Commodity Archives - DigitalMedia

Gold prices are down Rs 270 per kg, while silver is up Rs 60,000 per kg

16Jun

By Administrator_IndiaNo Comments

Commodity

Gold prices are down Rs 270 per kg, while silver is up Rs 60,000 per kg

On Thursday morning, gold prices in India fell by Rs 270 per gramme. After a Rs 250 drop, 10 gramme of 24-carat gold is trading at Rs 51,440, while 10 gramme of 22-carat gold is trading at Rs 47,150. The drop in gold prices comes after the US Federal Reserve raised interest rates for the first time since 1994 and warned of economic concerns. Silver, on the other hand, has seen a price increase. After a 200-rupee hike, 1 kilogramme of silver now costs Rs 60,000. The price of a gramme of 24-carat gold is Rs 51,440 in Delhi, Mumbai, Kolkata, Bangalore, and Hyderabad. Meanwhile, a gramme of 22-carat gold costs Rs 47, 170 in Delhi, Bangalore, Bhubneshwar, and Mangalore. In Chennai, a gramme of 24-carat gold costs Rs 51,500 while a gramme of 22-carat gold costs Rs 47,200. In Delhi, ...

Today’s gold price is Rs 51,430 per 10 gm; silver is Rs 62,100 per kg

24May

By Administrator_IndiaNo Comments

Commodity

Today’s gold price is Rs 51,430 per 10 gm; silver is Rs 62,100 per kg

The price of gold jumped by Rs 100 per 10 gramme on Tuesday, with 24-carat gold retailing at Rs 51,430. On Tuesday, the price of silver climbed by Rs 700 per kilogramme, to Rs 62,100 per kg. The price of 10 grammes of 22-carat gold increased by Rs 100 from the previous day's rate, with the metal retailing for Rs 47,150. In Delhi and Mumbai, the price of 10 grammes of 24-carat gold is the same as in Bengaluru, Hyderabad, and Kolkata, with the precious metal retailing for Rs 51,430 in these cities. In Delhi and Mumbai, the price of 10 grammes of 22-carat gold is comparable to the price of 10 grammes of 22-carat gold in Bengaluru, Hyderabad, and Kolkata, with the metal retailing for Rs 47,150 in these cities. However, the price of 10 kilos of 24-carat gold and 22 grammes of 22...

10 gramme of gold costs Rs 51,710, while silver costs Rs 62,500 per kilo

9May

By Administrator_IndiaNo Comments

Commodity

10 gramme of gold costs Rs 51,710, while silver costs Rs 62,500 per kilo

On Monday, the price of 10 grammes of 24-carat gold remains unchanged from yesterday's rate of Rs 51,710, and the price of 1 kg silver remains stable from Sunday, at Rs 62,500 per kg. The price of 10 grammes of 22-carat gold stays steady on Monday at Rs 47,400. The price of 10 grammes of 24-carat gold in Delhi and Mumbai is the same as it is in Bengaluru, Hyderabad, and Kolkata, with the precious metal retailing at Rs 51,710 in these cities. The price of 10 grammes of 22-carat gold in Delhi and Mumbai is also comparable to the price of 10 grammes of 22-carat gold in Bengaluru, Hyderabad, and Kolkata, where the metal sells for Rs 47,400. The price of 10 grammes of 24-carat gold and 22-carat gold in Chennai, however, is more than in the other cities, at Rs 53,200 and Rs 48,7...

Gold trading at Rs 52,100 per 10 gm today; silver selling at Rs 68,000/kg

30Mar

By Administrator_IndiaNo Comments

Commodity

Gold trading at Rs 52,100 per 10 gm today; silver selling at Rs 68,000/kg

The price of 10 grams of 24-carat gold decreased by Rs 210 on Wednesday to Rs 52,100, while silver became cheaper by Rs 400 per kg to Rs 68,000. Ten grams of 22-carat gold is trading at Rs 47,750 after falling by Rs 200. The price of 10 grams of 24-carat gold in Delhi and Mumbai stood at Rs 52,100. Ten grams of 22-carat gold in Mumbai and Delhi is trading at Rs 47,750. The price of 10 grams of 24-carat gold in Bangalore, Hyderabad, and Kolkata happens to be on par with the price of 24-carat gold in Mumbai i.e. Rs 52,100, while 22-carat gold is selling in Bangalore, Hyderabad, and Kolkata at Rs 47,750. Ten grams of 24-carat gold in Chennai is trading at Rs 52,290, while ten grams of 22-carat gold in Chennai is trading at Rs 47,930. The price of gold differs in regions bas...

