Page 30 - Commodity News
Gold reclaims all-time high of Rs 96,450 per 10 g; silver climbs Rs 2,500
Globally, spot gold appreciated by USD 13.67 or 0.43 per cent to USD 3,224.60 per ounce. Also, Comex gold futures for June delivery went up 0.47 per cent to USD 3,241.50 per ounce
 "Gold reclaims all-time high of Rs 96,450 per 10 g; silver climbs Rs 2,500")
WTI crude oil may stay below $60 in H2-CY2025 on Trump tariff woes: Analyst
Oil prices: The 90-day relief on reciprocal tariffs could see crude oil prices edging a bit higher towards $65. However, overall, we expect prices to trade range bound between $65-$58
 "WTI crude oil may stay below $60 in H2-CY2025 on Trump tariff woes: Analyst")
Gold price dips ₹10, silver down ₹100; yellow metal trading at ₹95,650
The price of 22-carat gold declined ₹10, with ten grams of the yellow metal selling at ₹87,540
 "Gold price dips ₹10, silver down ₹100; yellow metal trading at ₹95,650")
Goldman Sachs raises year-end gold forecast to $3,700 on strong demand
The bank also noted a surge in gold ETF inflows, driven by fears of a recession, with its economists assigning a 45 per cent probability to a US recession in the next 12 months
 "Goldman Sachs raises year-end gold forecast to $3,700 on strong demand")
Gold price dips ₹10, silver down ₹100; yellow metal trading at ₹95,660
The price of ten grams of 24-carat gold in Mumbai, Kolkata, and Chennai stood at ₹95,660
 "Gold price dips ₹10, silver down ₹100; yellow metal trading at ₹95,660")
Gold soars past $3,200 as trade war deepens, dollar loses ground
Spot gold was up nearly 2 per cent at $3,235.89 an ounce at 2:32 p.m. ET (1832 GMT), after hitting a record high of $3,245.28 earlier in the session
 "Gold soars past $3,200 as trade war deepens, dollar loses ground")
Gold prices rise ₹10 to ₹95,410; silver up ₹100, trading at ₹97,200 today
The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹87,460
 "Gold prices rise ₹10 to ₹95,410; silver up ₹100, trading at ₹97,200 today")
Gold surges Rs 6,250 to breach Rs 96K level amid growing US-China trade war
Rebounding after four days of sharp fall, gold of 99.5 per cent purity surged by Rs 6,250 to touch an all-time high of Rs 96,000 per 10 grams against the previous close of Rs 89,750 per 10 grams
Gold prices climb ₹10 to ₹93,390; silver up ₹100, trading at ₹97,100 today
The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹85,610
Gold hits record high as US-China trade war intensifies, dollar weakens
Spot gold climbed 2.6% to $3,160.82 an ounce at 01:54 p.m. ET (1754 GMT), after hitting a record high of $3,171.49 earlier in the session
Gold price climbs ₹10 to ₹90,450, silver declines ₹100 to ₹92,900
The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹82,910
 "Gold price climbs ₹10 to ₹90,450, silver declines ₹100 to ₹92,900")
Silver to trade with negative bias but likely to rise in coming months
Interim support is at $29 (Rs 86,000). Resistance is at $30.90 (Rs 91,600) /$31.43 (Rs 93,200)
 "Silver to trade with negative bias but likely to rise in coming months")
Donald Trump tariffs defuse US sanctions on Russian oil, favour India
Indian Oil, Bharat Petroleum and Hindustan Petroleum, among others, had agreed to term contract extensions this year with Iraq, Saudi Arabia and UAE
 "Donald Trump tariffs defuse US sanctions on Russian oil, favour India")
Gold price dips Rs 10 to Rs 90,370, silver falls Rs 100 to Rs 93,900
The price of 22-carat gold declined ₹10, with ten grams of the yellow metal selling at ₹82,840
 "Gold price dips Rs 10 to Rs 90,370, silver falls Rs 100 to Rs 93,900")
Gold price climbs ₹10 to ₹93,390, silver declines ₹100 to ₹1,02,900
The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹85,610
 "Gold price climbs ₹10 to ₹93,390, silver declines ₹100 to ₹1,02,900")
Govt hikes excise duty on petrol, diesel by ₹2/ltr; retail prices unchanged
The excise duty on petrol was increased to Rs 13 per litre and that on diesel to Rs 10, according to an official order
 "Govt hikes excise duty on petrol, diesel by ₹2/ltr; retail prices unchanged")
Fuel demand jumps 9.3% in March to 10-month high of 20.91 mn metric tonnes
Diesel consumption rose nearly 10 per cent month-on-month to 8.1 million tons in March
 "Fuel demand jumps 9.3% in March to 10-month high of 20.91 mn metric tonnes")
Oil prices decline 2% as US-China trade conflict fuels recession fears
Brent futures were down $1.17, or 1.78%, to $64.41 per barrel at 1303 GMT, and U.S. West Texas Intermediate crude futures were down $1.17, or 1.89%, at $60.82
 "Oil prices decline 2% as US-China trade conflict fuels recession fears")
Gold trims losses as safe-haven, central bank demand lend support
Gold dropped over 3% on Friday, after US President Donald Trump's bigger-than-expected tariff measures rippled across global markets, wiping out nearly $6 trillion in value from US stocks last week
Gold snaps five-day winning streak, plunges Rs 1,350 to Rs 93,000 per 10g
China's finance ministry announced that it will impose additional tariffs of 34 per cent on all US goods starting from April 10, in response to reciprocal tariffs unveiled by Trump this week
 "Gold snaps five-day winning streak, plunges Rs 1,350 to Rs 93,000 per 10g")