Page 7 - Rajesh Bhayani

Rebranding MCX on cards; plans afoot to introduce commodities: MD

"We had vibrant potato futures earlier and we are working on its reintroduction," says MD and CEO P S Reddy

Gold demand in India down 18% in Q3; revival hinges on Budget measures

This quarter was crucial because of a fall in demand in the Diwali days in the year-ago equivalent period. However, that failed to boost numbers because of high prices, weak consumer sentiment

Tougher norms for high-value gems and jewellery transactions on cards

Preliminary discussions have taken place, said an informed source. Aadhaar is considered better for this purpose than the idea of a PAN (income tax) number

RBI buys gold for forex reserves after 5 months, now holds 625 tonnes

The RBI buys gold to hedge the government's sovereign gold bond issue, launched in November 2015

Stock of imported edible oil in pipelines, at ports falls to multi-year low

According to data from the Solvent Extractors' Association of India (SEA), the stock of edible oils as on January 1, 2020, at various ports fell to an estimated 860,000 tonnes

In a major reform, Sebi allows stock exchanges to launch 'options on goods'

Sebi has also permitted exchanges to allow option on goods and options on futures with the same underlying commodities simultaneously

BIS notifies good delivery norms for gold, silver and 31 other items

Unlike earlier, gold and silver meeting the Indian standards could now be delivered on exchanges like MCX which deal in their derivatives

A year on, India still waiting for Indonesia to relax sugar import norms

There was a discussion for a two-way deal under which India will give priority to import palm oil from Indonesia against which the latter was offering to buy raw sugar from here

Ultimate price target for gold $4200 per ounce in long term: Chris Wood

With the US-Iran crisis not lacking vigour, gold prices are correcting

Budget 2020: Diamond exporters want relief as export slump continues

Silver jewellery, however, has compensated, with export up 75.36 per cent in these nine months, to $1.02 bn. Gold jewellery export also rose, by 4.9 per cent in those nine months, to $9.3 bn

On hopes of US-Iran de-escalation, Sensex soars 634 points, oil cools off

Standard gold falls over 2.4% to Rs 39,772, biggest drop since Oct 2016

Diamond exports fall sharply on Customs' approach; changing preferences

Polished diamonds and coloured gemstones were big underperformers in this basket. But gold and silver jewellery as well as synthetic gemstones have shown positive trends

Metals sector eyes recovery as prices rise after scraping the bottom

Steel, iron ore firms gain pricing power, hope for demand revival in base metals

US strike on Iran, weak rupee take gold nearer the Rs 40,000 mark

Feb gold goes past 40K on MCX, but spot market remains subdued as consumers shy away from making purchases at high levels

Onions for Rs 100 a kg: Consumers pay price as govt fails to get supplies

Onion prices have been rising for three months after crops were first affected by delayed monsoon and later excessive and prolonged rains in Maharashtra and Karnataka

Better technology helped contain onion crop damage due to erratic monsoon

An ICAR survey has found that traditionally sown onion crops saw a damage of up to 80%

Jewellery association to launch e-commerce platform for gold trading

It will help networking of jewellers with each other and also reduce the marketing cost of jewellery which otherwise is done through costly exhibitions

Nepal's increased bullion import duty to help India reduce smuggling

Smuggling of gold via Nepal borders was not only affecting India but also Nepalese jewellers

Hong Kong protests not all that dazzling for India's jewellery industry

India's gem & jewellery industry exports a third of its diamonds to Hong Kong

Dull gold: Jewellery industry losing sheen for lack of policy, innovations

The lack of a coherent policy and the unwillingness of Indian jewellers to reform are tarnishing the industry