Concerns about low output behind the uptick; retail prices may remain flat
Domestic prices are up 8 per cent in the last fortnight; international gold price trades around $1,970 after breaching $2,000 on Monday
In the overseas markets, gold and silver were trading 0traded higher at $1,909 per ounce and $20.80 per ounce, respectively
The surge was led by demand revival from industry, fabricators and investors
The spike in prices coupled with almost-empty pipelines has renewed calls from flour mill owners for the government to liquidate some part of its wheat inventory
India's aromatic basmati and non-basmati rice exports rose 7.37 per cent to 126.97 lakh tonnes during the April-October period of the current fiscal, despite restrictions on the shipments, according to industry data. Exports stood at 118.25 lakh tonnes in the same period during the previous fiscal. "Despite curbs on exports of some varieties of rice, the overall exports remained strong so far," said Vijay Sethia, former president at All India Exporters Association. Out of total exports, basmati rice exports rose to 24.97 lakh tonnes during the April-October period of the 2022-23 fiscal, from 21.59 lakh tonnes in the year-ago period, he told PTI. Non-basmati rice exports increased to 102 lakh tonnes from 96.66 lakh tonnes during the comparable period, Sethia added. Basmati rice was shipped mainly to traditional markets of the US, Europe and Saudi Arabia, while non-basmati rice was exported largely to African countries. In September, the government had banned export of broken rice
Since the start of the Russia-Ukraine war in February, almost all the economies have been facing high inflation mainly driven by high commodity costs, and supply chain constraints
Looks at how market-wide position limits are calculated for commodity derivatives contracts
The consumer basket in India has been adversely affected due to the high food inflation and weak macro environment. However, easing commodity prices is expected to ease margin woes of FMCG companies
As the economy recovers from the coronavirus damage, India's gold demand for the June quarter increases by 43% compared to the corresponding quarter last year, says a report by World Gold Council.
Gold and Silver prices go down gradually. Chennai to be the most expensive to city to buy gold and silver.
While Chinese stimulus played a role in rescuing industrial commodities from slumps in global demand, after the 2008 financial crisis, in late 2015, and in 2020, there's much more caution this time
The latest gain comes on the back of easing commodity prices and supply chain issues
The exception is energy, which isn't dictated by liquidity conditions, but by decisions of the Opec-plus cartel, where plenty of other factors come into play
Many have been forced to drastically prune operations, taking a toll on workers' wages
The country is the top global producer of wheat after China
With Nickel, Gold and wheat also hitting multi-year highs like Crude Oil, these five commodity related shares are likely to witness strong gains, indicate charts.
US 10-year yield heads for 2% as traders await CPI report
Value growth still higher due to price hikes
MCX said pressure groups in the value chain of the cotton industry are making "irrational" demand for suspension of futures trade in cotton on its platform