Commodities

Gold prices ease amid firmer dollar; markets eye ECB meet

Gold prices edged lower on Thursday as the U.S. dollar hovered near multi-week highs, while investors awaited clues on monetary policy easing from leading central banks to shore up global economy.

Spot gold was down 0.2% at $1,422.31 per ounce, as of 0120 GMT. (File photo) News

Gold to shine more amid IMF’s word of caution, easing interest rates

After the International Monetary Fund (IMF) revised global growth downwards, the analysts are positive on gold prices ahead of US Federal policy next week.

U.S. gold futures were down 0.2% at $1,424.10 an ounce. News

Gold gains on rate-cut hopes, Middle East tensions

Spot gold was up 0.2% at $1,420.40 per ounce as of 0128 GMT, after hitting its lowest since July 17 at $1,413.80 in the previous session.

U.S. gold futures were steady at $1,420.80 an ounce. (File photo) News

HPCL says trade war and US shale to keep lid on oil prices

Brent crude will likely remain in a range of $60 to $70 a barrel and could fall toward $60 if demand worsens, said Mukesh Kumar Surana, the chairman and managing director of Hindustan Petroleum Corp.

Brent crude futures climbed 79 cents, or 1.3%, to settle at $63.26 a barrel. News

Gold dips as dollar hits near 1-week high

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 0.57% to 825.18 tonnes on Monday from 820.49 tonnes on Friday.

U.S. gold futures slipped 0.5% to $1,419.30 an ounce. News

Rupee, bonds drop on Shaktikanta Das’ rate-cut comment

RBI governor signals future rate cuts to be dependent on incoming data like inflation and growth numbers.

Commodities News

Gold prices over Rs 36,000 mark; six key reasons why yellow metal rates are inching higher 

Gold price in India is hovering over Rs 36,000 per 10 gm of pure gold. The surge in the price has been continued since Friday when the gold crossed the key $1,450 mark for the first time in the last s

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Gold retreats further from 6-year peak as deep rate cut views fade

Spot gold was down 0.2% at $1,422.74 per ounce as of 0137 GMT. The metal hit $1,452.60 in the previous session, its highest since May 2013, before closing 1.5% lower.

U.S. gold futures were down 0.2% at $1,424.10 an ounce. News

Gold hits 6-year peak on US rate cut prospect, Middle East tensions

Spot gold hit $1,452.60 an ounce in early trade, its highest since May 2013, before easing to be down 0.2% at $1,442.71 as of 0117 GMT.

U.S. gold futures jumped 1% to $1,441.90 an ounce. (File photo) News

High-Yield variety: For the man behind Uttar Pradesh’s sugarcane revolution, south is a sweet spot

Recovery rate is the sucrose content in cane and a 13% recovery, the potential of this variety if harvested in 12 months, means 13 kg of sugar production from 100 kg of sugarcane.

sugarcane, sugar, ethanol, sugar glut, excess production, oil marketing companies, OMCs News

South India’s tea production till now dips 13 pct

Tea production in southern India has been on a decline from 2014 when production touched a peak of 242 million kg (m.kg). India is the second largest producer of tea in the world and contributes 26% t

South India, tea production,tea, tea production in india, tea board of india,Upasi News

Maharashtra farmers seek inclusion of jaggery processors, khandsari makers in FRP payments

During the earlier meeting, the state government had asked for streamlining the process of fixing sugarcane prices as per the RSF for sugar factories which have completed cane crushing.

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Gold scales 2-week peak on Fed rate cut expectations, softer dollar

Spot gold was steady at $1,425.87 per ounce as of 0127 GMT, after hitting its highest since July 3 at $1,428.40.

