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Commodities

Commodities

Spot gold was down 0.1% at $1,790.42 per ounce by 0424 GMT, while U.S. gold futures eased 0.1% to $1,791.70.

Gold prices drop as investors await clues on US central bank's move

Sep 16, 2021

The Federal Open Market Committee's two-day policy meeting is due on September 21-22, where the US central bank is expected to provide guidance on when it will start withdrawing its asset purchases and on eventual interest rate hike

Brent crude was up 48 cents, or 0.7%, at $73.99 a barrel at 0651 GTM, having risen as high as $74.18 earlier.

Oil prices reach 6-week high on fear of supply disruptions from storm Nicholas

Sep 14, 2021

Oil prices rallied for a third straight session, with Brent crude hitting the highest since Aug. 2 earlier in the session.

About 79% of US Gulf production remained offline on Tuesday, with 79 production platforms still unoccupied more than a week after Hurricane Ida made landfall

Oil prices rise today amid slow supply return post Hurricane Ida

Sep 08, 2021

US West Texas Intermediate (WTI) crude futures rose 27 cents, or 0.4%, to $68.62 a barrel at 0204 GMT, after sliding 1.4% on Tuesday following the Labor Day holiday.

In value terms, August imports surged to $6.7 billion from $3.7 billion a year ago, he said.

August gold imports nearly double from 2020 on price correction

Sep 06, 2021

India imported 121 tonnes of gold in August, compared to 63 tonnes a year earlier

The Indian rupee appreciated 6 paise to 73.02 against the US dollar in opening trade on Thursday

Gold prices slump by Rs 28 to Rs 46,104 in Delhi

Sep 02, 2021

In the global market, gold was marginally higher at $1,814 per ounce and silver was flat at $24.17 per ounce

U.S. oil was down by 49 cents or 0.7% at $68.25 a barrel, having jumped a little bit over 10% over final week

Oil drops after Hurricane Ida slams into US Gulf coast; Brent reaches $72.54 per barrel

Aug 30, 2021

Brent was down 16 cents or 0.2% at $72.54 a barrel by 0654 GMT. It rose more than 11% last week in anticipation of disruptions to oil production from Hurricane Ida

Gold hallmarking, a purity certification of the precious metal, was voluntary in nature prior to June 16

Govt urges jewellers' body to reconsider August 23 strike over hallmarking gold

Aug 21, 2021

The All India Gem and Jewellery Domestic Council (GJC) has called a nationwide 'token strike' on August 23, against the government's arbitrary implementation of mandatory hallmarking of gold jewellery with HUID

Gold hallmarking, a purity certification of the precious metal, was voluntary in nature so far

Jewellers to go on token strike against gold hallmarking on Aug 23

Aug 20, 2021

Mandatory gold hallmarking has come into force from June 16 in a phased manner. The government has identified 256 districts from 28 states and union territories for the phase-1 implementation

US gold futures rose 0.3% to $1,793.50 (Source:Reuters)

Gold prices rise as COVID-19 woes boost safe-haven appeal

Aug 18, 2021

Spot gold was up 0.4% at $1,792.42 per ounce by 0636 GMT, after hitting its highest since Aug 6 at $1,795.25 in the previous session

U.S. oil fell by 81 cents, or 1.2%, to $67.63 a barrel, having risen slightly last week

Oil prices slide over 1% on Delta COVID-19 variant surge

Aug 16, 2021

Brent crude was down 80 cents, or 1.1%, at $69.79 a barrel by 0046 GMT, after edging lower last week

Indications in recent days of an improving labour market has raised fears of a sooner-than-expected U.S. interest rate hike (Source:Reuters)

Gold buoyed by COVID-19 Delta variant fears; focus on US inflation data

Aug 11, 2021

Spot gold was up 0.1% at $1,730.31 per ounce by 0637 GMT, and U.S. gold futures rose 0.1% to $1,732.70