Page 169 - Commodity News

Commodity Picks: 7 December 2020

The price is expected to trade higher at Rs 1,500 per quintal over the next couple of weeks

Woodside Petroleum matches ONGC unit offer to buy FAR's Sangomar stake

FAR had said last month it would exit the troubled $4.2 billion Sangomar project off Senegal by selling its 15% stake to the ONGC unit for $45 million.

Oil prices slip as OPEC+ resume negotiations on output cut extension

Oil prices fell as producers including Saudi Arabia and Russia locked horns over the need to extend record production cuts set in place in the first wave of the Covid-19 pandemic

Trading strategies for gold and nickel by Tradebulls Securities

Gold made 'Hammer' candlestick in the month of November after slipping 5.4 per cent and has now bounced back

Gold price today at Rs 51,610 per 10 gm, silver trending at Rs 62,400 a kg

In New Delhi, the gold price of 22-carat climbed to 47,310 per 10 gm, while in Chennai it slumped to Rs 46,120

Oil prices slip on surprise US stock build, delay in OPEC+ output meeting

Oil prices extended losses, hit by a surprise build in oil inventories in the US and as OPEC and allies left markets in limbo by delaying a meeting to decide whether to increase output in January

Gold price today Rs 51,320 per 10 gm, silver trending at Rs 60,200 a kg

In New Delhi, the gold price of 22-carat climbed to 47,050 per 10 gm, while in Chennai it slumped to Rs 45,260

India's November diesel sales decline 7% after rising in October

The country is the world's third biggest oil importer and consumer.

Don't jettison gold despite price correction to reap long-term benefits

Policies that support the yellow metal will remain in place in the foreseeable future

Oil prices slide after OPEC+ talks delays escalate supply concerns

Oil prices slipped amid concerns over mounting supply after leading producers delayed talks on 2021 output policy that could extend production cuts as the Covid pandemic continues to sap fuel demand

Gold price today Rs 51,100 per 10 gm, silver trending at Rs 58,300 a kg

In New Delhi, the gold price of 22-carat fell to Rs 46,850 per 10 gm, while in Chennai it slumped to Rs 45,190

Gold set for worst month in 4 years as vaccine news pulls stocks to highs

Gold slipped and was on track for its worst month in four years, as optimism over a Covid-19 vaccine-led economic rebound that propelled equities to record highs dulled the metal's safe-haven appeal

Delaying production? OPEC plots next move amid seismic oil market divide

The east-west divide is an added conundrum for OPEC+, which on Monday and Tuesday needs to decide whether to delay a production increase slated for January -- and if so, for how long

Oil prices slip as investors turn cautious ahead of OPEC+ meeting

Oil prices fell about 1% amid investor jitters ahead of an OPEC+ meeting to decide whether the producers' group will extend large output cuts to balance global markets

Gold price today Rs 51,450 per 10 gm, silver trending at Rs 59,200 a kg

In New Delhi, the gold price of 22-carat fell to Rs 47,160 per 10 gm, while in Chennai it jumped to Rs 45,750

Commodity Picks: 30 November, 2020

Wheat prices in Delhi market are trading at Rs 1,811 per quintal

Petrol consumption up 4.5 per cent, diesel down 7.3 per cent in November

The Indian basket crude oil touched $47.41 a barrel on November 26 as against average crude oil prices of $41 a barrel in the first fortnight of November this year

Gold price today at Rs 50,800 per 10 gm, silver trends at Rs 62,000 a kg

Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes

Buying in cryptocurrency is putting pressure on precious metals: Tradebulls

Both silver and gold are headed to basement after strong US and Europe's economic data

Reliance Industries seeks LNG cargo for December delivery: Report

The company is seeking the cargo for delivery into Hazira terminal