Commodity

SBI report calls for comprehensive national gold policy amid soaring prices

As gold prices soar to new heights, a study on Wednesday made a case for a comprehensive policy for the yellow metal as India is one of the world's largest bullion markets, influenced by a cultural affinity for the shiny metal and investment demand. Gold price has been reaching new heights driven by geo-political tensions, economic uncertainty, and a weakening US dollar, said the report titled 'Coming Of (A Turbulent) Age: The Great Global Gold Rush' by the State Bank of India's Economic Research Department. The year-to-date price has increased by over 50 per cent in 2025. The price came down to below USD 4,000 per ounce for a few days in October, but again moved above USD 4,000/oz in November. The report noted that the domestic supply of gold is only a fraction of the total gold supply in India, with imports contributing around 86 per cent of the total supply in 2024 as per the World Gold Council estimate. India is one of the largest gold markets, influenced by cultural affinity f

Here's how to trade Silver on October 31; check resistance, support here

Silver holding well despite elevated yields and a firmer US Dollar is a positive sign. However, easing the silver lease rate has taken out the bullish sting to some extent

Gold extends fall as investors book profits ahead of US inflation data

On the technical front, gold is supported by the 21-day moving average at $4,005

Asian stocks slip as Wall Street declines linger, commodities catch breath

SINGAPORE (Reuters) -Asian stocks limped towards the end of the week on a shaky footing on Friday as declines on Wall Street lingered into early trading, while commodity markets took a breather after their recent charge higher. Regional markets remain on track for one of their best years in a decade, firmly outstripping gains for U.S. counterparts as President Donald Trump's package of economic policies and tariffs prompts a surge of orders across the region to meet booming demand for AI-linked technology hardware. The U.S. trading session marked the point where a number of "well-subscribed, high-momentum trades" including gold, silver, crypto, and much of the S&P 500 "finally showed signs of exhaustion," said Chris Weston, head of research at Pepperstone Group Ltd in Melbourne. MSCI's broadest index of Asia-Pacific shares outside Japan fluctuated between gains and losses, last down 0.2% as its gains for the week hung in the balance, after U.S. stocks ended the previous .

Opec+ to raise oil output by 137,000 bpd from November, says report

OPEC+ has agreed in principle on a 137,000 bpd increase, three OPEC+ sources said ahead of an online meeting scheduled for 1100 GMT on Sunday

Gold may stay volatile as US funding bill, Fed cues guide next move

Gold prices are likely to remain volatile in the coming week, as investors track developments around the US government funding bill, labour market data and Federal Reserve commentary, analysts said. The release of the Federal Open Market Committee meeting minutes on Thursday is also likely to influence bullion market sentiment, they added. "The week ahead is relatively light on data, but volatility is expected to remain high with frequency to profit-booking likely to increase, followed by renewed buying as well. In the week ahead the focus will remain on voting for the US government funding bill, while on the data front it will be the labour market data, if released. "Federal Reserve official commentary will be closely watched with Fed Chair Jerome Powell's speech on Thursday," said Pranav Mer, Vice President, EBG - Commodity & Currency Research at JM Financial Services Ltd. Mer said gold prices added another 3.5-4 per cent to its recent gains last week, buoyed by a weaker US ...

Oil prices climb over 4% as Russia curbs fuel exports amid Ukraine attacks

Russia will introduce a partial ban on diesel exports until the end of the year and extend an existing ban on gasoline exports, Deputy Prime Minister Alexander Novak said on Thursday

Platinum: Gold's elder cousin poised for a comeback

For those willing to take a long-term view, platinum may once again reclaim its title as the elder cousin among precious metals - not necessarily surpassing gold in absolute terms but closing the gap

Gold outlook: Buy on dips as weak US data, trade risks support prices

President Trump said that US tariffs on semiconductor and pharmaceutical imports would be announced within the next week or so. Tariffs of pharmaceuticals could be as high as 250 per cent.

