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commodities

Sugar prices up on government’s decision to export

Sugar prices up on government's decision to export

Sugar prices surged at the wholesale sugar market in the national capital on Saturday owing to of brisk buying amidst the government’s decision on barter exports. Government to export surplus sugar of 4 million tonnes through barter trade with other nations. Marketmen said brisk buying and government decision on exports influenced sugar prices. Sugar ready […]

Gold tumbles Rs 320, silver hit 5-year low on global cues

Gold tumbles Rs 320, silver hit 5-year low on global cues

Gold prices on Friday fell by Rs 320 to trade at Rs 25,050 per 10 gm and silver cracked the Rs 34,000-level to trade at about five-year low at the bullion market here due to a weak trend in global market and slackened demand from jewellers and retailers. Bullion merchants said a weak global trend […]

WTI Crude falls to fresh four-month lows, amid U.S. oil rig build

WTI Crude falls to fresh four-month lows, amid U.S. oil

WTI crude extended its recent slide on Friday falling to fresh four-month lows, amid a significant build in U.S. oil rigs last week. On the New York Mercantile Exchange, WTI crude for September delivery traded between $47.74 and $49.02 a barrel before settling at 48.17, down 0.29 or 0.59%. At one point, Texas Long Sweet […]

China, India raised global demand for metals and energy

Demand from China, and to a lesser extent India, significantly raised global demand for metals and energy especially coal and less so for food commodities, according to a World Bank report. In its latest quarterly Commodity Markets Outlook report, the World Bank said energy prices rose 12 percent in the quarter, with the surge in […]

Fall in gold prices not yet a concern for rupee: Nomura

Fall in gold prices not yet a concern for rupee: Nomura

Decline in gold prices is not likely to add pressure to India’s current account deficit or the domestic currency, as the metal’s appeal has diminished, Nomura said in a research note on Thursday. According to the global financial services firm, the recent decline in gold prices is not yet a “concern” for the Indian rupee. […]

Gold halts 4-day falling streak, rebounds Rs 120

Gold halts 4-day falling streak, rebounds Rs 120 - If and What

Snapping its four-day losing streak, gold on Thursday regained its glitter to close Rs 120 higher at Rs 25,370 per 10 gram at the bullion market after the precious metal rebounded in global market. In addition, emergence of buying by jewellers at prevailing levels, though selective, supported the upside in the precious metal prices. Silver […]

Brent crude down by $66 on Saudi plan

Brent crude down by $66 on Saudi plan

Brent crude oil futures slipped towards USD 66 a barrel on Tuesday, falling from a 2015 high, as Saudi Arabia considered halting bombing in Yemen to allow the delivery of aid, which eased concerns about oil supply from the Middle East. A stronger US dollar also weighed on the dollar-denominated commodity, while investors waited for […]

Should You Buy Gold On Akshaya Tritiya

Should You Buy Gold On Akshaya Tritiya

Investors who bought substantial amounts of gold on Akshaya Tritiya in 2005 took a good call. Assuming they still have the stuff, that amounts to annualised gains of 15.9%, just a little lower than the 16.5% delivered by the Sensex during the same period.  But the sheen has worn off in recent years. Gold bought […]

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