GCM Commodity & Derivatives News

11 Indian Energy Vessels Stranded Near Hormuz Strait

Indian government official reports four crude oil vessels, six LPG ships, and one LNG carrier stranded west of the Strait of Hormuz, highlighting potential supply chain disruptions.

India Expects 92,000 Tons LPG Shipment March 16-17

Indian government official confirms vessels carrying 92,000 tons of LPG are scheduled to arrive on March 16-17, addressing domestic energy supply requirements.

Gold Import Price Cut by $12 to $1652 Per 10 Grams

Government reduces gold import price from $1664 to $1652 per 10 grams, marking a $12 decrease that could impact domestic gold pricing and import dynamics in the precious metals market.

Government Raises Silver Base Import Price by $20/KG

The government has increased the silver base import price to $2,820 per kg from the previous level of $2,800 per kg, marking a $20 increase in the benchmark pricing for silver imports.