Buoyed by a firming global trend, gold prices rose by Rs 124 to Rs 28,347 per ten grams in futures trade today.

Bullion futures rise on global cues

Press Trust of India

Buoyed by a firming trend in the spot markets on rising demand, mentha oil prices were up by Rs 6.50 to Rs 1,558.90 per kg in futures market today.

Mentha oil extends gains on rising demand

Crude oil prices fell by Rs 13 to Rs 4,796 per barrel in futures trade today as speculators offloaded their positions following weak global trend.

Crude oil sheds 0.25% on MCX on weak global cues

Crude palm oil prices rose by Rs 1.50 to Rs 516.70 per 10 kg in futures trade today supported by pick up in demand on account of marriage season.

Crude palm oil rules firm as demand picks up

Gold traders refrained from placing fresh deals on Tuesday, expecting more price falls, dealers said.

Gold traders shun new deals, see fresh price dips

Reuters 

Iranian buyers have defaulted on payments for about 200,000 tonnes of rice from their top supplier India, exporters and rice millers said on Tuesday, a sign of the mounting pressure on Tehran from a new wave of Western sanctions.

Iran defaults on rice payments to India: traders

The panel appointed a year earlier by the Supreme Court to probe illegal mining in Karnataka has made several recommendations in its final report, with far-reaching implications. The final report was given to the SC on Friday.

SC panel recommends cap on Karnataka ore mining

Business Standard

The country&rsquo;s steel industry is at an inflexion point. The industry is given a roadmap by the government to lift crude steel capacity to 150 million tonnes (mt) in the terminal year of the 12th Plan and then to 180-200 mt by 2020 from the present 80 mt. Steel Authority of India Ltd (SAIL) Chairman Chandra Sekhar Verma says to make this happen, &ldquo;We steelmakers will have to embrace breakthrough ideas to be able to run our mills at new efficiency levels, allowing us to make steel with higher strength to weight ratio.&rdquo; Capacity growth here will be sustainable provided the industry makes use of leap-forward technologies occurring periodically, from raw material uses to finishing of steel to utilisation of mill waste, argues Verma.

Steel at an inflexion point

Cardamom futures prices fell by Rs 6.10 to Rs 747 per kg today, due to sluggish demand at the prevailing increased levels against sufficient stock positions in the physical market.

Cardamom down 0.8% on sluggish demand

Crude palm oil futures prices today fell by Rs 2.30 to Rs 514.50 per 10 kg on profit-selling at existing higher levels amid subdued spot demand.

Crude palm oil sheds 0.4% on profit-selling

Mentha oil futures prices today fell by Rs 6.40 to Rs 1,528.30 per kg, as speculators booked profits at existing higher levels amid a weak trend at spot market due to sluggish demand.

Mentha oil down 0.36% on profit-booking

Potato futures prices rose by Rs 9.10 to Rs 760.50 per quintal today, as traders created their fresh positions on the back of firm domestic demand for the ongoing marriage season.

Potato gains 1.2% on spot demand

Coriander futures prices fell by Rs 28 to Rs 3,796 per quintal today, as traders and speculators remained net sellers, driven by weak spot demand.

Coriander down 0.7% on subdued demand

Chilli prices fell by Rs 90 to Rs 5,886 per quintal in futures trade today, as speculators indulged in booking profit at existing higher levels.

Chilli sheds 1.5% on profit-taking

Jeera futures prices rose by Rs 68 to Rs 14,270 per quintal today on low-level buying, but poor export demand amid fresh arrival capped the gains.

Jeera up 0.5%, poor export demand caps gains

Over 6,000 registered jewellers across the country have again started booking raw materials as they feel recent sharp recovery in rupee&rsquo;s exchange rate is done and further rise may not be happening in near future.

Jewellers feel rupee rise is over, resume orders for gold

Gold prices rose by Rs 29 to Rs 27,965 per 10 grams in futures trade today, as speculators enlarged their positions on hopes of a rise in demand during the marriage season amid firming global trend.

Gold futures up on global cues, silver declines

Silver prices declined by Rs 96 to Rs 56,330 per kg in futures trade today, as traders reduced their positions on the back of weakening global trend.

Silver declines on lower global trend

Pepper prices rose by Rs 110 to Rs 30,090 per quintal in futures trade today as speculators enlarged their positions, supported by pick-up in spot market demand.

Pepper gains 0.4% on spot demand

Tracking a weakening global trend, copper prices declined by Rs 2.30 to Rs 416.55 per kg in futures trade today as speculators offloaded their positions.

Copper sheds 0.55% on weak global cues

Lead prices traded lower by Rs 1.20 to Rs 108.10 per kg in futures trade today, as speculators offloaded their positions following sluggish demand in the spot market and weak trends overseas.

Lead sheds 1% on sluggish demand

Get the latest commodity market news and daily price updates on gold, silver, crude oil, and more. Stay informed with real-time trends and expert insights at Business Standard.

Page 1333 - Commodity News