Page 182 - Commodity News

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

Mustard seed up 26% in four months on short supply, spike in oil demand

Apart from a spurt in mustard oil prices, consumers are also being sold contaminated products by traders out to make a quick buck

End game for oil? OPEC prepares for an age of dwindling demand

OPEC faces a dramatic adjustment if consumption starts a permanent decline

Gold prices today at Rs 52,000 per 10 gm, Silver rallies at Rs 64,700 a kg

In New Delhi, the price of 22-carat gold rose to Rs 50,800 per 10 gram, and in Chennai to Rs 49,780

Jewellers bargain on rent, pare store sizes and stocks to stay afloat

Migrant workers told not to return from hometowns despite onset of festive season

Gold at new lifetime high globally after 11 years, surge in silver unabated

Experts say those who missed the rally or want to add more gold to their portfolios should buy on dips

Steel prices may rebound on China demand, pick up in domestic need

Indian companies hope they can in the next few months bridge a 7 per cent gap between international and domestic prices

Gold prices at new all-time high, entering years-long bull run: Analysts

Investment in precious metal safe based on outlook for India in the next four months

Gold continues upward trend at Rs 51,160, Silver crosses Rs 61,000 mark

In New Delhi, the price of 22-carat gold rose to Rs 49,960 per 10 gram, and in Chennai to Rs 49,910

Commodity picks: 27 July, 2020

Cottonseed oil cake is trading at Rs 1,982.8 per quintal at Akola, and is expected to head towards Rs 1,950

Gold price today continues upward move at Rs 50,750, silver at Rs 61,050

In New Delhi, the price of 22-carat gold rose to Rs 49,550 per 10 gram, and in Chennai to Rs 48,790

Iron, steel sold to China arrest plunge in engineering exports in June

Shipments to China rose by over 1,400 per cent to $524 mn in June from just $35 mn in the same month last year

India eyes surge in jewellery export as US special status to Hong Kong goes

Hong Kong enjoys a discounted rate of 3.3 per cent export duty for goods shipped to the US due to the special status, while shipments from the rest of the world suffer 7.5 per cent

International gold price flirting with all-time high seen nine years ago

US-China friction has weakened the dollar index, while disappointing US Jobless claims data has also pushed gold prices higher

India eyes surge in jewellery export as US special status to Hong Kong goes

Hong Kong enjoys a discounted rate of 3.3 per cent export duty for goods shipped to the US due to the special status, while shipments from the rest of the world suffer 7.5 per cent

US-China trade war: India sees bright future for gems and jewellery trade

For USA, Hong Kong and China are the fourth largest destinations for importing gems and jewellery after India, France and Italy

Outlook on Gold, Silver and Crude by Bhavik Patel of Tradebulls Securities

On MCX, next target for Gold comes around Rs 52,000 where it will see some pullback as it has rallied one way in relative short period of time

Gold price today: Rs 50,703 per 10 gm, silver climbs to Rs 60,785 per kg

In New Delhi, the price of 22-carat gold rises to Rs 49,000 per 10 gram

Loans against gold may support small businesses post Covid reopening

Gold is typically the only asset small entrepreneurs have in order to raise funds. Large quantities of the metal may also come in to be sold