Page 366 - Commodity News

Gold zooms 30k, silver spurt on Brexit

Silver surged by Rs 1,575 a kg on higher speculative and industrial offtake

Centre aims big for Assam oil sector, to make it petro-hub of SE Asia

Rs 6,000 crore investment lined up for current fiscal and Rs 80,000 crore by 2030

Gold hits 26-month high of Rs 30,885 on Brexit, rupee falls to Rs 68

The rupee too hit a four-month low of 68.21 against the US dollar, making the dollar-quoted gold expensive

Commodity brokers worry as clients' bets go wrong in opening

Gold up over 5%, oil down 6% as Brexit trends show 'Leave' vote ahead

Tea e-auction off to a flying start

So far, the Coonoor, Kochi, Kolkata and Guwahati auction centres fared well while Siliguri took a backseat

Coffee output to be hit in 2016-17

Drought in major growing areas of Karnataka is the main reason

Wheat procurement falls 18% to 22.9 mt as lower arrival bites

Procurement has fallen due to lower arrival of wheat this year at about 25.6 million tonnes as against over 31 million tonnes last year

Oil prices rise ahead of Brexit vote

Oil prices have rebounded since hitting lows of below $30 in February

Oil prices rise as markets on tenterhooks ahead of Brexit referendum

Brent was up 41 cents at $50.29 a barrel, while US crude traded at $49.56 a barrel, up 43 cents

Nickel falls by 0.9% on weak global cues

Low demand at the domestic spot market also affected prices

Silver down by 0.2%, tracking weak global trend

Market analysts said a weak trend in precious metals in global markets affected prices

Gold futures fall by 0.2% on weak global cues

Participants reduced their positions, largely in line with a weak trend overseas

Jewellery exports rise 25% in April-May

Lack of improvement in fundamentals and uncertainty over global economic growth expected to pull down numbers

Price sag dampens tobacco growers

The demand from bidi and jarda makers in Gujarat drastically declined in the aftermath of larger pictorial warnings mandated on tobacco product covers

Sugar down 0.8% on higher supplies from mills

Commodity for delivery in October contracts moved down by Rs 20, or 0.53%

Mentha down 0.1% on muted demand

Oil for delivery in July contracts traded lower by 40 paise, or 0.05%

Palm oil up 0.3% as demand picks up

Oil for delivery in far-month July contracts edged up by 40 paise, or 0.08%

Cardamom up 0.4% on rising demand

Spice for delivery in August contracts traded higher by Rs 2.60, or 0.29%

Silver down 0.2% on global cues

Metal for delivery in July declined by Rs 80, or 0.19%

Gold down 0.2% on weak global cues

Metal for delivery in far-month October shed Rs 47 or 0.15%