Gold Prices Today: Yellow metal in over-bought zone, likely to remain volatile amid Russia-Ukraine war

9Mar

By Administrator_IndiaNo Comments

Commodity

Gold Prices Today: Yellow metal in over-bought zone, likely to remain volatile amid Russia-Ukraine war

Gold prices fell on March 9 in the international markets weighed down by a stronger dollar and rising US Treasury yields, while palladium gained on supply worries as western countries ramped up sanctions against Russia over its invasion of Ukraine. At 9.43 am, gold contracts jumped 1.37 percent at Rs 54,965 for 10 grams on the Multi-Commodity Exchange (MCX) and silver spiked 2.21 percent at Rs 72,960 a kilogram. Gold and silver rallied on Tuesday after the US banned Russian oil and gas imports. However, gold and silver were off the day's highs after a statement from President Volodymyr Zelenski that Ukraine was no longer seeking to be a member of NATO. Global equity markets rallied and profit-taking was seen in both precious metals from higher levels. Gold prices hit $2078.80 ...

Oil Up, Talks to Add Iranian Supply Continue

15Jun

By Administrator_IndiaNo Comments

Commodity

Oil Up, Talks to Add Iranian Supply Continue

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 Iran and world powers, including the U.S., to revive a 2015 nuclear deal. Talks resumed over the weekend in Vienna, which have been described as "intense" by the European Union, one of the parties involved in the talks. If a deal is reached, the U.S. could lift sanctions on Iran that would allow Iran, a founding member of the Organization of Petroleum Exporting Countries (OPEC), to resume crude exports. Howe...

Oil eases as investors await Iran nuclear talks this week

7Jun

By Administrator_IndiaNo Comments

Commodity

Oil eases as investors await Iran nuclear talks this week

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, after earlier hitting $72.27, their highest since May 2019. U.S. West Texas Intermediate crude for July touched $70 for the first time since October 2018 but retreated to $69.43 a barrel, down 19 cents, or 0.3%. Investors may have sold off some contracts to take profit when WTI hit $70, said Avtar Sandu, a senior commodities manager at Phillips Futures in Singapore. "The primary concern is about Iranian barrels coming back into the market but I do...

Fuel price hike | OMCs raise petrol prices by 28-29 paise, diesel by 26-28 paise on May 31

31May

By Administrator_IndiaNo Comments

Commodity

Fuel price hike | OMCs raise petrol prices by 28-29 paise, diesel by 26-28 paise on May 31

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 is now priced at Rs 94.23/litre in Delhi, while diesel costs Rs 85.15/litre in the national capital. In Mumbai, petrol continued to cost more than Rs 100/litre at Rs 100.47/litre, while diesel is now at Rs 92.25/litre. Petrol price in the country's financial capital breached the Rs 100/litre milestone on May 29 after a Rs 0.25/litre hike. Fuel prices vary across states depending on local taxation like value-added tax (VAT). Rajasthan l...

31May

By Administrator_IndiaNo Comments

Commodity

Fuel price hike | OMCs raise petrol prices by 28-29 paise, diesel by 26-28 paise on May 31

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 is now priced at Rs 94.23/litre in Delhi, while diesel costs Rs 85.15/litre in the national capital. In Mumbai, petrol continued to cost more than Rs 100/litre at Rs 100.47/litre, while diesel is now at Rs 92.25/litre. Petrol price in the country's financial capital breached the Rs 100/litre milestone on May 29 after a Rs 0.25/litre hike. Fuel prices vary across states depending on local taxation like value-added tax (VAT). Rajasthan l...

Brent nudges towards $70 a bbl on rosy US data, oil demand outlook

28May

By Administrator_IndiaNo Comments

Commodity

Brent nudges towards $70 a bbl on rosy US data, oil demand outlook

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 0050 GMT while U.S. West Texas Intermediate crude for July was at $67.17 a barrel, up 32 cents, or 0.5%. "Oil headed higher on robust U.S. economic data and growing sentiment that if the Iran nuclear deal is revived, it will not include an immediate removal of sanctions and that the oil market will not get quickly flooded with excess supplies," OANDA analyst Edward Moya said in a note. Brent and WTI are both on track to post weekly gains of 5%...