In about one year, the precious metal surged Rs 20,180 or 32.17 per cent to Rs 82,900 per 10 grams from Rs 62,720 per 10 grams on February 23, 2024
As Indian companies begin talks with Saudi Arabia and Abu Dhabi this week, traders say discussions between refiners and the OPEC producers will be tense
Brent crude futures dipped 2 cents to $78.98 a barrel by 0941 GMT. US West Texas Intermediate crude (WTI) lost 4 cents to $75.40
The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 75,260
Spot gold added 0.4% to $2,755.19 per ounce as of 1200 GMT. The price hit its highest level in 12 weeks earlier in the session and is close to its record peak of $2,790.15 reached in October
The country's rice exports in 2024 stood at 17.8 million metric tons, marginally down from 17.86 million tons shipped a year earlier
The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 74,490
oil market is expected to be oversupplied this year, after weak economic activity and energy transition efforts weighed heavily on demand in top-consuming nations the United States and China
Spot gold climbed 0.4 per cent to $2,719.52 per ounce by 1059 GMT, reaching its highest level since Nov. 6 and nearing the all-time high of $2,790.15 set in October
The tenders come more than a week after Washington announced sweeping sanctions targeting Russian producers and tankers
The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 74,510
The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 74,340
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 81,280
India imported 4.84 million barrels per day of oil in 2024, up 4.3% from the previous year, the data showed
Silver trading strategy: Support is at $30 (Rs 90,200)/$29.60 (Rs 89,000). Resistance is at $31.10 (Rs 93,400)/$31.50 (Rs 94,600)/$31.85 (Rs 95,600)
Gold rate in share market: Recovery in gold prices is being driven primarily by a sharp decline in the US yields and a retreat in the US Dollar Index
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 73,910
Meanwhile, gold contracts for February delivery rose Rs 297, or 0.38 per cent, to Rs 79,007 per 10 grams in the futures trade on the MCX on Thursday
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 73,410
Gold price today: Gold is expected to range trade ahead of the US CPI report