Commodities

What oil at $100 a barrel would mean for the world economy

Rising oil prices are prompting forecasts of a return to $100 a barrel for the first time since 2014, creating both winners and losers in the world economy.

Gold bounces back to Rs 31,550 per 10 gram on positive global cues, jewellers’ buying

Breaking its three-day losing streak, gold bounced back by Rs 250 to Rs 31,550 per 10 gram at the bullion market Saturday in sync with a firm trend overseas amid fresh buying by local jewellers.

Petrol weekly roundup: Petrol prices up 79 paise in Delhi this week; here’s how diesel fared

Petrol price today: On Saturday, the oil marketing companies (OMCs) once again raised the petrol and diesel prices. While in New Delhi, petrol today costs Rs 83.40 per litre, up 22 paise, diesel cost

Gold on path for longest monthly losing streak in two decades

Gold steadied near six-week lows on Friday and was on track for its longest monthly losing streak since January 1997 as the dollar firmed after the U.S. Federal Reserve reaffirmed its plans to continu

Gold slumps by Rs 320 on fall in demand, weak global cues

Gold prices went down by Rs 320 to Rs 30,300 per 10 grams at the bullion market here Friday owing to slackened demand from local jewellers along with subdued global cues.

India to export first consignment of non-basmati rice to China tommorow, says Commerce Ministry

China has allowed imports of non-basmati rice from India and the first consignment of 100 tonnes will be shipped tomorrow from Nagpur, the commerce ministry said Thursday.

India should reduce or stop crude oil import from Iran: Moody’s

Indian refiners will either have to significantly reduce or completely stop importing crude oil from Iran over the next month, increasing their dependence on other Middle Eastern suppliers like Saudi

Petrol price today reaches Rs 83 per litre in Delhi; diesel price also hiked by OMCs; check fuel rates

Petrol price today: The fuel prices continue to rise as petrol crossed Rs 83 per litre and diesel touched Rs 74.24 mark in Delhi on Thursday.

Whopping Rs 2200 crore! Maharashtra fears revenue loss if it slashes fuel price

Amid growing chorus to bring down fuel prices, the BJP-led Maharashtra government Wednesday said the state would lose revenue to the tune of Rs 2,200 crore per year if it slashes the prices of petrol

Paytm Mall offers up to Rs 10,000 cashback on gold coins – Here is how to get

India is a country with a lot of sentimental value associated with gold. The yellow metal symbolises prosperity and wealth. With Diwali less than two months away, the sale of gold is likely to increas

Increased gas use could reduce diesel demand, says Indian Oil director

India's biggest state-owned refiner Indian Oil Corp Ltd said on Wednesday that a gradual rise in India's natural gas consumption could reduce local diesel demand.

Petrol prices today remain unchanged in Mumbai after touching record highs; check fuel rates in other metros

Petrol price today: The oil marketing companies (OMCs) kept petrol price unchanged today after continuously hiking them for last many days.

Gold climbs as investors await Fed rate view, dollar fades

Gold edged higher on Tuesday as the dollar drifted ahead of a U.S. Federal Reserve monetary policy meeting, but bullion's upside remained capped by strong U.S. economic data that continues to underpin

US-China trade war shocker: Escalating tensions may jolt world demand for crude oil; BP predicts slowdown

US sanctions on Iran will tighten global oil supplies sharply until the end of the year, but a threat to world demand looms in 2019 from the U.S.-China trade war, the head of BP's oil trading in Asia

Petrol price today: Fuel price continues to rise beyond Rs 90/litre in Mumbai; check rates in metros

Petrol, diesel prices today: Fuel prices touched a record high in Mumbai today as oil marketing companies (OMCs) raised petrol and diesel rates by 14 paise and 11 paise respectively.

Reduce oil imports without affecting fuel supply? Here’s how refiners are planning to do this

Refiners to tap into inventories instead amid the rising global crude prices, falling rupee.

Cardamom prices up on supply woes

Supply constraints, which have pushed down the cardamom arrivals by 20-25%, are likely to keep the market high, traders said.

Steel import share to come down with capacity augmentation

Commodity demand outlook in the first 2 quarters of the current fiscal raises hope that it would be sustained in the coming months. A positive scenario on steel demand is primarily reflected in the ma

Currency in circulation slows down since May; here’s what rise in petrol, diesel prices has to do with it

The currency in circulation (CiC), which increased exponentially after the note ban in November 2016 under which as many as 99.9 percent of them returned to the system, has seen some slowdown in expan

Petrol price crosses Rs 90 in Mumbai for first time ever; check rates for all metros

There seems to be no respite for the common man from soaring fuel rates, as petrol prices crossed Rs 90-mark in Mumbai for the first time ever. Petrol prices were hiked by 11 paise in Mumbai to Rs 90.

Gold demand in India to increase by 25 percent due to Higher MSP: Report

India's gold demand is likely to surge 25 per cent in the second half of this year on improved purchasing power of farmers owing to higher minimum support price (MSP) for crops announced by the govern

Fuel prices witness fresh hike: Petrol in Delhi reaches Rs 82.61

Fuel prices saw a fresh hike on Sunday, providing no respite to consumers adversely affected by the continuous increase in the fuel prices.

Will petrol price breach Rs 90-mark in Mumbai tomorrow? What you need to know

In New Delhi, petrol is retailing 12 paise higher at Rs.82.44 per litre, while diesel continues to be sold at Rs 73.87 per litre.

Fuel price hike: Petrol nearing Rs 90/litre in Mumbai

In New Delhi, petrol is retailing 12 paise higher at Rs.82.44 per litre, while diesel continues to be sold at Rs 73.87 per litre.

US-China trade war: India’s cotton exports to China may see a fivefold jump

Indian traders have already entered into a forward contract with Chinese buyers to deliver about 1.2 million bales between November and January.

Millers seek 15% subsidy for exports of pulses

The All India Dal Millers Association (AIDMA) has sought a 15% subsidy on the export of pulses to tap markets in around 150 countries across the globe.

Gold rises on firm global cues, jewellers’ buying

Gold prices hardened by Rs 50 to Rs 31,700 per 10 gram at the bullion market Friday in line with a firming trend overseas amid increased buying by local jewellers.

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