Brent crude futures fell 20 cents, or 0.2%, to $86.46 a barrel by 0435 GMT while U.S. West Texas Intermediate crude was at $79.57 a barrel, down 11 cents, or 0.1%.
Vedanta is present in both ferrous and non-ferrous businesses, including oil and gas, making it highly vulnerable to commodity prices and economic cycles
Rahul Kalantri, VP Commodities, Mehta Equities expects gold and silver to remain volatile this week ahead of the Union Budget and the US Fed meeting outcome. "Gold has support at Rs 56,750-56,610, while resistance is at Rs 57,140, 57,280. Silver has support at Rs 67,850-67,320, while resistance is at Rs 68,950–69,480," he added.
According to Geojit , Barring coriander other spices were down on NCDEX on Wednesday. Jeera futures hit its lowest level in about four weeks.
Petrol and diesel are priced at Rs 102.63 per litre and Rs 94.24 per litre respectively in Chennai, and at Rs 106.03 a litre and Rs 92.76 a litre in Kolkata, respectively.
Higher contribution from value-added products and operating leverage along with price hikes will lead to recovery in earnings
Manoj Kumar Jain, Prithvi Finmart Commodity Research, expects gold and silver to remain volatile ahead of the US PCE price index data to be released later in the day
According to Geojit , Barring coriander other spices were down on NCDEX on Wednesday. Jeera futures hit its lowest level in about four weeks.
Brent futures gained 30 cents, or 0.3%, to $87.66 a barrel by 0113 GMT, while U.S. crude rose 21 cents to $81.22 per barrel, a 0.3% gain.
Brent futures rose $1.18, or 1.4%, to $87.30 a barrel by 11:42 a.m. EST (1642 GMT), while U.S. West Texas Intermediate (WTI) crude rose $1.12, or 1.4%, to $81.27.
India’s crude imports rose to a record last year, although increased buying of Russian barrels has crimped flows from OPEC.
Brent crude futures dipped 4 cents, or 0.1%, to $86.08 per barrel by 0400 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 18 cents, or 0.2%, to $80.33.
Last week, food secretary Sanjeev Chopra said prices of wheat and atta had increased in the retail market and the government was exploring all options to control the rates.
Incentives for development of infrastructure for storing and transporting agri products could become a game-changer. Also, programs to help increase crop yields and diversify income sources may get a leg up.
Manoj Kumar Jain, Prithvi Finmart Commodity Research suggests buying gold on dips around Rs 56800 with a stop loss of Rs 56650 for target of Rs 57100.
Brent crude futures gained 59 cents, or 0.7%, to $86.72 per barrel by 0214 GMT after falling 2.3% in the previous session. U.S. West Texas Intermediate (WTI) crude futures rose 46 cents, or 0.6%, to $80.59 per barrel, having dropped 1.8% on Tuesday.
Petrol and diesel in Delhi cost Rs 96.72 per litre and Rs 89.62 a litre, respectively. In Mumbai, petrol is being sold for Rs 106.31/litre and diesel for Rs 94.27/litre.
Gold prices hit an all-time high. What is the forecast for gold in 2023? Catch Manisha Gupta live on Commodities.
Manoj Kumar Jain, Prithvi Finmart Commodity Research expects both precious metals to remain volatile in today’s session but gold is expected to hold its key support level of $1900 per troy ounce and continue to get support at lower levels.
According to Geojit , Mixed moves were witnessed in NCDEX spices complex on Friday. Jeera and turmeric futures stretched losses, while coriander April futures ended in green, paring initial losses.
Brent crude had risen 5 cents to $88.24 per barrel by 0116 GMT, while U.S. West Texas Intermediate (WTI) crude rose 13 cents to $81.75 per barrel.
Petrol and diesel in Delhi cost Rs 96.72 per litre and Rs 89.62 a litre, respectively. In Mumbai, petrol is being sold for Rs 106.31/litre and diesel for Rs 94.27/litre.
Globally, gold was trading 0.32 per cent lower at USD 1,938.60 per ounce in New York.
Prospects of a looming slowdown in the US, cooling inflation and labour market coupled with a Fed pivot are likely to continue bolstering gold prices, says Ravindra V Rao of Kotak Securities
"Next year may not be as volatile as current financial year," said Seshagiri Rao, joint managing director and group chief financial officer (CFO) for JSW Steel, commenting on how domestic steel prices are looking up in India and demand is very robust. Rao also speaks about capital expenditure plans, scouting for coal mines and releasing steel inventory.