According to the latest update provided by the Central Government, India’s stocks of crude oil, petrol, and diesel are currently at a “comfortable” level. The Ministry of Petroleum states that sales at petrol pumps are proceeding normally without any shortages; therefore, the public need not be alarmed. However, the supply of cooking gas (LPG) remains…
India is expected to see a 3% increase in total foodgrain production, reaching around 349 million tonnes in the 2025–26 crop year, according to the government’s second advance estimates. The rise is mainly driven by record production of wheat, maize (corn), and mustard during the rabi season, while rice and sugarcane output from the kharif…
The price of crude oil in the world market was once as high as $120 per barrel. Now it has come down to around $100. Although it is thought that India will get a big profit due to the low price, it is not so in reality. The reason is that the value of the…
Gold and silver ETFs closed trading in the red for the second consecutive day, failing to properly reflect spot price and futures price movement. Although prices were stable in the domestic market and there was a slight gain in the global market, ETFs faced a sharp fall. Silver ETFs in particular declined by about 2%…
Gold and silver prices are rising again in the global market as the conflict between the United States, Israel, and Iran continues. The growing tensions in West Asia have led investors to increasingly buy gold and silver, which are considered safe-haven assets. In addition, the U.S. dollar index has retreated slightly from its record high,…
The ongoing tension in the Strait, a major route for global oil transportation, has investors worried.Crude oil prices in the international market rose more than 7 percent in a single day on Monday. US crude oil prices rose 7.4 percent to $71.97 a barrel, while Brent crude oil prices rose 7.7 percent to $78.46. However,…
If the tension between the United States and Iran increases, the oil market will be affected first, because Iran is a major oil supplier to the world and most of its oil passes through the Strait of Hormuz. If there is a problem in that area, the fear of a shortage of oil supply arises…
The bank now expects copper prices to reach $15,000 per metric ton by March 2027. It continues to have a positive view on copper and recommends investors keep long positions. Although copper prices have paused recently after rising, UBS believes prices will continue to increase each year. High price levels are expected to remain through…
Gold prices fell on Tuesday. After four consecutive days of gains and touching a three-week high, investors took profits. At the same time, a slight rise in the US dollar pressured gold prices. In the previous trading day, gold prices rose about 2.5% due to uncertainty over US trade policy. The US Dollar Index rose…
The Supreme Court of the United States has given a landmark ruling on the import tariffs imposed by US President Donald Trump. Trump had used the Emergency Economic Power Act of 1977 to impose extra taxes on goods coming from many countries. As a result, the US government has reportedly collected about $134 billion. In…
