Page 2 - Commodities

Silver imports likely to gain momentum from strong investment demand

Higher imports by the world's biggest silver consumer could give further support to global prices that are close to their highest level in 14 years

Gold rises ₹250 to hit fresh peak of ₹1.13 lakh per 10 g, shows data

Gold prices climbed Rs 250 to scale yet another peak of Rs 1,13,000 per 10 grams in the national capital on Wednesday, buoyed by robust buying by central banks globally, a weak dollar, and lingering geopolitical uncertainties. So far this year, the precious metal prices have added Rs 34,050 or 43.12 per cent, surging from Rs 78,950 per 10 grams on December 31, 2024. According to the All India Sarafa Association, the precious metal had closed at Rs 1,12,750 per 10 grams, rallying by Rs 5,080 on Tuesday. On Wednesday gold of 99.5 per cent purity also appreciated by Rs 250 to hit a lifetime high of Rs 1,12,500 per 10 grams (inclusive of all taxes). "Gold continues to trade near record highs, supported by a weakening US dollar index, which has slipped to a seven-week low, and growing expectations of aggressive rate cuts in the coming months. "Additional strength has come from retreating US Treasury yields and rising geopolitical tensions in the Middle East region, though much of this

Gold hits new peak above $3,600 per oz as traders weigh Fed rate-cut bets

Spot gold rose 0.9% to $3,617.79 per ounce at 1209 GMT after hitting a record high of $3,622.07 earlier in the session

Ferro alloys demand likely to grow at 7-8% CAGR in India: Report

India's ferro alloys demand is expected to grow at a CAGR of 7-8 per cent over the next five years, driven by higher steel production, according to markets research firm BigMint. At present, the demand of ferro alloys -- used to add various properties to steel -- in India is over 4 million tonnes, BigMint CEO Dhruv Goel said on Wednesday. Ferro alloys like silico manganese and ferro chrome, etc, act as deoxidisers and alloying agents, improving steel's properties like hardness, strength, corrosion resistance, and wear resistance, he said. The domestic ferro alloys capacity stands around 7.5 million tonnes, while the production is at 6 million tonnes, of which around 2 million tonnes are exported, the industry expert said at the '5th International Ferroy Alloys Conference 2025', organised by Indian Ferro Alloy Producers' Association (IFAPA). "India's ferro alloys industry has immense potential as the demand will continue to grow at 7-8 per cent CAGR till FY2030," Goel said, addressi

Silver surges ₹2,000 to hit fresh peak of ₹1.20 lakh per kg; gold up ₹500

Silver prices surged by Rs 2,000 to hit a fresh peak of Rs 1,20,000 per kilogram in the national capital on Wednesday, as traders flocked to safe-haven assets after the steep US tariff on Indian products came into effect. According to the All India Sarafa Association, the white metal had rallied Rs 3,000 to Rs 1,18,000 per kg on Tuesday. In the national capital, gold of 99.9 per cent purity climbed by Rs 500 to Rs 1,01,270 per 10 grams (inclusive of all taxes) on Wednesday. The precious metal had settled at Rs 1,00,770 per 10 grams in the previous market close. Additionally, the yellow metal of 99.5 per cent purity appreciated by Rs 400 to Rs 1,00,800 per 10 grams (inclusive of all taxes) on Wednesday. It had finished at Rs 1,00,400 per 10 grams on Tuesday. "Gold and silver are continuing their upward trajectory amid increased political unpredictability following President Donald Trump's dismissal of Federal Reserve Governor Lisa Cook," Renisha Chainani, Head - Research at Augmont

Crude oil prices fall ahead of Trump-Putin meeting at Alaska summit

Brent crude futures were down 89 cents, or 1.3 per cent, at $65.95 a barrel by 1315 GMT. U.S. West Texas Intermediate crude futures were 97 cents, or 1.5 per cent, lower at $62.99

Crude oil prices rise as US Fed rate cut, Trump-Putin talks loom

Central banks, like the U.S. Federal Reserve, use interest rates to control inflation. Lower interest rates reduce consumer borrowing costs and can boost economic growth and demand for oil

Gold scales new peak; existing investors should book partial profits

New ones should stagger purchases to avoid timing risk

Gold plunges ₹1,000 to ₹1,01,520 in NCR amid global markets sell-off

Gold prices plunged Rs 1,000 to Rs 1,01,520 per 10 grams in the national capital on Tuesday in line with a sell-off in global markets, according to the All India Sarafa Association. On Monday, the precious metal of 99.9 per cent purity had settled at Rs 1,02,520 per 10 grams. In the local markets, gold of 99.5 per cent purity dipped Rs 1,000 to Rs 1,01,100 per 10 grams (inclusive of all taxes) on Tuesday. "Gold prices dipped after US President Donald Trump clarified on social media that there would be no tariffs on gold imports. Although an official confirmation from the White House is still pending, the announcement eased some trade-related concerns," Abans Financial Services CEO Chintan Mehta said. Adding to this, the White House announced on Monday that the suspension of high-level tariffs on China will be extended until November 11. This decision has helped ease ongoing macroeconomic tensions for now, which has pressured gold prices downwards, Mehta added. On Tuesday, the rupe