Gold prices, US Federal Reserve, US-China trade, Wall Street stocks, SPDR Gold Trust News

Maharashtra grape growers to form federation of farmer producer companies for marketing

It is a fact that Maharashtra’s Nashik district recorded an all-time high export of 1.43 lakh tonne of grapes during the just concluded grape season. More than 1.50 lakh hectare in the district alon

Maharashtra, grape, grape grower, federation of farmer, grape production,Nashik,Sahyadri  News

Maharashtra: Tomato prices spike as supplies dry up

Maharashtra has been receiving supplies for the past month from Gujarat and Karnataka. The situation is similar in other states as well, he said, adding Uttar Pradesh and Bihar have received heavy rai

Maharashtra, Tomato prices hike, Tomato, prices hike, APMC, Nashik Agriculture Produce Market Committee News

ICAR prepares a 5-year road map to raise oilseeds productivity

Outlining the likely initiatives, ICAR’s director-general Trilochan Mohapatra said there were about 12-million hectare rice fallow which kept vacant after paddy harvest and 3-4 million hectare of th

ICAR, road map, oilseeds productivity, oilseeds sector, Indian Council of Agricultural Research, market news, commodity  News

Gold inches down as strong US retail sales lift dollar

Spot gold was down 0.1% at $1,405.26 per ounce, as of 0104 GMT.

Gold prices, US retail sales,  Spot gold, dollar, US gold futures News

Oil prices steady after falling to more than one-week lows

Iran denied it was willing to negotiate over its ballistic missile program, contradicting a claim by U.S. Secretary of State Mike Pompeo, and appearing to undercut Trump's statement that Washington ha

Oil price, US crude, Brent crude futures, oil futures, US iran tensions, global oil price News

Crude windfall in making for India: Oil prices set to cool more, may shore up fiscal, trade balance

The slump in China’s economic growth to the lowest in nearly three decades may bring some crude relief to the Indian economy, with the slowing global demand pushing crude oil prices lower.

disinvestment in india, disinvestment psu, stocks in psu, OMCs, psu in india, GAIL, IOCL, Oil India, ONGC, Oil, share market, Crude, Crude oil, Crude oil prices, Saudi Arabia News

Gold little changed; US retail sales data in focus

Spot gold was down 0.1% at $1,412.24 per ounce, as of 0107 GMT.

Commodities News

Oil down for a second day as US Gulf of Mexico output returns

The U.S. benchmark fell about 1% in the previous session. Both contracts last week made their biggest weekly gains in three weeks as U.S. oil inventories fell and diplomatic tensions rose in the Middl

Oil prices, Chinese economic data, US crude oil,  economic growth, Gulf of Mexico, Middle East News

Vegetable oil imports surge 6% to 11.05 lakh tonne in June

During November 2018-June 2019, import of refined oil (RBD Palmolein) went up 39% to 1,825,663 tonne, against 1,315,256 tonne in the year-ago period.

vegetable oil, vegetable oil import, Indonesia, Malaysia, RBD Palmolein,  soy oil, oil import, oil export News

Why cotton imports and exports may decline

India usually exports around 60-70 lakh bales annually. Although cotton imports are currently taking place, the pace is slow and imports are likely to be down as well, experts said.

pakistan cut trade ties with india, mfn status, pakistan trade, cotton imports, imports, exports, indo-pak News

Marine fish catch falls 9% in 2018

The total marine fish production in 2018 was recorded at 3.49 million tonne, which is lower by 3.47 lakh tonne (9%) as compared to the previous year, mainly due to reduced catch in West Bengal, Karnat

The catch of sardine dropped to 1.55 lakh tonne all over India from 3.37 lakh tonne in 2017, a CMFRI source said. (Representational image) News

Maharashtra farmers had sown banned HT Bt cotton seed in Akola: Lab report

With increasing scarcity of labour in rural India, cotton farmers are eager to find alternative ways to reduce the cost of labour, and stay competitive in the global market.

This season, at least 25-30% of the acreage under cotton would be of the HT Bt variety. News

Gold gains on US-China trade jitters, rate cut hopes

Spot gold was up 0.4% at $1,408.62 per ounce as of 0133 GMT.

Gold prices, US gold futures, Spot gold, US-China trade, US tariffs on china, dollar index News
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