#crude-oil-price-stabilization

Bitcoin Price Dips to $83,687 Amid ETF Outflows; Crypto Market Volatility Rises
Bitcoin prices showed minor declines across major exchanges on Monday, March 17, reflecting losses of under 2 percent. On CoinMarketCap, Bitcoin was trading at $83,687 (approx. Rs. 72.6 lakh) on global platforms. Meanwhile, on Indian exchanges like CoinSwitch and Giottus, the asset’s value fluctuated between $83,810 (approx. Rs. 72.7 lakh) and $87,506 (approx. Rs. 76 lakh). The leading cryptocurrency’s sluggish performance has persisted for over two weeks following a price dip ear
Bitcoin Price Dips to $83,687 Amid ETF Outflows; Crypto Market Volatility Rises
Bitcoin prices showed minor declines across major exchanges on Monday, March 17, reflecting losses of under 2 percent. On CoinMarketCap, Bitcoin was trading at $83,687 (approx. Rs. 72.6 lakh) on global platforms. Meanwhile, on Indian exchanges like CoinSwitch and Giottus, the asset’s value fluctuated between $83,810 (approx. Rs. 72.7 lakh) and $87,506 (approx. Rs. 76 lakh). The leading cryptocurrency’s sluggish performance has persisted for over two weeks following a price dip ear

White House Crypto Summit Ends With Mixed Reactions as Bitcoin Drops
The first-ever White House crypto summit left some investors disappointed as Bitcoin prices dipped. While the event marked a shift in U.S. policy toward digital assets, the lack of strong commitments led to uncertainty. Crypto Industry Hopes for Stronger Support The White House hosted its first-ever cryptocurrency summit, bringing together top executive
White House Crypto Summit Ends With Mixed Reactions as Bitcoin Drops
The first-ever White House crypto summit left some investors disappointed as Bitcoin prices dipped. While the event marked a shift in U.S. policy toward digital assets, the lack of strong commitments led to uncertainty. Crypto Industry Hopes for Stronger Support The White House hosted its first-ever cryptocurrency summit, bringing together top executive

AP Government Marginally Increases Liquor Prices, Clarifies Excise Minister
The Andhra Pradesh Excise Department recently implemented a marginal increase in the prices of certain liquor products, prompting immediate reactions from political leaders. YSR Congress Party (YCP) leaders accused the AP government of committing a major mistake by raising liquor prices. However, Excise Minister Kollu Ravindra swiftly countered these claims. Minister Ravindra clarified that the price hike only affects hard liquor, and even then, it is a modest ₹10 in
AP Government Marginally Increases Liquor Prices, Clarifies Excise Minister
The Andhra Pradesh Excise Department recently implemented a marginal increase in the prices of certain liquor products, prompting immediate reactions from political leaders. YSR Congress Party (YCP) leaders accused the AP government of committing a major mistake by raising liquor prices. However, Excise Minister Kollu Ravindra swiftly countered these claims. Minister Ravindra clarified that the price hike only affects hard liquor, and even then, it is a modest ₹10 in

Gold Prices Hit Record High of Rs 83,750 per 10 Gram Amid Strong Demand
Gold prices in Delhi hit an all-time high of Rs 83,750 per 10 gram on Wednesday, marking a significant rise of Rs 910 from the previous trading session. The surge was attributed to increased demand from jewellers and retailers. The 99.9% purity gold, which had closed at Rs 82,840 per 10 gram on the previous day, experienced a sharp rise, continuing its upward momentum seen earlier this year. From January 1, gold has jumped Rs 4,360 or 5.5%, reflecting a steady demand for the precious metal.
Gold Prices Hit Record High of Rs 83,750 per 10 Gram Amid Strong Demand
Gold prices in Delhi hit an all-time high of Rs 83,750 per 10 gram on Wednesday, marking a significant rise of Rs 910 from the previous trading session. The surge was attributed to increased demand from jewellers and retailers. The 99.9% purity gold, which had closed at Rs 82,840 per 10 gram on the previous day, experienced a sharp rise, continuing its upward momentum seen earlier this year. From January 1, gold has jumped Rs 4,360 or 5.5%, reflecting a steady demand for the precious metal.

