Page 115 - Commodity News

Axis Bank expects repo rate to rise to 5.75% by end of this fiscal

With inflation remaining at elevated levels, RBI may gradually increase the benchmark lending rate to about 5.75% by the end of this fiscal, Axis Bank chief economist Saugata Bhattacharya said

African cocoa giants make new move in spat with chocolate sector

For now, it looks like the cocoa-growing giants will continue to struggle to receive the full combined premiums

Gold rises over 1% buoyed by dollar slide, weak US private payroll data

"(The job data) is really raising the recession concerns that have been brewing in the market and supporting gold," said Ryan McKay, commodity strategist at TD Securities

Gold prices climb as Treasury yields offset US dollar's strength

Gold prices on the rise as treasury bond yields have weakened US dollar's strength.

Gold trading at Rs 51,820 per 10 gm today; silver selling at Rs 60,600 a kg

The rate of gold decreased by Rs 280 per 10 gram on Thursday with 24-carat of the metal trading at at Rs 51,820

Gold standard of hallmarking purity is now just a click away: Here's how

Download BIS Care app, use 'verify HUID' to check authenticity

India's petrol and diesel sales soar 56% in May on surge in summer travel

India's petrol and diesel sales soared in May on the back of a surge in summer travel to escape from the heat and vacation at educational institutions, preliminary industry data showed

Jet fuel price cut by 1.3%, commercial LPG rate reduced by Rs 135

Jet fuel prices on Wednesday were cut by 1.3 per cent -- the first reduction after 10 rounds of price hikes -- on softening international crude oil rates.

Record renewable energy output helps India ease coal shortage in May

The share of renewable energy sources in power output rose to 14.1% in May from 10.2% in April. Coal made room for it, dropping to 72.4% of Indian generation from 76.8%

Gold, silver prices slip to two-week low as US yields, dollar rise

A stronger dollar makes bullion more expensive for buyers holding other currencies, while gains in benchmark US 10-year Treasury yields reduce the appeal of zero-yield gold.

Gold trading at Rs 52,100 per 10 gm today; silver selling at Rs 61,600 a kg

The rate of gold decreased by Rs 100 per 10 gram on Wednesday with 24-carat of the metal trading at at Rs 52,100

Gold set for monthly loss as US Treasury yields, dollar strengthen

The U.S. dollar strengthened following hawkish comments by a senior Federal Reserve official causing gold to retreat, Ricardo Evangelista, senior analyst at ActivTrades said in a note.

Gold trading at Rs 52,200 per 10 gm today; silver selling at Rs 62,500 a kg

The rate of gold increased by Rs 110 per 10 gram on Tuesday with 24-carat of the metal trading at at Rs 52,200

Gold trading at Rs 52,090 per 10 gm today; silver selling at Rs 62,200 a kg

The rates of gold and silver remained unchanged today

Banned wheat exports to ensure adequate supply, says Union minister

Union Minister Kailash Choudhary on Sunday said the Centre had placed a ban on wheat exports to ensure adequate availability of the food grain in the country.

Power Ministry asks CEA to compute coal consumption for power generation

The Power Ministry directed the CEA to compute the quantity of the coal consumed, that was procured under SHAKTI B policy mandating blending of 10 per cent by weight for the power generation

Gold prices set for second weekly gain as dollar, US treasury yields slip

Benchmark 10-year note yields were down on the day, after briefly rising on strong spending data, while the dollar was headed for a second consecutive week of declines.

Gold trading at Rs 52,090 per 10 gm today; silver selling at Rs 62,150 a kg

The price of 10 gram of 24 carat gold today rose by Rs 110 to Rs 52,090

Gold trading at Rs 51,980 per 10 gm today; silver selling at Rs 61,500 a kg

The price of 10 gram of 24 carat gold on Friday went down by Rs 270 to trade at Rs 51,980

India asks power producers to seek weekly payments to manage coal imports

By Sudarshan Varadhan