Page 171 - Commodity News
Time to buy gold this Dhanteras? Analysts see price hitting Rs 67,000/10gm
With accommodative global central bank policies and stimulus, analysts expect gold prices to do well going ahead
 "Time to buy gold this Dhanteras? Analysts see price hitting Rs 67,000/10gm")
Gold edges higher as coronavirus worries eclipse vaccine optimism
Gold prices edged higher, after dropping over 1% in the previous session, as concerns over the economic fallout from surging Covid-19 cases outweighed positive vaccine news
 "Gold edges higher as coronavirus worries eclipse vaccine optimism")
Gold price today at Rs 53,610 per 10 gm, silver trends at Rs 62,800 a kg
In New Delhi, the gold price of 22-carat fell to Rs 49,160 per 10 gm, while in Chennai it fell to Rs 47,640
 "Gold price today at Rs 53,610 per 10 gm, silver trends at Rs 62,800 a kg")
Raw sugar futures drop most in a week on India's export subsidy concerns
India's production from October 1 to November 5 climbed to 425,000 metric tons, up 32 per cent from a year earlier, the National Federation of Cooperative Sugar Factories said.
 "Raw sugar futures drop most in a week on India's export subsidy concerns")
Gold price today at Rs 53,600 per 10 gm, silver trends at Rs 61,900 a kg
In New Delhi, the gold price of 22-carat fell to Rs 49,150 per 10 gm, while in Chennai it climbed to Rs 47,800
Crude oil glut likely to overshadow any OPEC+, US policy shifts
S&P Global Platts Analytics slashed its 2021 oil consumption outlook by 700,000 barrels per day (b/d) recently and now predicts oil demand growth of 5.8 million b/d in 2021
 "Crude oil glut likely to overshadow any OPEC+, US policy shifts")
Gold price today at Rs 55,250 per 10 gm, silver trends at Rs 61,000 per kg
In New Delhi, the gold price of 22-carat rose to Rs 50,650 per 10 gm, while in Chennai it climbed to Rs 49,220
 "Gold price today at Rs 55,250 per 10 gm, silver trends at Rs 61,000 per kg")
Gold plunges 5% over Covid-19 vaccine success as investors dump bullion
Spot prices beat a sharp retreat from a near two-month peak of $1,965.33 hit earlier in the session amid a weaker dollar
 "Gold plunges 5% over Covid-19 vaccine success as investors dump bullion")
Gold price today at Rs 55,040 per 10 gm, silver trends at Rs 65,410 per kg
In New Delhi, the gold price of 22-carat rose to Rs 50,460 per 10 gm, while in Chennai it climbed to Rs 48,850
Commodity picks: 9 November, 2020
Soybean is trading at Rs 4,406 per quintal at the benchmark Indore market; Barley in Jaipur is trading at Rs 1,450 per quintal
 "Commodity picks: 9 November, 2020")
Whoever comes to occupy the White House, gold could yet shine better
The environment remains highly favourable for the yellow metal in the medium to long term
US Presidential elections: Gold headed for biggest weekly gain since July
Fed Chair Jerome Powell opened the door to a possible shift in the central bank's bond purchases in the coming months, saying that more fiscal and monetary support is needed
 "US Presidential elections: Gold headed for biggest weekly gain since July")
Gold dips as dollar firms, but set for best week in over three months
Gold fell, as the dollar gained but was set for its best week since late July on hopes for more central bank economic support as investors bet on a divided US Congress
US oil drops as Covid-19 pandemic rages while US vote counting continues
US oil fell nearly 1% as new lockdowns went into affect in Europe raising questions over demand for crude, while ballots were still being counted in the US election, keeping markets on edge
 "US oil drops as Covid-19 pandemic rages while US vote counting continues")
Gold price today at Rs 54,160 per 10 gm, silver trends at Rs 62,500 per kg
In New Delhi, the gold price of 22-carat rose to Rs 49,650 per 10 gm, while in Chennai it climbed to Rs 48,100
Oil falls over 1% as markets whipsawed by US election uncertainty
Oil dropped as Democrat Joe Biden edged closer to the White House but the Republicans look likely to retain Senate control, decreasing the chances of any huge Covid-19 relief package
 "Oil falls over 1% as markets whipsawed by US election uncertainty")
Gold firms as Joe Biden edges closer to US presidential election win
Gold firmed as investors were cautiously optimistic Democrat Joe Biden would edge past President Donald Trump in a tight race to the White House, boosting the likelihood of more economic stimulus
 "Gold firms as Joe Biden edges closer to US presidential election win")
Gold price today at Rs 54,150 per 10 gm, silver trends at Rs 61,200 per kg
In New Delhi, the gold price of 22-carat rose to Rs 49,650 per 10 gm, while in Chennai it climbed to Rs 48,020
Oil rises 4% after Trump falsely claims victory in tight US election
Oil prices rose nearly 4% after President Trump falsely claimed victory in a tight US election with millions of votes still to be counted and after data showed a large decline in US crude inventories
 "Oil rises 4% after Trump falsely claims victory in tight US election")
No relief for consumers on fuel prices while oil cos jack up margins
Even as consumers continue to pay higher prices for petrol and diesel, country's OMCs are expected to reap in higher margins on sale of the two products substantially improving their profitability
 "No relief for consumers on fuel prices while oil cos jack up margins")