Page 120 - Commodity News

Gold trading at Rs 53,840 per 10 gm today; silver selling at Rs 69,300 a kg

The price of gold differs in regions based on parameters such as making charges, excise duty, and state taxes.

Gold trading at Rs 53,450 per 10 gm today; silver selling at Rs 67,800 a kg

The price of gold differs in regions based on parameters such as making charges, excise duty, and state taxes.

Wheat procurement so far almost 30% lower than last year, say traders

Heavy private purchases in main producing states of Madhya Pradesh and UP cited as reason

Gold trading at Rs 53,020 per 10 gm today; silver selling at Rs 67,700 a kg

The price of gold differs in regions based on parameters such as making charges, excise duty, and state taxes.

India's March fuel demand hits 3-year high, petrol sales at all-time peak

As the economy continued to rebound from the deep impact of the third wave of the COVID-19 pandemic, demand for transport fuel rose in March

Palladium extends gains after London hub suspends trading from Russia

Newly refined Russian platinum and palladium was suspended from trading in London from Friday, denying access to the metals' biggest trade hub because of the conflict in Ukraine

Middle income group purchases more gold in India, says report

The Gold and Gold Markets 2022 report by India Gold Policy Centre (IGPC) also said that people in the higher income group are interested in having the yellow metal in digital or paper format

About 24% Indian homes reduce edible oil consumption due to high prices

At the same time, 67% of respondents pruned spending in other areas to pay for higher edible oil prices

Oil drops below $100 on reserves release and China lockdowns

IEA members to release 60 mn barrels over 6 months; US producers added 13 oil rigs in week to April 8

Gold dips as firmer Treasury yields, dollar counter Ukraine risks

Spot gold was down 0.2% at $1,942.85 per ounce by 0730 GMT, after hitting a more than one-week high of $1,949.32 earlier in the day. U.S. gold futures were up 0.1% at $1,947.40.

India's March fuel demand jumps 4.2%, hits 3-year high

India's fuel demand rose 4.2% to a three-year peak in March, compared with the year-ago period, data from the Petroleum Planning and Analysis Cell of the oil ministry showed on Monday.

Gold trading at Rs 53,020 per 10 gm today; silver selling at Rs 71,500 a kg

The price of gold differs in regions based on parameters such as making charges, excise duty, and state taxes.

Gold ETFs see modest inflows of Rs 205 crore in March, shows data

The category's net assets under management at the end of March stood at Rs 19,280 crore

Domestic gold spot exchanges face tax hurdle, unlikely to start ops

IBJA has also suggested to the govt to create a notional entity wherein all GST is immediately refunded by the govt to the trader as soon as gold is deposited in the vault

India's gold imports surge to $46.14 bn in FY22 on higher demand

The surge in gold imports during the last financial year contributed to the widening of the trade deficit to USD 192.41 billion, against USD 102.62 billion in 2020-21

Centre reduces raw jute stock limit to facilitate supply to mills

In a recent notification issued by Office of Jute Commissioner, max stock limit has been brought down to 500 quintals for jute balers from 750 quintals and 50 quintals for traders from 150 quintals

Gold trading at Rs 52,630 per 10 gm today; silver selling at Rs 66,800 a kg

The price of gold differs in regions based on parameters such as making charges, excise duty, and state taxes.

IEA details plan to release 120 million barrels of oil over six months

Prices hit 14-year highs last month as Western sanctions on Russia disrupted crude and oil product exports from the world's number two crude exporter

Gold subdued as US interest rate hike expectations dent appeal

Gold is highly sensitive to rising U.S. interest rates and Treasury yield, which increase the opportunity cost of holding the non-yielding bullion, while boosting the greenback in which it is priced

Gold subdued as dollar climbs higher on counters of Ukraine risks

Spot gold was flat at $1,929.52 per ounce by 0520 GMT. US gold futures were down 0.3% at $1,931.90