Commodity

OMCs hold fuel prices, diesel price same for 9th d..

Oil marketing companies (OMCs) continued to keep automobile fuel prices unchanged on Sunday, with diesel prices across the four metros remaining untouched for the ninth d..

Oil giants` production cuts come to 1 million bpd ..

By David Gaffen The world's five largest oil companies collectively cut the value of their assets by nearly $50 billion in the second quarter, and slashed producti..

Oil slips below $45/bbl on demand concerns but pos..

By Stephanie Kelly NEW YORK - Oil prices fell nearly 2% on Friday, limiting their weekly gain due to concerns the global recovery could falter from a resurgence of cor..

Gold`s record breaking rally sputters on dollar bo..

By Sumita Layek Gold slumped over 2% on Friday, snapping its record-breaking rally, after a decent U.S. jobs report boosted the dollar, but a worsening pandemic kept p..

Petrol, diesel prices may rise again from next wee..

Consumers might see fuel prices going up again as oil companies are bracing up to pass the rise in global crude and product prices on retail sales. Accordingly, petrol..

Bull-run persists in precious metals; gold above R..

Amid the global uncertainty, investment demand and supply concerns, touching fresh record levels has become the new normal for gold and silver prices. Continuing with the..

ONGC sells Oct-loading Russian Sokol crude at thre..

SINGAPORE - Indian oil explorer ONGC has sold a Russian Sokol crude cargo loading Oct. 10-16 at a spot premium of around 70-80 cents a barrel to Dubai quotes, the l..

Vietnam rice rates jump on supply crunch; high Tha..

By K. Sathya Narayanan BENGALURU - Waning rice supplies in Vietnam pushed export prices to a near two-month peak this week, while a strengthening domestic currency kep..

Gold smashes record high as safety rush intensifie..

By Brijesh Patel Gold smashed a record high on Friday as a safety rush fuelled by the worsening coronavirus pandemic and its mounting economic toll gathered pace and p..

Oil prices slip on uncertainty over U.S. recovery,..

By Sonali Paul MELBOURNE - Oil prices slipped on Friday, adding to losses in the previous session, on worries that fuel demand growth will drop amid a resurgence of co..

Silver at new high of Rs 74,350/kg; gold above Rs ..

Futures contracts of silver on the Multi-Commodity Exchange (MCX) rose to record levels on Thursday on the back of fresh demand and supply constraints. The September c..

Gold steadies near record high as dollar stumbles

Gold prices held steady near record highs on Thursday as a weaker U.S. dollar and hopes of more stimulus measures to mitigate the economic fallout from the pandemic under..