Commodities

Gold imports rise by 22.58% to $34.6 bn in 2020-21

Gold imports, which have a bearing on the country's current account deficit (CAD), rose by 22.58 per cent to USD 34.6 billion (about Rs 2.54 lakh crore) during 2020-21 due to increased domestic demand, according to the Commerce Ministry data.
Gold imports, increased domestic demand,, gold import, increased domestic demand, Akshaya Tritiya and marriage season , CAD, Gems and jewellery exports

Gold prices recover in India, back above Rs 47,000; MCX gold to soon touch Rs 48,850 per 10 gm

Gold prices recovered in Indian markets on Friday, after closing above Rs 47,000 per 10 gram for the first time since February 23, 2021, in the previous session

Gold and Silver Price Today Gold rises by Rs 60 tracking global trends CHECK 10 GRAM GOLD PRICE IN DELHI

Petrol and diesel price today 16 April 2021: Fuel cost unchanged; check rates in Mumbai, Delhi here

Petrol and Diesel Price Today in India: Petrol and Diesel rate on April 16 remained the same as yesterday. Rates are highest in Mumbai among metro cities.

Petrol and Diesel Price in India, Petrol and Diesel Rate Today in India

Cotton crop estimate increased to 360 lakh bales for 2020-21

The total cotton supply for the period of October 2020 to March 2021 is estimated at 459.26 lakh bales, which includes the arrivals of 326.76 lakh bales, imports of 7.50 lakh bales and the opening sto

The CAI crop committee has estimated the total cotton supply till end of the cotton season 2020-21at 496 lakh bales.

Petrol price cut by 16 paise, diesel 14 paise

Fuel prices were reduced for the first time in six months on March 24 after international oil prices fell on the prospect of speedy recovery in consumption getting clouded by the second wave of COVID-

In three reductions, petrol price has come down by 61 paise per litre and diesel by 60 paise. After Thursday's price cut, the total reduction comes to 67 paise in case of petrol and 74 paise on diesel.

Gold prices edge higher, still down Rs 9,400 per 10 gm from record high; silver rates gain

Gold prices were trading higher in India on Thursday, following the international spot prices.

MCX gold, silver, gold price

Petrol and diesel price today 15 April 2021: Fuel rates cut after 15 days; check price in Mumbai, Delhi here

Petrol and Diesel Price Today in India: Petrol and Diesel rate on April 15 were cut for the first time after having remained steady for 15 days. Price of petrol in Delhi was 16 paise cheaper today.

Petrol and Diesel Price in India, Petrol and Diesel Rate Today in India

Soybean meal exports likely to cross 18 lakh tonne this season

The poultry industry has sought a duty-free import of 12 lakh tonne of soybean to meet its demand. According to Jain, the poultry and aquaculture industry needs 50 lakh tonne of soybean meal annually.

Soybean prices have crossed Rs 6,500-7,000 per quintal in key markets in Maharashtra and other states.

Auto-fuel prices seen rising after elections to support OMC margins

The marketing margin of around Rs 3.5 per litre in Q4FY21 is the lowest encountered by OMCs in the last nine quarters and with production cuts by OPEC+ and vaccine rollout supporting demand, the margi

On Wednesday, retail petrol price in Delhi was Rs 90.56/litre, as rates kept falling since March 24 from the all-time high level of Rs 91.17/litre.

Petrol and diesel price today 14 April 2021: Fuel rates remain steady for fifteenth day; check prices here

Petrol and Diesel Price Today in India: Petrol and Diesel rate on April 14 remained the same as yesterday. Mumbai continues to have the highest fuel prices among metros.

petrol and Diesel price

Hallmarking of gold jewellery to be mandatory from June 1

The government said on Tuesday it is fully prepared to implement compulsory hallmarking of gold jewellery and artefacts from June 1, amid rumours that the scheme’s rollout could be delayed.

gold

Castor crop estimate revised to 17.8 lakh tonne

The yield has also been revised down to 2,157 kg/hectare from 2,303 kg/hectare.

