News
Oil jumps as new US sanctions to curb Russian supply to China, India
Oil prices hit their highest in four months as U.S. sanctions impact Russian crude exports to China and India. Brent and WTI have risen significantly, with tighter supplies expected. New sanctions target Russian oil producers and tankers, affecting global oil trade dynamics. Analysts predict short-term price increases due to these supply disruptions.
Gold Price Today: Yellow metal prices surge by Rs 850/10 gm in a week, silver up by Rs 1,300/kg
Gold February futures opened almost flat at Rs 78,375/10g on MCX, while silver March futures fell slightly. Over the past week, both gold and silver prices have risen significantly. With ongoing volatility in the dollar index and upcoming US inflation data, fluctuations in gold and silver prices are expected.
Gold flat amid Trump policy uncertainty, strong US data
Gold prices remain stable amid uncertainty regarding the Trump administration's policies and a strong U.S. employment report that supports the Federal Reserve's cautious stance on future rate cuts. The price of spot gold is steady at $2,690.49 per ounce, while U.S. gold futures gain 0.2% to $2,720.20.
Oil hits more than 3-month high as US sanctions hit Russia exports
Oil prices have reached their highest level in over three months due to new U.S. sanctions on Russian oil producers. The sanctions could severely impact Russian oil exports, forcing China and India to source more oil from different regions. This move is expected to raise global oil prices and shipping costs in the coming months.
Gold remains vulnerable on strong US non-farm payroll data
Gold prices fluctuated before closing with a gain on Friday. The prices dipped following the release of strong US job data but recovered as US yields and the Dollar Index eased. The metal traded between $2614 and $2698 during the week. Key US, China, Germany, and UK economic data are awaited next week.
Gold trade bodies call for flexibility in monetisation scheme
Gold trade bodies have suggested the government make the Gold Monetisation Scheme (GMS) more attractive in the upcoming budget by offering flexible tenures, higher interest rates, and tax-exemptions on up to 500 grams of ancestral gold deposits. The aim is to mobilise 22,000 tonnes of gold and reduce imports.
BULL'S EYE
Know why this may be the right time to buy a house
SC says no to Ganesha in Idgah Maidan
Can rent agreements be made for more than 11 months?
Law on wages: 5 things that are set to change
SBI ups rates of repo rate linked home loans
SBI has increased its home loan external benchmark lending rate (EBLR) to 7.05 percent, while the
Taliban official: At least 100 dead, wounded in Afghan blast
Sustainability at Tokyo Olympic 2020
21 stocks sending out weak signals on MACD charts
Data showed 21 stocks are showing bearish trends. They included Tata Steel, Biocon, Asian Paints,
Dolly Khanna exits her long-term stock bet Nocil
Dolly Khanna was gradually trimming her stake in the company since holding 2.14 per cent stake in
Market Movers
Markets Videos
Gold Price Today: Yellow metal prices rally by Rs 1,600/10 gm in January so far, silver gains Rs 4,900/kg
Gold and silver futures in India continue their upward trend. Gold futures increased by 0.27% while silver futures rose by nearly 0.5%. Investors await US jobs data for indications on Federal Reserve's interest rate adjustments. Gold rates vary across Delhi, Mumbai, Chennai, and Hyderabad with different prices for standard and pure gold.
Oil set for third straight weekly gain on winter fuel demand
Oil prices are rising due to increased fuel demand from icy conditions in the U.S. and Europe. Brent crude futures reached $77.16, while West Texas Intermediate hit $74.18. Analysts cite supply disruptions, low stockpiles, and improving Chinese sentiment as causes. U.S. and European cold spells are boosting heating oil demand, with supply tightness expected to continue.
Gold prices on track for weekly gain; US data on tap
Gold prices held steady on Friday during early Asian trading, set to achieve their best week since mid-November as investors awaited U.S. jobs data to assess potential Federal Reserve interest rate cuts. Spot gold was stable at $2,670.16 per ounce, having gained over 1% this week, while U.S. gold futures rose slightly to $2,694.50.
Gold price hits four-week peak amid Trump policy concerns
Gold prices reached a near four-week high on Thursday amid safe-haven demand and concerns about U.S. President-elect Donald Trump's economic policies impacting inflation. With Trump's inauguration approaching and potential trade wars on the horizon, investors focus on the upcoming U.S. nonfarm payrolls for further insights, while U.S. gold futures also rose.
Gold Price Today: Yellow metal prices jump by Rs 600/10 gm this week so far, silver up by Rs 2,000/kg
Gold February futures contracts at MCX opened slightly higher on Thursday at Rs 77,942 per 10 gram, which is up by 0.25% or Rs 195 while silver March futures contracts were trading at Rs 91,261/kg, up by 0.36% or Rs 323.Gold prices surged by Rs 600/10 grams in this week so far while silver prices rose Rs 2,000/kg during this period.
Oil prices extend losses on rising U.S. fuel inventories
Oil prices fell further due to a significant increase in U.S. fuel inventories, with Brent crude and West Texas Intermediate both dropping by 0.4%. Despite the drop, concerns over tighter supplies from OPEC and Russia limited further declines. Market dynamics are influenced by winter demand and potential changes in U.S. policies with the new administration.
Gold subdued; investors await US data for cues on Fed's policy path
Gold prices dipped slightly amid rising yields and a stronger U.S. dollar as investors awaited critical U.S. job data for insights on the Federal Reserve's 2025 interest rate intentions. Trump's potential emergency measures for tariffs could impact inflation, posing challenges for the Fed's rate policy. Meanwhile, gold ETFs saw inflows for the first time in four years.
Gold Price Today: Gold prices trade flat in this week so far, silver up by Rs 1,600/kg
Gold February futures at MCX opened flat with a negative bias at Rs 77,440 per 10 gram, down by 0.12%, while silver March futures traded at Rs 90,840/kg, down by 0.04%. Prices were influenced by global central bank gold buying, a strong dollar index, and U.S. economic data.
Oil prices up on tighter OPEC supply, US jobs data
Oil prices increased due to reduced supplies from Russia and OPEC members. Data showed a rise in U.S. job openings, indicating economic growth and higher oil demand. Oil output from OPEC fell due to maintenance in the United Arab Emirates, despite a Nigerian output hike. Analysts expect oil prices to be lower in 2025 compared to 2024.
Gold flat as US yields, dollar rise on strong data
Gold prices remained stable as higher yields and a stronger dollar influenced the market. The U.S. economy showed strength, with job openings exceeding forecasts. Investors are now focused on upcoming employment numbers and the Fed's meeting minutes for further guidance on monetary policy. China's gold reserves rose for the second consecutive month in December.
