Gold trading at Rs 51,980 per 10 gm today; silver selling at Rs 61,500 a kg

The price of 10 gram of 24 carat gold on Friday went down by Rs 270 to trade at Rs 51,980

3h

India asks power producers to seek weekly payments to manage coal imports

NEW DELHI (Reuters) - India has asked power producers to bill electricity buyers every week to ensure adequate cash flow as costs surge due to higher imports of expensive coal, according to a federal power ministry letter seen by Reuters.

11h

Oil prices jump 3% to 2-month high as EU seeks to ban Russian supply

NEW YORK (Reuters) -Oil prices rose about 3% to a two-month high on Thursday on signs of tight supply ahead of U.S. summer driving season, as the European Union (EU) wrangled with Hungary over plans to ban crude imports from Russia over its invasion of Ukraine.

11h

Oil price climbs on tight supply, prospect of EU ban on Russian supply

LONDON (Reuters) -Oil prices rose on Thursday, extending a cautious rally this week on signs of tight supply while the European Union (EU) wrangles with Hungary over plans to ban imports from Russia, the world's second-largest crude exporter, after it invaded Ukraine.

17h

10 gm of gold selling at Rs 52,250, silver trading at Rs 62,000 a kg

The price of gold vary for different regions based on certain parameters such as the excise duty, making charges and the state taxes

1d

RBI issues norms for gold import by qualified jewellers through IIBX

The RBI on Wednesday came up with norms for facilitating physical import of gold through India International Bullion Exchange IFSC (IIBX) or similar authorised exchange by Qualified Jewellers

1d

Oil price edges higher on tight supply and expected demand uplift

LONDON (Reuters) -Oil prices rose on Wednesday, buoyed by tight supplies and the prospect of rising demand from the summer driving season in the United States, the world's biggest crude consumer.

1d

India's palm oil imports may hit 11-yr low of 6.7 mn tonnes as soyoil rises

MUMBAI (Reuters) -India's palm oil imports could drop by nearly a fifth as now cheaper soyoil takes more market share, following Indonesia's curbs on palm oil exports and New Delhi allowing duty-free imports of soyoil, dealers said.

1d

Gold selling at Rs 52,090 per 10 gm today; silver trading at Rs 61,600 a kg

The price of gold went up by Rs 600 per 10 gram from the previous day's rate

2d

Govt notifies norms for allocation of TRQ for crude soybean, sunflower oils

The govt has exempted customs duty and agriculture infrastructure development cess on 20 lakh metric tonnes yearly import of crude soyabean oil and crude sunflower oil each, to ease domestic prices

2d