Amul Slashes One-Litre Milk Prices Across India by Rs 1
The Gujarat Cooperative Milk Marketing Federation (GCMMF), known for marketing dairy products under the Amul brand, has reduced the price of its one-litre milk packs across India by Rs 1. The new prices are now Rs 67 for Amul Gold and Rs 55 for Amul Taaza per litre in Delhi, compared to their previous prices of Rs 68 and Rs 56, respectively. This reduction applies only to one-litre packs and not to half-litre variants, with the aim to encourage consumers to buy larger packs of milk.
Amul Slashes One-Litre Milk Prices Across India by Rs 1
The Gujarat Cooperative Milk Marketing Federation (GCMMF), known for marketing dairy products under the Amul brand, has reduced the price of its one-litre milk packs across India by Rs 1. The new prices are now Rs 67 for Amul Gold and Rs 55 for Amul Taaza per litre in Delhi, compared to their previous prices of Rs 68 and Rs 56, respectively. This reduction applies only to one-litre packs and not to half-litre variants, with the aim to encourage consumers to buy larger packs of milk.

Trump’s Economic Policies and Trade Stance Face Challenges, Experts Say
US President Donald Trump's economic policies are facing significant challenges, according to market experts like Ramesh Damani and Samir Arora. While Trump has made bold promises, including ramping up US oil production and taking a tough stance on trade with countries like China, the actual implementation of these policies is likely to be constrained by governance realities. Damani pointed out that Trump's ambitious goal of increasing US crude oil production by three millio
Trump’s Economic Policies and Trade Stance Face Challenges, Experts Say
US President Donald Trump's economic policies are facing significant challenges, according to market experts like Ramesh Damani and Samir Arora. While Trump has made bold promises, including ramping up US oil production and taking a tough stance on trade with countries like China, the actual implementation of these policies is likely to be constrained by governance realities. Damani pointed out that Trump's ambitious goal of increasing US crude oil production by three millio

Gold Prices Rise by Rs 250 to Rs 80,550 per 10 Grams Amid Weakening Rupee
Gold prices saw an increase of Rs 250, reaching Rs 80,550 per 10 grams in the national capital on Friday. This rise in prices was driven by continuous demand from retailers and stockists, as well as the weakening of the Indian rupee, which hit a record low. The previous day, gold had been priced at Rs 80,300 per 10 grams, according to the All-India Sarafa Association. Silver prices, however, remained unchanged at Rs 93,000 per kg. Gold of 99.5% purity continued its upward trajectory
Gold Prices Rise by Rs 250 to Rs 80,550 per 10 Grams Amid Weakening Rupee
Gold prices saw an increase of Rs 250, reaching Rs 80,550 per 10 grams in the national capital on Friday. This rise in prices was driven by continuous demand from retailers and stockists, as well as the weakening of the Indian rupee, which hit a record low. The previous day, gold had been priced at Rs 80,300 per 10 grams, according to the All-India Sarafa Association. Silver prices, however, remained unchanged at Rs 93,000 per kg. Gold of 99.5% purity continued its upward trajectory

Crypto Market Sees Losses; Bitcoin and Ethereum Dip on December 30
On December 30, the cryptocurrency market saw a decline in most assets, including Bitcoin, which experienced a minor dip of under one percent. According to CoinMarketCap, Bitcoin was trading at $93,197 (approximately Rs. 79.6 lakh) on international exchanges, while Indian exchanges such as Giottus and CoinDCX showed the price at around $101,719 (approximately Rs. 86.9 lakh). Despite the pullback, Bitcoin remained above its 200-day moving average, signaling strong buying interest. The next res
Crypto Market Sees Losses; Bitcoin and Ethereum Dip on December 30
On December 30, the cryptocurrency market saw a decline in most assets, including Bitcoin, which experienced a minor dip of under one percent. According to CoinMarketCap, Bitcoin was trading at $93,197 (approximately Rs. 79.6 lakh) on international exchanges, while Indian exchanges such as Giottus and CoinDCX showed the price at around $101,719 (approximately Rs. 86.9 lakh). Despite the pullback, Bitcoin remained above its 200-day moving average, signaling strong buying interest. The next res

