Page 81 - Commodity News

Average price of wheat flour rose by 31% in 2018-22 period: Centre

Average price of wheat flour rose by 31 per cent and mustard oil by 71 per cent between 2018 and 2022, the government told the Rajya Sabha on Friday

Gold prices went down by Rs 550 to Rs 57,160; silver drops to Rs 70,800

The price of ten grams of 22 carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 52,400

Chana, mustard likely to trade around MSP, wheat much above it

The MSP of mustard for 2023-24 is Rs 5,450 per quintal

Basmati rice sales to grow 30% on high demand this fiscal: Report

Basmati rice sales are likely to increase 30 per cent to more than Rs 50,000 crore in the current fiscal, mainly due to high realisation and healthy demand, according to a report

Sugar exports at 2.7 mn tonnes in FY23 so far; Bangladesh top market: AISTA

India has exported 27.83 lakh tonnes of sugar till February 9 of the ongoing 2022-23 marketing year, with Bangladesh and Indonesia being the top markets, trade body AISTA said on Thursday

Cobalt's battery-powered boom in 2022 on EV demand surge busts

Pound for pound, the batteries used in laptops, phones and tablets contain much more cobalt than EV batteries, and demand from the industry has fallen about 30% to 40% over the past year

Gold prices unchanged; yellow metal sells at Rs 57,550 per 10 gram

Silver prices increased by Rs 100 per kg; the precious metal is selling at Rs 71,400 per kg

Reliance, BPCL, Nayara among buyers using UAE dirham for Russian oil

India is the UAE's second-largest trade partner and officials are working on a mechanism to boost trade in dirhams and rupees

Gold prices rise Rs 110 to Rs 57,550; silver prices surge by Rs 100

The price of ten grams of 22-carat gold in Delhi, Bengaluru and Chennai is Rs 52,900, Rs 52,800, and Rs 53,730, respectively

MCX Crude Oil remains range-bound; Natural Gas can bounce back to Rs 255

The MCX Natural Gas futures need to sustain above Rs 209-level, break and sustained trade above Rs 224 can trigger a rally towards Rs 255.

Gold prices rise by Rs 280 to Rs 57,440; silver prices unchanged

The price of ten grams of 24 carat gold in Delhi, Chennai and Bengaluru is Rs 57,590, Rs 58,530, and Rs 57,490

Oil prices rise on supply concerns, China demand outlook brightens

Brent crude futures rose 40 cents, or 0.5%, to $81.39 per barrel by 0117 GMT, while West Texas Intermediate futures rose 43 cents, or 0.6%, to $74.54 per barrel

MCX Gold likely to re-test Rs 58,000; Silver may drop to Rs 63,500

The MCX Gold futures are likely to find considerable support around Rs 56,235 level; the bias may turn cautious only on sustained trade below the same.

Gold, silver prices remain unchanged; yellow metal trades at Rs 57,160

In Delhi, Kolkata, and Mumbai 1 kg of silver was trading at Rs 71,200

Gold, silver prices fall in early trade; yellow metal selling at Rs 57,930

The price of 22-carat gold was down by Rs 500 from yesterday's close to Rs 53,100 per 10 grams

Wheat prices fall over 10% in 7 days on selling of FCI stock in open market

FCI sold 0.92 million tonnes since Feb 1, netting around Rs 2,290 crore

Over 1,150 bidders participated in 1st week of e-auction of wheat by FCI

Over 1,150 bidders participated in the first week of e-auction of wheat and a quantity of 9.2 lakh metric tonnes was sold across the country by Food Corporation of India (FCI)

Wheat prices fall 10% in 7 days on selling of FCI wheat in open mkt: Govt

The government on Friday said wheat prices have fallen more than 10 per cent in the past one week following its decision to sell the grain in open market to check rising prices

Gold up by Rs 650 in early trade; yellow metal selling at Rs 58,470

Silver prices rose Rs 1,400 from yesterday's close to Rs 74,700 per kg

FMCG industry witnesses consumption slowdown in the Dec quarter: Report

FMCG industry witnessed a consumption slowdown in the December quarter, with an overall "negative" volume growth, as consumers continue to reel under inflationary pressure