Commodities

Gold prices fall more than Rs 8,000 from record highs; where is gold headed? Should you buy?

Gold and silver prices inched higher for the fourth consecutive day in domestic markets on Wednesday, following the positive international trend in global rates.

Gold, silver, mcx, gold prices,

Tough Love: Rose exports hit by pandemic, higher freight

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

Gold prices continue to fall for second week straight, near-term outlook remains weak

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.

Gold price, Silver, commodity

Petrol, diesel prices at fresh highs; petrol crosses Rs 87 mark in Delhi

Petrol and diesel prices were hiked by 35 paise per litre each, according to price notifications of state-owned fuel retailers.

petrol price, petrolprice in delhi

Data monitor: Petro products output down 13.5% in 9MFY21

Cumulative capacity utilisation has been at around 85.6%, compared with 101.6% in FY20.

Overall consumption of petroleum products has fallen by 12.6% in 9MFY21.

Food department warns sugar mills against selling below MSP

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.

Many mills in Maharashtra and Karnataka have reported distress sales of sugar below the MSP.

Container shortage hits sugar exports; govt to hold meet today

Prakash Naiknavare, MD, National Federation of Cooperative Sugar Factories, pointed out that the federation has flagged the issue with the ministry concerned.

The government has fixed the target of exporting 60 lakh tonne of sugar so that liquidity position of sugar mills can be maintained and cane arrears of farmers do not get accumulated.

Petrol, diesel price at fresh high; oil co says only tax cut by govt can help

Petrol and diesel price was hiked by 35 paise per litre each after a gap of a week, according to price notification of state-owned fuel retailers.

The cracks or margins are low and "the government alone can answer how prices should be" paused, he said.

Sugar output up 25% to 17.68 m tonne in Oct-Jan period: ISMA

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.

sugar production in India

Gamestop effect: Silver price soars to 8-year high; short squeeze hashtag hits commodities markets

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.

Silver price

Gold prices fall another Rs 1,800 per 10 gram today post customs duty cut announcement in Budget 2021

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 Price, silver, custom duty

Gold prices fall over Rs 2,100 per 10 gm post FM Sitharaman’s announcement of cut in custom duty

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

gold, silver, Union Budget 2021, cut in custom duty

Gold, Silver traded under pressure last-week; Bullions may continue sideways movement in short-term

Commodity prices traded volatile during the week passed by with most of the commodities in non-agro segments traded under pressure on stronger dollar.

gold price

Petrol prices to spur use of CNG vehicles

With petrol prices rising due to a steep increase in taxes in the recent past, the adoption of CNG-driven vehicles is set to go up, CRISIL has said.

The agency expects Brent crude to rise ~23% on-year to an average $50-55 per barrel in 2021.

Sugar millers contract deals for exports of 25 lakh tonne

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

sugar

Industry fears lower sugar output as more mills sign ethanol contracts with OMCs

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

The ISMA expects additional incentive this season above the Rs 6 per kg subsidy given last year for exports, as the Centre wants to give a boost to sugar exports.

Rajasthan govt announces 2 pc cut in VAT on petrol, diesel

The price of branded or premium petrol price had crossed Rs 100-mark in Sriganganagar town of Rajasthan on January 27.

Rajasthan CM Ashok Gehlot, 2 pc cut in VAT on petrol, diesel in rajastha, Rajasthan fuel prices, steep hike in petrol prices in Rajasthan , branded petrol price in Rajasthan crosses Rs 100 per litre

Covid, price rise impact: Indian gold demand hits 26-year low in 2020, says WGC

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

Of course, in value term, the demand dropped at a much slower rate of 14% in 2020 to `1.88 lakh crore, as domestic gold prices hit record levels.

ISMA revises downward sugar output to 30.2 mt for 2020-21

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

sugar

India’s gold demand down 35 pc to 446.4 tonne in 2020; rebound in 2021 likely

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

gold price

Onion export yet to pick up pace despite lifting of ban

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

Shah had earlier said India can export some 20 lakh tonne this season after the arrival of the new crop.

Branded petrol crosses Rs 100-mark in Rajasthan; Fuel prices at all-time high

Regular fuel has a lower octane number -- 87, while Premium fuel generally gets a 91 octane rating or higher.

premium fuel, branded petril price in Rajasthan petrol price per litre, octane number of petrol, fuel prices in India, diesel rate

Sensex vs Gold, both gain from 4,000 to 50,000 in last 21 years; yet, Sensex beats gold by about 50%

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

BSE Sensex, gold, share market

Petrol crosses Rs 86 mark in Delhi, diesel above Rs 83 in Mumbai

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 prices, petrol prices in other states, surge in oil prices, Oil Minister Dharmendra Pradhan, Diesel rate, Saudi oil output cut

Surge in spot liquefied natural gas (LNG) prices to curb demand, lower import

From the lows of $1.85/mBtu recorded in May 2020, spot LNG prices increased to $7.3/mBtu in November end.

Even as overall demand of natural gas fell 5% annually to 45,211 million metric standard cubic metre (mmscm) amid coronavirus disruptions in April-December, LNG imports inched up 0.7% to 24,753 mmscm in the same period.

Petrol, diesel prices touch all-time highs

Prior to the current highs triggered by the price hikes this month, fuel prices had last touched record high on October 4, 2018.

petrol diesel prices today

Petrol crosses Rs 92 mark in Mumbai, diesel at all-time high

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.

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