Commodities

Brent crude hovered near $111 a barrel after gaining roughly 2.8% in the previous session, while West Texas Intermediate (WTI) traded just above $99.

This marks the highest level since June 2022. Brent has seen an eighth straight session of gains as concerns over global supply intensify.

The price is given directly by MCX and is devoid of markups, hidden spreads and surprises.

Stock Market Today: Intraday, the Nifty 50 reclaimed 24,300, rising 1.4%, and the BSE Sensex added over 1,000 points or 1.4% to just below 78,000.

Domestic gold prices have nearly doubled since the start of 2025, while India's benchmark Nifty 50 has risen just 2.4% during the same period, making gold an increasingly compelling alternative for Indian investors.

The MCX gold May futures contract rose marginally, costing Rs 1,48,649 per 10 grams, while the MCX silver May futures rose 0.52% to Rs 2,38,578 per kg.

About 20% of the world's oil and natural gas is unable to pass through the Persian Gulf, forcing countries including Iraq, Kuwait and Qatar to shut down production and pushing customers — particularly in Asia — to compete for supplies elsewhere by bidding up prices.

South Korea's Kospi recovered opening losses to trade 0.2% higher, just a few points below the record level reached in the previous session.

Stock Market Live Updates: The Nifty 50 settled 97 points or 0.4% lower at 23,995.70. The BSE Sensex shed 416.72 points or 0.5% to close at76,886.91.

While some markets like South Korea and Taiwan are tied to the AI boom, Yardeni sees India as a standout — albeit one currently constrained by high oil prices.

MCX gold May futures contract was 0.01% up at Rs 1,50,208 per 10 grams, while the MCX silver May futures dropped 0.25% to Rs 2,41,226 per kg.

Check gold, silver prices in Mumbai, Bengaluru, Chennai, Hyderabad, Delhi, Kolkata and other cities on April 28.

South Korea's benchmark Kospi clinched another record high after surging 1.3%. Japan's blue-chip Nikkei 225 Index declined 0.6% to below 60,200.

Fuel prices in India depend on several factors, with global crude oil prices being the most significant as crude is the primary raw material used to produce petrol and diesel.

Brent crude for June settlement was unchanged at $108.23 a barrel, with the more active July contract at $101.95, while WTI for June delivery rose 0.3% to $96.65.

Global copper demand outlook for 2026 is cut from 2.1% as Middle East conflicts and trade disruptions spark economic uncertainty.

MCX gold May futures contract rose marginally 0.07% to Rs 1,51, 387 per 10 grams, while the MCX silver May futures fell 0.26% to Rs 2,44,001 per kg.

The Nifty ended 0.8% higher to close above the 24,000 mark.The Sensex also gained 0.8%, rising over 600 points to settle at 77,303.

Brent is expected to average $90 a barrel in the fourth quarter, up from a previous outlook for $80.

Gold and silver prices edged lower amid a stronger US dollar and rising oil prices, with precious metals facing potential selling pressure this week due to US-Iran talks and the Fed policy decision.