Gold's safe haven status got an impetus after the Silicon Valley Bank collapsed last week, followed by the troubles at Swiss lender Credit Suisse.
Updated : Mar 16, 2023

Gold surges in international market amid troubles at Credit Suisse; Should you invest?

Gold prices in the domestic market were down despite positive global cues for the metal. In the domestic market, the price of 10 grams of 22 carat gold now stands at Rs 53,050, down from Rs 53,150 per 10 grams on Wednesday.

Platinum seems to be popular among men with many jewellers
Updated : Feb 27, 2023

Retail sales of platinum jewellery up 22% in Q4 2022

Thanks to the festive season, as well as a growing demand in the wedding market, platinum, a precious metal much harder than gold and therefore more difficult to work with, has seen a significant increase in sales.

Gold is considered a hedge against soaring inflation, but high interest rates increase the opportunity cost of holding non-yielding bullion.
Updated : Feb 20, 2023

Gold edges down on firmer dollar, US rate-hike worries; Spot gold crosses $1,837 per ounce

Spot gold was down 0.2% at $1,837.59 per ounce, as of 0048 GMT. US gold futures eased 0.1% to $1,847.60.

Brent crude LCOc1 slid 9 cents, or 0.1%, to $82.91 a barrel by 0051 GMT.
Updated : Feb 20, 2023

Crude oil prices nurse last week's losses on improved supplies; Brent hits $82.91/bbl

The benchmarks closed lower by about 4% last week after the United States reported higher crude and gasoline inventories.

Supply concerns were also relieved as a cargo of Azeri crude set sail from Turkey's Ceyhan port on Monday, the first since a devastating earthquake in the region on Feb. 6.
Updated : Feb 14, 2023

Crude oil prices fall after additional US crude reserve release announced; Brent hits $85.79/bbl

Brent crude futures LCOc1 fell by 82 cents, or 1%, to $85.79 per barrel by 0132 GMT, while US crude futures CLc1 fell by $1.04, or 1.3%, to $79.10 per barrel.

US West Texas Intermediate crude CLc1 was at $79.04 a barrel, down 68 cents, or 0.9%, after rising 2.1% in the previous session.
Updated : Feb 13, 2023

Oil falls on demand concerns as impact of Russian output cut fades

Brent crude futures LCOc1 fell 69 cents, or 0.8%, to $85.70 a barrel by 0153 GMT after a 2.2% gain on Friday.

The US currency gained 0.18% to 131.63 yen, although well within the range of the past week of 129.80 to 132.90.
Updated : Feb 13, 2023

Dollar hangs near 5-week high as inflation data looms; yen slips

The yen slipped with the government set to nominate a candidate who backs the current policy settings as the new Bank of Japan governor on Tuesday.

Brent crude LCOc1 futures inched up by 11 cents, or 0.1%, to $83.80 a barrel at 0119 GMT, adding to a 3.3% gain in the previous session.
Updated : Feb 08, 2023

Crude oil climbs 3rd day on subdued dollar; Brent hits $83.30/bbl

The dollar index was down slightly at 103.29 in early trade, extending losses after Powell's comments on Tuesday, making oil cheaper for those holding other currencies.

Against a basket of currencies, the US currency touched a nearly 4-week high of 103.22 and was last at 103.18.
Updated : Feb 06, 2023

Dollar on the front foot after robust US jobs data, yen falters

The yen weakened to a three-week low of 132.60 per dollar after the report, and was last fetching 132.35, down 0.88%.  

The IEA expects half of global oil demand growth this year will come from China, where Birol said jet fuel demand was surging.
Updated : Feb 06, 2023

Crude oil prices edge higher on signs of China demand recovery; Brent hits $80.10/bbl

Brent crude LCOc1 futures crawled up 16 cents, or 0.2%, to $80.10 a barrel at 0022 GMT, while US West Texas Intermediate (WTI) crude CLc1 futures rose 15 cents, also 0.2% higher, to $73.54 a barrel.

