Here are the latest developments in commodity prices in India as of 2:40 PM:
**Gold**: The price of gold is currently at ₹59,185.00 per 10 grams, showing a decrease of ₹58.00 (-0.10%). Gold remains a significant asset in the investment world, and its price is closely watched by investors for its safe-haven appeal.
**Silver**: Silver prices have dipped to ₹73,211.00 per kilogram, marking a decrease of ₹234.00 (-0.32%). Silver, often known as “poor man’s gold,” is used in various industries and is sensitive to economic factors.
**Crude Oil**: The price of crude oil in India stands at ₹7,148.00 per barrel, reflecting a substantial decrease of ₹70.00 (-0.97%). Crude oil prices are influenced by global supply and demand dynamics, as well as geopolitical events.
**Natural Gas**: Natural gas prices remain stable at ₹216.20 per million British thermal units (MMBTU), with no change observed at this moment. Natural gas is a crucial energy source for various sectors, including power generation and industrial use.
**Aluminium**: Aluminium prices have risen to ₹201.85 per kilogram, showing an increase of ₹1.15 (0.57%). Aluminium is a vital industrial metal used in various applications, including construction and transportation.
These price movements are a result of various factors, including global economic conditions, supply and demand dynamics, and market sentiment. Investors and traders should stay informed about these changes as they can impact investment decisions and trade strategies.
Please note that commodity prices can be highly volatile and subject to rapid fluctuations, so it’s crucial to keep a close eye on market developments and expert analysis for a comprehensive understanding of the market’s dynamics.
