Page 185 - Commodity News

Edible oil import expected to fall 13% on sharp drop in consumption

Healthy oilseed output could improve domestic production of edible oil, reducing reliance on imports even further

India's fuel demand continues to recover in June, up 11% over May-levels

Officials said petrol and diesel demand has rapidly climbed due to higher use of private vehicles as commuters avoided public transport

Gold futures rise on firm spot demand, global cues to RS 48,925 per 10 gram

Gold prices on Friday rose by Rs 47 to Rs 48,925 per 10 gram in futures trade as speculators created fresh positions on firm spot demand

India fuel demand extends recovery from 13-yr low as economic opens up

On a year-on-year basis, demand for diesel registered its fourth straight decline in June at 15.4%

Gold in overbought zone, wait for correction before buying: Bhavik Patel

Renewed cases of Covid-19 is keeping bulls in the hunt. Above $1820, we can see prices till $1850-$1870 in a short period

Gold price at Rs 49,100 per 10 gm, silver continues rally at Rs 51,900 a kg

In New Delhi, the price of 22-carat gold rises to Rs 47,900 per 10 gram, and in Chennai to Rs 47,180

Spike in Covid-19 cases halts revival of Surat's synthetic textile industry

Business activity across value chain is at 5-10% of the pre-pandemic level

Gold price today at Rs 48,700 per 10 gm, silver climbs to Rs 50,000 a kg

In New Delhi, the price of 22-carat gold rises to Rs 47,500 per 10 gram, and in Chennai to Rs 46,780

Gold ends at new all-time high of Rs 48,925 amid fears of another lockdown

Silver up 2.6% to cross Rs 50,000 a kg as safe-haven demand rises

Crude oil price drops as US inventory build-up stokes supply fears

Oil prices eased in early trade on Wednesday as industry data showed a build in US crude stockpiles and a forecast for US crude output to fall less than anticipated in 2020

Gold price slides Rs 188 to Rs 48,444 per 10 gm, silver is 48,870 per kg

In Delhi, 22-carat gold prices slid to Rs 47,250 per 10 gm while 24-carat was retailing at Rs 48,450

Edible oil import in June touches 8-month high of 1.16 million tonne

In November-June period, import declined 15 per cent year-on-year

Gold jumps Rs 102 to Rs 49,228 per 10 gram, silver declines Rs 249

Silver declined by Rs 249 to Rs 50,573 per kg from Rs 50,822 per kg in the previous trade

Indian palm oil demand dips as food sector, households seek alternatives

The impact of the shuttered food courts and street vendors is compounded by reduced demand at retail stores

Oil prices inch higher on output cut support, but US virus spike caps gains

US West Texas Intermediate (WTI) crude futures climbed 13 cents, or 0.3%, to $40.76 a barrel at 0103 GMT, recouping a 2 cent loss from Monday

Gold price falls to Rs 48,100 per 10 gm, silver is Rs 49,600 a kg

In New Delhi, the price of 22-carat gold slid to Rs 46,900 per 10 gram, and in Chennai to Rs 46,100

Vegetables plunge by up to 44% the past three week on surge in arrivals

With govt allowing sale of essential commodities directly to consumers, farmers have come together to form a group of aggregators and are supplying fresh produce directly to bulk and retail consumers

Jewellers start melting new ornaments to pare inventory as recession bites

Scrap supply likely to reach 140 tonne in CY20, as against 119 tonne last year

MCX gets Sebi approval, to launch Gold Mini Options from July 10

MCX has received approval of Sebi for launch of Gold Mini options with Gold Mini (100 grams) bar as underlying, MCX said in a statement

Covid-19: India's April tea output falls 54% YoY to 39.02 million kg

For Assam alone, output in April plunged 76% from a year ago to 10.99 million kg, the Tea Board said