Gold prices rose 0.28% to ₹77,747 on the back of the Federal Reserve’s rate cut for 2025 amid concerns over taxation after the US election. A stronger dollar and higher Treasury yields generally weigh on gold. Following three rate cuts in 2024, the Fed is expecting two more cuts in 2025, with markets easing by…
Significant wedding and holiday demand is expected to fuel jewelry companies’ significant year-over-year revenue increase for the October–December quarter, according to analysts and company reports. By lowering the import tax on gold from 15% to 6% in the FY25 Union Budget, organized players were greatly aided. Kalyan Jewellers said in its quarterly business update on…
In early January 8 trading, the Indian rupee fell 9 paise to a record low of Rs 85.83 versus the US dollar, which is 0.069 percent less than the all-time low of Rs 85.77 reached on January 4. The strengthening of the US dollar and the increase in the price of crude oil caused the…
Natural gas prices fell 3.22% to ₹300.6 on lower heating demand and lower-than-expected output from frozen wells. Daily gas supplies in the eastern United States fell to a six-week low of 102.6 billion cubic feet (Bcf) due to severe cold in the eastern United States, and in January, gas flows to LNG export plants rose…
Oil prices rose on Wednesday due to tightening supplies from Russia and OPEC members and an unexpected increase in U.S. job openings, which suggests expanding economic activity and growth in oil demand. Brent crude was up 37 cents, or 0.5%, at $77.42 a barrel, while U.S. West Texas Intermediate crude climbed 44 cents, or 0.6%,…
Aluminum prices rose 0.06% to ₹238.4 as supply concerns persisted in the LME market. Aluminum production in December was above $40. More metal is set to leave LME warehouses soon. The International Aluminum Institute (IAI) said global primary aluminum production rose 3% year-on-year to 6.04 million tonnes in November. In the first ten months of…
WTI oil prices have continued to decline, trading near $72.90 per barrel during the Asian session on Tuesday. Despite rising energy demand driven by colder weather and China’s economic stimulus efforts, these factors present a complex environment for oil markets. OPEC’s oil production fell in December due to the UAE’s supply cuts, which may support…
Intense selling pressure on Dalal Street on Monday caused major indexes to plummet as worries about third-quarter profits and the recent HMP virus worry grew. With more losses, the 30-share BSE benchmark Sensex fell 1,258.12 points, or 1.59 percent, to settle at 77,964.99. This was below the 78,000 barrier. It fell 1.81 percent, or 1,441.49…
Crude oil prices rose 1.17% to ₹6,373 a barrel, fueled by expectations that China’s central bank will cut interest rates in 2025. Forecasts of cold weather in some places also increased demand for heating oil, pushing up prices in the short term. US oil inventories fell by 1.178 million barrels for the week ended December…
Concerns over the third-quarter earnings season and the high valuations of domestic companies caused foreign investors to withdraw Rs 4,285 crore from Indian stocks during the first three trading days of the month. Data from the depositories indicated that Rs 15,446 crore was invested throughout December. This emotional change coincides with internal and international challenges….
