Mahanagar Gas hikes CNG price in Mumbai by Rs 6 to Rs 86/kg; PNG up by Rs 4 to Rs 52.50/SCM
The state-run company blamed the 40 per cent increase in input prices by the government from October 1 for the steep increase in the retail prices along with the supply cut.
Government cuts windfall profit tax on local crude, diesel, lifts for jet fuel
At the sixth fortnightly review, the government reduced the tax on domestically produced crude oil to Rs 8,000 per tonne from Rs 10,500 per tonne
Gas prices hiked 40%; CNG, PNG to cost more
Also, this will be the third increase in rates since April 2019 and comes on the back of firming benchmark international prices.
Gold futures gain Rs 344 to Rs 50,531 per 10 gram
Globally, gold was trading 0.67 per cent higher at USD 1,679.80 per ounce in New York.
Gold gains Rs 460; Silver rallies by Rs 1,035
In the international market, gold was trading higher at USD 1,642 per ounce while silver was up at USD 18.57 per ounce.
Gold, silver prices fall by Rs 195 amid appreciation in the rupee
In the previous trade, the precious metal had closed at Rs 49,775 per 10 gram.
Commodity Live: Metals, Gold Prices Fall As US Dollar Strengthens; Time To Buy Or Stay Cautious?
Find out the latest in commodities with Karunya Rao and Manisha Gupta.
Fuel Prices on September 25: Check petrol, diesel rates in Delhi, Mumbai and other cities
Petrol and diesel in Delhi cost Rs 96.72 and Rs 89.62 a litre, respectively. In Mumbai, petrol is being sold for Rs 106.31 per litre and diesel for Rs 94.27.
Retail prices of rice to remain under control: Govt
The statement by the food ministry came a day after its factsheet alluded to a pricing pressure and rates of rice rising in the near term.
Reasons behind further fall in Rupee against the dollar; Will RBI intervene to curb the downslide? | Commodity Live
The rupee slipped below the 81-mark against the US dollar for the first time in early trade on Friday, weighed down by the strong USD and risk-off sentiment among investors. Watch Karunya Rao in conversation with Latha Venkatesh as the latter decodes the key factors weakening INR, and the likely course ahead for the domestic currency.
Govt says domestic rice prices may continue to rise
The statement was made in the fact sheet that the ministry issued detailing reasoning behind recent amendments to the India's rice export policy.
E-auction of 10 commercial coal mines to start today
The e-auction for eight coal mines will be conducted on September 13 and for two coal mines on September 14, Ministry of Coal added.
Oil rises 3% on supply threats, still set for weekly drop on demand fears
Brent crude rose $2.70, or 3%, to $91.85 a barrel by 11:22 a.m. EDT (1522 GMT). U.S. West Texas Intermediate (WTI) crude rose $2.63, or 3.2%, to $86.17 a barrel.
Gold up as dollar weakens, rate-hike fears cap gains
The gold market continues to see a slow and steady reduction of exchange-traded funds (ETF) and trading volumes on U.S. futures markets continue to weaken
Commodity Live | Silver imports at all-time high. Who’s buying?
Silver imports into India surged to 5,100 tonnes in the first seven months of this year. Why are imports surging? Who's buying? Find out here with Karunya Rao and Manisha Gupta.
Gold dips as US dollar, yields rise after Fed Chair Jerome Powell's comments
Spot gold was down 0.4% at $1,711.10 per ounce by 10:02 a.m. EST (1402 GMT), after hitting a more than one-week high earlier in the session. U.S. gold futures fell 0.4% to $1,721.40.
Oil prices near eight-month lows on demand concerns
Oil prices edged higher on Thursday, but remained near eight-month lows, as China's extension of COVID-19 lockdown measures exacerbated concerns a slowdown in global economic activity would hit fuel demand.
Oil prices fall further as China extends COVID-19 curbs
Brent crude futures lost 40 cents, or 0.4%, to $87.60 per barrel by 1002 GMT, near a late-January low. U.S. crude futures were down 41 cents, or 0.5%, at $81.53 a barrel, near a mid-January low.
Gold struggles for direction as investors focus on ECB, Jerome Powell
Spot gold was little changed at $1,717.30 per ounce, as of 0852 GMT, after rising nearly 1% in the previous session. U.S. gold futures edged 0.1% higher to $1,728.60.
Oil settles below $90 as recession fears mount
Several world central banks are slated to keep hiking rates to fight inflation, but economists have said the US appears better placed to weather the storms. That has boosted the dollar to a 24-year peak against the yen and a 37-year high versus sterling
Fuel Prices on September 5: Check petrol, diesel rates in Delhi, Mumbai and other cities
Fuel prices have stayed unchanged for more than a month
Stock Market Live: Why are metal prices declining? | Commodity Corner
Karunya Rao catches up with Sugandha Sachdeva of Religare Broking to decode why metal prices are declining
Oil prices fall on global recession worries
Brent crude futures for October, due to expire on Wednesday, were down $2.51 at $96.80 a barrel following Tuesday's $5.78 loss. The more active November contract was down 62 cents to $97.22 a barrel.
Rate hike rush pushes gold to longest monthly losing streak in 4 years
Spot gold fell 0.5% to $1,715.79 an ounce by 09:55 a.m. ET (1355 GMT). Bullion has lost about 3% so far in August, and was set for its fifth straight month of declines.
