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

Explained - The good, bad and ugly about the decline in Gold imports by Kotak Institutional Equities

• India’s official monthly gold imports have declined sharply since May 2026
• Domestic gold prices have remained broadly stable
• Lower gold imports may affect jewellery demand and listed jewellery companies

Commodity Corner: Oil rebounds on middle east tensions, gold extends decline

Gold Falls on Expectations of Higher for Longer Fed Rates

• Gold fell as higher oil prices and strong US industrial activity bolstered expectations of tighter Fed policy

PRECIOUS-Fed tightening bets weigh on gold prices

• Gold prices fell as higher oil prices stoked inflation fears and expectations of further rate hikes
• Gold weakness may weigh on Indian gold ETFs and jewellery stocks

Gold, Silver rate today live updates: Gold drops more than 2% as oil surge boosts US rate hike bets

Gold, silver prices tumble up to 2.8%: What investors should watch this week

• Gold and silver prices fell up to 2.8%
• Rising oil, a stronger US dollar and higher bond yields pressured prices
• Lower bullion prices may pressure Indian gold and silver producers

Import duty cut on sunflower oil has a significant Russian backdrop

• Sunflower oil import-duty cuts intersect with India’s growing edible-oil import dependence
• The issue may complicate New Delhi’s ties with Moscow and Washington
• Import-duty changes affect edible-oil costs, with implications for Indian consumers and food companies

Gold tumbles to near $4,200 as hawkish Fed signals and stronger US Dollar pressure bullion

Festive shopping to pinch as Iran war sets AC, TV prices on fire

Fed tightening bets weigh on gold prices

• Fed tightening bets are weighing on gold prices
• Lower gold prices may pressure Indian gold-loan lenders and jewellery stocks

Gold Tilts Lower as Iran Impasse Continues to Fan Rate-Hike Bets

• Gold was set to end the week lower as elevated energy prices lifted bond yields and rate-hike bets
• The report links the pressure on gold to the continuing Iran impasse
• Higher energy costs and yields pressure Indian gold demand and jewellery stocks

Oil Prices Rise Again: Trump rejects Iran proposal; markets stay volatile

• Oil prices surged on Monday after Trump rejected Iran's peace proposal
• Higher crude can raise input costs for Indian fuel retailers, airlines and other oil consumers

Coal stocks worsen as 77 thermal power plants face critical inventories

• 77 thermal power plants face critical coal inventories
• Coal stocks cover just seven days and stand at 37 per cent of requirement
• Low coal inventories raise supply risks for Indian power generators, including NTPC and other thermal utilities

Demand estimate of fertilizer for Rabi 2026-27 may be 2 LT higher

• Rabi 2026-27 fertiliser demand may rise by 2 lakh tonnes to nearly 350 lakh tonnes
• Urea is expected to lead demand amid mixed monsoon impact and policy focus
• Higher fertiliser demand may support domestic producers including Chambal Fertilisers and Coromandel International

Gold, Silver Face Another Choppy Spell This Week As US Data, West Asia Tensions Take Centre Stage: Analysts

• Gold and silver face another choppy week as US data and West Asia tensions take centre stage
• A sustained rise in the dollar index above 101 could add pressure on bullion
• Bullion volatility affects Indian gold and silver investors and jewellery companies

India to continue diesel exports despite possible US ban amid tightening global fuel market

Edible oil duty cut may boost snack makers’ margins

Bihar’s ₹21,000 crore mineral reserves may generate over ₹5,000 crore annual revenue, says report

• Bihar mineral reserves are valued at over ₹21,000 crore
• Reserves may generate over ₹5,000 crore in annual revenue
• Potential mining expansion may benefit Indian metals and mining companies

REI Expo 2026 expected to draw over ₹2,800 crore for bioenergy

• The expo is expected to attract over ₹2,800 crore in bioenergy investment
• REI Expo 2026 runs October 22–24 in Greater Noida
• The proposed investment highlights opportunities for Indian bioenergy and renewable-energy businesses

US diesel ban: Why cheaper diesel could come with a gasoline price shock

• A potential US diesel-export restriction could initially lower domestic diesel prices as supply rises
• The restriction may ultimately cause gasoline prices to rise
• Fuel-price shifts could affect Indian refiners, fuel retailers and transport companies

Gold and silver outlook: Job data, crude and more in focus to guide bullion this week

• US jobs and inflation data are in focus for gold and silver markets this week

Bullion may stay volatile as US data, W Asia tensions take focus: Analysts

• Gold and silver may remain volatile as US data and West Asia tensions test sentiment

A 'legendary' rice variety

• Improved Kalanamak rice varieties boost yields, while rising demand lifts its value for farmers

Ethanol sector not competing for maize with any sector, says distillers’ association

• The distillers’ association says ethanol production uses coarse cereals to create value for Indian agricultural resources and support energy security
• Ethanol demand matters to sugar producers and agricultural commodity suppliers