Page 175 - Commodity News
Jet fuel price up almost 2%, kerosene rate cut by Rs 2.19 per litre
Jet fuel (ATF) price was hiked by almost 2 per cent on Thursday, while rate of kerosene sold through PDS was cut by Rs 2.19 per litre as oil firms synced rates in line with international cost.
 "Jet fuel price up almost 2%, kerosene rate cut by Rs 2.19 per litre")
Coal India production increases by 31.6% at 40.51 MT in September
State-owned CIL on Thursday said it produced 40.51 million tonnes (MT) of coal in September, registering a growth of 31.6 per cent over the same month last year.
 "Coal India production increases by 31.6% at 40.51 MT in September")
Natural gas production loss-making after gas price cut: Rating agencies
Natural gas production in India remains a loss-making proposition for most fields after the government cut gas price by a steep 25 per cent, rating agencies said
 "Natural gas production loss-making after gas price cut: Rating agencies")
Petrol demand returns to pre-Covid-19 levels, diesel sales inching up
India's petrol sales rose 2 per cent in September - the first increase since the country's lockdown in late March - signalling demand returning to pre-Covid-19 levels
 "Petrol demand returns to pre-Covid-19 levels, diesel sales inching up")
Petrol sales up 2% in September, diesel down 7.3% YoY: Indian Oil
Petrol sales by state retailers recovered to their level before the coronavirus pandemic for the first time since March
 "Petrol sales up 2% in September, diesel down 7.3% YoY: Indian Oil")
Gold prices today at Rs 53,670 per 10 gm, silver trends at Rs 61,000 a kg
In New Delhi, the price of 22-carat gold remained at Rs 49,200 per 10 gm, and in Chennai, it climbed to Rs 48,340
 "Gold prices today at Rs 53,670 per 10 gm, silver trends at Rs 61,000 a kg")
Govt slashes natural gas price by 25% to $1.79, rate now lowest on record
Natural gas price in India touched the lowest rate on record after the government on Wednesday slashed the price by 25 per cent to $1.79, denting revenues of producers like ONGC
JPMorgan to pay $920 mn for manipulating precious metals, treasury market
The settlement comes as the US banking giant reached a deferred prosecution agreement with the Justice Department
 "JPMorgan to pay $920 mn for manipulating precious metals, treasury market")
Gold prices today at Rs 53,350 per 10 gm, silver trends at Rs 60,700 a kg
In New Delhi, the price of 22-carat gold remained at Rs 48,900 per 10 gm, and in Chennai, it fell to Rs 47,700
 "Gold prices today at Rs 53,350 per 10 gm, silver trends at Rs 60,700 a kg")
India Ratings maintains negative outlook on domestic steel sector
Expects an operational recovery to pre-Covid-19 levels in second half of FY22, though large players could recover earlier
 "India Ratings maintains negative outlook on domestic steel sector")
Soy, oat, almond, rice, coconut, dairy: Which milk is best for our health?
As to which milk is best, there's no simple answer. Dairy milk tends to come out on top for nutrient quality, though soy is a good substitute from a nutrition perspective
 "Soy, oat, almond, rice, coconut, dairy: Which milk is best for our health?")
Gold prices today at Rs 52,740 per 10 gm, silver trends at Rs 58,000 a kg
In New Delhi, the price of 22-carat gold remained at Rs 48,350 per 10 gm, and in Chennai, it fell to Rs 47,700
 "Gold prices today at Rs 52,740 per 10 gm, silver trends at Rs 58,000 a kg")
Paddy worth Rs 10.53 cr procured in 48 hrs; MSP begins in all states: Govt
Amid widespread farmers' protest against the new farm laws, the Centre on Monday came out with the latest data of paddy procurement in the last 48 hours to allay any apprehensions over the MSP buying
 "Paddy worth Rs 10.53 cr procured in 48 hrs; MSP begins in all states: Govt")
Engineering exports down 18% to $26 bn in April-August period of FY21: EEPC
Exports of engineering goods declined over18 per cent to $26 billion in the April- August period of the current fiscal, EEPC India said on Monday
 "Engineering exports down 18% to $26 bn in April-August period of FY21: EEPC")
Gold prices today at Rs 53,030 per 10 gm, silver trends at Rs 59,000 a kg
In New Delhi, the price of 22-carat gold remained at Rs 48,610 per 10 gm, and in Chennai, it fell to Rs 47,810
Bullion refiner MMTC-PAMP launches buy-back, exchange offers for gold
For a nominal transaction fee, sellers can receive the maximum value of gold as a direct bank transfer or in the form of a gold bar with 9999, 999 and 995 purity, the bullion refiner said
 "Bullion refiner MMTC-PAMP launches buy-back, exchange offers for gold")
Gold price jumps Rs 324 to Rs 50,824 per 10 gm, silver up by Rs 2,124
Silver prices also bounced back and gained Rs 2,124 to Rs 60,536 per kilogram from previous close of Rs 58,412 per kilogram
 "Gold price jumps Rs 324 to Rs 50,824 per 10 gm, silver up by Rs 2,124")
Fresh lockdown will affect silver more, says Bhavik Patel of Tradebulls Sec
Silver is in weak territory as it has breached $26 and now next support comes at $22
 "Fresh lockdown will affect silver more, says Bhavik Patel of Tradebulls Sec")
Gold price today at Rs 52,740 per 10 gm, silver falls to Rs 57,000 a kg
In New Delhi, the price of 22-carat gold remained at Rs 48,350 per 10 gm, and in Chennai, it fell to Rs 47,550
Iran runs out of dollars, India's basmati rice exports may fall 20%
Islamic Republic ordered nearly 30 per cent of India's basmati rice exports in financial year 2019-20, buying 1.3 million tonnes
 "Iran runs out of dollars, India's basmati rice exports may fall 20%")