US tariff hike likely to hit Rajasthan's gems and jewellery sector

Jaipur Sarafa Committee Chairman Kailash Mittal said that Rajasthan's jewellery traders are surprised by the tariff move but not overly worried

360 ONE Asset launches Multi Asset Allocation Fund: Who should invest?

360 One Multi Asset Allocation Fund is an open-ended scheme investing in a diversified portfolio of equities, debt, and commodities

Technical glitch delays Multi-Commodity Exchange trading by an hour on Wed

A technical outage delayed trading on the Multi-Commodity Exchange by an hour, as brokers were unable to place orders until the issue was resolved at 10:15 am

Gold imports in June fall to two-year low as record price dents demand

Domestic prices hit an all-time high of 101,078 rupees per 10 grams in June. Gold prices have risen 27 per cent so far this year after rising 21 per cent in 2024

Sebi renews MCXCCL's recognition as clearing corporation for 3 years

Markets regulator Sebi has renewed the recognition of Multi Commodity Exchange Clearing Corporation Ltd (MCXCCL) to act as a clearing corporation for three years beginning July 31. The three-year term would conclude on July 30, 2028, according to a notification issued by the Securities and Exchange Board of India (Sebi) on Monday. "Sebi, having considered the application for grant of renewal of recognition ... by MCXCCL... and being satisfied that it would be in the interest of the trade, in the interest of securities market and also in the public interest so to do, hereby grants ... renewal of recognition to the said clearing corporation for three years commencing on the 31st day of July, 2025 and ending on the 30th day of July, 2028," the notification noted. MCXCCL is a wholly owned subsidiary of Multi Commodity Exchange of India Limited (MCX).

Vegetable oil imports flat in June despite tariff cut boost to crude oils

India's vegetable oil imports remained flat at 15.49 lakh tonnes in June compared to the same month last year, even as shipments of crude edible oils surged more than 25 per cent, industry body Solvent Extractors Association (SEA) said on Monday. The rise in crude oil shipments came after the government reduced the Basic Customs Duty (BCD) on crude edible oils, including crude palm oil, crude soybean oil, and crude sunflower oil, to 10 per cent from 20 per cent, effective May 31. Total vegetable oils, comprising both edible and non-edible oils, stood at 15.50 lakh tonnes in June 2024. In the edible oil category, barring crude sunflower oils, imports of other crude edible oil variants rose 25.64 per cent to 11.51 lakh tonnes in June from 9.16 lakh tonnes a year earlier. However, crude sunflower oil shipments declined 53.58 per cent to 2.61 lakh tonnes in June from the year-ago period. According to SEA data, crude palm oil (CPO) imports rose 23.55 per cent to 7.88 lakh tonnes in Jun

Crude oil rises to 3-week high as investors eye Trump statement on Russia

Brent crude futures rose 58 cents, or 0.8 per cent, to $70.94 a barrel by 0900 GMT, while U.S. West Texas Intermediate crude futures climbed 59 cents, 0.9 per cent, to $69.04

Gold likely to trade firm next week on weak dollar, global risks: Analysts

Gold prices are likely to trade firm in the coming week supported by global risk aversion, persistent weakness in the US dollar index, and a flurry of trade-related developments, analysts said. Investors will closely monitor the release of US Consumer Price Inflation (CPI) and retail sale data, which could in turn provide more direction for the bullion prices, they added. Jateen Trivedi, VP Research Analyst, Commodity and Currency at LKP Securities, said gold is expected to trade strong in the coming week as long as it sustains above Rs 97,000 per 10 grams on the MCX. "Renewed trade tariff jitters and continued weakness in the dollar index are amplifying global risk aversion, prompting a shift away from risky assets toward safe-haven instruments like bullion," Trivedi noted, adding that a weak rupee could further aid upside momentum in the gold prices. Last week, the yellow metal futures for August delivery climbed Rs 842, or 0.86 per cent, on the Multi Commodity Exchange ...

Palm oil futures rise on better demand, likely lower June production

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 66 ringgit, or 1.66%, to 4,034 ringgit a metric ton by the midday break

Silver price outlook: 'Buy on dip' suggests analyst; check key levels here

Silver price outlook: The white metal at $36.69 was up around 1.1 per cent on the day as the US Dollar Index slumped for the fifth straight day amid healthy risk appetite

Motilal Oswal recommends 'buy' on MCX Copper, set target at ₹915

Motilal Oswal Wealth Management recommends buying in the range of ₹882 - ₹880, with a stop-loss below ₹855 on a closing basis