1 گھنٹے پہلے
Iran offers conditional Hormuz reopening; Brent slips over 2% to near $98 a barrel
Iran has offered to reopen the Strait of Hormuz if the United States eases military pressure, Reuters reported. After the report, Brent crude fell more than 2% to trade near $98 a barrel. The strait carries about 20 million barrels of oil per day and around one-fifth of global LNG trade. A reopening would ease supply concerns, reduce inflation pressure, weigh on oil prices and support gold.
1 گھنٹے پہلے
4 گھنٹے پہلے
India Ganesh Chaturthi gold sales drop 15% as prices jump about 60% to Rs 1.57 lakh per 10 grams
Gold prices in India rose about 60% year on year during Ganesh Chaturthi, climbing from Rs 98,000 to Rs 1.57 lakh per 10 grams. The surge pushed festival gold sales down about 15% from a year earlier as buyers cut quantities or shifted to lighter jewellery. Demand for coins and bars, however, showed signs of improvement as some consumers continued to allocate money to gold.
4 گھنٹے پہلے