Commodities

India launches its first LNG-powered train as Railways targets zero diesel use by 2030

• Amit Shah flagged off India’s first LNG-powered train at Sabarmati Railway Station
• Railways’ diesel consumption has fallen 63% since 2015-16
• The LNG shift and railway investment matter to Indian Railways and natural-gas suppliers

Gold and silver prices fall in Indian retail markets

• Gold and silver prices saw a sharp drop in early trading on September 28
• Gold prices were down across metro cities on September 26

Trump says US is ‘very seriously’ considering diesel export ban to tackle high prices

• The US is seriously considering a diesel export ban amid fuel disruptions and strong overseas demand
• A US export ban could tighten global diesel supply, affecting Indian refiners and fuel users

NMDC commissions ₹5,427 cr iron ore processing project in Chhattisgarh

• NMDC commissioned a ₹5,427 cr integrated iron ore processing project in Chhattisgarh
• Project includes a 135-km slurry pipeline and a 2 MTPA pellet plant at Nagarnar
• The capacity addition is relevant to NMDC and Indian steelmakers reliant on domestic iron ore supply

Oil price rise puts more pressure on government bonds

• Brent traded above $106 a barrel
• 10-year Treasury yields hit 5.2%
• Higher crude and global yields can pressure Indian bonds and rate-sensitive stocks

Petrol, diesel prices today, September 28: How much does fuel cost in Delhi, Mumbai, Bengaluru?

• Oil prices rose more than 1% on Monday after Trump rejected Iran's peace deal
• Higher crude prices may pressure Indian Oil and other fuel retailers if pump prices remain unchanged

Brent crude rises above $106 as Trump rejects Iran’s proposal

• Brent crude was $106.59, up 2.18%, at 9:35 am Monday
• WTI November futures were $94.14, up 1.87%
• Higher crude raises cost pressures for Indian oil marketers, airlines and paint companies

Oil rises as Iran holds to Strait of Hormuz proposal rejected by Trump

• Oil rose as Iran stuck to its seven-day proposal to reopen the Strait of Hormuz
• Trump rejected Iran’s proposal, threatening further delays in reopening the strait
• Higher crude prices pressure Indian oil marketers and raise costs for fuel-consuming sectors

Oil rebounds after Trump rejects Iran peace deal

Gold drops more than 1% on US rate-hike bets

Crude Oil Prices Rise 1% After Trump Rejects Iran Peace Proposal; Brent Near $98, Hormuz In Focus

• WTI fell 2.3% to settle at $92.41 a barrel
• Brent crude rose 1% after Trump rejected Iran's peace proposal; it was near $98
• Higher crude prices raise fuel-cost risks for Indian oil marketers, refiners and airlines

Hormuz Tensions: Iran Hits Back At US Over Strait Control, Points To Oil Price Premium

• Iran proposed a seven-day plan to reopen the Strait of Hormuz; Trump rejected Tehran's conditions
• Oil prices remain elevated amid tensions over control of the strait
• Elevated crude prices raise input-cost risks for Indian oil marketing companies and airlines

Oil Price Today (September 28): Crude oil gains to $106 as Trump rejects Iran deal. Where are prices headed?

• Brent rose $1.65, or 1.50%, to $106 a barrel
• WTI gained 99 cents, or 1.10%, to $93.40 a barrel
• Higher crude prices raise cost pressures for Indian oil marketers, refiners and airlines

Gold prices dip Rs 3,200/10 gram; silver falls Rs 6,700/kg as high oil prices raise rate hike bets. Time to sell?

• MCX gold fell ₹3,200 per 10 grams and silver dropped ₹6,700 per kg
• Higher oil prices raised inflation concerns and expectations of further US rate hikes

Oil prices rebound after Trump rejects peace deal to resolve Iran conflict

• Brent crude rose $1.32, or 1.27%, to $105.64 a barrel
• US West Texas Intermediate gained 70 cents, or 0.76%, to $93.11 a barrel
• Higher crude can pressure Indian fuel retailers, airlines and other oil-consuming sectors

Oil Rises on Geopolitical Risks, Stockpile Decline

• Oil gained amid geopolitical risks and a decline in stockpiles
• Prices are still expected to decline, but the path lower may be more gradual
• Higher crude prices can pressure Indian oil-marketing companies and raise fuel costs

Gold Declines As Hormuz Impasse Keeps Rate-Hike Bets Elevated

• Oil rose after Iran refused to soften its conditions for reopening the Strait of Hormuz
• Trump rejected Iran's seven-day proposal to reopen the waterway
• Higher oil prices threaten margins at Indian fuel retailers and lift inflation risks

Oil heads higher as US-Iran peace talks in stalemate

• Oil prices rebounded more than 1% as Middle East tensions persisted
• Higher crude prices pressure Indian oil marketing companies and airlines through fuel costs

Oil prices climb as Iran holds firm on Hormuz terms and Trump rejects proposal

Oil gains over 1% as Trump rejects Iranian proposal to reopen Hormuz Strait

• Oil prices gained over 1% after Trump rejected Iran's proposal to end the conflict and reopen the Strait of Hormuz
• Higher crude prices raise costs for Indian oil marketers, refiners, airlines and fuel-importing companies

Gold Rate Today: Check 24K, 22K Gold Prices In Mumbai, Delhi, Chennai, Kolkata, Bengaluru On September 28

• 24K gold was Rs 1,51,470 per 10 grams on September 28
• 22K gold was Rs 1,38,848 per 10 grams

Gold slips below ₹1.50 lakh on US-Iran impasse; silver tumbles too

• Comex gold futures fell to around $4,230 per ounce, a seven-week low
• Silver slipped below $62.50 per ounce
• Lower gold prices may weaken collateral values for Indian gold-loan lenders

Gold’s next leg higher faces hurdle as yields rise, Fed rate-hike bets return

Mideast oil exports rebound in September as Saudi Arabia boosts shipments