Page 167 - Commodity News

2020, a 'gloom, doom and boom' year for metals amid Covid-19 pandemic

While Covid-19-led lockdowns across the globe destroyed demand in the early part of 2020, a supply cut-driven rally and sharp recovery in the auto sector have emerged as big themes

Gold to continue glittering in 2021, likely to touch Rs 63,000 per 10 gm

A sharp turn in global monetary policies that led to a low interest rate scenario and unprecedented liquidity, which began in mid-2019, gave a boost to gold price

Trading strategies for Crude oil and Zinc by Bhavik Patel of Tradebulls Sec

With fresh lockdown from the UK and more lockdown appearing in European countries, demand for crude is likely to take hit during Christmas season

Gold price today at Rs 53,180 per 10 gm, silver trending at Rs 66,900 a kg

In New Delhi, the gold price of 22-carat is at Rs 49,750 per 10 gm, while in Chennai it fell to Rs 47,130

Gold price today at Rs 53,610 per 10 gm, silver trending at Rs 67,700 a kg

In New Delhi, the gold price of 22-carat is at Rs 49,150 per 10 gm, while in Chennai it fell to Rs 47,250

Gold price today at Rs 53,720 per 10 gm, silver trending at Rs 70,700 a kg

In New Delhi, the gold price of 22-carat is at Rs 49,250 per 10 gm, while in Chennai it jumped to Rs 47,690

Oil tumbles as new Covid-19 virus strain revives demand worries

More countries closed their borders to Britain on Monday, causing travel chaos and raising the prospect of UK food shortages

Oil prices slip amid worries over fast-spreading new coronavirus strain

Oil prices slid as a new coronavirus strain in the UK raised concerns that tighter restrictions there and in other European nations could stall recovery in global economy and its need for fuel

Gold price today at Rs 53,410 per 10 gm, silver trending at Rs 67,900 a kg

Physical gold price in India is at a discount for the first time in six weeks as a rebound in local prices to a one-month peak squeezed demand, while purchases slowed in other Asian hubs

Gold imports dip 40% in April-November to $12.3 billion as demand falls

Silver imports during April-November 2020 too dipped 65.7 per cent to about $752 million

Govt rules out reducing minimum sugarcane price for sugar mills

Union Food Minister Piyush Goyal urged the industry to expand product portfolio as well as remain profitable rather than depend on central subsidies

Oil prices hit 9-month high on US stimulus deal, refining demand in India

Oil climbed and touched a nine-month high, with traders optimistic about progress toward a U.S. fiscal stimulus deal and record-breaking refining demand in China and India

Gold price today at Rs 52,960 per 10 gm, silver trending at Rs 67,000 a kg

In New Delhi, the gold price of 22-carat is at Rs 48,760 per 10 gm, while in Chennai it jumped to Rs 46,950

Silver to outperform Gold on improved global economy, says Bhavik Patel

Silver has risen twice as sharply as gold and so as a result, the gold/silver ratio has dropped to 76, its lowest level since the beginning of the month

Gold price today at Rs 52,750 per 10 gm, silver trending at Rs 65,600 a kg

In New Delhi, the gold price of 22-carat is at Rs 48,350 per 10 gm, while in Chennai it jumped to Rs 46,880

Gold prices likely to move up in 2021; stay invested for now, say analysts

Accommodative policies of the most central banks world over also meant money continued to flow to this asset class.

Oil prices slip on surprise gain in US inventory, demand squeeze worries

Oil prices dropped on a surprise gain in crude oil inventories in the US and as investors continued to worry about demand for fuel being squeezed amid Covid-19 lockdowns

Gold price today at Rs 52,310 per 10 gm, silver trending at Rs 64,150 a kg

In New Delhi, the gold price of 22-carat is at Rs 47,950 per 10 gm, while in Chennai it jumped to Rs 46,530

Oil prices dip as tighter Covid lockdowns in Europe cast shadow on demand

Oil prices dipped in early trade, with demand worries due to tighter lockdowns in Europe outweighing relief from vaccination rollouts and concerns about a flare-up of tension in the Middle East

Gold price today at Rs 52,310 per 10 gm, silver trending at Rs 63,200 a kg

In New Delhi, the gold price of 22-carat climbed to 47,950 per 10 gm, while in Chennai it jumped to Rs 46,110