Commodities

Cotton price to go up on lower output forecast

The cotton price will increase further in the current season on the back of recent revised production estimates.

Commodities News

No end in sight for petrol, diesel price hike? Crude oil price may soar, says top brokerage

With Brent touching five-month high on Monday, Goldman Sachs has raised its crude oil price forecast for this year, in what could worry for the Indian government and consumers alike, who may have to f

crude oil, India, Mexican crude, crude oil for India, Mexcio, international prices of crude, Mexican export, crude imports, clean energy News

Gold trades near 2-week high on dovish central banks

Spot gold was flat at $1,307.91 per ounce as of 0110 GMT, after touching its highest since March 28 at $1,310.50 in the previous session.

gold price, US Federal Reserve, US Federal Reserve, global economy, European Central Bank, Emmanuel Macron, Theresa May, European Union News

Oil prices dip on surging US crude stockpiles

U.S. crude oil production remained at a record 12.2 million barrels per day (bpd), making the United States the world's biggest oil producer ahead of Russia and Saudi Arabia.

Oil prices, US crude stockpiles, Russia, Saudi Arabia, OPEC, global oil markets, Libya News

No more tears: Nashik onion growers start getting govt subsidy

Modal prices of summer onions had dipped below Rs 170 per quintal due to the glut in the market.

Commodities News

Oil price rises amid OPEC supply cuts, US sanctions

Both benchmarks hit five-month highs on Tuesday, before easing on global growth worries and concerns about a rise in Russian supplies.

Commodities News

India delays May order for Iran oil, awaits clarity on sanctions waiver, say sources

Iran's president Rouhani said Tehran will resist U.S. pressure and hailed IRGC as defenders of Iranians.

Commodities News

Golden goose: Govt reaps bonanza by selling 9,000 kg gold it got in monetisation scheme

The state-run trading firm MMTC has auctioned more than 9,000 Kgs of gold garnered under medium term and long term government deposit schemes of gold monetisation scheme.

Gold holds near one-week high on subdued dollar, equities News

Gold holds near one-week high on subdued dollar, equities

Gold inched higher on Tuesday, trading just below a more than one-week peak hit in the previous session, as Asian equities eased and the dollar weakened following sombre U.S. economic data.

Gold holds near one-week high on subdued dollar, equities News

Oil prices hit highest in 5 months as Libya fighting tightens supply

International benchmark Brent futures touched their strongest level since last November at $71.34 per barrel on Tuesday, and were still at $71.16 at 0057 GMT, up 6 cents, or 0.1 percent, from their la

Commodities News

India has nearly 10 times gold as Pakistan; check top 10 countries countries by gold reserve

While India’s penchant for yellow metal gold is well-known, the country’s bullion reserves at a whopping 607 tonnes is far ahead of Pakistan.

Gold treads water as solid US jobs data lifts risk assets News

Gold treads water as solid US jobs data lifts risk assets

Gold was little changed on Monday as strong U.S. jobs data boosted investors' appetite for riskier assets, with markets awaiting minutes of the Federal Reserve's March meeting later this week.

Gold treads water as solid US jobs data lifts risk assets News

Oil hits November 2018 highs amid OPEC supply cuts, US sanctions

Oil prices rose to five-month highs on Monday, driven up by OPEC's ongoing supply cuts, U.S. sanctions against Iran and Venezuela and healthy U.S. jobs data.

Oil hits November 2018 highs amid OPEC supply cuts, US sanctions News

Maharashtra targets to export 2,500 tonnes of Alphonso, Kesar mangoes

The board had been holding regular workshops with both farmers and buyers to encourage exports, he said, adding that the board had taken huge efforts to ensure that more mango growers register their o

Commodities News

Petrol price today: Fuel prices increase by 5 paise in Delhi, Mumbai, Kolata and Chennai

Fuel prices increased mildly today on April 5 across Delhi, Mumbai, Kolkata and Chennai after the oil marketing companies hiked fuel prices by 5 paise.

Commodities News

Gold steadies above 10-week low; focus on US jobs data

Gold was little changed on Friday, having slid to its lowest level in 10-weeks in the previous session as the dollar strengthened ahead of the U.S. nonfarm payrolls data due later in the day.

Gold steadies above 10-week low; focus on US jobs data News

Oversupply prompts tea growers to bring small holders under export chain

Oversupply of tea has led to drop in CTC prices by `30 a kg this year at the farm gate, although Orthodox prices were higher by `30 a kg this year, driven by higher demand for exports. “ We are carr

Commodities News

Oil prices fall, Brent drops away from $70

U.S. West Texas Intermediate (WTI) crude was down 2 cents at $62.08. The contract fell 36 cents in the previous session, having hit hit $62.99 on Wednesday, its highest since November.

Commodities News

Gold edges higher as dollar eases, equities rally pauses

Gold prices inched up on Thursday as the dollar eased and a rally in equities paused, while investors kept a close watch on Sino-U.S. trade talks.

Gold edges higher as dollar eases, equities rally pauses News

Oil prices edge lower after US inventories build

Oil prices dipped on Thursday, with Brent edging away from the psychologically important $70 level after easing in the previous session on data showing a surprise build in U.S. inventories.

Commodities News

Relief for Maharashtra farmers; grape exports surge 20% this season

Exports are likely to surpass the previous year's level as there is a rise in the output of export-quality grapes this year, following conducive weather in key growing areas of Maharashtra.

Commodities News

On a high: Ethanol makers look to substitute 7.2% of petrol usage

Previously, the best ever achieved was last year, when contracts for 160 cr l were signed and 150 cr l of ethanol was supplied in the 2017-18 ethanol supply period. Average all-India ethanol blending

Commodities News

Solvent extractors’ body seeks 5 pct cess on import of RBD Palmolein

In response to this, the Solvent Extractors Association of India (SEA) has sent a memorandum to the Centre, requesting the government to impose 5% cess on the import of RBD Palmolein to safeguard the

Commodities News

Mahanagar Gas to hike prices of CNG and PNG from April 4

Accordingly, revised delivered prices inclusive of all taxes of CNG and PNG in and around Mumbai will be Rs 51.57 per kg and Rs 31.53 per SCM (slab 1) and Rs 37.13 per SCM (slab 2) respectively.

Mahanagar Gas, gas prise, gas price hike, CNG and PNG, CNG price, png price, commodities news

Gas price hike may give temporary relief to gas producers

"The increase in domestic gas price is in line with the rise in global gas indices primarily Henry Hub over the reference period and takes the price to its highest level in two and a half years. Howev

Gas price hike, gas producers, LNG prices, ONGC, icra, domestic gas prices News

Gold inches lower as equities hover near 7-month peak

Gold prices slipped on Wednesday, after touching their lowest level in four weeks in the previous session, as equities traded near a seven-month high, denting bullion's appeal.

Gold inches lower as equities hover near 7-month peak News

Oil rises for fourth day, shrugs off inventory build

Oil prices rose for a fourth day on Wednesday, holding firm despite an industry report showing that U.S. inventories rose unexpectedly last week, with supply cuts and sanctions supporting the market.

Oil rises for fourth day, shrugs off inventory build News
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