May 23, 2015 17:02 (IST)
Three days ago the government proposed a new scheme offering tax-free interest on depositing the yellow metal with banks.
May 23, 2015 16:22 (IST)
Marketmen attributed the fall in gold prices to a weak global trend as strengthening dollar reduced its demand amid gains in US inflation boosted concern that the economy is doing well enough for the Federal Reserve to start lifting interest rates.
May 22, 2015 16:37 (IST)
In line with a general weak trend, silver ready declined by Rs 180 to Rs 39,175 per kg, while weekly-based delivery advanced by Rs 95 to Rs 39,295 per kg on speculative buying.
May 22, 2015 14:55 (IST)
Oil and Natural Gas Corp, Oil India and GAIL (India) sell crude and fuels like cooking gas at discounted rates to partly compensate retailers for losses they incur on selling fuels at government-set cheaper rates.
May 22, 2015 08:35 (IST)
Spot gold was little changed at $1,207.01 an ounce by 0048 GMT, after dropping 0.3 per cent in the previous session.
May 21, 2015 23:56 (IST)
The Reserve Bank of India (RBI) on Thursday allowed non-banking financial companies (NBFCs) to use gold price at commodity exchanges to determine the value of the metal for purpose of advancing loans against it.
May 21, 2015 20:42 (IST)
Saudi oil minister Ali Al-Naimi said on Thursday that the kingdom envisaged the fact that fossil fuels could become unnecessary before the middle of the century and was investing in renewable energy for that reason.
May 21, 2015 16:22 (IST)
Gold prices remained steady on Thursday at Rs 27,650 per 10 grams at the bullion market on scattered buying from jewellers even as the precious metal strengthened overseas.
May 21, 2015 08:39 (IST)
Spot gold was firm at $1,208.95 an ounce by 0042 GMT, after gaining 0.2 per cent in the previous session.
May 21, 2015 08:36 (IST)
Brent crude oil prices dipped in early Asian trade on Thursday as ongoing oversupply weighed on markets, but prices remained within a narrow range in place since late April.
May 20, 2015 23:33 (IST)
A government proposal to attract thousands of tonnes of gold owned by households into a bank deposit scheme will likely fail in its current form as it does not address some key concerns for banks and consumers.
May 20, 2015 23:29 (IST)
Gail has signed a preliminary deal with Shell for the potential sale of liquefied natural gas (LNG) supply sourced from its portfolio, made up of US production, three sources with knowledge of the matter said.
May 20, 2015 16:51 (IST)
India is expected to overtake China as the world's top coal importer in 2015, faster than previously expected, traders and consultants said on Wednesday.
May 20, 2015 14:56 (IST)
Gold prices plunged by Rs 180 to Rs 27,650 per 10 grams at the bullion market on Wednesday owing to slackened demand from jewellers and retailers at prevailing levels amid a weak overseas cues.
May 20, 2015 12:48 (IST)
The government is now seeking public feedback on its proposal to launch gold deposit accounts.
May 20, 2015 10:19 (IST)
The government on Tuesday released the draft guidelines for its ambitious gold monetization scheme that aims to cut down gold imports in the country.
May 20, 2015 09:08 (IST)
Spot gold had ticked up 0.2 percent to $1,209.20 an ounce by 0023 GMT, but was firm near the week's low of $1,205.39, reached on Tuesday. The metal lost 1.5 percent in the previous session, snapping a five-day rally.
May 20, 2015 07:46 (IST)
U.S. crude for July delivery rose 45 cents to $58.44 a barrel as of 0002 GMT. The June contract, which expired on Tuesday, settled down $2.17 at $57.26.
May 19, 2015 23:55 (IST)
The recent e-auction of regasified liquefied natural gas (R-LNG) will revive stranded gas-based projects but improving domestic gas availability will be crucial for the sector, Care Ratings said.
May 19, 2015 23:24 (IST)
Oil prices fell 3 per cent on Tuesday, with US crude extending losses for a fifth straight day, as the dollar rallied amid evidence that the United States and top oil exporter Saudi Arabia were pumping more than the world needed.