Page 181 - Commodity News

ATF price hiked 3 pc; no change in LPG, petrol, diesel rates

ATF prices are revised on 1st and 16th of every month based on average of benchmark international price and foreign exchange rate in the preceding fortnight

India's June crude oil imports lowest in over five years; exports also drop

Crude oil imports last month dropped about 19 per cent from a year earlier to 13.68 million tonnes

Gold price today continues upward trend at Rs 53,200, silver at Rs 65,000

In New Delhi, the price of 22-carat gold rose to Rs 52,200 per 10 grams, and in Chennai to Rs 51,250

Unlock 3.0: Surat diamond industry crawls back to work amid relaxed norms

Number of hours of operations extended from four to six; industry is estimated to be sitting with a rough diamond inventory of over $2 billion before fresh supply can be imported for polishing

Gold heads for best monthly gain since January 2012 on rush to safety

Prices hit a record $1,980.57 on Tuesday and are up over 10% so far this month, their biggest monthly percentage gain since Feb. 2016

Covid-19: Bullion traders to resort to online channels for jewellery sales

Hit hard by the Covid-19 pandemic, bullion traders here have decided to sell their jewellery products through websites and apps also

Oil set for fragile recovery as economies limp towards normalcy: Survey

The poll projected global demand to contract by between 7.2 and 8.5 million barrels per day (bpd) this year, versus last month's 6.5-8.7 million bpd prediction

Outlook on Crude oil, natural gas by Bhavik Patel of Tradebulls Securities

Crude oil bulls look exhausted

Gold price today: Rs 53,000 per 10 gm; silver falls to Rs 63,000 a kg

In New Delhi, the price of 22-carat gold rose to Rs 51,800 per 10 gram, and in Chennai to Rs 51,030

India gold demand drops 70% in Q2 to hit 11-year low on price, Covid impact

World Gold Council data shows demand dropped to 63.7 tonnes in the April-June quarter this year. Back in 2009, demand had plunged to as low as 40 tonnes following Lehmann crisis

Panel urges SC not to ask NMDC, MML to meet iron ore shortfall in Karnataka

CEC says existing mines and upcoming ones will be able to meet the demand

Fuel prices unchanged for fourth day in India over stability in oil market

Oil companies kept petrol and diesel prices unchanged on Thursday taking global cues where benchmark crude oil prices have remained static around $43 a barrel for the past few days now

Gold jewellery demand in India slumps 74% in June quarter on Covid-19

The strict lockdown imposed in late March eclipsed the gold buying festival of Akshaya Tritiya

Gold price jumps to Rs 52,700 per 10 gm, silver at Rs 66,050 a kg

In New Delhi, the price of 22-carat gold rose to Rs 51,500 per 10 gram, and in Chennai to Rs 50,740

Gold rises unabated to new lifetime high even as profit-taking looms

Yellow metal closes at Rs 52,801; there are indications of heavy profit-booking in short term

Present price rise of tea an upward correction, says Tea Board chief

There was a huge oversupply of tea last year and this was corrected to a large extent when the Tea Board ordered non-plucking of tea in December, he said

India FY21 steel consumption to fall at least 10% due to Covid-19: Report

The agency further noted that consolidation in the Indian steel sector that began in 2018 will continue in 2020

Gold price today: Rs 52,465 per 10 gram, silver price at Rs 62,730 per kg

In New Delhi, the price of 22-carat gold rises to Rs 51,250 per 10 gram

Demand dip amid Covid-19, low crude prices may cut India's oil bill by 40%

For India, lower oil prices act as big incentive as the country depends on imports to meet 86% of its requirements

Tea prices rise as floods, Covid-19 take a toll on production, inventory

According to All India Tea Traders Association and Gujarat Tea Traders Association, prices have shot up due to a fall in production and inventory levels, along with healthy demand for tea