBS expects Brent to trade at $63 per barrel in the second half of 2021

Gold prices inch down as higher yields outweigh stimulus optimism

Gold prices edged lower on Thursday as firmer Treasury yields eclipsed support from a Democrat sweep in Georgia Senate runoffs that boosted hopes for more stimulus