Snack Prices Rise as Palm Oil and Potato Costs Soar
Snack prices are feeling the impact of rising palm oil and potato costs, pushing many packaged food products to become more expensive. While domestic supply issues have caused potato prices to spike, global disruptions and increased import duties have made palm oil—a key ingredient in many snacks—costlier. As of recent reports, palm oil prices have hit their highest in over two years, with an all-India average price of Rs 130.5 per kg. Snack manufacturers, including Bika
Snack Prices Rise as Palm Oil and Potato Costs Soar
Snack prices are feeling the impact of rising palm oil and potato costs, pushing many packaged food products to become more expensive. While domestic supply issues have caused potato prices to spike, global disruptions and increased import duties have made palm oil—a key ingredient in many snacks—costlier. As of recent reports, palm oil prices have hit their highest in over two years, with an all-India average price of Rs 130.5 per kg. Snack manufacturers, including Bika

Gold Price Today: Rs 77,170 Amid Global Volatility
As of 6:50 a.m. today, gold prices stood at Rs 77,170 per 10 grams, according to the India Bullion Association. This represents a slight dip from the highs seen on Monday when prices had briefly climbed after falling from Rs 79,100 on Friday. The price of gold had reached its highest level for the month on December 11 before experiencing a drop of over Rs 1,000 on Monday. Compared to November's peak of Rs 78,060 on Nov. 23, the current price of gold reflects the ongoing volatility in the
Gold Price Today: Rs 77,170 Amid Global Volatility
As of 6:50 a.m. today, gold prices stood at Rs 77,170 per 10 grams, according to the India Bullion Association. This represents a slight dip from the highs seen on Monday when prices had briefly climbed after falling from Rs 79,100 on Friday. The price of gold had reached its highest level for the month on December 11 before experiencing a drop of over Rs 1,000 on Monday. Compared to November's peak of Rs 78,060 on Nov. 23, the current price of gold reflects the ongoing volatility in the

Gold Hits Record Highs in 2024, Outperforms Global Assets
Gold has experienced a remarkable rise in 2024, reaching 40 new record highs year-to-date and appreciating by over 28%. According to the World Gold Council (WGC), this surge has made gold the best-performing asset class globally, surpassing US stocks, emerging market stocks, US bonds, and even US currency. In the third quarter of 2024, gold demand exceeded $100 billion for the first time, showcasing its robust market position. Looking ahead to 2025, the direction of the US Federal R
Gold Hits Record Highs in 2024, Outperforms Global Assets
Gold has experienced a remarkable rise in 2024, reaching 40 new record highs year-to-date and appreciating by over 28%. According to the World Gold Council (WGC), this surge has made gold the best-performing asset class globally, surpassing US stocks, emerging market stocks, US bonds, and even US currency. In the third quarter of 2024, gold demand exceeded $100 billion for the first time, showcasing its robust market position. Looking ahead to 2025, the direction of the US Federal R

Russia and Reliance Sign $13 Billion Energy Deal for Crude Supply
In a landmark energy agreement, Russia’s state oil company Rosneft has committed to supply 500,000 barrels of crude oil per day to India’s Reliance for the next 10 years, worth approximately $13 billion annually. This deal represents about 0.5% of global oil supply and strengthens energy relations between India and Russia, especially as Russia faces intense Western sanctions due to its invasion of Ukraine. The deal is set to begin in January and will involve monthly deli
Russia and Reliance Sign $13 Billion Energy Deal for Crude Supply
In a landmark energy agreement, Russia’s state oil company Rosneft has committed to supply 500,000 barrels of crude oil per day to India’s Reliance for the next 10 years, worth approximately $13 billion annually. This deal represents about 0.5% of global oil supply and strengthens energy relations between India and Russia, especially as Russia faces intense Western sanctions due to its invasion of Ukraine. The deal is set to begin in January and will involve monthly deli

