New Delhi, March 2 (IANS) Global crude oil prices went up more than 7 per cent on Monday as war in West Asia escalated, following US and Israeli military strikes on Iran.Brent crude futures prices surged to $82.37, the highest since January 2025. Brent crude oil price rallied 7.60 per cent to $78.41 a barrel, while the US West Texas Intermediate (WTI) crude futures rallied 7.19 per cent to $71.86.Iran has closed navigation through the crucial Strait of Hormuz, prompting governments and refiners …
Latest gold News & Updates
Mumbai, March 1 (IANS) Escalating tensions between Israel and Iran are expected to weigh on Indian markets in the near term, mainly driven by a rise in energy prices, analysts said on Sunday.Analysts said that oil marketing companies, aviation, paints, autos, consumer discretionary and logistics could face pressure due to the tension in the Middle East.The immediate market reaction is likely to be negative as investors assess whether the flare‑up will become a prolonged conflict or remain a sh…
New Delhi, Feb 25 (IANS) Gold and silver prices surged significantly on Wednesday, amid rise in global trade uncertainty, geopolitical tensions and decline in US dollar.MCX gold April futures gained 0.76 per cent to Rs 1,61,180 per 10 grams around 11.30 am on an intraday basis. Meanwhile MCX silver March futures gained 3.20 per cent to Rs 2,69,075 per kg.International gold prices including US futures also climbed as investors rushed for safe-haven buying amid persisting US-Iran tensions and unce…
New Delhi, Feb 24 (IANS) Customs officials at Delhi’s Indira Gandhi International (IGI) Airport have filed a case against a US passport holder following the recovery of a large haul of undeclared foreign-origin goods and currencies. The passenger arrived from Hong Kong on Flight No CX-695 and was intercepted as part of routine spot profiling carried out by Customs officers.Officials said that the passenger’s baggage underwent X-ray screening, followed by a detailed physical examination in line…
Mumbai, Feb 24 (IANS) Gold and silver prices retreated on Tuesday, amid uptick in US dollar and profit‑taking after huge gains in previous session.Investors weighed in tariff uncertainty and ongoing US-Iran peace talks which capped the decline in prices.MCX gold April futures dipped 0.58 per cent to Rs 1,60,664 per 10 grams around 10.50 am on an intraday basis. Meanwhile MCX silver March futures declined 0.33 per cent to Rs 2,64,450 per kg.On Comex, gold futures for April delivery fell 1.1 per…
Mumbai, Feb 23 (IANS) Gold and silver prices surged significantly on Monday, amid growing geopolitical tensions and the US dollar’s steep fall.MCX gold April futures gained 1.83 per cent to Rs 1,59,749 per 10 grams on an intra-day basis. Meanwhile, MCX silver March futures gained 5.10 per cent to Rs 2,65,836 per kg.Earlier in the day, gold had jumped 2 per cent while silver soared 6 per cent. Analysts attributed the surge to geopolitical tensions as US President Donald Trump’s 10-day deadline fo…
Mumbai, Feb 19 (IANS) Indian benchmark indices witnessed heavy selling pressure on Thursday, recording their sharpest decline in more than two weeks as rising geopolitical tensions and higher crude oil prices hurt investor sentiment.The Sensex closed at 82,498.14, down 1,236.11 points or 1.48 per cent. The Nifty settled at 25,454.35, falling 365 points or 1.41 per cent. The benchmarks posted their worst single-day fall since February 1 this year.Technically, price action slipped below the short-…
Mumbai, Feb 17 (IANS) Indian benchmark indices ended higher for the second consecutive session on Tuesday, supported by gains in public sector banks and information technology (IT) stocks, even as global cues remained largely muted.The 30-share Sensex closed at 83,450.96, rising 173.81 points or 0.21 per cent. The broader Nifty settled at 25,725.40, up 42.65 points or 0.17 per cent.Expert said that the recovery lifted the index above 25,700; however, upside momentum repeatedly encountered supply…
New Delhi, Feb 16 (IANS) India’s combined merchandise and services exports recorded a 13.16 per cent increase to $80.45 billion in January this year, compared with $71.09 billion in the same month of the previous year, data released by the Commerce Ministry on Monday showed.The country’s merchandise exports rose 0.6 per cent year-on-year to $36.56 billion in January, despite the global economic uncertainties, the data showed.Cumulative exports of both merchandise and services (April–January)…
New Delhi, Feb 16 (IANS) Gold and silver prices declined on Monday, as the US dollar strengthened tracking in-line US inflation data.MCX gold April futures dipped 0.56 per cent to Rs 1,55,023 per 10 grams around 12.30 am on an intra-day basis. Meanwhile MCX silver March futures declined 1.99 per cent to Rs 2,39,501 per kg.The dollar index surged 0.10 per cent to 97, tracking the moderation in US CPI (consumer price index) in January. The index earlier received support from strong jobs data that …