Gold demand in India, the world's top consumer of the metal, was moderate on Wednesday as some jewellers chose to restock despite a price rise, dealers said.

Gold edges up, physical demand moderates

Reuters 

Suspecting price manipulation, the regulator plans to issue showcause notices to leading traders this week.

Guar gum traders to face FMC ire

Business Standard

Cardamom auctions will normalise at all eight auction centres from this week as transportation of goods between the Kerala and Tamil Nadu borders has been restored. All auctions are scheduled for this week, except by Spices Trading Corporation Limited (STCL) in Bodinayakanur.

Cardamom auctions to normalise this week

Sugar futures recovered by 0.53% to Rs 2,859 per quintal today after witnessing persistent fall in the past few sessions, as speculators created fresh positions.

Sugar futures recover on speculative activity

Press Trust of India

Wheat prices fell by 0.31% to Rs 1,290 per quintal today as speculators booked profits amid favourable weather conditions in producing regions.

Wheat down in futures trade on profit-booking

Tracking a weakening global trend, crude palm oil prices declined by Rs 4 to Rs 554.40 per 10 kg in futures trade today as speculators offloaded their positions.

Crude palm oil futures slip on weak global cues

Cardamom prices rose by Rs 3.80 to Rs 649.30 per kg in futures trade today as speculators enlarged their positions, driven by pick-up in spot demand.

Cardamom futures up 0.59% on spot demand

Silver futures traded 0.80% lower at Rs 53,803 per kg today after speculators offloaded their holdings, taking weak cues from global markets.

Silver futures shed 0.8% on overseas cues

Nickel futures prices declined by 0.5% to Rs 996 per kg today largely in tandem with a weakening trend in base metals overseas.

Nickel sheds 0.5% on weak overseas cues

Copper futures prices fell by 0.76% to Rs 410.75 per kg today due to weak trend in the overseas market in tandem with profit-booking by speculators after recent gains.

Copper loses 0.75% on global cues, profit-booking

Brent crude rose for the second straight day on Wednesday, touching a seven-week high after the European Union reached a preliminary agreement to ban imports of Iranian crude, escalating tensions in the West's standoff with Tehran that has gripped oil markets for weeks.

Oil rises after EU reaches Iran sanctions agreement

As India gold prices dipped backed by a strengthening rupee, jewellers restocked for the upcoming wedding season in the world's biggest consumer of the precious metal, dealers said.

Gold prices drop, jewellers rush to restock

Price fluctuation in gold, silver prompt consumers to change preference.

Platinum jewellery to drive growth in 2012, say diamantaires

Salt manufacturers in the city, a major salt-producing centre, are worried about their mounting stocks, as foreign countries are increasingly opting for the commodity from Gujarat at a cheaper rate.

Salt producers worry as stocks mount  

Jewellers say infrastructure not yet ready, massive government effort required.

Implementation concerns remain

Speculative positions are building up in gold and silver as prices have started falling.

Speculative positions build up in gold, silver futures

BIS ambit to also widen; Jammu-Srinagar rail link to get Rs 19,000 crore.

Gold jewellery hallmark made must

The global natural rubber (NR) mart is likely to be in a bearish mode this year. The latest report of the Association of Natural Rubber Producing Countries (ANRPC) on trends and statistics indicates a weak demand outlook will keep the market dormant.

Global natural rubber demand to be low this year

Highlighting the need for large players&rsquo; entry into commodity futures, Parliamentary standing committee on consumers affairs, food and public distribution has recommended banks and domestic financial institutions allowed for trade on commodity exchanges.

House panel recommends entry of banks, FIs in commodity exchanges

Move follows a revival in demand, need to offset recent cost increases.

Paper firms raise prices 2-3%

The law ministry has said it favours the commerce ministry&rsquo;s move to ban foreign direct investment (FDI) in wholesale trading in tobacco.

Law Min nod to ban FDI in wholesale tobacco trade

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