Page 242 - Commodity News

Online bidding for sovereign gold bond scheme FY19 to open on Monday: BSE

SGBs are government securities denominated in multiples of gram of gold

Gold regains Rs 200 on positive global leads, festive season buying

Globally, gold rose 0.53% to $1,225 an ounce and silver by 0.48% to $14.75 an ounce in Singapore on Monday

India hopes to finalise partners for strategic oil reserves within a year

India's government approved two strategic petroleum reserve (SPR) sites with a total capacity of 6.5 million tonnes in June

Crude prices zoom amid geopolitical tensions over Khashoggi's disappearance

Brent crude had risen 98 cents, or 1.22 per cent, to 81.41 a barrel by 0124 GMT, on track for its biggest daily gain since October 9

Despite global oil demand going down, prices may not follow the trend

Limited spare production capacity should help to support crude in coming months

Oil markets adequately supplied, production soared over last 6 months: IEA

The energy watchdog, however, said that the oil industry is coming under strain as it copes with increasing global demand

Gold futures slip 0.44 per cent to Rs 31,850/10 grams on weak global cues

Analysts attributed the fall in prices trimming of positions by participants, tracking a weak trend in the global market

As imports surge, aluminium companies look to widen export volumes

Amid rising threat of imports, the domestic producers have demanded the complete exclusion of aluminium from the purview of negotiations of Regional Comprehensive Economic Partnerships

Industrial commodities dip on broad-based sell-off in stocks, trade tension

Base metals and energy shed up to 3% on Thursday, declining for the second day in a row at the LME, Nymex and Shanghai Futures Exchange

Rupee, firm demand to keep domestic iron ore prices elevated in near-term

The price outlook in the domestic market is the antithesis of global forecasts

Oil prices dip as IMF lowers global growth outlook, Brent crude at $84.98

The IMF downgraded its global economic growth forecasts for 2018 and 2019 on Tuesday, raising concerns that demand for oil products may slump as well

MMTC eyes 10% gain in export earnings due to consistent rupee slump

MMTC is yet to feel the heat of the weakening rupee on gold imports

Silver jewellery exports fall 88% in FY19, industry seeks policy support

Focused buyer-seller meets would be one helpful step to stoke demand from consuming nations

Cotton output may fall 4.7% due to scant rainfall, pink bollworms: CAI

Indian farmers have adopted genetically-modified seeds known as Bt cotton that are resistant to bollworms

Amid trade war with US, China may soon open its market for Indian oilmeals

Prior to a ban in 2012, China used to import nearly half a million tonnes of oilmeals from India

Gems, jewellery exports decline 0.75% to $13.18 billion in April-August

According to industry experts, exporters are optimistic that with the festive season on the anvil, things would start improving

Gold falls by Rs 200 on weak global cues, muted demand from local jewellers

Globally, gold fell 0.14 per cent to $1,268.70 an ounce in Singapore

US sanctions on Russia's Rusal boosts India's aluminium export to Japan

Japanese trading houses such as Mitsubishi Corp have been aggressively importing supplies from India

NCDEX to launch options in guargum, three other agro products in two weeks

The exchange currently generates a daily turnover of Rs 40 million in guarseed option

Gold futures down to Rs 31,305 per 10 g on profit booking, global cues

Analysts said apart from profit-booking by speculators at existing levels, metal's fresh weakness in the overseas markets weighed on gold futures