India's Inflation Drops to 5.48% in November Amid Rising Food Prices
India's inflation rate, based on the Consumer Price Index (CPI), moderated to 5.48% in November, down from 6.21% in October, according to the Ministry of Statistics and Programme Implementation. This easing, however, is still above the Reserve Bank of India's (RBI) target of 4%, with food prices continuing to drive inflationary pressure. The food inflation rate surged by 9.04%, continuing its trend of high costs. Economists had forecast a median inflation estimate of 5.5% fo
India's Inflation Drops to 5.48% in November Amid Rising Food Prices
India's inflation rate, based on the Consumer Price Index (CPI), moderated to 5.48% in November, down from 6.21% in October, according to the Ministry of Statistics and Programme Implementation. This easing, however, is still above the Reserve Bank of India's (RBI) target of 4%, with food prices continuing to drive inflationary pressure. The food inflation rate surged by 9.04%, continuing its trend of high costs. Economists had forecast a median inflation estimate of 5.5% fo

Oil Prices Rangebound Ahead of OPEC+ Decision and Trump Risks
Oil prices have shown remarkable stability, remaining in a narrow range since mid-October, with West Texas Intermediate (WTI) crude fluctuating around $70 per barrel. This rangebound trend has been characterized by a significant drop in volatility, with recent levels at their lowest since August. Despite ongoing geopolitical risks, such as the tensions between Iran and Israel and the potential impacts of a second Donald Trump presidency, traders have remained cautious. The market's curren
Oil Prices Rangebound Ahead of OPEC+ Decision and Trump Risks
Oil prices have shown remarkable stability, remaining in a narrow range since mid-October, with West Texas Intermediate (WTI) crude fluctuating around $70 per barrel. This rangebound trend has been characterized by a significant drop in volatility, with recent levels at their lowest since August. Despite ongoing geopolitical risks, such as the tensions between Iran and Israel and the potential impacts of a second Donald Trump presidency, traders have remained cautious. The market's curren

Finance Ministry to Review Windfall Tax on Fuel Exports as Crude Prices Stabilize
The Finance Ministry is set to review the windfall tax on fuel exports, including petrol, diesel, and Aviation Turbine Fuel (ATF), following the stabilization of global crude oil prices. The tax, introduced in July 2022, was implemented to address the substantial profits earned by oil refiners exporting fuel, which had an impact on domestic supplies. The review will assess the tax’s effectiveness and the revenue it has generated, with the Ministry of Petroleum and Natural Gas already re
Finance Ministry to Review Windfall Tax on Fuel Exports as Crude Prices Stabilize
The Finance Ministry is set to review the windfall tax on fuel exports, including petrol, diesel, and Aviation Turbine Fuel (ATF), following the stabilization of global crude oil prices. The tax, introduced in July 2022, was implemented to address the substantial profits earned by oil refiners exporting fuel, which had an impact on domestic supplies. The review will assess the tax’s effectiveness and the revenue it has generated, with the Ministry of Petroleum and Natural Gas already re

Bitcoin's Longest Losing Streak Since Trump’s Election as $100K Target Fades
Bitcoin recently saw its longest losing streak since the 2016 US election, as its attempt to break the $100,000 price barrier failed, cooling the initial speculative fervor sparked by Donald Trump’s embrace of cryptocurrencies. The digital asset dropped about 6% over three days, bringing its value to $94,000 by Tuesday morning in London. This was part of a broader cooling in the crypto market, which had surged by $1 trillion since Election Day, but struggled to maintain momentum.
Bitcoin's Longest Losing Streak Since Trump’s Election as $100K Target Fades
Bitcoin recently saw its longest losing streak since the 2016 US election, as its attempt to break the $100,000 price barrier failed, cooling the initial speculative fervor sparked by Donald Trump’s embrace of cryptocurrencies. The digital asset dropped about 6% over three days, bringing its value to $94,000 by Tuesday morning in London. This was part of a broader cooling in the crypto market, which had surged by $1 trillion since Election Day, but struggled to maintain momentum.