Page 65 - Commodity News

Opec+ ministers meet to discuss additional oil output cuts for next year

The size of potential additional cuts have not been decided yet, but two delegates said they ranged from 1 million to 2 million barrels per day (bpd) for the first quarter of 2024

Explained: Why Opec+ members find it hard to agree oil production quotas

OPEC+ negotiations over production quotas have often been difficult in the past. Oil production tends to vary month by month, making it difficult to fix on a permanent production target.

Petrol, diesel price revision only when oil price stabilises below $80

India is the world's third largest oil consuming and importing nation. It imports more than 85 per cent of its oil needs and hence domestic pricing is linked to international rates

Gold at near 7-mth peak as dollar, yields dip on Fed rate-cut speculations

Spot gold rose 0.2% to $2,044.69 per ounce by 0632 GMT, after hitting its highest since May 5. U.S. gold futures for December delivery rose 0.3% to $2,045.30 per ounce

Gold and silver prices unchanged; yellow metal selling at Rs 62,560

The price of 22-carat gold was also unchanged, with the yellow metal selling at Rs 57,350

Gold jumps Rs 270, silver up Rs 1,300; trading at Rs 78,500 per kg

The price of 22-carat gold also rose Rs 250 with the yellow metal selling at Rs 57,350

Gold price remains flat at Rs 62,290, silver unchanged at Rs 77,200

The price of 22-carat gold also remained flat, with the yellow metal selling at Rs 57,100

Oil prices slip, Brent falls toward $80/barrel ahead of Opec+ meeting

Brent crude futures fell 42 cents, or 0.5%, to $80.16 a barrel by 0901 GMT, while U.S. West Texas Intermediate crude futures were at $75.05 a barrel, down 49 cents, or 0.7%

SGB scheme: Final redemption price for 1st tranche set at Rs 6,132 a unit

The interest on the Gold Bonds commences from the date of its issue, which has a fixed rate of interest at 2.75 per cent per annum on the amount of initial investment

Gold price dips Rs 50 to Rs 61,970, silver rises Rs 200 to Rs 76,200

The price of 22-carat gold also dipped Rs 50, with the yellow metal selling at Rs 56,800

Gold prices unchanged, silver falls Rs 400, trading at Rs 76,000 per kg

The price of 22-carat gold remained stable, with the yellow metal selling at Rs 56,850.

Gold jumps Rs 380, trading at Rs 62,020/10g, silver rises by Rs 400

The price of 22-carat gold rose Rs 350, with the yellow metal selling at Rs 56,850.

Gold price dips Rs 50 to Rs 61,640, silver unchanged at Rs Rs 76,000

The price of 22-carat gold slipped Rs 50, with the yellow metal selling at Rs 56,500

TRQ holders in India-UAE pact can import gold via IIBX bullion exchange

IIBX is established at GIFT IFSC, Gandhinagar and regulated by the International Financial Services Centres Authority

Gold, silver prices remain unchanged, yellow metal trading at Rs 61,690/10g

The price of 22-carat gold remained unchanged, with the yellow metal selling at Rs 56,550.

Indian buyers brush off record rates to load up on gold for Diwali

Local gold prices were trading around Rs 60,900 ($731.81) per 10 grams on Friday after hitting an all-time high of Rs 61,914 ($744.00)this week

Gold price unchanged at Rs 61,040, silver jumps Rs 300 to Rs 75,000

The price of 22-carat gold rose Rs 400, with the yellow metal selling at Rs 55,950

Gold climbs over 1% as US jobless claims data cement Fed pause bets

Data on Wednesday showed US producer prices fell the most in 3-1/2 years in October, while another set of data on Tuesday highlighted that US consumer prices were unchanged in October

Gold price rises Rs 440 to Rs 61,040, silver jumps Rs 1,700 to Rs 74,700

The price of 22-carat gold rose Rs 400, with the yellow metal selling at Rs 55,950

Gold steadies amid firm dollar, countering expectations on peak US rates

The market was certain the U.S. central bank will leave rates unchanged in December, with most traders eyeing rate cuts from May 2024.