Page 186 - Commodity News

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

Surat diamond polishing units shut till July 13; trading mkts till July 9

In another notification, Pani said a textile making unit or textile market will be shut for seven days if one or more cases emerge from them

Gold prices jump to Rs 48,320 per 10 gm, silver climbs to Rs 48,510 a kg

In New Delhi, the price of 22-carat gold slid to Rs 47,120 per 10 gram, and in Chennai to Rs 46,240

Commodity picks: 6 July, 2020

Soybean is trading at Rs 3,717 per quintal at the benchmark Indore market

Gold prices today steady at Rs 48,350 per 10 gm, silver at Rs 48,550 a kg

In New Delhi, the price of 22-carat gold also slid to Rs 47,150 per 10 gram, and in Chennai to Rs 46,270

Centre asks states to bring law preventing loose edible oil sales

Consumer affairs ministry has received several complaints about adulteration. Industry experts believe loose edible oils often contains banned chemicals introduced by uscrupulous manufacturers

Gold imports fall over 98% at $79.14 mn during Apr-May as Covid-19 bites

Imports of the yellow metal stood at $8.75 billion in the corresponding period of 2019-20.

Gold prices jump Rs 237 to Rs 49,022 per 10 gram; silver declines Rs 740

In the previous trade, gold had closed at Rs 48,785 per 10 gram

Gold steadies in tight range as virus fears offset solid US jobs data

The United States reported more than 55,000 new infections on Thursday, a new daily global record in the pandemic that has infected more than 10.89 million people worldwide

Crude oil can hit $50/bbl in 2021; gas demand to pick up in India: Analysts

Currently, Brent prices are hovering around the $42/barrel mark

Crude oil falls as growing coronavirus cases stoke fuel demand worries

Increases in the daily cases of the coronavirus, however, globally and in the United States pressured prices

Investors should be cautious on gold after recent rally: Tradebulls Sec

The US non-farm payroll data later in the day could either make gold break the $1,800 level and start fresh momentum on the upside or make the intermediate top

Gold price today: 48,350 per 10 gm, silver declines to Rs 48,600 a kg

In New Delhi, the price of 22-carat gold slid to Rs 47,150 per 10 gram, while in Chennai it is Rs 46,540

Agricultural commodities' prices rise on logistic and supply disruptions

Abundance of availability to cool down their prices in the weeks to come

Mango traders face huge losses with few takers in the peak season

In the wholesale market of Malihabad, the mango belt of UP, Dussehri is selling at Rs 15 to 20 per kilogram

Traders thought Apple had 'holy grail' of oil data, but the quest continues

On-the-spot gasoline consumption figures would change the way oil markets trade, because it is "the holy grail of metrics," said Patrick DeHaan, head of petroleum analysis at GasBuddy

June gold imports plunge 86% y-o-y to 11 tonnes due to lockdown: Report

In value terms, June imports dropped to $608.76 million from to $2.7 billion a year ago

Limited gains for ONGC as coronavirus crisis, oil price spat continue

Analysts feel company's stock is already discounting crude price recovering to $48/barrel.

Gold price at Rs 48,750 per 10 gm, silver crosses Rs 50,000 mark

In New Delhi, the price of 22-carat gold is holding steady at Rs 47,550 per 10 gram, while in Chennai it is Rs 46,740