Commodities News

Monsoon rains to reach Kerala coast on June 3
fe Bureau: May 15, 2013 at 1953 hrsThe forecast comes with an error margin of four days, which implies that monsoon rains could enter the country during June 3 – 7.
MMTC to refine 200 tonne gold, silver this fiscal
Press Trust of India: May 15, 2013 at 1822 hrsThe company had refined 55 tonne of gold and 15 tonne of silver in the last fiscal.
Silver prices drop on reduced offtake, global cues
Press Trust of India: May 15, 2013 at 1822 hrsSilver for delivery in July lost Rs 796, or 1.79 per cent to Rs 43,720 per kg in 32,342 lots.
Gold futures prices fall 0.71 pc on global cues
Press Trust of India: New Delhi, May 15, 2013 at 1738 hrs ISTTracking a weak global trend, gold prices fell in futures trade today as speculators offloaded their positions.
Gold price suffers second biggest fall this year, plunges by Rs 600
Press Trust of India: May 15, 2013 at 1620 hrsSilver prices followed suit and dropped by a massive Rs 800 today.
Gold demand may come down with decline in inflation: C Rangarajan
PTI: New Delhi, May 15, 2013 at 1408 hrs ISTSome action has been taken by RBI in terms of controlling gold demand.

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Gold price zooms by Rs 380 on wedding season demand, firm global cues
PTI: New Delhi, May 14, 2013 at 1616 hrs ISTSnapping a 3-day losing streak, gold prices today surged by Rs 380 to Rs 27,900 per 10 grams.
Gold import surge in April not sustainable, India's CAD fears to fade, say analysts
Press Trust of India: May 14, 2013 at 1528 hrsWeak domestic demand and fall in the prices of gold, oil will help narrow CAD: Nomura
Gold futures price up on firm global cues
PTI: New Delhi, May 14, 2013 at 1040 hrs ISTGold futures prices rose by 0.25 per cent to Rs 27,141 per 10 gm today.
Gold price rises on weaker dollar after three-day fall
Reuters: Singapore, May 14, 2013 at 0902 hrs ISTGold rose for the first time in four sessions on Tuesday, aided by a softer dollar.
Reserve Bank of India puts restrictions on gold imports by banks
Press Trust of India: May 13, 2013 at 1607 hrsIndia's CAD touched a record high of 6.7 per cent in the October-December quarter.
Indian gold imports jump 138 per cent to $ 7.5 bn in April
Press Trust of India: New Delhi, May 13, 2013 at 1738 hrs ISTGold imports are at highest so far this year, pushing up the trade deficit to USD 17.7 billion.
Gold price falls by Rs 180, brisk sales seen on Askshaya Tritiya
Press Trust of India: New Delhi, May 13, 2013 at 1747 hrs ISTGold prices today fell by Rs 180 to Rs 27,520 per ten grams in the national capital today.
Gold imports by India likely to exceed last yr's level to 900 tons: WGC
Press Trust of India: New Delhi, May 13, 2013 at 1747 hrs IST