Page 96 - Commodity News

Gas price review panel, led by Kirit Parikh, seeks more time: Report

The panel headed by former planning commission member Kirit S Parikh was tasked to suggest a "fair price to the end-consumer" by the end of September

Gold prices gains Rs 138, still shy of Rs 50,000; Silver jumps by Rs 224

During intraday trade, spot gold was down 0.1% at $1,641.59 per ounce as of 5.30 pm, after dropping as much as 1 per cent earlier to its lowest since April 2020 at $1,626.41 in the Asia session

Gold may head lower, support seen at Rs 48,900 levels; silver range-bound

The 48,900-level is the 100-WMA for MCX Gold October futures, below which the next support stands around Rs 44,500 - 200-WMA. Momentum oscillators indicate a mixed outlook for MCX Silver f

Gold, silver unchanged in early trade; yellow metal selling at Rs 50,200

In Mumbai and Kolkata, 24-carat gold is selling at Rs 50,200 per 10 gram

India's gold demand may cross China's: World Gold Council's John Reade

In a Q&A, the council's Global Chief Market-Strategist said the price of gold will face headwinds in the near future

Prices of natural gas likely to increase to record level this week

The government-dictated price for natural gas produced in the country is to be revised on October 1

Gold prices rise in early trade; yellow metal selling at Rs 50,730

Ten grams of 22-carat gold is trading at Rs 46,500 after an increase of Rs 500

Gold prices hit two-year low on dollar strength, Fed rate concerns

Spot gold was down 1.7% at $1,642.79 per ounce by 1058 GMT and was heading for its second straight weekly decline, down 1.8%. U.S. gold futures GCv1 fell 0.5% to $1,672.10.

Despite price fall, domestic gold trading at a discount to imports

In Mumbai, the yellow metal is going at a discount of $7-10 per ounce while in Ahmedabad it is $7

Gold risks collapse into bear market as Federal Reserve targets inflation

Bullion's extended retreat -- with prices on course for a sixth consecutive monthly drop in September -- has driven prices close to bear-market territory

Gold futures gain Rs 62 to reach Rs 49,505 per 10 gram on firm spot demand

Gold prices increased by Rs 62 to Rs 49,505 per 10 gram in futures trade as speculators created fresh positions on a firm spot demand

Oil gives up gains as soaring US dollar offsets Putin's troop mobilisation

Brent futures were 10 cents, or 0.1%, lower at $90.52 a barrel by 10:13 a.m. EDT (1413 GMT), while U.S. West Texas Intermediate (WTI) crude fell 28 cents, or 0.3%, to $83.66.

Gold regains some poise on latest Russia jitters; focus on Fed rate hike

Spot gold was up 0.7% at $1,674.79 per ounce by 1205 GMT. U.S. gold futures rose 0.7% to $1,683.

Expedite sugar export policy, need to do 8 mn tonnes next yr: ISMA to govt

The apex sugar body has urged the govt to not experiment with a new export system

With MCX Crude Oil below Rs 7,050, bears likely to reign; charts suggest

The MCX Crude Oil October futures may see a directional move on breakout from the Rs 6,550-6,900 trading range so far this week. Short-term trend for Natural Gas futures may soon turn negative.

Gold, silver rates rise in early trade; yellow metal selling at Rs 50,130

Gold and silver rates went up in early trade with 10 gram of yellow metal (24-carat) trading at Rs 50,130

Gold prices slip on strong dollar as markets await big Fed rate-hike

Spot gold fell 0.5% to $1,667.33 per ounce by 1224 GMT, snapping two consecutive sessions of gains.

Gold down by Rs 110, trading at Rs 50,020; silver unchanged at Rs 56,700

Gold became slightly cheaper in early trade with 10 gram of the yellow metal (24-carat) trading at Rs 50,020

Gold prices languish near 29-month low in run-up to US Fed meeting

Spot gold slid 0.7% to $1,663.55 an ounce by 10:11 a.m. ET (1411 GMT), holding above its lowest since April 2020 hit on Friday.

Oil prices fall more than 1.5% on demand fears and strong dollar

Brent crude for November delivery fell $1.49, or 1.6%, to $89.86 a barrel by 1002 GMT. U.S. West Texas Intermediate (WTI) for October dropped $1.57, or 1.8%, to $83.54.