CNG price in Delhi hiked by Re 1 per kg

Indraprastha Gas Ltd (IGL), the firm that retails CNG to automobiles and piped natural gas to household kitchens, revised CNG price in the national capital "from Rs 42/ kg to Rs 43/ kg, w.e.f. 6 am on 2nd June 2020," the firm tweeted.
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Home delivery of petrol, CNG: Govt mulling new retailing model to make all fuels available at one place

The minister said city gas network of CNG supplies to automobiles and piped cooking gas to kitchens will soon cover 72 per cent of the country's population.

Indian Oil Corp (IOC), the nation's largest fuel retailer, in September 2018 started home delivery of diesel through a mobile dispenser. News

Gold prices jump today as investors seek safe-haven assets amid heightened US-China tensions

The gold prices on the MCX inched higher as overnight COMEX gold appreciated due to worsening economic data from the US and trade relations with China

gold demand, demand for gold in india, world gold council, WGC, jewellery, gold investment, gold imports News

Uttar Pradesh clocks highest ever sugar production

The increase in UP’s production is significant when seen in the national context, which has posted a 19% decline in production from 32.61 million tonne to 26.36 million tonne till May 15.

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Gold prices fall even as rates in international market rise; here’s what dragging down gold prices

On MCX, gold June futures were trading 0.2 per cent down at Rs 46,426 per 10 gram while silver July futures were ruling at Rs 48,350 per kg, down 0.08 per cent

Commodities News

Winged terror: Locusts now in 6 states; farm output under threat

Normally, with the arrival of the monsoon, locust swarms enter the desert areas of India via Pakistan for breeding in the summer of June-July.

“This year’s incident will be probably larger than the last major one in 1993 that India faced,” he said. News

CAI urges Centre to take steps to control desert locust attack

In a representation to both the ministers, Atul Ganatra, president, CAI said that sowing of cotton in north India is complete to the extent of 80%.

A swarm of desert locusts, which is a type of a species of short-horned grasshoppers, flew across Vidarbha’s Amravati, Wardha and Nagpur on Tuesday causing panic among farmers. News

Crude oil at biggest discount in over a decade; this is where Indian Oil is still buying oil from

Gulf producers such as Iraq and Saudi Arabia -- which together supplied around 40% of India’s oil imports last year -- have been offering cargoes at very attractive prices recently, Sanjiv Singh, ch

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Gold prices rise as US-China tension, coronavirus cases spike; still down Rs 1,000 from record high

On MCX, gold June futures were up 0.28 per cent or Rs 132 at Rs 47,105 per 10 grams. While silver July futures advanced 1.39 per cent or Rs 670 to Rs 48,927 per kg

Commodities News

Gujarat poised to witness 40% hike in summer groundnut crop

Not only groundnut, production of oilseed sesame (til) is estimated to have doubled compared to previous year from 11,650 MT to almost 24,500 MT, which indicates 110% increase.

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MCX will now allow crude oil trading in negative, exchange releases API to record prices below zero

A month after settling the crude oil contracts in the negative, India’s largest commodity derivative segment, MCX, has released a new application programming interface which will facilitate a negati

Commodities News

Tomato prices fall 3-year low at Rs 3-10/kg in Delhi, Bengaluru, Hyderabad wholesale markets

The steep fall in prices of tomatoes was due to higher supply of the commodity amid sluggish demand and lack of smooth movement of perishable commodities in this COVID-19 crisis, experts said.

In Delhi, the tomato crop is coming from Haryana, Uttar Pradesh, Madhya Pradesh and Rajasthan, it said. News

Gold prices rise today due to RBI rate cut, US-China trade tension, spike in coronavirus cases

On MCX, gold June futures were trading Rs 400 or 0.86 per cent higher at Rs 46,788 per 10 grams, while silver July futures were up just Rs 80 or 0.17 per cent at Rs 47,415 per Kg

Commodities News

Gold price headed for Rs 50,000 per 10 grams in next quarter: Best performing asset in 2020

Outlook for both precious metals remains bullish with gold prices expected to trade around Rs 50000 in next quarter while for silver, we anticipate prices around Rs 54000

Commodities News

CCI procures record 92 lakh bales of cotton this season

P Alli Rani, CMD, CCI said that this is a global record of procurement by any single agency. The total procurement by CCI is valued at around Rs 25,000 crore.

The Cotton Association of India has pegged 2019-20 crop at 354.5 lakh bales, compared with 312 lakh bales last year. News

Gold prices gain today as coronavirus cases spike, analysts see buying opportunity in yellow metal

On MCX, gold June futures were trading Rs 190 or 0.40 per cent higher at Rs 47,240 per 10 grams, Earlier this week, gold price hit a fresh record high of Rs 47,929 per 10 grams

Commodities News

Vashi APMC reopens after week-long shutdown

A decision to open the market was taken at a meeting of all stakeholders along with government officials on Saturday.

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Sugar output declines 19% to 26 mt in current season so far

Amid Covid-affected times, contracts for export of 4.2 mt have been made till beginning of May 2020.

Commodities News

Gold prices hit record high today, surge 25% in two months; should you buy, sell or hold yellow metal

On MCX, the gold June futures were trading at Rs 47,860 per 10 grams, up Rs 479 or 1.01 per cent, While silver July futures were ruling Rs 1,580 or 3.38 per cent higher at Rs 48,298 per Kg

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Stock limits on food processors lifted; ‘contract farming’ legal

Many food processors and other investors in the allied sectors may now be prompted to enter contract farming, as the government has virtually given legal backing to such ventures.

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Crude oil price fall is gain for gold; will crude fall below zero again

Crude Oil has recovered smartly in the last week by more than 20%. From the lows below 900, it has fantastically rebounded.

Commodities News

Rabi wheat purchases likely to miss record due to delayed start of purchase, lower arrivals

Contrary to expectations, wheat procurement in the ongoing season may not exceed the record of 38.15 million tonne (MT) achieved during the corresponding season in 2012-13 season due to a delayed star

Commodities News

Gold prices rise today, trade above Rs 46,500 as US-China tensions intensify; silver jumps Rs 1,000

On MCX, gold June futures were trading at Rs 46,842 per 10 grams, up Rs 188 or 0.40 per cent. While silver July futures were ruling Rs 1,015 or 2.30 per cent higher at Rs 45,150 per kg

Commodities News

Millers advised to divert excess cane/sugar to produce ethanol

The move comes in the wake of the surplus production and excess availability of sugar, which has been continuously depressing ex-mill prices.

The Centre has advised sugar millers to divert excess sugarcane or sugar to produce fuel-grade ethanol. News
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