Gold prices trade marginally higher; still down nearly Rs 10,000 per 10 gm from record high

Gold and silver prices in India gained marginally on Tuesday, due to a weaker rupee against the US dollar.

gold rates, gold prices, silver

Petrol and diesel price today 13 April 2021: Fuel cost remain unchanged for fourteenth day; check rates here

Petrol and Diesel Price Today in India: Petrol and Diesel rates have now remained the same across Mumbai, Delhi, and other metro cities for two weeks.

Petrol and Diesel Price in India, Petrol and Diesel Rate Today in India

Fall in gold prices may not significantly impact NBFCs asset quality: Report

The recent fall in gold prices is unlikely to affect the asset quality of non-banking financial companies (NBFCs) lending against gold in a considerable manner, according to a report.

gold

Petrol and diesel price today 12 April 2021: Fuel prices steady; check rates in Mumbai, Delhi, other cities

Petrol and Diesel Price Today in India: Petrol and Diesel prices on April 12 remained the same. Fuel rates were the highest in Mumbai among metro cities.

Petrol and Diesel Price in India, Petrol and Diesel Rate Today in India

Petrol and diesel price today 10 April 2021: Fuel prices steady; check rates in Mumbai, Delhi, other cities

Petrol and Diesel Price Today in India: Petrol and Diesel rate on April 10, 2021, remained the same as yesterday. Fuel prices are the highest in Mumbai.

Petrol and Diesel Price in India, Petrol and Diesel Rate Today in India

Aramco signs $12.4 bln pipeline deal with EIG-led consortium

Aramco said last month it was betting on an Asian-led rebound in energy demand this year after it reported a steep slide in net profit for 2020 on Sunday and scaled back its spending plans.

Petroleum consumption contracts 9.1% in FY21

Petroleum sales have fallen for the first time since FY99, for which data is available with the government’s petroleum planning and analysis cell (PPAC).

Diesel usage, which comprise about 40% of overall product sales, dipped 11.9% to 72.7 MT in FY21, while demand of petrol fell 6.7% to 27.9 MT.

India’s fuel consumption contracts 9.1 pc in FY21; first since 1998-99

India consumed 194.63 million tonnes of petroleum products in 2020-21 as compared with 214.12 million tonnes demand in the previous year, according to the latest data released by the oil ministry's Pe

Fuel consumption had halved in April last year following the imposition of the lockdown. It started to recover after the lockdown restrictions were eased.

Zaid crops sowing up 16.49 pc so far this year: Govt

The total area sown to zaid (summer) crops has increased by 16.49 per cent to 67.87 lakh hectare so far this year and maximum coverage has been under paddy, according to Agriculture Ministry data

zaid crops, Agriculture Ministry data, Rabi (winter) harvest, Kharif (monsoon) sowing, covid pandemic, Agriculture crops

Gold prices trade weak, down 17% from record high; may touch Rs 48,500 in coming days

Gold and silver prices fell in Indian markets on Friday, amid weak global cues. Gold June futures were ruling at Rs 46,759 per 10 gram, down Rs 79 or 0.17 per cent.

gold, silver, gold rates, gold mcx, MCX

Petrol and diesel price today 9 April 2021: Fuel prices steady; check rates in Mumbai, Delhi, other cities

Petrol and Diesel Price Today in India: Petrol and Diesel rate on April 9 remained the same as yesterday. Fuel prices are the highest in Mumbai.

Petrol and Diesel Price in India, Petrol and Diesel Rate Today in India

Rising DAP, potash prices dampen kharif yield prospects

Prices of phosphatic and potassic fertilisers are determined by the market as subsidies provided by the government are minimal and fixed. These fertilisers are mostly imported.

India’s fertiliser consumption in FY20 was about 61 million tonne — of which 55% was urea — and is estimated to have increased by 5 million tonne in FY21. Since non-urea (MoP, DAP, complex) varieties cost higher, many farmers prefer to use more urea than actually needed.
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