Page 14 - Commodities

Gold price today at Rs 46,500 per 10 gm, silver selling at Rs 60,500 a kg

The price of gold jewellery varies across India due to excise duty, state taxes, and making charges.

Commodities bourse MCX to hire chief operating officer shortly

In a first, largest commodities bourse MCX is creating the post of chief operating officer, and the new appointment will be announced as early as early next month, a top exchange official has said. It can be noted that no exchanges in the country, be it the largest NSE or the oldest BSE - a publicly-traded entity or the rival commex National Commodity & Derivatives Exchange (NCDEX) have the post of a COO. All these exchanges have MDs/CEOs, chairmen and board members. We have shortlisted a few candidates for the post of our first COO. We should have him/her joining us from early next month, Multi-Commodity Exchange managing director and chief executive PS Reddy told PTI on Wednesday. Asked about the rationale for the post, which is a first in the exchanges space, he said there is more than enough workload for a second top executive. He also said the exchange will have a new chief technology officer soon to replace the vacuum created by the sudden exit of Manav Jain amid the ...

Aluminium industry frets that its supply snarls have just begun

That's the message coming from producers, consumers, traders and shippers at North America's largest aluminum conference, which ended Friday.

India will continue to be a favoured investment destination: Mihir Vora

Keeping the short-term reactions aside, the impact of any taper really depends on the circumstances under which the US Fed starts tapering, he said.

MARKETS TODAY: Commodities to hog the limelight for a second day

Given a global disturbance in oil and precious metal prices, commodity market action will be in focus. That apart, all eyes will be on the IPOs -- CarTrade Tech and Nuvoco Vistas, which opened on Monday, besides Aptus Value Housing Finance and Chemplast Sanmar, which open today

Rio Tinto pays $9.1-bn dividend as profit hits record on iron ore demand

Rio Tinto Group is the world's biggest iron ore miner

Gold price today at Rs 47,190 per 10 gm, silver trending at Rs 68,400 a kg

In New Delhi, the price of 22-carat gold was at Rs 47,400 per 10 gm

Some commodities have now wiped out all of their 2021 rally: Here's why

Other commodities that have seen their big rallies evaporate include platinum, while once-surging nickel, sugar and even lumber have faltered.

Brent may test $78 levels: Bhavik Patel of Tradebulls Securities

With most additional supply being gobbled up very quickly, gas prices will likely stay at elevated levels for the foreseeable future

Trading strategies for nickel and copper by Tradebulls Securities

Nickel has made 'harami' candlestick formation after sharp red candle, indicating selling momentum has subsided

Railways maintains steady momentum with higher freight loading in May 2021

Indian Railways reported 114.8 million tonnes of freight loading in May 2021 which is 9.7 per cent higher than the previous best of 104.6 MT reported in May 2019.

China bars banks from selling commodities-linked products to retail buyers

The China Banking and Insurance Regulatory Commission's (CBIRC's) order to exit these products has not been reported before

China targets 'speculators and hoarders' to stop commodity boom

There's been an unusual amount of attention from policy makers on commodities in recent weeks.

DAP prices might soften ahead as inputs costs in global markets look down

Centre may not need to provide further support this year as worst seems over for the two major input that goes into making DAP for now

Global stocks head for first weekly gain in three, commodities soar

S&P futures pointed to further gains, edging 0.1% higher on Friday.

Rally in commodities still has plenty of room to run: Goldman and UBS

Raw materials are likely to surge 13.5 per cent in the next six months

Britannia Industries posts 3% drop in fourth quarter profit at Rs 360 cr

The firm was impacted by a rise in commodity prices.

Vedanta's dues, rising interest rates sound trouble for Anil Agarwal

Vedanta Resources has $3.3 billion due between April 2021 and September 2022, only 65% of which will be covered by the dividends from its units

Metals to crude oil: Consumers face the brunt of commodities price surge

Durables makers hike prices to offset input costs

Sebi to introduce pre-expiry margins to curb negative price scenarios

Sebi will put in place pre-expiry margins on cash settled contracts wherein the underlying commodities are deemed to be susceptible to possible near zero or negative prices