Citing the World Bank's Commodity Markets Outlook for October 2024, the economic survey highlighted that commodity prices are projected to decrease 5.1 per cent in 2025 and 1.7 per cent in 2026
Silver rate today: Given the fact that industrial commodities are struggling, and tariff threats loom large, silver may struggle to extend its rally much further on a sustained basis
Gold rate today: India's budget to be presented on February 1 will be important for domestic gold prices as import duty on precious metals may be increased.
The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 76,110
Investors now await the December US personal consumption expenditures (PCE) price index report on Friday
Investors are also looking ahead to a ministerial meeting by the Organization of the Petroleum Exporting Countries and its allies, together called Opec+, scheduled for Feb 3
The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 75,960
Snapping a two-day losing run, gold of 99.5 per cent purity also surged Rs 910 to hit a fresh peak of Rs 83,350 per 10 grams on Wednesday
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 75,090
The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 75,390
Opec and its allies including Russia have yet to react to Trump's call, with Opec+ delegates pointing to a plan already in place to start raising oil output from April
The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 75,540
The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 75,560
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 82,080
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