New Delhi | December 05, 2013 18:38 (IST)
Diesel demand has declined this fiscal year, for the first time in more than a decade, as monthly price hikes and increased power generation clipped consumption, Indian Oil Corporation (IOC) chairman R S Butola said on Thursday.
Mumbai | December 05, 2013 16:18 (IST)
Indian gold premiums hit another record on Thursday, driven by lower supplies to meet firm demand for the wedding season, which will continue till April. Local prices were $150-160 an ounce higher than London prices, compared with $125 earlier this week, traders said.
December 05, 2013 11:22 (IST)
The metal for delivery in far-month February traded Rs 227, or 0.77 per cent, to Rs 29,367 per 10 gm.
London | December 04, 2013 22:39 (IST)
Gold pared earlier losses on Wednesday after mixed US economic data but stayed close to a 5-month low on uncertainty over when the Federal Reserve will exit its asset purchase scheme.
New Delhi | December 04, 2013 21:33 (IST)
India and Japan are stepping up the pressure for cheaper liquefied natural gas (LNG) with potential joint tenders as two of the world's biggest gas buyers try to ease the pain of high prices and rising demand.
London | December 04, 2013 17:33 (IST)
Investors realise the central bank will start reducing stimulus at some point, but the timing remains open to question.
Mumbai | December 04, 2013 17:22 (IST)
Gold demand in India was robust on Wednesday, but limited supplies were forcing jewellers to pay near-record premium.
New Delhi | December 04, 2013 13:56 (IST)
At the Multi Commodity Exchange, gold for delivery in February next year rose Rs 55, or 0.19 per cent, to Rs 29,117 per 10 gram in business turnover of 1,895 lots.
Singapore | December 04, 2013 10:02 (IST)
Spot gold had eased 0.2 per cent to $1,221.64 an ounce by 0325 GMT. It traded in a narrow range on Tuesday slipping to $1,215.60 - fresh lows since early July - despite weakness in equities and the U.S. dollar.
Singapore/Mumbai | December 04, 2013 07:43 (IST)
Stung by rules imposed this year to cut a high trade deficit and a record duty on imports, dealers and individual customers are fanning out across Asia to buy gold and sneak it back into the country.
New York/London | December 03, 2013 23:59 (IST)
Gold rose slightly on Tuesday, bouncing up after a slide of almost 3 per cent the previous day and a further decline in early trade to a five-month low that brought bargain hunters into the market as crude oil prices rallied and US dollar weakened.
Vienna | December 03, 2013 23:09 (IST)
Iran will "immediately" export more crude oil once sanctions are lifted in the wake of the international deal to roll back its nuclear programme, the country's Oil Minister said on Tuesday.
Bhubaneswar/New Delhi | December 03, 2013 19:42 (IST)
Coal India Ltd said it would resume full production on Wednesday from a major coal field that was closed on Friday due to a labour protest, cutting off a supply of about 200,000 tonnes a day to power producers and others.
New Delhi | December 03, 2013 18:10 (IST)
With energy suppliers preferring Europe over Asia in offering favourable deals, India on Tuesday called large consumers in the region, like China, Japan and Korea, to forge an Asian buyers block to extract price discounts.
Mumbai | December 03, 2013 17:19 (IST)
It has also tied the quantity of imports to exports, making it necessary for importing agencies to fulfil export orders before sending any bullion for local consumption.
New Delhi | December 03, 2013 15:48 (IST)
The comment comes on the heels of Coal Minister Sriprakash Jaiswal asking state-owned CIL to ensure that the output target for FY'14 is met.
December 03, 2013 13:10 (IST)
India's silver imports rose to a three-month peak in October and are on track to hit a record this year, data from Thomson Reuters GFMS showed, as buyers opt for the precious metal instead of expensive gold to meet high seasonal demand.
December 03, 2013 11:27 (IST)
Gold prices moved down by 0.31 per cent to Rs 28,739 per 10 gram in futures trade today as speculators trimmed their exposures, tracking a weak trend overseas.
December 03, 2013 08:05 (IST)
In India, gold for February delivery traded down 0.31 per cent at Rs 28,739 per 10 gram in on the Multi Commodity Exchange. Market analysts attributed the weakness in local gold prices to signs of strengthening in the US economy.
New Delhi | December 02, 2013 23:27 (IST)
The government is considering removal of the mandatory registration process for sugar exports in view of surplus production this year, according to a senior government official.