Thomson Reuters | Last Updated: May 03, 2016 08:47 (IST)
The surging supplies from the Middle East counter falling U.S. output, where production has declined from a peak of around 9.6 million bpd in June 2015, to below 9 million bpd now, according to U.S. Energy Information Administration (EIA) data.
Thomson Reuters | Last Updated: May 03, 2016 08:34 (IST)
Gold nursed small overnight losses on Tuesday, but the metal wasn't too far from a 15-month high on dollar weakness and as assets of the biggest bullion fund rose to their highest in over two years.
Thomson Reuters | Last Updated: May 02, 2016 21:09 (IST)
Crude prices fell 2 per cent on Monday as data showing higher Middle East oil production and record hedge fund buying sparked profit-taking on last month's outsized rally.
Thomson Reuters | Last Updated: May 02, 2016 17:48 (IST)
India, the world's biggest consumer of sugar, is likely to produce 25 million tonnes of the sweetener in the 2015-16 marketing year ending on September 30, down 11.7 per cent from a year ago, a leading trade body said on Monday.
Press Trust of India | Last Updated: May 02, 2016 17:20 (IST)
An Environment Ministry panel has deferred a proposal of the Ib-Valley washery of Coal India arm Mahanadi Coalfields.
Thomson Reuters | Last Updated: May 02, 2016 15:30 (IST)
Gold rose to a fresh 15-month high on Monday, closing in on the $1,300 resistance level as fresh weakness in the dollar lent support, but moves were muted in holiday-thinned trade.
Press Trust of India | Last Updated: May 02, 2016 14:40 (IST)
Snapping its four-day rising streak, gold retreated from a two-year high, falling by Rs 100 to Rs 30,200 per 10 grams at the bullion market on Monday, owing to slackened demand by jewellers at existing levels even as the precious metal firmed up overseas.
Thomson Reuters | Last Updated: May 02, 2016 10:57 (IST)
Gold traded near a 15-month peak on Monday as a tumble in the dollar and weakness in global equities pushed up the metal to near $1,300 an ounce.
Thomson Reuters | Last Updated: May 01, 2016 15:51 (IST)
International Energy Agency (IEA) chief Fatih Birol on Sunday said oil prices may have bottomed out, providing that the health of the global economy does not pose a concern.
Press Trust of India | Last Updated: May 01, 2016 14:16 (IST)
After petrol and diesel, prices of non-subsidised cooking gas, non-PDS (public distribution system) kerosene and aviation turbine fuel (ATF) were raised on Sunday, in line with global trends.
Press Trust of India | Last Updated: April 30, 2016 17:56 (IST)
Britain-based Indian tycoon Sanjeev Gupta has said his Liberty House group is evaluating a bid for other UK assets of the troubled Tata Steel after completing the acquisition of the firm's loss-making plants in Scotland.
Press Trust of India | Last Updated: April 30, 2016 17:21 (IST)
Gold prices edged higher by Rs 50 to Rs 30,300 per 10 grams at the bullion market on Saturday, tracking a firming trend overseas along with sustained buying by jewellers at domestic front.
Press Trust of India | Last Updated: April 30, 2016 16:59 (IST)
Petrol price was on Saturday hiked by Rs 1.06 per litre while diesel rate was increased by Rs 2.94 per litre.
Press Trust of India | Last Updated: April 30, 2016 15:58 (IST)
Tirumala Tirupati Devasthanam (TTD), which manages the Sri Venkateswara Swamy temple in Tirupati, may move all of its 7.5 tonnes of stashed gold under the government's gold monetisation scheme (GMS).
Press Trust of India | Last Updated: April 29, 2016 15:17 (IST)
Gold in Singapore, which mostly determines the price trend in the Indian market, traded higher at $1,274.24 an ounce from $1,266.26 on Thursday in Singapore.
Thomson Reuters | Last Updated: April 29, 2016 13:27 (IST)
Oil prices edged to new 2016 highs on Friday, lifted by a weak dollar and falling production in the United States, although a looming rise in Middle East output capped gains.
Press Trust of India | Last Updated: April 28, 2016 18:43 (IST)
Government in Rajya Sabha on Thursday refused to budge from its stance on levying one per cent excise duty on non-silver jewellery saying luxury items cannot be kept out of tax ambit for perpetuity, prompting a walk-out by members of the Congress and SP.
Press Trust of India | Last Updated: April 28, 2016 15:50 (IST)
Persistent buying by jewellers and retailers to meet the ongoing wedding season demand fuelled the uptrend in the precious metals prices, they said.