Page 105 - Commodity News

Oil extends gains by over $1 as risk appetite improves, US inventories fall

Oil rose more than $1 a barrel on Thursday, extending gains from the previous session, buoyed by improved risk appetite among investors as lower crude inventories and a rebound in gasoline demand

Gold rates fall today, price of silver rises by Rs 100 to Rs 54,600 per kg

10 gram of 22-carat gold is trading at Rs 46,450 today after a fall of Rs 130

CIL earns revenue worth over Rs 1.52 trn from coal sales in FY22: Govt

State-owned CIL has earned revenue worth over Rs 1.52 lakh crore from coal sales in financial year 2021-22, Parliament was informed on Wednesday.

Gold, silver rates go down today; yellow metal selling at Rs 50,780 per kg

Gold prices in today's early trade went down by Rs 380 per 10 gram as 24-carat of the yellow metal is currently trading at Rs 50,780

Gold price stalls as pre-Federal Reserve verdict jitters grip investors

Spot gold was flat at $1,719.49 per ounce by 1438 GMT. U.S. gold futures were little changed at $1,719.10.

Gold prices unchanged at Rs 51,160/10 gm; silver rates down by Rs 200 a kg

Gold prices in Tuesday's early trade remained unchanged

Double the pain for Surat diamond industry as demand falls, costs rise

Western markets fear recession and domestic business is uncertain ahead of festival season later this year

Oil extends losing streak on fears Fed hike will dampen fuel demand

Oil prices dropped on Monday, extending a recent losing streak on concerns that an expected rise in US interest rates would weaken fuel demand

Gold, silver remain unchanged today; yellow metal at Rs 51,160 per 10 gm

Silver is selling at Rs 55,100 per kg today

Goyal calls for private sector's contribution in boosting cotton production

Union Commerce and Industry Minister Piyush Goyal on Sunday called for the contribution of the private sector in promoting research in productivity and branding of the product

'Deficit in paddy coverage to be recovered with monsoon progressing fast'

Agriculture commissioner A K Singh has said there is a slight deficit in paddy coverage in the ongoing kharif season mainly in eastern India, but it will be recovered with monsoon progressing fast.

Gold prices rise Rs 400, silver falls; yellow metal trading at Rs 50,620

Silver prices, on the other hand, witnessed a fall of Rs 200 on Saturday. One kg of silver is currently selling at Rs 55,400 as compared to Rs 55,600 on Friday

Centre advances paddy procurement in Tamil Nadu to September: Tomar

Paddy procurement in Tamil Nadu has been advanced by one month to September of the 2022-23 kharif marketing season following a request fro the state, Agriculture Minister Narendra Singh Tomar said

No adverse impact of wheat ban on farmers; domestic prices above MSP: Tomar

Neither there is a wheat crisis in the country, nor an adverse impact of export ban of the commodity on farmers' income, agriculture minister Narendra Singh Tomar informed Parliament on Friday.

'Wheat stocks can be 80% higher than buffer requirement by Apr 1 next year'

The government on Friday said wheat stocks in FCI godowns is expected to be 134 lakh tonnes at the start of next fiscal, 80 per cent more than the buffer norm.

China facing stiff competition for its favourite Russian oil from India

India has ramped up purchases of crude from Russia's far east, a grade that's typically favored by Chinese oil refiners

Gold, silver down in today's early trade; yellow metal at Rs 50,180/10 gm

Gold is currently trading at Rs 50,180 after a decrease of Rs 440

Oil prices steady after sharp decline of nearly 3% on weak US demand

Oil prices were roughly unchanged in early trading on Friday after sliding around 3% in the previous session on weakened demand in the United States and a pick-up in supply from Libya

Gold prices down below 50K, a first in 5 months; silver falls to Rs 55,130

In India, the fall has been less steep due to the recent import duty hike on the yellow metal

Gold bounces back as dollar slips on ECB rate hike, economic risks grow

By Arundhati Sarkar