Page 172 - Commodity News

Consumers may see marginal fall in petrol, diesel prices next week

Consumers can cheer as oil marketing companies (OMC) may actually bring down the retail prices of petrol and diesel in the coming week and provide relief to them ahead of Diwali

Second round of coal mine auctioning starts Nov 2, 19 blocks on offer

Senior officials said the technically qualified bidders will be announced two hours prior to the bidding on Monday

Indian jewellers gear up for next festival as gold sales pick up pace

Indians celebrated the Dussehra festival on Sunday, and now await Diwali and Dhanteras in November

Govt not considering extension of sugar export subsidies for 2020-21: Goyal

The government is currently not considering an extension of sugar export subsidies for the 2020-21 season that commenced this month in view of stable international sugar prices, Piyush Goyal said

7,000 tonnes onion imported, 25,000 tonnes may arrive before Diwali: Goyal

In an effort to boost domestic supply and check price rise, Piyush Goyal said private traders have already imported 7,000 tonnes of onion and another 25,000 tonnes are expected to arrive before Diwali

Gold prices today at Rs 52,560 per 10 gm, silver trends at Rs 62,410 a kg

In New Delhi, the gold price of 22-carat fell to Rs 49,100 per 10 gm, while in Chennai it dropped to Rs 47,410

India's yearly gold demand in 2020 can be the lowest since 1995: WGC

According to the World Gold Council (WGC), gold demand in India thus far in CY20 stands at 252 tonnes, as compared to 496 tonnes in the same period last year.

India's gold demand could recover during Q4 on festival shopping: WGC

Demand for the precious metal usually spikes towards the end of the year in India, as buying gold for weddings and major festivals such as Diwali and Dussehra is considered auspicious

Gold immune to US Prez election, stimulus package key trigger: Bhavik Patel

Rising coronavirus cases, especially in Europe, are keeping gold supported, more so because of the possible economic fallout

China bought nearly 30% of Indian steel exports in April-Sept - data

China bought 1.9 million tonnes, cornering 29% of India's finished steel exports, which hit their highest in at least six years at 6.5 million tonnes

Imported onion likely to ease prices in Kolkata's wholesale market

The skyrocketing onion prices in the retail market are likely to ease as imported bulbs have put a break, at least temporarily, on the rise in wholesale prices in Kolkata, officials said on Wednesday

Gold prices today at Rs 53,100 per 10 gm, silver trends at Rs 62,100 a kg

In New Delhi the price of 22-carat gold remained at Rs 49,600 per 10 gm, while in Chennai it climbed to Rs 47,560

Farmers in Uttar Pradesh feel the pinch as potato prices touch record highs

Potato seed is selling for Rs 60-70 per kg in the open market this year as compared to Rs 18-22 earlier. Crop area of potato is set to reduce this year due to high rates of seeds

Over 5,000 bags of PDS rice hidden in mills recovered during raid in Punjab

Punjab's Food and Civil Supplies Department officials on Tuesday conducted a raid at two private mills and recovered 5,200 bags of rice meant to be distributed under Public Distribution System (PDS)

BP to Rosneft: Energy companies' CEOs tell their India plan to PM Modi

Global energy bigwigs appear bullish about India's economy in their video interaction with the Prime Minister

Gold prices today at Rs 52,890 per 10 gm, silver trends at Rs 61,500 a kg

In New Delhi the price of 22-carat gold remained at Rs 49,400 per 10 gm, while in Chennai it climbed to Rs 47,230

Gold prices today at Rs 52,890 per 10 gm, silver trends at Rs 62,500 a kg

In New Delhi the price of 22-carat gold remained at Rs 49,400 per 10 gm, while in Chennai it climbed to Rs 47,220

Commodity picks: 26 October, 2020

Cotton seed oil cake is trading at Rs 1,900 per quintal at the benchmark Akola market; The barley price in Jaipur is trading at Rs 1,431 per quintal

Gold prices today at Rs 54,120 per 10 gm, silver trends at Rs 63,000 a kg

In New Delhi the price of 22-carat gold remained at Rs 49,610 per 10 gm, while in Chennai it climbed to Rs 47,200

Well-developed non-ferrous metals industry crucial for India: Saraswat

India needs a well-developed non-ferrous metals industry as it provides important raw material to many sectors which are the backbone of economic development, Niti Aayog Member V K Saraswat said