On Thursday, the rupee closed at 82.20 against the US dollar, down 40 paise over its previous close, due to heavy foreign fund outflows and corporate dollar demand.
Updated : Feb 03, 2023

Rupee vs US dollar: Domestic currency rises 12 paise in early trade to 82.08 after closing at a low of 82.20

On Thursday, the rupee opened at 81.81 against the greenback and touched an intra-day high of 81.71 and a low of 82.20 at the interbank foreign exchange market.

Prices are also rising in the backdrop of a Feb 5. ban on Russian refined products by the European Union.
Updated : Feb 02, 2023

Crude oil prices rise after US Fed hikes rates, Brent hits $83.40/bbl

The Federal Reserve raised its target interest rate by a quarter of a percentage point on Wednesday, yet continued to promise "ongoing increases" in borrowing costs as part of its ongoing battle against inflation.

On Saturday, China's cabinet said it would promote a consumption recovery as the major driver of the economy and boost imports, state broadcaster CCTV reported.
Updated : Jan 30, 2023

Oil climbs after drone attack in Iran, China's pledge to promote consumption

Brent crude futures rose 54 cents, or 0.6%, to $87.20 a barrel by 0115 GMT while U.S. West Texas Intermediate crude was at $80.22 a barrel, up 54 cents, or 0.7%.

Crude prices are wavering as the dollar stabilizes and over exhaustion from China-reopening headlines, according to OANDA analyst Edward Moya.
Updated : Jan 24, 2023

Crude oil rises slightly; focus on China demand and US outlook; Brent hits $88.24/bbl

Brent crude LCOc1 had risen 5 cents to $88.24 per barrel by 0116 GMT, while US West Texas Intermediate (WTI) crude CLc1 rose 13 cents to $81.75 per barrel.

Lower interest rates tend to be beneficial for bullion, decreasing the opportunity cost of holding the non-yielding asset.
Updated : Jan 24, 2023

Gold edges higher as dollar weakens; traders await US data

Spot gold rose 0.2% to $1,935.69 per ounce, as of 0208 GMT. US gold futures GCv1 were up 0.4% at $1,936.00.

Oil prices were down by more than a dollar per barrel earlier in Thursday's session, as traders booked profits and US data showed the economy losing momentum.
Updated : Jan 20, 2023

Crude oil prices rally to highest close since Dec. 1 on China optimism; Brent hits $86.16/bbl

Chinese oil demand climbed by nearly 1 million barrels per day (bpd) from the previous month to 15.41 million bpd in November, the highest level since February, according to the latest export figures published by the Joint Organisations Data Initiative.

Nine analysts polled by Reuters had estimated on average that crude inventories fell by about 600,000 barrels.
Updated : Jan 19, 2023

Crude oil down 1% on another surprise build in US crude stocks; Brent hits $84.25/bbl

Adding to the pall, data from the American Petroleum Institute showed US crude oil inventories rose by about 7.6 million barrels in the week ended Jan. 13, according to market sources.

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.3% to 909.24 tonnes on Tuesday.
Updated : Jan 18, 2023

Gold stalls on firmer dollar, slower rate-hike hopes; Spot gold hits $1,907.59 per ounce

Lower rates tend to be beneficial for gold, as they decrease the opportunity cost of holding the non-yielding asset.

US West Texas Intermediate (WTI) crude CLc1 futures gained 55 cents, or 0.7%, to $80.73 a barrel, having risen 0.4% on Tuesday.
Updated : Jan 18, 2023

Crude oil prices extend gains on optimism over China's fuel demand recovery; Brent hits $86.44/bbl

"OPEC's optimistic outlook on China's demand also supported the market sentiment," he said, predicting a bullish tone for this week.

 A rise in the dollar off seven-month lows also dragged on oil prices
Updated : Jan 17, 2023

Crude oil prices slip on global recession gloom; Brent hits $84.08/bbl

In a bearish survey released at the Davos summit, two-thirds of private and public sector economists polled expected a global recession this year, with about 18% considering it "extremely likely".

Spot gold was unchanged at $1,917.24 per ounce, as of 0034 GMT.
Updated : Jan 17, 2023

Gold prices hold above $1,900/oz on smaller US rate-hike bets

Lower rates tend to be beneficial for bullion as they decrease the opportunity cost of holding the non-yielding asset.