Gold and silver prices inched higher for the fourth consecutive day in domestic markets on Wednesday, following the positive international trend in global rates.
Last year, around 10 million rose stems were exported, Praveen Sharma, president, Indian Society of Floriculture Professionals (ISFP), said. The Valentine season typically accounts for 20-30% of the a
We expect bullion prices to trade sideways to down for short term with COMEX spot gold having resistance near $1860 per ounce and support at $1760 per ounce.
The Department of Food and Public Distribution has sought strict compliance of monthly stock holding limit orders issued by the Directorate of Sugar and Vegetable Oils for the domestic market.
Prakash Naiknavare, MD, National Federation of Cooperative Sugar Factories, pointed out that the federation has flagged the issue with the ministry concerned.
According to the Indian Sugar Mills Association (ISMA), 491 sugar mills have been in operation till 31 January of the current marketing season, against 447 in the year-ago period.
Silver futures jumped more than 9% on Monday to $29.42 per ounce with #silversqueeze trending on Twitter. That exuberance spread to companies that mine precious metals, especially silver.
Analysts say that domestic gold prices have become cheaper due to duty cut; however, the general price trend will be determined by international markets
Gold prices plunged over Rs 2,100 on Monday after the Union Finance Minister Nirmala Sitharaman announced the changes in customs duty rate for precious metals
Jaiprakash Dandegaonkar, chairman, National Federation of Cooperative Sugar Factories (NFCSF), pointed out that the country had exported a record 59 lakh tonne in the 2019-20 season and could do the s
But higher sugar export means higher water export, since sugarcane is a water-guzzling crop requiring around 3,000 litres of water for every kilogram of production, Alok Pandey, head of the sugar prog
Demand plunged 35% in 2020 from a year before to 446.4 tonne, the lowest since 1994 and worse than a 28% decline globally, the WGC said. A Covid-induced lockdown hit not just demand but even supply in
However, this year's sugar production estimate is higher than 27.42 million tonnes achieved in the 2019-20 marketing season. In its first estimate, the Indian Sugar Mills Association (ISMA) had pegged
India's gold demand dropped by over a third in 2020 settling at 446.4 tonne on the back of pandemic-induced lockdowns and lifetime high prices, but a rebound this year is most likely, as normalcy retu
India exported onions valued at $198 million in the April-June period of FY21 and $440 million through 2019-20. The country had exported around 10 lakh tonne in 2019-20. Bangladesh, Malaysia, the UAE
What gives better returns over the long term -- Sensex, or Gold? On the face of it, both seem to accrue equal gains over the years, notwithstanding the short-term fluctuations
Fuel prices, which vary from state to state depending on local sales tax or VAT, are now at a record high in the country, prompting cries for a cut in excise duty to ease the burden on consumers.
Petrol price on Friday crossed Rs 92 a litre mark in Mumbai, while diesel touched an all-time high after rates were raised for the third time this week.