Page 202 - Commodity News

Gold surges by Rs 300, silver gains Rs 370

Bullion dealers said the trading sentiment was bullish, amid hectic buying for the ongoing festive and marriage season.

Govt expects onion output to rise 7%; sees fall in fruits, spice production

Consequently, production of onion -- the key kitchen staple -- is estimated to increase to 24.45 million tonne this year from 22.81 million tonnes in the 2018-19 crop year.

Commodity picks: 27 January, 2020

Maize is trading at Rs 1,957 per quintal in Nizamabad, refined soy oil is trading at at Rs 898 per 10 kilograms in Indore market

Outlook & trading strategies for Copper, Silver by Tradebulls Securities

Commodities Outlook & Stock recommendation by Bhavik Patel - Sr. Technical Analyst

Oil prices hit seven-week low on growing concern over China virus

Oil prices hit seven-week low on growing concern over China virus

Govt planning to launch National Mission on Edible Oil in the near future

Experts have suggested activating the oilseed mission and creating an oilseed development fund while looking at possibility of allowing GM oilseeds into the country

RBI buys gold for forex reserves after 5 months, now holds 625 tonnes

The RBI buys gold to hedge the government's sovereign gold bond issue, launched in November 2015

Secondary metal producers seek duty cut on imported scrap in Budget

Secondary metal industry says metal recycling should be treated as a priority sector.

Commodity view by Bhavik Patel of Tradebulls Securities: Buy Gold, Copper

Commodities Outlook & Stock recommendation by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls Securities

CACP recommends dual price policy for sugar trade for farmers' benefit

To cost corporate users 20-30% more than kitchen consumers

BIS notifies good delivery norms for gold, silver and 31 other items

Unlike earlier, gold and silver meeting the Indian standards could now be delivered on exchanges like MCX which deal in their derivatives

Gold jewellery below 2 gram exempted from mandatory hallmarking

Silver jewellery and articles have been kept out of mandatory hallmarking as of now

RBI ranked sixth among central banks in buying gold abroad

RBI was a modest player in buying gold abroad compared to other major central banks, adding to its reserve in October after a gap of five months

After a sharp rise in Dec, vegetable prices moderate in Jan on availability

Prices of green vegetables started rising steadily since October but almost doubled in December on reports of flood-ravaged kharif crop damage in Maharashtra and delay in planting of rabi crop

Paswan to release gold jewellery, artefact hallmarking notification on Wed

As on 31 December, 892 hallmarking centres have been approved by the BIS

I-T recovery orders could lead to bankruptcies, frauds: Jewellers' body

I-T department had alleged in orders that the sale of jewellery against cash post note ban announcement was not genuine

How rise in prices of key food articles is impacting your daily budget

The first of a two-part series on 'Kitchen woes' shows how prices of milk, sugar and wheat have moved lately

Kharif production likely to decline due to heavy post-monsoon showers

Rice output in 2019-20 is expected to decline by 8.2 per cent over last year and maize by 11.9 per cent

Budget 2020 wishlist: Steel firms want zero duty on pet coke, coking coal

As per the existing duty structure, both coking coal and anthracite coal attract 2.5% import duty

Budget 2020: Commerce ministry seeks a reduction in import duty on gold

Gross export of gems and jewellery declined by 5.3% to $27.7 bn for the first nine months of this FY