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Petrol crosses Rs 100 in Bengaluru - third metro after Mumbai, Hyderabad
Bengaluru on Friday became the third metro city in the country to see petrol price cross Rs 100 per litre mark after fuel prices were raised yet again. Petrol price was hiked by 27 paise per litre and diesel by 28 paise, according to a price notification of state-owned fuel retailers. The hike -- 26th in less than seven weeks -- pushed fuel prices across the country to new historic highs. In Delhi, petrol hit an all-time high of Rs 96.93 a litre, while diesel is now priced at Rs 87.69 per litre. Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges. And because of this, petrol retails at over Rs 100 per litre mark in eight states and union territories -- Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir and Ladakh. While several districts of Karnataka already had petrol price over Rs 100, state capital Bengaluru reached the mark on Friday. Petrol in the city is now priced at
Some commodities have now wiped out all of their 2021 rally: Here's why
Other commodities that have seen their big rallies evaporate include platinum, while once-surging nickel, sugar and even lumber have faltered.
Gold price today at Rs 47,350 per 10 gm, silver trending at Rs 70,300 a kg
In New Delhi, the price of 22-carat gold was down to Rs 47,000 per 10 gm and in Chennai, it dropped to Rs 45,150.
Oil falls below $72 a barrel following Fed's tilt towards tightening policy
A rise in the dollar reduces the appeal of commodities priced in the currency
Brent may test $78 levels: Bhavik Patel of Tradebulls Securities
With most additional supply being gobbled up very quickly, gas prices will likely stay at elevated levels for the foreseeable future
Gold price today at Rs 47,410 per 10 gm, silver trending at Rs 71,300 a kg
In New Delhi, the price of 22-carat gold was down to Rs 47,500 per 10 gm. In Chennai, it slid to Rs 45,750
Brent could touch $80 as economic recovery picks up: Emkay Wealth
The rise, however, could be capped if the dollar strengthens against major currencies
Gold extends losing streak to fourth day on worries over Fed taper talk
Gold prices fell on Wednesday for a fourth straight session, hurt by a stronger dollar as investors awaited the outcome of the U.S. Federal Reserve's latest meeting
Gold price today at Rs 47,600 per 10 gm, silver trending at Rs 71,500 a kg
In New Delhi, the price of 22-carat gold remained unchanged at Rs 47,650 per 10 gm
Mandatory gold hallmarking from Wednesday, initially in 256 districts: Govt
The Centre on Tuesday said mandatory hallmarking of gold jewellery and artefacts will come into force from June 16 in a phased manner and initially will be implemented in 256 districts of the country. A decision in this regard was taken after a meeting chaired by Consumer Affairs Minister Piyush Goyal with industry stakeholders. In November 2019, the government had announced that hallmarking of gold jewellery and artefacts would be made mandatory across the country from January 15, 2021. But the deadline was extended for four months till June 1 and later till June 15 after the jewellers sought more time in view of the pandemic. Gold hallmarking is a purity certification of the precious metal and has been voluntary in nature so far. "Continuing our government's endeavour for better protection & satisfaction of customers, mandatory hallmarking in 256 districts will be implemented from June 16, 2021. No penalty will be imposed till August 2021," Consumer Affairs Minister Piyush ...
Gold holds near 4-week low with focus on key Federal Reserve meeting
The yield on 10-year Treasuries eased slightly on Monday, following a two-day gain from the lowest since March that damped the appeal of the non-interest-bearing precious metal
Gold prices down for third day as dollar firms ahead of Fed meeting
Spot gold was down 0.2% at $1,861.96 per ounce, as of 0224 GMT, after falling to its lowest since May 17 at $1,843.99 on Monday
Oil prices rise as threat of immediate extra supply from Iran recedes
Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session
Gold price today at Rs 47,760 per 10 gm, silver trending at Rs 71,900 a kg
Gold prices inched up marginally in India despite sliding in the bullion markets amidst the strong dollar
Oil prices extend 3-week gains as demand outlook improves, supplies tighten
Oil prices rose on Monday, extending three weeks of gains that have been underpinned by an improved outlook for fuel demand
Gold price today at Rs 47,730 per 10 gm, silver trending at Rs 72,300 a kg
In New Delhi, the price of 22-carat gold was down to Rs 47,890 per 10 gm
Ethanol blending: India's Rs 50,000 cr bet to cut dependence on foreign oil
About 10 billion liters of ethanol will be required each year to meet the 20% ethanol-blended fuel standard by 2025, India's Oil Secretary Tarun Kapoor
Gold tops $1,900/oz mark as dollar, bond yields dip after US data
US gold futures rose 0.4% to $1,903.90 per ounce.
Oil rally has more room, Brent expected to hit $80 per barrel: Goldman
US investment bank Goldman Sachs expects Brent crude prices to reach $80 per barrel this summer, betting that a recent oil market rally will continue
Gold breaches $1,900 mark as dollar, yields dip after US inflation data
Spot gold was up 0.1% at $1,900.10 per ounce, as of 0518 GMT
Oil prices retreat, but heads for third weekly rise on demand recovery
Brent crude futures fell 16 cents, or 0.22%, to $72.36 a barrel at 0558 GMT, after closing at its highest since May 2019 on Thursday