Commodity News

Brent futures rose $1.13, or 1.1 per cent, to $103.35 a barrel by 0051 ‌GMT, while US West Texas Intermediate crude futures were up $1.08, or 1.2 per cent, at $91.40 a barrel

The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,34,460

Borrowers asked to pledge additional gold or repay loans as lenders monitor LTV breaches amid price correction and rising volatility in the gold market

Mohammed Imran, research analyst at Mirae Asset Sharekhan, maintains the Q2 2026 Brent target of $110/bbl and WTI at $100

Gold April futures on the MCX traded higher by 3.78 per cent at ₹1,44,370 per 10 gm, while silver May futures gained 5.54 per cent to ₹2,36,338 per kg

Spot gold rose 2.5 per cent to $4,587.09 ‌per ounce as of 0218 GMT. US gold futures for April delivery gained 4.2 per cent to $4,586.10

The price of 22-carat gold fell by ₹10, with ten grams of the yellow metal selling at ₹1,30,990

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,24,340

The precious metal of 99.9 per cent purity had closed at Rs 1,43,600 per 10 grams (inclusive of all taxes) on Monday

Oil prices dropped sharply after Trump paused Iran strikes, while Indian LPG tankers crossed the Strait of Hormuz amid supply concerns and disruptions in West Asia

Analysts said crude oil prices rallied in domestic and international markets as investors assessed the impact of rising tensions around the Strait of Hormuz, a key oil transit route

Analysts said the sharp fall came despite escalating tensions in West Asia, as broader macroeconomic factors weighed heavily on precious metal prices

Brent is expected to average $85 a barrel in 2026, up from an earlier forecast of $77, analysts including Daan Struyven said in a note

The decline in the domestic currency, analysts said, reflects a combination of elevated crude prices, persistent foreign outflows, and a structurally strong US dollar

Broader market sentiment was also fragile on Monday as the war in West Asia entered its fourth week with no clear resolution in sight

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,33,790

Bullion plunged as much as 3.8 per cent to near $4,320.30 an ounce, less than a dollar above where it ended last year

The damaged LNG trains represent a structural hole in global supply that no amount of diplomatic goodwill can close before the 2026-27 winter

Brent crude futures dropped 8 cents to $112.11 a barrel ‌by 2324 GMT after settling at the highest since July 2022 on Friday

Gold and silver may stabilise after a sharp fall, with mild recovery likely but gains capped by strong dollar and high interest rates