September 18, 2014 15:54 (IST)
Gold in London, which normally sets price trend on the domestic front, added 0.2 per cent to $1,225.54 an ounce.
September 18, 2014 14:51 (IST)
India's monthly gold imports are set to rise by as much 50 per cent from current levels while premiums could almost double as the country gears up for a surge in demand ahead of the year-end festivities and wedding season, industry sources said.
September 18, 2014 08:09 (IST)
Diamond miner De Beers warned on Wednesday that global production will decline from 2020, a trend that could spell pricier bling for consumers.
September 17, 2014 18:58 (IST)
Gold prices drifted further to hit a fresh three-month low at the domestic bullion market here on Wednesday owing to sustained speculative selling as well as uneasy overseas sentiment ahead of the Federal Reserves decision on interest rates.
September 17, 2014 15:10 (IST)
The benchmark sank to a 26-month low this week on rising supplies and signs of slower demand growth in China and Europe, but prices rallied after OPEC Secretary General Abdullah al-Badri said the group could trim its 2015 output target by 500,000 barrels per day (bpd).
September 17, 2014 09:18 (IST)
The Fed is expected to make a statement on policy decision at 1800 GMT, with markets awaiting hints on when the Fed would increase rates. Any increase in interest rates would dim the appeal of non-interest-bearing assets such as gold.
September 16, 2014 15:12 (IST)
Marketmen said apart from increased buying by jewellers and retailers to meet upcoming festive season demand, a firming global trend on speculation prices near an eight-month low will spur more buying as the US Federal Reserve begins a two-day policy meeting, also boosted the sentiment.
September 16, 2014 13:54 (IST)
This is perhaps the first time that retail prices in India are higher than the global rates due to a sustained monthly rise in local prices since January 2013.
September 16, 2014 12:41 (IST)
Asia, home to the world's top two gold buyers - China and India, has been clamouring to gain pricing power over the metal and challenge the dominance of London and New York in trading.
September 15, 2014 22:25 (IST)
After registering a decline, gold imports surged to $2.03 billion last month from $738.7 million in August 2013.
September 15, 2014 19:20 (IST)
Brent crude oil fell below $97 per barrel on Monday to its lowest in more than two years as lacklustre economic data from China, the world's top energy consumer, cast a shadow over the outlook for oil demand at a time of abundant supply.
September 15, 2014 15:44 (IST)
Traders said sentiments turned better after gold recovered from an eight-month low in global markets on speculation that reduced prices may spur purchases before the Federal Reserve begins a two-day policy meeting.
September 15, 2014 15:30 (IST)
The government must take advantage of the lowest oil prices in a year to deregulate diesel, Reserve Bank of India Governor Raghuram Rajan said on Monday.
September 15, 2014 14:44 (IST)
Analysts said the rise global markets where gold rallied from an eight-month low, on speculation that reduced prices may spur purchases before the Federal Reserve begins a two-day policy meeting supported the rise in precious metal prices at futures trade here.
September 15, 2014 09:22 (IST)
The fall in Brent prices - from $115 per barrel as recently as in June to a two-year low of $96.72 a barrel last week, has nearly wiped out under-recoveries in diesel prices. According to government data, the under-recovery on selling diesel at below market prices was just 0.08 paise per litre for the fortnight ending August 31.
September 14, 2014 19:24 (IST)
State-run gas utility GAIL India Ltd on Sunday said it has made available natural gas from alternate sources to industries in Gujarat whose domestic fuel allocation was snapped to give fuel for the CNG sector.
September 14, 2014 18:32 (IST)
Reliance Industries Ltd (RIL) has accused the Comptroller and Auditor General (CAG) of exceeding its brief in the audit of spending on the eastern offshore KG-D6 block saying hindsight is being used to question operational decisions taken 8 years ago.
New Delhi | September 13, 2014 15:51 (IST)
Silver followed suit and declined by Rs 50 to Rs 41,250 per kg on lack of buying support from industrial units and coin makers.
September 12, 2014 23:57 (IST)
The Singapore Exchange is planning to launch a physically deliverable gold contract for wholesalers in the next 1-2 months to meet demand in Asia, the top consumer of the precious metal.
September 12, 2014 23:54 (IST)
The Centre has chalked out plans to set up at least four more strategic oil reserves in the country in a bid to store adequate stock for meeting 90-100 day requirements during any crisis.