Commodities

Singapore | June 19, 2013 10:53 (IST)

Gold fell for a third straight session on Wednesday, hovering near the lowest level in four weeks, as a rally in stocks and investor caution over the Federal Reserve curbing its stimulus programme sapped support for bullion.

New Delhi | June 17, 2013 19:02 (IST)

Earlier, this provision was there for gold units outside the zones.

Mumbai | June 17, 2013 16:18 (IST)

At 3:56 p.m., the actively traded gold for August delivery on the Multi Commodity Exchange (MCX) was 0.32 per cent lower at Rs 27,790 per 10 grams. It has moved in a range of Rs 26,961-28,288 since the start of the month.

New Delhi | June 15, 2013 18:23 (IST)

Petrol price was hiked on Saturday by a steep Rs 2 a litre, the second increase in rates this month, as devaluation of rupee against US dollar made imports costlier.

New Delhi | June 14, 2013 19:42 (IST)

India's top copper smelter is likely to re-open on Sunday after a shutdown of over two months, two sources said on Friday, when a court-appointed panel will visit to oversee its restart.

New Delhi | June 14, 2013 16:01 (IST)

Crude oil from Iran costs India $2 less per barrel than global prices, Oil Minister Veerappa Moily said on Friday, outlining the reasons for the country's desire to source oil from sanctions-hit Tehran.

Mumbai | June 14, 2013 14:09 (IST)

The rupee, which traded stronger tracking gains in most Asian peers, plays an important role in determining the landed cost of the dollar-quoted yellow metal.

London | June 13, 2013 00:09 (IST)

Gold edged lower on Wednesday as stock markets rebounded after two days of losses, with the metal remaining under pressure from expectations that central banks' commitment to ultra-loose monetary policy may be waning.

Mumbai | June 12, 2013 00:14 (IST)

Gold futures in India are expected to fall from their two-month high hit on Tuesday, weighed down by speculations that the era of ultra-loose global monetary policy may end, along with demand concerns in the physical market.

London | June 11, 2013 20:41 (IST)

Brent crude tumbled below $102 per barrel on Tuesday after the United States nearly doubled the estimate of its shale oil and investors worried that central banks, following Japan, could rein in their loose monetary policy.

New Delhi | June 11, 2013 17:34 (IST)

The government is not contemplating additional measures to curb gold imports which are expected to drop substantially this month, a senior Finance Ministry official said on Tuesday.

London | June 11, 2013 15:44 (IST)

Gold had already been hurt by talk the US Federal Reserve may be set to taper its monetary easing sooner than expected, after Standard & Poor's revised up its US sovereign credit outlook on Monday and a US payrolls report last week beat forecasts.

New Delhi | June 10, 2013 15:36 (IST)

The smelter, run by Sterlite Industries, a unit of London-listed Vedanta, was shut on March 30 after nearby residents complained of emissions that led to breathing problems.

New Delhi | June 10, 2013 15:21 (IST)

Last week the government increased import duty on gold to 8 per cent from 6 per cent, the second such hike within six months.

Singapore | June 10, 2013 13:01 (IST)

The United States added more jobs in May than the month before, denting hopes for prolonged stimulus and weighing on gold's appeal as a hedge against inflation.

New Delhi | June 09, 2013 20:08 (IST)

The government's move to hike import duty on gold may do little to curb its demand and make it an even more sought after commodity in the near-term, pushing up the price of the precious metal, according to industry experts.

New Delhi | June 09, 2013 13:54 (IST)

Within a week of its launch, the ambitious direct benefit transfer (DBT) programme for cooking gas (LPG) has hit a quarter million transactions with Rs 10 crore of subsidy given to consumers directly.

New York/London | June 08, 2013 14:33 (IST)

Gold fell around 2 per cent on Friday, its biggest one-day drop in over three weeks, as funds dumped bullion after resilient US jobs data suggested the Federal Reserve could begin to scale back its monetary stimulus later this year.

New Delhi | June 07, 2013 15:31 (IST)

The government may take more steps if needed to curb gold inflows into the country, a senior finance ministry official said on Thursday.

Mumbai | June 07, 2013 12:51 (IST)

In a notification to all state and central co-operative banks, the RBI said loans against the security of gold coin would be up to 50 grams per customer.