Page 355 - Commodity News

Gold firm as sluggish US data lowers rate hike prospects

Spot gold was up about 0.4%, US gold was up 0.2%

Groundnut oil prices touch record high on short supply, festival demand

Prices of groundnut oil have reached to a new high of Rs 2,225 per 15 litre tin

Gold dore import dips 35% in Apr-June quarter

Refining becomes unviable due to 2-4% price discount in India versus import; operating capacity falls below 25%

Excise duty concession on ethanol withdrawn for sugar mills

The mills said the abrupt withdrawal of the exemption would hurt their finances

Innovation, CAFE norms can boost aluminium use in automotives: Analysts

While small cars use 140 kg aluminium on average in developed markets, consumption in India is only 40 kg

India's fuel demand rose 3.9% in July

Sales of gasoline, or petrol, were 14.7% higher from a year earlier at 1.92 million tonnes

Gold imports drop 76% in April-July this year: MMTC-PAMP

Around 80 tonnes of gold has been imported through unofficial channels in these four months

India's gold demand falls 18% in Apr-June

WGC expects demand to revive in H2 on surplus monsoon rains

Buffalo meat exports to grow 50% in five years: Icra

Uttar Pradesh has emerged as the leading buffalo meat-producing state

Scrap gold supply surges

Sudden spurt in sales of used jewellery indicates that farmers and usual consumers took advantage of gold price rise

Volatile gold slips as investors cash out, dollar strengthens

Spot gold fell 0.3% to $1,342.58 an ounce; US gold too slipped 0.3% to $1,348.30 an ounce

India's Q2 gold demand drops 18% to 131 tonnes: WGC

Total jewellery demand in India for the period was down by 20 per cent to 97.9 tonnes

India questions London gold benchmark

IBJA raises concerns about LBMA's price fixing mechanism, says it doesn't match realistic prices in India

MSTC 'Metal Mandi' to go live by September

The firm is currently holding road-shows to incite interest of buyers and suppliers for the e-trading platform

Cardamom up 0.7% on firm demand

Spice for delivery in September contracts edged up by Rs 3.70 or 0.38%

Mentha oil up 0.5% on spot demand

Oil for delivery in August contracts traded higher by Rs 3.90, or 0.43%

Lead up 0.3% on spot demand

Metal for delivery in September edged higher by 25 paise, or 0.21%

Palm oil up 0.2% on uptick in demand, global cues

A firm global trend also influenced sentiment

Gold rises on weaker dollar; platinum group metals surge

Spot gold had risen 1.1% to $1,354.44, spot palladium surged 7.4% to $746.10

Global glut of oil products threatens crude recovery

Refiners have resorted to production cut which will weaken demand for crude oil and serve as a hard ceiling on prices