Page 117 - Commodity News

India exports 7.5 mn tonnes sugar till May 18 in current marketing year

India has exported 75 lakh tonnes of sugar till May 18 in the current marketing year ending September, the Food Ministry said on Thursday.

Rising cotton, yarn prices may hit apparel exports target: AEPC chairman

The unabated surge in prices of cotton and cotton yarn may affect the country's apparel exports target of USD 19-20 billion during the current fiscal, AEPC chairman Narendra Goenka said on Thursday.

Gold trading at Rs 50,780 per 10 gm today; silver selling at Rs 61,550 a kg

The price of 10 grams of 24-carat gold on Wednesday went up by Rs 330 to Rs 50,780.

Prices of food items continuing to increase in May, says RBI report

"Pulses prices remained steady, although tur prices have moderated while masoor prices edged up. Edible oils prices registered a broad-based increase," the report said.

Oil rises to 7-week high on EU's Russian oil ban effort, demand hopes

The easing of China's COVID-19 lockdowns also supported prices, as investors grew more optimistic about demand from the world's second-largest economy.

India's steel exports likely to remain strong on regional demand: Moody's

India's steel exports are expected to remain strong in the coming months as higher prices and regional demand would drive the steel companies to divert part of their output to exports

10 gm of gold selling at Rs 50,450, silver trading at Rs 59,400 per kg

The gold price varies for different regions based on certain parameters such as the excise duty, making charges and the state taxes

Oil prices rise on China's demand recovery, gasoline at an all-time high

In line with the unexpected industrial output decline, China processed 11% less crude oil in April, with daily throughout the lowest since March 2020.

Gold prices decline to 14-week low as dollar strength slams demand

Earlier in the session, gold prices dropped 1.4% to their lowest level since Jan. 31 at $1,786.60. On Friday, they posted their fourth consecutive weekly decline.

Gold trading at Rs 50,450 per 10 gm today; silver at Rs 59,400 a kg

The rate of 10 grams of 24 carat gold on Monday remained unchanged at Rs 50,450.

Steel prices ease over 10%, coal crisis play havoc on secondary steelmakers

Prices in the long products segment have declined on an average of 10-15 per cent to Rs 57,000 per tonne in Kolkata market from a high of Rs 65,000 a tonne

Government, RBI behind the curve in controlling inflation: Congress

The party also termed the government's decision to ban wheat exports as anti farmer.

10 gm of gold trading at Rs 50,670 today, silver selling at Rs 58,700

The gold rates in India depend on a number of factors including the international gold prices, local tariffs, and the currency movements

Gold trading at Rs 51,490 per 10 gm today; silver selling at Rs 60,800 a kg

The gold rates in India depend on a number of factors including the international gold prices, local tariffs, and the currency movements

Gold prices inch lower as Dollar rally appeal dims post US inflation data

Spot gold fell 0.2% to $1,848.15 per ounce by 0959 GMT. U.S. gold futures were down 0.2% at $1,849.20.

Domestic Copper prices may drop to Rs 720-725 per kg in FY23: Crisil

The price of copper wire bars averaged Rs 738 per kg (ex-factory) in FY22, a 42 per cent rise year-on-year, with rates breaching Rs 800 per kg in March before retreating to Rs 790 per kg

From India to France and the US, wheat harvest faces the weather test

Droughts, flooding and heatwaves threaten output from the US to France and India, compounding shrinking production in Ukraine

Gold trading at Rs 51,000 per 10 gm today; silver selling at Rs 60,400 a kg

The price of gold varies for different regions based on parameters such as the excise duty, making charges and the state taxes.

Investors move to gold amid growth concerns, ETF inflows at 2-year high

Industry players said worsenining geopolitical scenario, tightening of interest rates and volatile equity markets have led to investors showing faith in the yellow metal

Oil rallies after 10% slide over 2 days as Russia gas flow to Europe falls

Russian gas flows to Europe via Ukraine fell by a quarter on Wednesday after Kyiv halted use of a major transit route blaming interference by occupying Russian forces.