Gold prices rose more than 1% on Wednesday, following a retreat in the dollar, as investors waited to see whether the Federal Reserve would opt for one of the sharpest U.S. rate hikes since 1994.
The development assumes significance in the wake of the government making efforts to secure domestic fuel supplies amid fear of shortage during monsoon.
This week, dealers in India were offering a discount of up to $10 an ounce over official domestic prices, inclusive of the 10.75% import and 3% sales levies, up from the last week's discount of $9.
Coal dispatch climbed by 16.05 percent, from 67.06 million tonnes in May 2020 to 77.83 million tonnes in May 2022.
Russia's Rosneft is holding back on signing new crude oil deals with two Indian state refiners, three sources with knowledge of the matter said, as it has committed sales to other customers.
The use of imported coal would increase the electricity tariff by 70 paise to one rupee per unit, says the All India Power Engineers Federation. The total additional cost burden on the states on account of imported coal would be in excess of Rs 24,000 crore.
Gold prices held near one-week lows on Tuesday, as investors wagered that aggressive tightening plans by major central banks are going to keep interest rates higher for an extended time, boosting the U.S. Treasury yields and in turn the dollar.
Oil edged higher on Friday, supported by expectations that OPEC's decision to increase production targets by slightly more than planned won't much affect tight global supply and by rising demand as China eases COVID restrictions.
Crude oil prices rose on June 2 after US crude inventories fell more than expected, shrugging off OPEC+'s agreement to boost crude output to compensate for a drop in Russian production. Manisha Gupta shares all the details
Retail prices of wheat, rice, sugar and edible oils are showing a declining trend after the measures taken by the government, including curbs on exports of wheat and sugar, Food Secretary Sudhanshu Pandey said on Thursday.
As Centre floats cabinet note on hiking fair and remunerative price which sugar mills pay farmers, what will be the impact on sugar prices? Watch this video to find out
Steel prices at 11-week low, Tin, Nickel, Aluminium and other metal prices also fell significantly. Karunya Rao and Manisha Gupta discuss the reasons for the fall in prices.
India's largest gas firm GAIL is getting regular supplies of LNG under a long-term deal with Russia's Gazprom despite the geopolitical crisis, the firm's chairman and managing director Manoj Jain said.
Brent crude futures for July rose by 48 cents to $114.03 a barrel by 10:50 a.m. EDT (1450 GMT). U.S. West Texas Intermediate (WTI) crude for July delivery rose 49 cents, or 0.4%, to $110.26 a barrel.
Global sugar prices have gained over 20 percent while sugar prices in India surged nearly 6 percent in the past year. India has now put sugar exports in the restrictive category from June 1 and restricted sugar exports at 100 lakh tonnes. Is the Indian government doing enough to fight food inflation? Let's find out with Manisha Gupta and Karunya Rao.
Brent crude futures for July rose 46 cents, or 0.4 percent, to $114.02 a barrel by 0020 GMT. The US West Texas Intermediate (WTI) crude futures for July delivery was up 58 cents, or 0.5 percent, to $110.35 a barrel
Brent futures for July were down 18 cents, or 0.2%, to $112.22 a barrel by 1235 GMT, while U.S. West Texas Intermediate (WTI) crude for June fell 2 cents to $112.19 on its last day as the front-month.
Spot gold was up 0.2% at $1,845.67 per ounce by 1033 GMT, after climbing about 1.9% in the last session. U.S. gold futures rose 0.1% to $1,842.70.
Sugar prices have come off one-month high. Watch the video for an outlook on prices and whether you should buy sugar stocks at current levels
According to a price notification from fuel retailers, petrol in Delhi costs Rs 105.41 per litre and diesel Rs 96.67 per litre.
Brent crude rose 46 cents, or 0.4%, to $107.97 a barrel by 11:44 a.m. EDT (1644 GMT). WTI crude rose $1.14, or 1.1 %, to $106.85.
Lately, the precious metal is adding to portfolio volatility, moving with the broader markets instead of against them
Metals prices are under pressure due to hawkish outlook of US Fed over the upcoming policy. Aluminium and copper, both are trading at 4-month lows. Zinc prices are also at 2-month lows. So, what is the way forward for the sector? Watch Karunya Rao and Manisha Gupta decoding this for you
Brent futures rose $2.36, or 2.1%, to $113.22 per barrel by 12:18 a.m. ET (1618 GMT), while U.S. West Texas Intermediate (WTI) crude climbed $2.46, or 2.3%, to $110.72 a barrel.
While Iraq made a substantial boost, countries such as Libya and Nigeria saw their production fall amid operational disruptions and diminished investment, according to a Bloomberg survey
