Page 984 - Commodity News

Iron ore prices to stay firm

SC judgment will add to supplies of the key raw material for steel industry in Karnataka

Govt cuts tariff value of gold, silver

It has reduced the import tariff value of precious metals following high price volatility in gold and silver in the global market

Sugar mill byproducts to attract more investment

The sentiment has changed due to partial decontrol in sugar sales, high ethanol prices

Demand, prices looking up for cotton yarn

The Yarn Advisory Board estimates output would be 4,000 mn kg this year as compared to 3,400 mn kg last year

Unseasonal rains damage groundnut at Gondal APMC

Over 300 bags of groundnut have been soaked in rain, damage estimated to be around Rs 75 lakh

Gold recovers by Rs 250; govt cuts tariff value again

After crashing by Rs 3,250 in the last four days, gold prices recovered to Rs 26,600 in Delhi market on fresh buying by stockists and retailers

Gold rebounds from 20-month low on fresh buying, global cues

However, silver remained weak for the fifth day by losing Rs 300 to Rs 45,400 per kg

Auto battery makers gain as lead prices fall

Lead prices have fallen 11.4% so far this year as of Wednesday's close

Coriander falls almost 2% on low demand

Prices fell as speculators indulged in reducing positions

Mentha oil falls more than 1% on higher arrivals

Low spot market demand affected the trade

Zinc down 1.3% on global cues

Prices fell as subdued domestic demand

Crude oil futures down 0.4% on weak Asian cues

Prices fell as speculators trimmed positions

Lead falls 1.2% on global cues

Subdued spot demand had a negative impact

Copper down 2.6% on subdued demand

Prices fell as speculators engaged in trimming their positions

Nickel down more than 1% on weak overseas trend

Sluggish demand from alloy-makers triggered downtrend

Silver futures down 1% on global cues, weak spot demand

Fears that central banks in Europe may sell holdings to raise funds and a US recovery will curb demand weighed on the metal

Gold falls as much as 2.7%; investors flee

Gold has ignored tension in the Korean peninsula and investors are increasingly convinced the U.S. Federal Reserve will soon end its bullion-friendly bond buying programme

Gold futures down on weak global cues, subdued domestic demand

Besides a subdued demand in the spot market, where the precious metal dipped to a 20-month, low also weighed on the prices.

Market pulse for agro commodities : Mangal Keshav

Spot rates of soya bean crop offered by planters were down at '39.5-'40 per kg while rates across major mandis declined to '38.5-'39 per kg, as per local traders.

As gold prices crash, consumers make a beeline for jewellers

The jewellers have witnessed around 25% increase in sales in the past three days