Page 106 - Commodity News

Gencos imported 9.2 mn tonne of coal in April-June period: Power Ministry

Power generating firms (gencos) have imported 92.07 lakh tonne of coal in April-June this financial year for blending purposes ahead of Monsoon season, Parliament was informed on Thursday.

Can Europe live without Russian natural gas: What we know so far

Europe faced an energy crisis even before drama emerged about the Nord Stream 1 pipeline reopening from Russia to Germany.

Gold prices falls to near one-year low as ECB rate hike fears loom

Gold rates have slumped to a nearly one-year low over ECB rate hike fears. Oil prices have also followed suit

Oil prices slump over 3% as stockpiles, rate hikes stoke demand worries

By Shadia Nasralla

Gold to face headwinds in H2 2022 as dollar continues to dominate

Gold is heading into the second half of the year under increasing pressure, with the dollar more than ever the dominant driver

Gold prices see slight rise of Rs 10, silver falls by Rs 300 in early trade

Silver, on the other hand, witnessed a fall of Rs 300 as compared to previous day's rate. One kg of silver is currently selling at Rs 55,600

Copper rises from multi-month lows as upbeat sentiment lifts base metal

A weaker U.S. dollar in recent days has also helped metals, which are priced in the greenback, by making them cheaper for buyers with other currencies.

World's electricity demand growth slowing sharply as prices soar: IEA

The world's electricity demand growth is slowing sharply from its strong recovery the previous year as economic growth weakens and energy prices soar following Russia's invasion of Ukraine

Gold eases as dollar gains, recession fears ebb; silver rises 0.2%

By Arundhati Sarkar

Oil steady as economic slowdown worries offsets tight supplies, weak dollar

Brent futures for September delivery fell 14 cents, or 0.1%, to $106.13 a barrel by 10:48 a.m. EDT, while U.S. West Texas Intermediate (WTI) crude for August fell 27 cents, or 0.3%, to $102.33

Asian palm buyers replenish inventories as prices correct to one-year low

It will also help Indonesia to reduce stockpiles that swelled after its export ban earlier this year and pressured local prices lower and squeezed farmer's incomes.

Gold remains unchanged at Rs 50,390 per 10 gm; silver down by Rs 400 a kg

Gold prices remained unchanged in early trade as 10 gram of 24-carat of yellow metal is currently trading at Rs 50,390

Adani Wilmar's 'Fortune' cuts prices of edible oil by up to Rs 30 per litre

Edible oil firm Adani Wilmar, which sells its products under Fortune brand, on Monday announced reduction in cooking oil prices by up to Rs 30 per litre amid fall in global prices.

Gold rises as dollar retreats; traders focus on Fed rate-hike path

Spot gold rose 0.7% to $1,719.49 per ounce by 0724 GMT, after falling to its lowest in nearly a year last week. U.S. gold futures gained 0.6% to $1,714.30.

Oil jumps 2% as soft dollar and tight supply offset recession concerns

Brent crude futures for September settlement rose $2.44, or 2.4%, to $103.60 a barrel by 0900 GMT, having advanced by 2.1% on Friday.

Gold prices see marginal fall of Rs 10 in early trade; Silver unchanged

In Delhi, Mumbai, and Kolkata, 10 gram of 24-carat gold is selling at Rs 50,390. Whereas, 10 gram of 22-carat gold is selling at Rs 46,190.

Tea producers reinvent business, adapt online blend for consumer connect

Data available on the Tea Board website showed that India's production in 2020-2021 had stood at 1,283.03 million kg and volumes at the auctions were around 547 mkg

AC sales touch record 6 mn units in first half of 2022 amid scorching heat

Air conditioner demand has witnessed a sharp uptick and the industry has registered a cumulative record domestic sales of nearly 6 million units in the first half of this year.

Gold, silver prices fall; yellow metal trading at Rs 50,730 per 10 gram

Silver prices too suffered losses in trade. 1 kg of silver is currently trading at Rs 55,000 after witnessing a fall of Rs 2,000 as compared to previous day's rate

Unsafe haven: Gold set for fifth weekly loss as US dollar strengthens

Spot gold was down 0.3% at $1,704.99 per ounce, as of 0916 GMT, and lost 2.2% so far this week. U.S. gold futures eased 0.2% to $1,701.90.