Mumbai, May 26 (IANS) Gold and silver prices traded lower on Tuesday, declining up to nearly 2 per cent after the US military launched fresh strikes on southern Iran.On the Multi Commodity Exchange (MCX), gold futures (June 5) were trading 0.61 per cent or Rs 971 lower at Rs 1,58,110 at around 10:25 am.The yellow metal touched an intraday low of Rs 1,58,000, down 0.67 per cent or over Rs 1,000 from the previous close of Rs 1,59,081. It also recorded an intraday high of Rs 1,58,789, down 0.18 per…
Latest West Texas Intermediate News & Updates
Mumbai, May 25 (IANS) Gold and silver prices traded higher on Monday, rising up to nearly 2 per cent, supported by a weaker US dollar and softer crude oil prices as investors assessed prospects of progress in US-Iran peace negotiations.On the Multi Commodity Exchange (MCX), gold futures (June 5) were trading 0.36 per cent or Rs 566 higher at Rs 1,59,245 at 10:48 am.The yellow metal touched an intraday high of Rs 1,59,500, up 0.51 per cent or Rs 821 from the previous close of Rs 1,58,679. It reco…
Mumbai, May 24 (IANS) The Indian stock market is expected to remain volatile next week as investors closely track the impact of the RBI’s record dividend transfer to the government, developments surrounding the ongoing US-Iran conflict, and fluctuations in global crude oil prices. Persistent weakness in the rupee, inflation concerns, and global cues are also likely to influence market sentiment.Benchmark indices Sensex and Nifty ended the week with modest gains despite witnessing sharp intrada…
New Delhi, May 20 (IANS) Global crude oil prices fell nearly 1 per cent for a second consecutive session on Wednesday after US President Donald Trump reiterated that the conflict with Iran could end “very quickly”, raising hopes of a possible diplomatic breakthrough.International benchmark Brent crude futures slipped 0.9 per cent or nearly $1 to $110.28 per barrel, while US West Texas Intermediate (WTI) crude futures declined about 1 per cent or $1.03 to $103.12 per barrel.Moreover, both benchma…
Mumbai, May 18 (IANS) Gold and silver showed volatility on Monday amid rising geopolitical tensions in West Asia, which typically support safe-haven demand, and a sharp rise in US Treasury yields.On the Multi Commodity Exchange (MCX), gold futures (June 5) were trading at Rs 1,58,697 per 10 grams around 11 am, up Rs 150 or 0.09 per cent.The yellow metal touched an intraday high of Rs 1,58,884, rising Rs 337 or 0.21 per cent, while the day’s low stood at Rs 1,57,547, down Rs 1,000 or 0.63 per c…
New Delhi, May 16 (IANS) Global oil prices surged sharply this week, with benchmark crude contracts ending Friday’s session more than 3 per cent higher, after renewed tensions between the United States and Iran dampened hopes of a near-term breakthrough over the Strait of Hormuz — one of the world’s most critical oil shipping routes.Brent crude futures settled at $109.26 a barrel, gaining $3.54 or 3.35 per cent on Friday, while U.S. West Texas Intermediate (WTI) crude ended at $105.42 a bar…
New Delhi, May 15 (IANS) The Indian rupee breached the 96-mark against the US dollar on Friday amid persistent global pressures, rising crude oil prices, and continued geopolitical tensions linked to the Iran conflict.Earlier in the day, the domestic currency opened at 95.86 in the interbank foreign exchange market and slipped to 95.94 during early trade, after touching an all-time low of 95.96 in the previous session.Pressure on the rupee also intensified after oil marketing companies (OMCs) in…
Seoul, May 14 (IANS) More than 96 per cent of gas stations nationwide have kept gasoline prices unchanged under the country’s fuel price cap system, the industry ministry said on Thursday, noting South Korea is managing fuel prices within a relatively stable range compared with other major economies.As of Wednesday, 96.1 percent of the country’s 10,646 gas stations had maintained gasoline prices at the previous day’s level, the Ministry of Trade, Industry and Energy said during a regular briefin…
New Delhi, May 12 (IANS) Global crude oil prices are likely to remain in the low $100s per barrel mark for an extended period due to persistent supply disruptions and logistical bottlenecks linked to tensions in West Asia, according to a report by JPMorgan Chase & Co.According to the investment bank’s revised assessment, oil prices are expected to remain in the low-$100s range for most of the year, even if the Strait of Hormuz resumes normal operations in the coming weeks.According to the re…
New Delhi, May 7 (IANS) Gold and silver prices traded higher on Thursday, with prices rising by up to 1 per cent amid a rise in crude oil prices and uncertainty surrounding the US-Iran peace deal.On the Multi Commodity Exchange (MCX), gold futures (June 5) traded at an intraday high of Rs 1,52,887, up 0.49 per cent or Rs 755, as of 10:49 am. The yellow metal touched an intraday low of Rs 1,52,400.Meanwhile, silver futures (July 3) were trading 1.49 per cent or Rs 3,790 higher at Rs 2,57,055 afte…