On Tuesday, the price of ten grammes of 24-carat gold fell by Rs 1,280 to Rs 51,510, while the price of one kilogramme of silver fell by Rs 800 to Rs 62,700 per kilogramme. According to the Goodreturns website, the price of 10 grammes of 22-carat gold has dropped by Rs 1,190, and the precious […]
Tag: Commodities
Oil rises on big decline in U.S. crude stocks
By Administrator_India Capital Sands Oil prices rose around 1% on Wednesday, extending overnight gains, after industry data showed U.S. crude stocks fell more than expected last week in the wake of two hurricanes, highlighting tight supply as demand improves. U.S. West Texas Intermediate (WTI) crude futures rose 75 cents, or 1.1%, to $71.24 a barrel at 0131 […]
Oil slips ahead of US jobs report
By Administrator_India Capital Sands Oil prices dipped on Friday after posting strong overnight gains on a weaker dollar and a bigger-than-expected fall in U.S. crude stocks and were headed for small gains on the week ahead of a highly anticipated U.S. monthly jobs report. U.S. West Texas Intermediate (WTI) crude futures fell 24 cents, or […]
Gold eyes biggest weekly gain in over 2 months on Fed signal
By Administrator_India Capital Sands Gold prices were on track for their biggest weekly gain in more than two months on renewed signs that the U.S. Federal Reserve may not taper economic support and hike interest rates in the near term. Spot gold was steady at $1,827.28 per ounce by 0256 GMT, having hit its highest […]
Oil Down, Investors Still Await Outcome of OPEC+ Output Dispute
By Administrator_India Capital Sands Oil was down, but little changed, Monday morning in Asia. Supplies remained tight as key producers continue to disagree on whether to increase output from August onwards. Brent oil futures rose edged down 0.11% to $75.47 by 10:05 PM ET (2:05 AM GMT) and WTI futures inched down 0.03% to $74.54. A dispute within the Organization […]
Oil drifts near 2018 highs ahead of OPEC+ meeting
By Administrator_India Capital Sands Oil prices hit and then recoiled from highs last seen in October 2018 on Monday as investors eyed the outcome of this week’s OPEC+ as the United States and Iran wrangle over the revival of a nuclear deal, delaying a surge in Iranian oil exports. Brent crude for August had slipped 16 […]
Oil slips again on surging U.S. dollar, but holds above $70
By Administrator_India Capital Sands Oil prices fell for a second consecutive day on Friday as the U.S. dollar soared on the prospect of interest rate hikes in the United States, but were nevertheless on track to finish the week flat – only slightly off multi-year highs. Brent crude futures were down 52 cents, or 0.7%, at […]
Oil holds near multi-year highs amid demand recovery
By Administrator_India Capital Sands Oil prices held near multi-year highs on Monday, underpinned by an improved outlook for demand as increased COVID-19 vaccinations help lift travel curbs. Brent crude was up 14 cents, or 0.2%, at $72.83 by 0123 GMT. It rose 1.1% last week and hit the highest since May 2019 of $73.09 on Friday. […]
Gold Up, Reaches Three-and-a-Half Month High Over Weaker Dollar, Inflation Worries
By Administrator_India Capital Sands Gold was up on Tuesday morning in Asia as the dollar weakened. Investors also remain concerned about potential interest rate hikes to curb rising inflation. Gold futures inched up 0.02% to $1,868.05 by 10:59 PM ET (2:59 AM GMT), its highest level since Feb. 1, 2021. The dollar, which usually moves inversely to […]
Gold Holds Near Three-Month High as Inflation, Fed in Focus
By Administrator_India Capital Sands Gold held near the highest level in three months as investors weighed growing inflation risks and comments from Federal Reserve officials on the labor market for clues on monetary policy going forward. Bond market expectations for the pace of consumer price inflation over the coming half decade surged on Monday to […]