New Delhi | March 08, 2014 16:22 (IST)
Gold in New York, which normally sets price trend on the domestic front, dropped one per cent to 1,338.20 dollar an ounce and silver by 3 per cent to 20.92 dollar an ounce.
March 06, 2014 17:08 (IST)
Gold futures prices today moved down by 0.24 per cent to Rs 30,085 per 10 gram, after participants offloaded partial positions, taking weak cues from the global market.
New Delhi | March 06, 2014 16:51 (IST)
Sources said while petrol production by refineries has risen by a compounded annual growth rate (CAGR) of 13.9 per cent in five years beginning 2007-08, CAGR in LPG production was only 1.5 per cent. Diesel too has shown a CAGR of 7.2 per cent.
New Delhi | March 05, 2014 15:56 (IST)
Traders said besides sluggish demand at prevailing higher levels, a weak global trend where gold declined from a 17-week high following easing tensions between Russia and Ukraine mainly reduced demand for the precious metals as a safe haven.
New Delhi | March 04, 2014 20:58 (IST)
Oil and Natural Gas Corp (ONGC), the nation's largest producer of gas at 64 million standard cubic metres per day, will get Rs 16,000 crore in incremental revenue from gas price rising from $4.2 to about $8 per million British thermal unit, the company's new Chairman and Managing Director Dinesh K Sarraf told reporters here.
Mumbai | March 04, 2014 13:19 (IST)
Lower silver demand in the world's biggest consumer could weigh on prices, which have recovered almost 10 per cent this year after a 36 per cent slump last year, the biggest annual drop in almost three decades.
Mumbai | March 03, 2014 13:08 (IST)
The move could aggravate shortages in the physical market as authorities seize gold without a valid provenance, boosting premiums, which rallied to a record of $160 an ounce on London prices late last year.
Singapore | March 03, 2014 09:10 (IST)
Russia is the world's biggest oil producer and Ukrainian Prime Minister Arseny Yatseniuk said Moscow's move to use military force was a "declaration of war".
Singapore | March 03, 2014 09:05 (IST)
US April gold futures, which often set the tone for cash gold, hit an intraday high of $1,345 an ounce and later stood at $1,342.60, up $21.00.
Tiruchirappalli | March 02, 2014 18:33 (IST)
Faced with rising bad loan problems, the country's largest lender last month had announced a new roadmap which will limit slippages and also give early warning on stressed assets.
New Delhi | March 01, 2014 15:49 (IST)
Marketmen said sustained selling by stockists in tandem with weakening global trend as gains in equities curbed demand for the precious metal as an alternative investment kept pressure on gold prices to trade further lower.
February 28, 2014 21:23 (IST)
Import tariff value is the base price at which customs duty is determined to prevent under-invoicing. The tariff value is revised on a fortnightly basis after analysing the global price trend.
February 28, 2014 19:01 (IST)
Fuel prices were last revised on January 31, when diesel was made expensive by 50 paise per litre, while petrol price was kept unchanged.
February 28, 2014 17:54 (IST)
The government had raised the annual cap on supply of cheaper LPG from nine to 12 cylinders of 14.2-kg each on January 30. It was inferred this meant one cylinder in a month.
Singapore | February 28, 2014 13:15 (IST)
Gold was little changed on Friday but was on track for its biggest monthly gain since July after investors and speculators chased prices higher on concerns about the pace of the U.S. economy and unrest in Ukraine.
February 28, 2014 07:48 (IST)
Jignesh Shah-promoted Financial Technologies (FTIL) today appointed a committee to oversee its restructuring plan, which includes divesting up to 24 per cent stake in the Multi-Commodities Exchange (MCX).
February 27, 2014 19:51 (IST)
The Coal Mines Officers' Association of India (CMOAI) has said it may resort to indefinite stir if the demands are not met even after the 3-day strike.
London | February 27, 2014 09:12 (IST)
A new burst of investment in commodities after a hellish 2013 is expected to fizzle out in coming months, with investors alert to the fickle nature of rallies across basic resources such as gold and agriculture.
London | February 26, 2014 20:04 (IST)
Gold retreated from earlier four-month highs on Wednesday as the dollar firmed, but was still seen benefitting from uncertainty over China's economic policies and worries about the U.S. recovery in the short term.
February 26, 2014 18:25 (IST)
Volumes at the MCX fell 39 percent to Rs 76 lakh crore in the first ten months of the fiscal year beginning April 2013, as investors lost confidence in the exchange after a payment crisis at its spot exchange and restrictions on import of gold, triggering calls among industry participants to revive sentiment.