Commodities

Gold prices fall Rs 372 on weak demand, strong rupee

The spot rupee gained by 21 paise against dollar during the day," Tapan Patel, senior analyst (commodities), HDFC Securities said.

Gold prices, HDFC Securities, PMI data, US-China trade talks, US dollar, global gold demand News

Ethanol price reset to add sugar mills revenue, reduce surplus

This continuance of government support through remunerative prices for ethanol is likely to support the profitability of the sugar industry.

Cabinet Committee on Economic Affairs, CCEA, sugarcane extracted ethanol, petrol, ethanol blended fuel, india oil import bill, sugar industry india, sugarcane farmers india, Indian Sugar Mills Association, GST ethanol, GST petrol, thanol blended petrol EBP, News

Maharashtra: Sugar prices drop again on lower demand

The Centre’s recent export subsidy of `1,048 per tonne is expected to help sugar industry across the country, including Maharashtra.

sugar, sugarcane plantation, maharshtra sugarcane farmers, sugar mill Maharashtra, sugar industry Maharashtra News

Gold eases as equities gain on Brexit, Hong Kong progress

India's gold imports plunged 73% in August from a year ago to the lowest level in three years as a rally in local prices to a record high and a hike in import duty discouraged retail buying, a governm

U.S. gold futures were down 0.2% at $1,557.8 an ounce. News

Cardamon prices likely to decline on fresh arrivals

Reports of lower production due to climate vagaries are likely to support the market and provide an upside in the medium to long term

Cardamom prices, Cardamom fresh arrivals, Cardamom production, Cardamom climate vagaries, Cardamom market, India second largest producer of cardamom, cardamom in india, cardamom Guatemala, PC Punnose of Idukki based Cardamom Processing and Marketing Company, CPMC cardamom News

India’s August gold imports hit 3-year low as prices jump to record

India imported 30 tonnes of gold in August, down from 111.47 tonnes a year ago, the source said.

In value terms, the country's imports in the month fell 62% to $1.37 billion (File photo) News

Gold prices steady as economic growth woes dent risk sentiment

Spot gold was up 0.1% at $1,548.31 per ounce at 0121 GMT, having touched a one-week high of $1,549.80 earlier in the session.

US gold futures were steady at $1,555.6 an ounce. News

Negative yield on bonds globally pushing up gold prices to new highs

If growth worries persist due to trade war, gold prices would go even higher driven by large ETF gold holdings

Gold prices, US china trade tension, global trade, Jerome Powell, Spot gold, US gold futures, US Federal Reserve News

Gold slips Rs 40 to Rs 39,600 on muted demand

Gold prices on Monday inched Rs 40 lower to Rs 39,600 per 10 gram at the bullion market here owing to lower demand from local jewellers, according to the All India Sarafa Association.

Commodities News

CNG, LPG get costlier: Double whammy for your household budget; here’s how much you will pay now

Consumers may have to bear the double whammy of increased LPG and CNG prices as both were increased on Sunday.

non-subsidised LPG price raised by Rs 15.5 per cylinder News

Gold shines amid US, China trade war, growing fears of global economic slowdown

Escalation in the trade war between the world's biggest economies and heightened fears over a global downturn contributed to a rise of more than $100 for gold in August.

Commodities News

Oil falls as US, China add more tariffs; worries rise over hit to global growth, demand

Oil prices were lower on Monday after new tariffs imposed by the United States and China came into force, raising concerns about a further hit to global growth and demand for crude.

India, Russia, OPEC, oil price, CNG, oil rates, LNG, market news, economy news,oil refining, petrochemicals News

CNG price in Delhi hiked by 50 paise, third since April

The new consumer price will be Rs 47.10 per kg in Delhi and Rs 53.50 per kg in Noida, Greater Noida and Ghaziabad.

The price of CNG sold to automobiles in Gurugram and Rewari would be Rs 58.95 per kg and in Karnal it would be Rs 55.95, IGL said. (File photo) News

Coal India foresees 53-MT shortage in FY26 at 100 pct supply level

On June 24, CIL made a presentation to the Union coal ministry on the coal balance scenario based on the projected demand of the fuel.

Coal India, power purchase agreements, Adani Power, coal supply, coal supply News

NMDC planning to expand mining capacity by over 50 pct

Development of greenfield mine (Deposit 13), which has been planned through joint venture with Chhattisgarh Mineral Development Corporation, will add a capacity of 10 MTPA in next four to five years,

NMDC planning, MTPA, Mining Lease, Tanzania, Legacy Iron Ore Limited Company News

Maharashtra official favours curbs on cane farming in parched Marathwada

Aurangabad divisional commissioner Sunil Kendrekar told FE that he is giving final touches to a report on measures to save water in the region and plans to present it to chief minister Devendra Fadnav

Marathwada, Maharashtra farmers, Devendra Fadnavis, CACP,  sugarcane, water intensive crops, water saving techniques News

Onion prices continue to rule at around Rs 50 per kg in Delhi

Onion prices in the national capital continue to rule high at around Rs 50 per kg on Friday due to sluggish supply from flood-hit growing states, according to a trade source.

Commodities News

ICRA Report: High stocks to hit sugar prices despite likely decline in output

Pressure is likely to continue on sugar prices and the consequent operating margins in FY20

sugar stocks, ICRA Report, sugar price, sugar production, Karnataka, Maharashtra, CCEA, sugarcane prices, MSP for sugar News

Onion output pegged flat at 23.28 million tonne in 2018-19

As per the third advance estimate released by the ministry, total production of horticulture crops is pegged slightly higher at 313.85 million tonne for the 2018-19 crop year, as against 311.71 millio

onion, onion production, tomato, tomato production, onion price, horticulture News

Cabinet clears Rs 6,268-crore sugar export subsidy

The government on Wednesday announced a Rs 6,268 crore subsidy for export of 6 million tonnes of sugar during the 2019-20 marketing year starting October in order to liquidate surplus domestic stock a

Commodities News

Gold nears Rs 40,000; silver soars Rs 2,110

Resuming its record-setting streak, gold price jumped Rs 300 on Wednesday to a fresh all-time high of Rs 39,970 per 10 gm here, according to the All India Sarafa Association, on higher demand from loc

Commodities News

Tea prices remain flat for nearly 7 years

There was a record production of 1,328 million kilograms of Assam and Dooars tea in 2018 and despite a production shortfall for the rains there wouldn’t be any short supply in the market this year.

Commodities News

Trade jitters: Gold prices hit six-year high

Meanwhile, in the domestic market, gold ended at Rs 39,670 per 10 gram, the new all-time high.

Commodities News

Nearly 50 sugar mills in Maharashtra may not crush sugarcane this season

When contacted, Maharashtra Sugar Commissioner Shekhar Gaikwad said that the picture will become clear when the Commissionerate takes stock of the number of factories that apply for crushing licences

Commodities News

Gold prices surge to all time high; should you buy, sell or hold?

The prices of gold on Monday jumped to fresh all-time high amid ongoing US-China trade tensions and rise in demand for safe assets.

Gold prices, US Fed chair, Spot gold, US gold futures, Jerome Powell, imports of gold, SPDR Gold Trust News

Gold prices in India jump to record, silver at 3 year high

Gold prices in India jumped 1% on Monday to record levels, following gains in overseas markets and as the rupee fell to the lowest level in 2019, dampening retail demand further in the world's second-

Commodities News

Oil falls as trade war raises recession fears

Oil prices fell on Monday, pushing U.S. crude to its lowest in more than two weeks, as a ratcheting up of tensions in the U.S.-China war knocked confidence in the global economy.

Commodities News
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