Petrol nears Rs 91/litre mark in Delhi, above Rs 97 in Mumbai
By Administrator_ India Capital Sands Petrol price on Tuesday neared the Rs 91 per litre mark in the national capital and diesel crossed Rs 81 a litre, as fuel prices were hiked again after a two-day pause. Petrol and diesel prices were raised by 35 paise per litre each, sending retail rates to an all-time high, according to a […]
Oil Up, Brent Futures Close to $60 Mark Over U.S. Stimulus Hopes
By Administrator_ India Capital Sands Oil was up Monday morning in Asia, with supply cuts by key producers and hopes for further U.S. stimulus measures giving the black liquid a boost. Brent oil futures gained 0.54% to $59.88 by 10:51 PM ET (3:51 AM GMT), and is close to topping the $60 mark for the first time since […]
Gold inches down as higher yields outweigh stimulus optimism
By Administrator_ India Capital Sands Gold prices edged lower on Thursday as firmer Treasury yields eclipsed support from a Democrat sweep in Georgia Senate runoffs that boosted hopes for more stimulus. Spot gold eased 0.1% to $1,916.77 per ounce by 0250 GMT, after declining more than 1.5% in the previous session. U.S. gold futures climbed […]
Gold Up After Trump Signs Latest Stimulus Measures
By Administration_ India Capital Sands Gold was up on Monday morning in Asia, boosted by the news that U.S. President Donald Trump signed a long-awaited COVID-19 relief bill into law. Gold futures were up 0.84% at $1,899.05 by 11:23 PM ET (4:23 AM GMT), after jumping 1% earlier. The dollar was down on Monday, also giving […]
Diesel, Petrol prices remain unchanged for 19th straight day
By Administrator_ India Capital Sands Petrol and diesel prices remained unchanged on Thursday, as state-run oil marketing companies held the fuel prices steady. Rates differ from state to state depending on the incidence of VAT. Taxes make up for nearly two-third of the retail selling price. In September, diesel prices saw first reduction since mid-March […]
Gold Heads for First Weekly Drop in Three as Stimulus in Focus
By Administrator _ India Capital Sands Gold’s been trading in a narrow range so far in October amid uncertainty surrounding the prospects of a stimulus deal being passed before the Nov. 3 presidential election. The International Monetary Fund has said that more public spending will be needed to complete the economic recovery from coronavirus. Spot […]
Gold Up Over Sluggish Economic Outlook, Lingering Risk Appetite Caps Gains
By Administrator_India Capital Sands Gold was up on Monday morning in Asia over signs of a slow economic recovery. Gold futures inched up by 0.04% to $1,950.60. U.S. retail sales data released last Friday recorded a lower-than-expected growth of 1.2% month-on-month, compared to the 1.9% expected in forecasts prepared by Investing.com. Japan’s GDP data released earlier […]
Oil Down With OPEC+ Signalling Production Cuts, While U.S.-China Tensions Rise
By Administrator_India Capital Sands Oil was down on Thursday morning in Asia as OPEC announced the easing of production cuts after its Joint Ministerial Monitoring Committee meeting on Wednesday. Starting in August, the group will cut production by 7.7 million barrels per day, compared to the current 9.7 million bpd cut currently in place.” […]
Oil slips as traders eye supply cut easing at OPEC meeting
By Administrator_India Capital Sands Oil slipped in early Asian trade on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up crude prices. Brent crude fell 27 cents to $42.97 a barrel, while U.S. West Texas Intermediate crude was […]
Oil edges up on tighter supply, but demand worries limit gains
By Administrator_India Capital Sands Oil prices nudged higher on Monday on tighter supplies from major producers, but a record rise in global coronavirus cases raised concerns a recovery in fuel demand could stall, checking gains. Brent crude rose 8 cents, or 0.2%, to $42.22 a barrel, while U.S. crude was at $39.93 a barrel, […]