Page 274 - Commodity News

Gold softens by Rs 25 on muted demand; silver remains steady

In the national capital, gold of 99.9 and 99.5 per cent purity shed Rs 25 each to Rs 29,525 and Rs 29,375 per ten gram respectively

India steel demand will take longer to peak compared to China: Worldsteel

It is not expected that India will replicate China's explosive growth pattern, World Steel Association said

Asia gold price dip props up demand, Indian buyers await lower prices

In India, a fall in gold prices to the lowest level in five months failed to lift physical demand

Crude oil rises 0.44% to Rs 3,667 per barrel on firm Asian trading

The oil for delivery in January traded higher by Rs 12, or 0.33 per cent, to Rs 3,678 per barrel in 232 lots

Pest attack lowers cotton yield in Maharashtra

Cotton farmers have voiced their concern over crop losses

Cotton ginners on strike today against GST

A senior official of the Saurashtra Ginners Association said the new levy would have a big impact on ginners' operating margins

SC lifts annual iron ore mining ceiling in Karnataka to 35 million tonnes

No cap on Category C iron ore mines in the southern state; JSW Steel to be major beneficiary

Value-added segment to help copper smelters offset margin pressure

Global smelters are negotiating conversion charges which indicate a decline from 2017 levels

Gold prices surge by Rs 230 to Rs 29,665 per 10 grams on strong global cues

Globally, gold rose 0.17% to $1,257.50 an ounce in Singapore

New products, volume boost Godrej Consumer

Double-digit growth, cost efficiencies should translate into higher profits

Pink bollworm issue: Oppn din over agri officials not briefing minister

Oppn has been demanding immediate relief to farmers saying that Bt cotton seed "BG II" has failed to protect cotton from pink bollworm attack

Domestic industry frets over surge in paper imports

Imports jump to an all-time high of 10.5 lakh tonnes in H1FY18

Oil price recovers as US crude stock go down

US West Texas Intermediate crude was up 36 cents, or 0.6 per cent, at $57.50 a barrel, having earlier settled down 85 cents at $57.14

Imposition of MIP pushes pepper prices up 10-12%

Domestic demand for pepper is increasing at 4% annually. Currently it is estimated at 60,000 tonnes a year

Oil rises above $65 for first time since 2015 on North Sea pipeline outage

Oil also gained support from expectations the latest reports on US inventories will show a further tightening of supplies

Sugar traders seek import duty hike after Pak sops

This comes when the price of sugar in India has been falling since the start of the current cane crushing season

Denim industry says 30-40% of operative capacity shut

With annual sale of Rs 15,000 crore, this industry employs around 400,000 workers directly, besides the indirect spinoff

Tea industry proposes new marketing effort

Plans to restart exports from Dooars after 27 years

Gold, silver decline on muted demand

Globally, gold edged up 0.09 percent to $1,249.30 an ounce and silver by 0.03 per cent to $15.82 an ounce in Singapore

Oil prices stable as ongoing Opec cuts countered by rising US rig drilling

Rising US output threatens to undermine efforts to support prices by withholding supplies