Both the precious metals, gold and silver, rebounded today on buying by stockists and jewellers for the ongoing marriage season demand amid firming global trend.

Gold rises by Rs 160, silver rebounds

Press Trust of India

Jeera futures prices fell by Rs 256 to Rs 14,131 per quintal today on speculators off-loading their positions following increased supplies in the physical market against subdued demand.

Jeera down 1.78% on increased supplies

The price of silver could surge to Rs 1 lakh per kg mark this year in the wake of international economic situation, Bombay Bullion Association (BBA) on Tuesday said.

'Silver price may surge to Rs 1 lakh per kg'

Gold edged down on Wednesday from a 2-1/2-week high as concerns about Greece's ability to implement an unpopular bailout deal balanced out the gains triggered by the actual agreement, and slower factory activity in China contributed to the fall.

World gold holds near 2-1/2-week high

Reuters 

India gold traders stayed on the sidelines on Wednesday as prices extended gains for the fourth session in a row to hit the highest level in nearly three weeks, dealers said.

Gold demand slack as prices hit 3-wk high

The Iranian nuclear row and related oil price jump appear to have swooped back onto the radar for global investors just as Western credit woes seem to be easing - but energy risks may well now be an ever-present menace.

Oil swoops back onto recovering investors' radar

Easing inflation and a revival in sock markets could dent gold imports, pushing shipments down by about 35% in value terms in 2012-13, a government panel said on Wednesday.

FY13 gold imports may fall 35%: govt panel

Silver has displayed a smart rally in the current year so far, rising 21.2 per cent from January onwards. And, there are indications it would continue to outperform other metals like gold and copper. This would be good news for India&rsquo;s largest silver producer, Hindustan Zinc, as the metal is likely to contribute 14-20 per cent to its Ebitda (earnings before interest, taxes, depreciation and amortisation) margins.

Silver may continue to outperform others

Business Standard

Excessive availability of sugar this year is unlikely to deter Indian exporters to intensify supplies to global markets and increase realisation this year. Reeling under severe financial stress, Indian sugar companies are looking for opportunities for higher realisation from overseas markets with permission from the local government.

Global surplus to restrict India's sugar export potential

The revamped Technological Upgradation Fund Scheme (Tufs) has received poor response this year. As a result, the textile ministry is likely to extend the revised Tufs to the &lsquo;blackout period&rsquo;, a top ministry official on Tuesday here said.

Revised Tufs may apply to Jun '10-Apr '11 period too

Gold imports by India are poised to decline for the first time in three years as rising prices deter jewellery buyers and investors, potentially allowing China to overtake the country as the world&rsquo;s largest consumer.

India's gold imports may decline on high prices

Oil was lower in Asian trade today on concerns that Greece may face difficulties delivering on tough economic reforms after clinching a huge bailout from its euro zone partners, analysts said.

Oil prices lower over Greek reform concerns

Gold futures rose by 0.38% to Rs 28,826 per 10 grams today, as speculators enlarged their positions on the back of a firming global trend.

Gold futures up 0.38% on firm global cues

Sugar futures fell by Rs 13 to Rs 2,930 per quintal today due to lower demand and higher supplies in spot markets.

Sugar falls 0.44% on profit-taking

Tracking a firming global trend, crude palm oil prices gained 0.29% to Rs 551.20 per 10 kg in futures trade today.

Crude palm oil gains 0.29% on global cues

Supported by a firming trend at the London Metal Exchange (LME) and pick-up in domestic demand, nickel futures prices rose by Rs 5 to Rs 1,002.30 per kg today.

Nickel rises 0.4% on spot demand, global cues

Supported by a firming trend at spot market on rising demand, pepper prices extended gains for the second straight day by adding Rs 235 to Rs 32,700 per quintal in futures trade today.

Pepper extends gains on rising demand

Potato added Rs 11.10 to Rs 783.50 per quintal in futures trading today as speculators enlarging their positions following increased demand for the ongoing marriage season.

Potato remains up on increased demand

Chilli prices moved up by 2.03% to Rs 5,338 per quintal in futures trading today as speculators created fresh positions driven by pick-up in spot market demand.

Chilli up 2% on spot market demand

Cardamom advanced for the second straight day by adding Rs 9.70 to Rs 881 per kg in futures trading today on rising demand in the spot market, supported by the ongoing marriage season.

Cardamom remains up on rising demand

Mentha oil extended gains for the second straight day by gaining Rs 3 to Rs 1,636 per kg in futures market today on increased demand from pharmaceutical units.

Mentha oil extends gains as demand picks up

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