Page 877 - Commodity News

Premium on gold buys disappears

Rupee's record depreciation helps price to set new high, jewellers deny old gold purchase, it's a sellers' market now

Guar gum exports rise but price slump dents realisation

Exports of guargum was up by 9% in China and 4% in US in terms of quantity for the first two months

Diamond sector fears default on import payments

Many diamond merchants fear a default on payments that may run into hundreds of crores of rupees

Miners seek removal of curbs

Country can earn $10 billion foreign exchange by encouraging export of low-grade iron ore

Garment exporters fail to capitalise on rupee fall

Half exposure was hedged when dollar was at Rs 62, now importers want to renegotiated prices after rupee's fall

Iron ore exports set to restart in a big way

Exporters are looking to benefit from the depreciating rupee and rising prices of the commodity abroad

Soybean up 2.4% on global cues

Rise in other edible oils prices helped to boost the trading sentiments

Castorseed prices improve by 2.1% on fresh buying

Castorseed for October contract gained 1.73%

Gold jumps to all-time high of Rs 34,500 on weak rupee

The current upsurge surpassed its record price of Rs 32,975 per ten gram, set on November 27 last year

Potato down 1.3% on increased supply

Potato for delivery in far month of March also traded lower by 0.71%

Lead up 3.7% on spot demand, global cues

Lead for delivery in September traded higher by 3.57%

Nickel up 3.2% on strong demand, global cues

Nickel for delivery in September shot up by 3.11%

Rupee impact: India paying record high prices for crude

This, when global prices nowhere near all time highs

Cardamom up 0.4% on spot demand

Cardamom for delivery in September traded marginally up by 0.03%

Copper up 3.9% on global cues

Copper for delivery in August shot up by 3.25%

Crude palm oil up by 2.2% on good demand

Speculators enlarged their positions, tracking a firm trend at spot market

Silver futures up by 3.2% on global cues

Sliding rupee which plunged to hit an all-time low of Rs 68.75 influenced prices

Gold futures hit record high of Rs 34,246

Rupee tumbled to a low of Rs 68.75/dollar, helping gold prices

Will gold continue to shine?

Gold may see a temporary rally once US sequester begins but it may be short-lived

Jewellers increase import of cut and polished diamonds

The industry has started losing luster due to restrictions imposed by the government on gold imports