Page 240 - Commodity News

Gold loses sheen in Diwali trade, price drops to Rs 32,400 per 10 grams

Bullion traders said the slide in gold prices was mostly due to the absence of worthwhile activity

Dhanteras gold jewellery sales indicate consumer optimism ahead of Diwali

Jewellery manufacturers across all major cities have offered good discount of up to 50 per cent on making charges to lure customers

Dhanteras 2018: Gold, jewellery sales muted on sluggish demand, high price

Dhanteras is considered to be an auspicious day for buying gold, silver and other valuables

'After underperformance, gold is now witnessing the start of next bull run'

We expect that lack of global cues could keep volatility low for gold, but on domestic bourses, prices could continue to gain on weakness in rupee.

Govt may announce changes in gold monetisation scheme in next few days

The country's largest lender, State Bank of India, is expected to be asked to identify at least 10 branches for this

Commodity Picks: 5 November 2018

Coriander is trading at Rs 5,836 per quintal in Kota

No ease-of-doing-business for scam-rattled diamond jewellery sector

Jewellers continue to face high import duty, lack of working capital availability and squeeze in dollar finances on rupee depreciation

Iran sanctions set to kick in, could bring biggest oil disruption in years

US oil futures climbed to a four-year high near $77 a barrel last month on growing concerns there could be a shortage as sanctions bite deeper

Gold hits six-week high of Rs 32,780 ahead of festive season

Bullion traders said persistent buying by ornament makers, triggered by upcoming festive and wedding season lifted the gold prices to trade at almost six-year high of Rs 32,780 per 10 gram

Oilseeds market prices show little change as MP caps payout under Bhawantar

A big reason for this that Bhawantar of 2018 isn't a price deficit financing scheme anymore, govt has fixed the payout at up to Rs 500 per quintal to farmers for soybean and maize

Gold demand jumps 10% in Q2, but the festive season may not be that rosy

The seasonal spike in demand could be moderate this Dhanteras-Diwali due to factors like a lack of liquidity, rising gold prices and impending elections

Thanks to refining industry, unrefined gold import surges to a new high

Post GST implementation refining disparities have nullified and industry is actively pursuing global gold mines to ensure enough supplies

Gold rises to touch nearly 6-year-high of Rs 32,650 amid festive demand

This is the highest level since November 29, 2012 when the precious metal had closed at Rs 32,940 per ten gram

Margins of textile mills buoyed by cotton price fall, but hurdles lie ahead

Cotton prices in major producing centres such as Punjab and Madhya Pradesh have declined to nearly 10% below the government's MSP

Sugar output seen falling to 31.5 mn tonnes in 2018-19, lower than 2017-18

Closing stock at the end of the year will still be very high despite improvement in exports

Gold prices flat at Rs 32,550/10 gms on lower demand, tepid trend overseas

Sovereign gold, however, rose by Rs 100 to Rs 24,800 per piece of eight grams

China, India, oil price spike worries to test US' Iran sanctions resolve

India has told the US that rising energy costs caused by a weak rupee and high oil prices mean zeroing out Iranian purchases will be impossible until at least March

At 32 MT, India's sugar output may remain below prior forecast for 2018-19

The sugar output is now seen at 32 million tonnes for the season that began on Oct. 1, down from its previous forecast of 35-35.5 million tonnes

Commodity picks: 29 October 2018

Chana is trading at Rs 3,995 per quintal at Bikaner market

Pre-Dhanteras high prices, cash crunch take sheen off gold this season

Domestic gold prices closed at Rs 32,550 per 10 grams Saturday, while globally it closed at $1,233.80 an ounce in New York on Friday