Page 2 - Commodity News
Crude outlook: Oil may head toward $112 on supply risks amid West Asia war
The crude oil market remains on a knife-edge. Brent's surge above $105 reflects genuine supply risks from Hormuz disruptions.
 "Crude outlook: Oil may head toward $112 on supply risks amid West Asia war")
India gold premiums hit 2.5-month high on tight supply, China demand rises
Dealers quoted premiums of up to $15 an ounce over official domestic prices this week, inclusive of 6 per cent import and 3 per cent sales levies, the highest since February 7
 "India gold premiums hit 2.5-month high on tight supply, China demand rises")
Gold price falls ₹10 to ₹1,53,540; silver falls ₹100, trading at ₹2,59,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,40,740
 "Gold price falls ₹10 to ₹1,53,540; silver falls ₹100, trading at ₹2,59,900")
Oil rises on concerns over escalating tensions in West Asia; Brent at $106
Both benchmark contracts settled up more than 3 per cent on Thursday and jumped $5 a barrel after reports that air defences were engaging targets over Tehran
 "Oil rises on concerns over escalating tensions in West Asia; Brent at $106")
Gold price dips ₹10 to ₹1,54,740; silver falls ₹100, trading at ₹2,64,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,41,840
 "Gold price dips ₹10 to ₹1,54,740; silver falls ₹100, trading at ₹2,64,900")
Oil prices rise on reports of ships being hit in Hormuz, Brent above $100
Brent crude futures were up $1.59, or 1.6 per cent, at $100.07 a barrel at 0842 GMT while West Texas Intermediate futures rose $1.51, or 1.7 per cent, to $91.18
 "Oil prices rise on reports of ships being hit in Hormuz, Brent above $100")
Crude outlook: Brent below $100, but risks persist as disruption lingers
The ceasefire has still not seen the normalcy resuming in the Strait, which raises concerns for demand destruction in the coming months as the scarcity has yet to fully materialise.
 "Crude outlook: Brent below $100, but risks persist as disruption lingers")
Gold price falls ₹10 to ₹1,55,280; silver down ₹100, trading at ₹2,64,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,42,340
 "Gold price falls ₹10 to ₹1,55,280; silver down ₹100, trading at ₹2,64,900")
Oil slips on hopes US-Iran talks likely to proceed, boosting supply
Brent futures declined 95 cents, or 1%, at $94.53, as of 0003 GMT while US West Texas Intermediate (WTI) crude futures for May fell $1.54, or 1.72%, to $88.07
 "Oil slips on hopes US-Iran talks likely to proceed, boosting supply")
Gold price falls ₹10 to ₹1,55,280; silver down ₹100, trading at ₹2,74,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,42,340
 "Gold price falls ₹10 to ₹1,55,280; silver down ₹100, trading at ₹2,74,900")
Licence renewal inertia squeezes dore gold imports, tightens supply
Industry warns that delays in renewing refinery licences for dore gold imports could tighten bullion supply, hurt jobs, and disrupt downstream jewellery manufacturing
Gold price falls ₹10 to ₹1,55,770; silver down ₹100, trading at ₹2,74,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,42,790
 "Gold price falls ₹10 to ₹1,55,770; silver down ₹100, trading at ₹2,74,900")
Oil rebounds over 6% after renewed US-Iran standoff in Strait of Hormuz
Brent crude futures jumped $6.11, or 6.76 per cent, to $96.49 a barrel by 2327 GMT and US West Texas Intermediate was at $90.38 a barrel, up $6.53, or 7.79 per cent
Amid tight budgets, gold shines this Akshaya Tritiya on demand boost
Festive sentiment lifts gold and jewellery demand this Akshaya Tritiya, but high prices keep budgets tight, pushing buyers toward lower grammage and investment-led purchases
 "Amid tight budgets, gold shines this Akshaya Tritiya on demand boost")
Gold price falls ₹10 to ₹1,54,190; silver down ₹100, trading at ₹2,64,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,41,340
 "Gold price falls ₹10 to ₹1,54,190; silver down ₹100, trading at ₹2,64,900")
Oil settles down 9% as Iran declares Strait of Hormuz open; Brent at $90.38
US West Texas Intermediate crude futures settled down $10.48, or 11.45 per cent, at $83.85 a barrel, after touching a low of $80.56
Crude oil futures fall over 2% to ₹8,396/barrel as Trump signals Iran deal
Crude prices for May delivery decreased by ₹180, or 2.1 per cent, to ₹8,396 per barrel on the Multi Commodity Exchange
 "Crude oil futures fall over 2% to ₹8,396/barrel as Trump signals Iran deal")
Gold demand in India lacklustre as elevated prices curb festive buying
Domestic gold prices were trading around ₹1,53,200 per 10 grams on Friday, after rising to ₹1,55,065 earlier this week, the highest in a month
 "Gold demand in India lacklustre as elevated prices curb festive buying")
Banks halt gold, silver imports amid delay in government clearance
Without fresh imports, India could face supply shortages, as the world's second-largest gold consumer and biggest silver buyer relies on overseas purchases to meet nearly all its demand
Gold price climbs ₹10 to ₹1,55,580; silver down ₹100, trading at ₹2,69,900
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,42,610