On Friday, the price of gold rose by Rs 250 from the previous day’s closing to Rs 52,310 for a gramme of 24-carat gold. In the meantime, a gramme of 22-carat gold costs Rs 47,950. Although gold is utilised as an inflation hedge, rising interest rates raise the opportunity cost of owning the non-yielding asset. …
On Thursday, the price of 10 grammes of 24-carat gold increased by Rs 160 to Rs 52,250, while the price of one kilogramme of silver increased by Rs 400 to Rs 62,000. The price of 10 grammes of 22-carat gold has increased by Rs 150, and the precious metal is now selling for Rs 47,900. …
Ten grams of 24-carat gold is selling at Rs 51,280 on Tuesday, up to Rs 720 since the last trade as demand rose for the safe-haven bullion. Ten grams of 22-carat gold is selling at Rs 47,000, up to Rs 660 from Monday One kg of silver is selling at Rs 65,200, up to Rs 1,100 …
By Administrator_India Capital Sands Oil was up Tuesday morning in Asia, as talks over Iran adding to the global supply continue and alleviate investor concerns. Brent oil futures were up 0.33% to $73.10 by 11:25 PM ET (3:25 AM GMT), recording a fourth consecutive session of gains. WTI futures edged up 0.11% to $70.96. Investors continue to monitor discussions between …
By Administrator_India Capital Sands Oil pulled back after hitting fresh multi-year highs on Monday, as investors awaited the outcome of this week’s talks between Iran and world powers over a nuclear deal that is expected to boost crude supplies. Brent crude futures for August fell 26 cents, or 0.4%, to $71.63 a barrel by 0218 GMT, …
By Administrator_India Capital Sands Oil Marketing Companies (OMCs) in India have raised petrol prices by 28-29 paise/litre and diesel prices by 26-28 paise/litre on May 31. Since May 3, fuel prices have cumulatively jumped by Rs 3.83/litre for petrol and Rs 4.42/litre for diesel after a series of consecutive price hikes over the month. Petrol …
By Administrator_India Capital Sands Oil prices pushed higher on Friday, supported by firm U.S. economic data and expectations of a strong rebound in global fuel demand in the third quarter, while concerns eased about the impact of any return of Iranian supplies. Brent crude futures for July gained 16 cents, 0.2%, to $69.62 a barrel by …
By Administrator_India Capital Sands Oil rose in early trade on Wednesday on expectations global oil stocks will fall back to more normal levels this year and as U.S. lawmakers moved closer to approving President Joe Biden’s $1.9 trillion COVID-19 aid bill without Republican support. U.S. West Texas Intermediate (WTI) crude futures climbed 11 cents, or …
By Administrator_India Capital Sands Gold rose on Wednesday to a one-week high as the dollar weakened on US Treasury secretary nominee Janet Yellen’s call to “act big” on measures to help the American economy recover from the impact of the pandemic. Brent Crude, too, jumped and traded above $56 a barrel. Spot gold gained 1.18 …
By Administrator_India Capital Sands Oil was down Tuesday morning in Asia, with rising numbers of COVID-19 cases globally contributing to rising fuel demand worries. However, expectations of a drawdown in U.S. crude oil inventory helped to limit losses for the black liquid. Brent oil futures edged down 0.13% to $55.59 by 10:27 PM ET (3:27 AM GMT) and …
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