Commodities

Government considering lifting ban on onion exports

Onion prices have come down to around Rs 60-70 per kg depending upon quality and locality from the peak of Rs 160 per kg last month.
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Oil prices gain on Libya, Iraq supply worries

If Libyan exports are halted for any sustained period, storage tanks will fill within days and production will slow to 72,000 barrels per day (bpd), an NOC spokesman said.

Commodities News

Government planning to diversify crude oil sources; Middle Eastern import slumps to 4-year low

The drive to expand crude sources also reflects a push by Prime Minister Narendra Modi to bolster ties with countries like Russia and the United States. India's overall oil imports in 2019 fell by abo

Commodities News

Gold trades flat on Monday after minor profit booking in opening session

The gold February futures were trading flat at Rs 39,945 per 10 grams on MCX, while silver futures were ruling at Rs 46,788 per Kg, up Rs 32.

Commodities News

Govt plans to extend urad imports till June on likely domestic shortage: Sources

India's dependence on pulses import is reducing as domestic production has been increasing in the last few years on account of government measures.

Pulses production has improved to the level of 230 lakh tonne since 2016-17 from 160-180 lakh tonnes level. News

Oil steadies as Chinese economy offsets trade optimism

The market was lifted by the US Senate's approval of changes to the US-Mexico-Canada Free Trade Agreement.

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Gold loan market may touch Rs 4.61 lakh crore by 2022: KPMG

As 2019 saw prices of the precious metal reaching an all-time high, the gold loan companies will be more conservative in their approach towards disbursing loans until prices stabilise.

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India’s gold loan market to touch Rs 4,617 billion by 2022

According to the report, today's gold loan companies are competing not just against other players but against financial services providers too.

gold loan market, india gold loan market, KPMG India, NBFC, organised sector, gold loan sector News

Gold prices rise for third consecutive day, Silver rates up Rs 140

Gold prices had gained 18 per cent last year on the back of the trade war and its impact on the global economy.

Commodities News

Oil ends higher, as trade deal progress spurs energy demand hopes

A day earlier, U.S. and Chinese leaders signed the Phase 1 trade deal calling for the world's largest energy importer to buy $50 billion more of U.S. oil, liquefied natural gas and other energy produc

Commodities News

CCI procures 40,000 bales of cotton at MSP

Nearly 40% of the arrivals have come into the market till date.

cotton, cotton industry News

Natural Rubber prices surge at tail end of peak season

From Rs 120 per kg in the first week of November, the price of premium grade RSS-4 has crossed Rs 137 per kg this week.

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Gold hallmarking becomes mandatory! Here’s what it means for buyers

The move will go a long way in safeguarding consumer interests and end the arbitrariness in establishing purity of the precious metal at the point of sale.

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Gold trades flat on Thursday as US-China phase one trade deal concludes

On MCX, gold February futures were trading Rs 57 or 0.14 per cent higher at Rs 39,668 per 10 grams while Silver futures were trading Rs 128 or 0.28 per cent lower at Rs 46,261 per kg.

Commodities News

Oil prices rise as China agrees to more US energy purchases

Under the so-called Phase 1 deal to call a truce in a trade war between the world's two biggest economies, China committed to buying over $50 billion more of U.S. oil, liquefied natural gas and other

Commodities News

Gold to maintain its lustre among investors in 2020

The reason for this, according to Tapan Patel, senior manager - commodities, HDFC Securities is the trade war, which has been ongoing since the last 18 months.

In order to manage foreign exchange reserves in a slowing economy, central banks have resorted to buying gold. News

India offers 11 oil and gas blocks in 5th bid round

These 94 blocks cover an exploratory area of about 1,36,800 square kilometers over 16 Indian Sedimentary Basins, the Directorate General of Hydrocarbons (DGH) said in a statement.

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Gold prices inch up on Wednesday after two-day losing streak as US, China trade deal seen far

On MCX, Gold February futures were trading 0.59 per cent or Rs 233 higher to Rs 39,680 per gram, while Silver futures also rose 0.80 per cent or Rs 369 to Rs 46,272 on MCX as investors are keenly wait

Commodities News

Oil prices slip on concerns US-China trade deal may not boost demand

Brent crude was down 21 cents, or 0.3%, at $64.28 per barrel by 0206 GMT. U.S. West Texas Intermediate crude futures were down 23 cents, or 0.4%, at $58.00 a barrel.

Commodities News

Refined palm oil: Trade body wants government to cap imports

India is the world’s largest importer of palm oil, buying more than 9 million tonne annually mainly from Indonesia and Malaysia.

Last week, the government had put plam oil imports from Malaysia under restricted category News

Gold to rally in 2020, India needs to cut duties: David Tait, WGC CEO

Gold shone for many investors in 2019, as global trading volumes rose 27% y-o-y to $145bn a day, compared with $114bn in 2018.

High gold duty in times of elevated global prices often weighs on purchases by Indians, most of whom opt for small-ticket transactions. News

Jewellers to sell only 14, 18, 22 carat hallmarked gold jewellery from January 2021: Ram Vilas Paswan

Jewellers have been given one year time to register with the Bureau of Indian Standards (BIS) and implement the mandatory hallmarking of gold jewellery to ensure purity of the precious metal, he told

Ram Vilas Paswan, hallmarked jewellery, gold jewellery, Bureau of Indian Standards, Consumer Affairs Ministry, WTO website News

States shun imported onions; Centre fears stock may rot

Consumer Affairs Minister Ram Vilas Paswan said the Centre is offering onions to states at Rs 55 per kg landed cost and is ready to bear the cost of transporting the commodity.

onion price rise, onion price rise, onion price in delhi, onion rates, onion imports, ram vilas paswan News

Gold prices fall Rs 200 as US, China head for truce; gold may trade in this range in near term

On MCX, February futures were down 0.52 per cent or Rs 207 to Rs 39,312 per 10 gram, tracking a decline in global rates. Silver prices, too, on MCX fell over 1 per cent or Rs 533 to Rs 45,964 per kg a

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