Zinc prices edged up by 0.64% to Rs 102.55 per kg in futures trade today, after speculators created fresh positions, supported by firming global trend and rising domestic demand.

Zinc rises on spot demand, global trend

Press Trust of India

Crude palm oil prices rose by Rs 4.90 to Rs 575.50 per 10 kg in futures trade today, as speculators created fresh positions, supported by rising demand at the spot market.

Crude palm oil up 0.85% on spot demand

Turmeric futures today shot up by 1.45% to Rs&nbsp; 4,348 per quintal, mostly supported by a pick-up in spot demand.

Turmeric up on pick-up in spot demand

Jeera futures today rose by Rs 267.50 to Rs 12,480 per quintal, as traders built up fresh positions, driven by a rise in spot demand.

Jeera up on spot demand

Mentha oil futures rose by Rs 59.90 to Rs 2,196.80 per kg today, as traders created fresh positions, driven by pick-up in industrial spot demand.

Mentha oil rise on industrial demand

The government today reduced the import tariff value of gold from $573 per 10 grams to $530 per 10 grams, while the value was kept unchanged at $1,036 per kg for silver imports.

Govt slashes import tariff of gold to $530/10 grams

Potato prices rose by Rs 19.80 to Rs 1,153.50 per quintal in futures market today, as traders enlarged their positions on pick up in spot market demand.

Potato extends gains on spot demand

Jewellery sellers in India lost out on the opportunity to make large sales on Gudi Padwa festival, considered to be an auspicious day to buy gold, due to a strike called to protest duty raises in last week's Budget.

Jewellers strike dents festival sales in India

Reuters 

Bullion and jewellery markets remained closed for the seventh day today in various parts of the country to protest doubling of import duty on gold and imposition of excise duty on unbranded jewellery.

Bullion market strike extends to seventh day

Jewellers lost a high-sales opportunity on Friday on the Gudi Padwa/Ugadi festival, resulting in an estimated business loss of around Rs 2,000 crore.

Jewellers lose Rs 2,000 cr due to strike on Gudi Padwa

Business Standard

The low availability of natural gas in the country is taking its toll on the gas-based sponge iron industry. The industry, with an estimated investment of Rs 70,000 crore, is facing losses of Rs 2,500 crore annually with unutilised investments of Rs 10,000 crore.

Lack of natural gas hits margins

Sponge iron prices bucked the trend amid sluggish demand and increased four to five per cent during the past month, aided by rising iron ore and coking coal prices. Sponge iron, the raw material for steel, is currently quoted at Rs 24,000 a tonne at main hub Rourkela, up by Rs 1,500 from February.

Costlier iron ore, coal pinch prices increase 4-5%

Bullion and jewellery markets remained closed for eight straight today in various parts of the country to protest imposition of excise duty on unbranded jewellery and doubling of import duty on gold.

Bullion strike enters eighth day

Even as jewellers continued with their country-wide strike for the eighth day demanding their exclusion from the proposed excise duty, a top Finance Ministry official today assured them of further talks to remove their &quot;misunderstandings&quot;.

Jewellers continue strike, CBEC chief offers talks

Oil climbed after Reuters reported Iranian oil exports will drop by 300,000 barrels a day this month because of tighter sanctions.

Oil rises almost $3 a barrel on Iran report

The foodgrain storage problems are likely to get partly resolved in the next 18 months with the public sector procurement agency, the Food Corporation of India (FCI), clearing approvals for building fresh capacity for storing another eight million tonnes (mt) of foodgrain under the 10-year guarantee scheme.

FCI to get another 8 mt storage facility in 18 months

Jewellers continue strike CBEC chief offers talks

An Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee, will meet tomorrow to decide on allowing an additional export of up to one million tonnes of sugar in the 2011-12 marketing year.

EGoM to meet tomorrow to decide on additional sugar export

Groundnut oil prices have reached close to Rs 2000 per 15 kg tin on Saturday even as demand stays grim from the millers. According to sources, groundnut oil mills have been more or less closed for past one month due to shortage of raw material, i.e. groundnut. On the other hand, export demand has pushed up groundnut oil price.

Groundnut oil price nears Rs 2000 per tin

World gold prices hit a one-week high on Monday before paring gains to trade near the previous closing price, with investors closely watching the oil and currency markets for trading cues.

World gold hits one-week high dollar, oil eyed

Chilli futures today moved up by Rs 32 to Rs 5,430 per quintal, as speculators created fresh positions on pick-up in demand in the spot market.

Chilli up on spot demand

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