Gold may remain in consolidation phase amid global trade talks: Analysts

Gold prices are expected to witness further consolidation in the coming week as investors brace for a slew of events, ranging from central bank meetings, including the US Federal Open Market Committee (FOMC) meeting's outcome, to global trade negotiations, analysts said. Traders will also closely watch macroeconomic data, including Personal Consumption Expenditures (PCE) inflation numbers, employment data from the US, manufacturing PMI numbers from across regions and developments related to the August 1 trade deal deadline. August 1 marks the end of the suspension period of Trump tariffs imposed on dozens of countries, including India. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services, said, "Gold prices may see some consolidation in the week ahead as the focus will be on the outcome of trade negotiations between the US-Euro zone and the US-China along the policy meeting of the US Federal Reserve and Bank of Japan, both of them expected to keep

Russian crude flows set to rise despite low discounts, say officials

Russian crude may rise in India's oil mix amid Middle East tensions, but LNG from Qatar and UAE-under long-term contracts-remains hard to replace

Xi-Trump call signals thaw in tensions; gold dips 1%, silver at 13-yr high

Spot gold fell 0.9 per cent to $3,347.79 an ounce, as of 12:12 p.m. EDT (1612 GMT) after trading 0.6 per cent higher earlier

Arya.ag NBFC arm does Rs 2,000 crore commodity financing in FY25

"Most of the NBFCs working on our space do a commodity finance of around Rs 1000 crore maximum, but we are among the first to have reached this milestone," said Anand Chandra, co-promoter of Arya.ag

How to trade Gold today? Praveen Singh of Mirae Asset Sharekhan suggests

Spot gold was trading at $3,039, down around 0.25 per cent on the day, at the time of writing. The MCX Gold April contract at Rs 88,700 was up around 0.1 per cent

Voting advisory firms back commodity major Vedanta's demerger plan

Shareholder vote on the proposal from February 13 to 17

Stock markets closed: BSE, NSE shut trading across segments for Christmas

The closure applies to equity, equity derivatives, SLB, and currency derivatives segments. Commodity markets will also remain shut during both morning and evening sessions

MCX launches cotton seed wash oil futures, offers cash-settled contracts

Leading commodity bourse MCX on Tuesday announced the launch of cotton seed wash oil futures. Each contract will have a trading unit of 5 tonne with a base value quoted in Rupee per 10 kg at Ex-Tank Kadi, Gujarat, MCX said in a statement. The margin requirement for entering into the contract is approximately 12 per cent, providing participants with affordable access to hedging. Contracts will be cash-settled, providing greater convenience and efficient opportunity for risk management for participants across the supply chain, the statement added. According to MCX, the futures trading in cotton seed wash oil will help the cottonseed oil industry, particularly the crushers, who often grapple with price volatility due to fluctuating market dynamics, raw material availability, and unpredictable international trend.

Commodity major Hindustan Zinc offer for sale gets bids for Rs 3,150 crore

Promoter less than half of what Vedanta was eyeing

Govt proposes mandatory labelling for bulk pre-packaged commodities

The Consumer Affairs Ministry on Sunday proposed an amendment to the Legal Metrology (Packaged Commodities) Rules, 2011, seeking to mandate the declaration of key information on pre-packaged commodities weighing over 25 kg or measuring more than 25 litres sold in retail markets. The move aims to close a loophole that currently exempts such bulk packages from displaying crucial details like maximum retail price (MRP), best before date, manufacturer information, and country of origin. "It is observed that packaged commodities above 25 kg are also available in the market for retail sale, which is not as per the intention to make all declarations on pre-packaged commodities meant for retail sale," the ministry said in a statement. The proposed amendment would require manufacturers, packers, and importers to provide comprehensive labelling on all pre-packaged goods intended for retail sale, regardless of quantity. This is expected to bring clarity to the industry and aid consumers in ..

Large food firms start biting back to win market share from smaller players

Small players typically enter the market when the commodity cycle enters into a downward territory and offer stiff competition to larger players with similar offerings at lower prices