Page 37 - Commodity News
Silver price outlook: US CPI next trigger; check support, resistance level
Silver rate today: The metal may recover should the US CPI data turn out to be subdued, though upside is likely to be capped
 "Silver price outlook: US CPI next trigger; check support, resistance level")
Gold falls Rs 10, silver down Rs 100; precious metal trading at Rs 92,400
The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 73,290
 "Gold falls Rs 10, silver down Rs 100; precious metal trading at Rs 92,400")
Gold snaps 5-day winning run, slips marginally to Rs 80,580 per 10 gm
Silver also fell sharply by Rs 1,300 to Rs 91,700 per kg on Tuesday on slack demand from industrial units and coin makers. The white metal settled at Rs 93,000 per kg in the previous session
 "Gold snaps 5-day winning run, slips marginally to Rs 80,580 per 10 gm")
EU continues to savour Russian LNG as US sanctions threaten India's imports
The US' latest sanctions on Russian energy supply chains could hit India's oil and gas imports, even as the EU nations and other American allies may face little impact
 "EU continues to savour Russian LNG as US sanctions threaten India's imports")
Gold rises Rs 10 to Rs 80,080; silver jumps Rs 100 to Rs 94,600 per kg
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 73,410
 "Gold rises Rs 10 to Rs 80,080; silver jumps Rs 100 to Rs 94,600 per kg")
Gold prices rise for fifth consecutive session; silver remains unchanged
Meanwhile, gold contracts for February delivery on the MCX increased Rs 227, or 0.29 per cent, to Rs 78,650 per 10 grams in futures trade on Monday
 "Gold prices rise for fifth consecutive session; silver remains unchanged")
Gold falls Rs 10, silver down Rs 100; yellow metal trading at Rs 79,630
The price of 22-carat gold also dropped by Rs 10, with ten grams of the yellow metal selling at Rs 72,990
Crude prices jump more than 3% on concerns over more US sanctions on Russia
The document, purported to be from the U.S. Treasury, was being circulated among traders in Europe and Asia. Reuters could not verify the veracity of the document
 "Crude prices jump more than 3% on concerns over more US sanctions on Russia")
Gold rises Rs 250 to Rs 80,550 per 10 gm; silver steady at Rs 93,000 per kg
Meanwhile, the rupee declined 14 paise and touched the crucial 86-mark for the first time against the US dollar on Friday as it failed to resist pressure from a stronger American currency
 "Gold rises Rs 250 to Rs 80,550 per 10 gm; silver steady at Rs 93,000 per kg")
Gold surges by Rs 10, silver down Rs 100; yellow metal trading at Rs 79,210
The price of 22-carat gold also rose by Rs 10, with ten grams of the yellow metal selling at Rs 72,610
 "Gold surges by Rs 10, silver down Rs 100; yellow metal trading at Rs 79,210")
Import stats for gold, silver, electronics lowered for April-November
The government has also revised the electronics import value for this period downward by $2.7 billion to $61.2 billion
 "Import stats for gold, silver, electronics lowered for April-November")
Oil prices edge down for second day straight on rising US fuel inventories
Both benchmarks fell more than 1 per cent on Wednesday as a stronger dollar and the bigger-than-expected rise in US fuel stockpiles weighed on prices
 "Oil prices edge down for second day straight on rising US fuel inventories")
Gold surges by Rs 10, silver down Rs 100; yellow metal trading at Rs 78,830
The price of 22-carat gold also declined by Rs 10, with ten grams of the yellow metal selling at Rs 72,140
 "Gold surges by Rs 10, silver down Rs 100; yellow metal trading at Rs 78,830")
Govt slashes Nov gold import data by $5 billion in commodity revision
The revised data also suggests a narrowing of India's trade deficit by $5 billion, reducing it to $32.8 billion in November from the previously reported all-time high of $37.8 billion
Centre slashes Nov gold imports by $5 bn in record commodity revision
The spike in gold imports widened the country's merchandise trade deficit to a record $37.84 billion in November, significantly exceeding economists' forecast of $23.9 billion
Centre considers lifting 3-year ban on trade in some crop futures
A final decision will be taken by a group of ministers in Prime Minister Narendra Modi's administration, which will then ask the Securities and Exchange Board of India to lift the curbs or extend them
 "Centre considers lifting 3-year ban on trade in some crop futures")
Gold falls Rs 10, silver climbs Rs 100; yellow metal trading at Rs 78,700
The price of 22-carat gold also declined by Rs 10, with ten grams of the yellow metal selling at Rs 72,140
Gold slumps Rs 10 to Rs 78,700, silver declines Rs 100 to Rs 91,400
The price of 22-carat gold also went down by Rs 10, with ten grams of the yellow metal selling at Rs 72,140
RBI added 8 tonnes gold to its reserves in November 2024: WGC report
In 2024, central banks - mostly those from emerging markets - remained keen buyers of gold, driven by the need for a stable and secure asset amid global economic uncertainties
Saudi oil giant ups crude prices for Asian buyers amid tightening supply
The world's top oil exporter Saudi Aramco announced its first crude oil price hike in three months
 "Saudi oil giant ups crude prices for Asian buyers amid tightening supply")