Page 16 - Commodities

BSE launches Electronic Gold Receipts for efficient price discovery of gold

Leading stock exchange BSE has launched Electronic Gold Receipt (EGR) on its platform, a move that will help in efficient and transparent price discovery of the yellow metal.

MCX Gold, Silver futures likely to trade rangebound this week

The MCX Silver December futures may re-test the 200-DMA hurdle placed at Rs 60,900 in the near term.

Gold, silver rates untouched in early trade; yellow metal at Rs 51,290

In Mumbai and Kolkata, 24-carat gold is selling at Rs 51,290 per 10 gram

Major non-farm commodities to take guidance from Dollar in new Samvat

Strengthening of the dollar the past few quarters has pushed investors to sell risky assets and shift to the greenback and oil

Oil prices drop as Chinese demand data shows depressed consumption

Oil prices slid on Monday after Chinese data showed that demand from the world's largest crude importer remained lacklustre in September

Don't see further price correction, says JSW Steel's Seshagiri Rao

Steel prices appear to have reached their bottom and are likely to go up from their current levels if supply adjustments globally are any indication in the sector, a top JSW Steel official said

'Marketing, pricing freedom must for catalysing investments in gas fields'

Pricing and marketing freedom are a must to ensure billions of dollar investment as costs of finding and producing natural gas are market driven, producers have told government

Gold rates fall marginally; silver prices soar, selling at Rs 57,700 today

In Mumbai and Kolkata, 24-carat gold is selling at Rs 50,440 per 10 gram

Diwali 2022: Dhanteras likely to see bumper demand for jewellery

Industry captains expect a 15-20% increase in demand over last year's high base

Oil price wavers as rate hike talk offsets fading China demand hopes

Oil prices were little changed on Friday as optimism about a possible rise in demand in China faded and the market again weighed the impact of sharp interest rate rises on energy consumption

Gold, silver rates fall in early trade; yellow metal trading at Rs 50,560

In Mumbai and Kolkata, 24-carat gold is selling at Rs 50,560 per 10 gram

Oil rises on tight supplies, possibility of China easing Covid curbs

Oil prices rose by more than $1 on Thursday in response to tighter supplies and on news that China is considering a cut in the duration of quarantine

Steel prices fall 40% in last six months to Rs 57,000 per tonne: SteelMint

Steel prices fell about 40 per cent to Rs 57,000 a tonne in the domestic market over the last six months on subdued export orders in the wake of the 15 per cent export levy, according to SteelMint

Gold, silver untouched in early trade; yellow metal trading at Rs 50,780

In Mumbai, Delhi and Kolkata, 1 kg of silver is selling at Rs. 56,400

Oil prices rise in tight market as US sets release of more reserves

Oil prices rose on Wednesday as caution over tightening supply countered the negative impact of uncertain Chinese demand growth and news that United States will release more crude from its reserves

Global steel demand downgraded, to drop 2.3% in 2022: WorldSteel

A global recovery in steel demand next year is still expected, mainly due to a rise in infrastructure spending, but the growth will be 1% instead of 2.2% as forecast earlier this year, the WSA said

Global copper market to have a surplus of 155,000 tonnes in 2023, says ICSG

Three-month copper on the London Metal Exchange was trading around $7,363 a tonne on Wednesday having declined more than 30% on growing recession fears since scaling a record peak of $10,845 in March

Oil prices tick up in volatile trade as US stocks fall on tight market

Oil prices rose slightly on Wednesday amid plenty of caution as bullish signals like falling U.S. crude stocks and a generally undersupplied market were countered

Gold slides to 3-week low as dollar, fears of rate increase dent appeal

Gold prices slipped to a three-week low on Wednesday as the U.S. dollar and Treasury yields rose on bets of more steep interest rate hikes from the Federal Reserve

Gold price remains unchanged; silver price falls Rs 200 to Rs 56,400 per kg

In Mumbai, Delhi and Kolkata, 1 kg of silver is selling at Rs. 56,400, while in Chennai, Bengaluru and Hyderabad, 1 kg of silver is selling at Rs 61,800