Home Arrow Commodity News

Commodity News

04th Aug – 10th Aug – Rise in fuel prices due to Iran, US tension and SEBI may allow futures trading of Fuel

Rise in fuel prices due to Iran, US tension and SEBI may allow futures trading of Fuel

The government has formed an ad-hoc committee of a dozen industry stakeholders who will frame the structure for a domestic council for gold and jewellery. Majority stakeholders will be a part of it including — karigars and goldsmiths — to the largest ones, jeweller and bullion dealer. The main aim of this is to promote exports of handmade and customised jewellery, thereby generating more jobs....

Read more


28th July – 03rd Aug – RBI taking measures for strengthening the economy and other global news

RBI taking measures for strengthening the economy and other global news

Gold demand in India declined by around seven percent the reasons are an extra month ‘adhik maas’ in the traditional calendar, considered an inauspicious period, coupled with a range-bound price due to rupee depreciation. Demand from the jewelry sector slumped by eight percent to 147.9 tonnes, from 161 tonnes in the comparable period last year....

Read more


21st July – 27th July - Currency and Oil top triggers of Global Trade

Currency and Oil top triggers of Global Trade

The rupee is a relative outperformer among emerging-market peers in the past one month, signalling that the worst might be over for the local unit that has fallen less than the currencies of competing major economies against the dollar.
,/br>Lower crude oil prices and the weakening dollar index have helped turn the sentiment in favour of the rupee, which is otherwise the worst performing Asian currency this year. The rupee has fallen 7.2% in 2018....

Read more


14th July – 20th July – Rupee sliding to new record lows, recovery in domestic gold prices & other trending news

Rupee sliding to new record lows, recovery in domestic gold

Political volatility at home, selloff in Emerging Markets’ currencies push the rupee to a new low, as an EM currency selloff and an impending vote of confidence on Prime Minister Narendra Modi’s government weighed on investor sentiment. The Indian Parliament will debate a no-confidence motion on Friday....

Read more


07th July – 13th July - Escalating trade war, oil supplies & impending Iran sanctions keep commodities markets volatile

Escalating trade war, oil supplies

U.S. crude oil exports to India hit a record in June, and so far this year’s oil exports are almost double last year’s total as the Asian nation’s refiners move to replace supplies from Iran and Venezuela in a win for the Trump administration....

Read more


30th June – 06th July – A sliding Rupee, an impending Trade War and other Commodity news

A sliding Rupee, an impending Trade War and other Commodity news

Saudi Arabia cuts pricing for most of its oil grades as the world's biggest crude exporter is increasing production to assure buyers that there is sufficient supply following U.S. President Donald Trump's demands that OPEC does more to stabilize oil markets....

Read more


23rd June – 29th June - Rupee breaching historic lows & its impact

Rupee breaching historic lows & its impact

India believes the current slide in the rupee will not be prolonged as it has adequate "firepower" of foreign exchange reserves to deal with the current volatility,...

Read more


16th June – 22nd June - OPEC meeting for 22nd June & Trade War between US & China dictate market sentiments

OPEC meeting for 22nd June & Trade War between US & China dictate market sentiments

The OPEC meets on Friday to decide on the output policy amid calls from top consumers such as the United States, China and India to cool down oil prices and support the world economy by producing more crude. OPEC edged closer on Thursday toward raising oil output, with Iran softening its opposition to an increase and Saudi Arabia warning of supply shortages and price rallies if output remained stable. ...

Read more


09th June – 15th June - Crucial OPEC meet, tightening of interest rates by RBI & launch of commodity exchange by NSE in October dominate the headlines

Crucial OPEC meet,interest rates by RBI

Saudi Arabia’s Oil Minister has said that they would come to an agreement which satisfies most importantly the market, when asked about the outcome of the meeting between the Organization of Petroleum Exporting Countries (OPEC), which is scheduled to be held in Vienna next week....

Read more


03rd June – 8th June- RBI policy, Asian currencies, Venezuela are creating triggers

RBI Policy, Asian Currencies, and Venezuela

India’s 10-year benchmark bond yield closed near 8% (which is its highest in the last three years) on Thursday post the Reserve Bank of India’s (RBI) decision to increase the policy rate by 25 basis points....

Read more


26Th May – 01St June – Gold,Petrol dominate Global news,Fuel Futures Trading could be a reality

Gold,Petrol Global news,Fuel Futures Trading

The RBI’s Monetary Policy Committee (MPC), which meets next week, economists are predicting a further pick-up in activity during the current financial year on the back of higher consumption demand, a stable GST and a surge in investment towards end of the year....

Read more


19th May - 25th May - Global Tensions & fluctuations in Commodity Prices

Global Tensions & fluctuations in Commodity Prices

According to a media report, MCX is in merger talks with the National Stock Exchange ahead of the implementation of the universal exchange framework in October. Shares of Multi Commodity Exchange surged on report of merger with NSE...

Read more


12th May - 18th May- Oil Price Rally Continues...

Oil Price Rally Continues

Indian Oil minister Dharmendra Pradhan said that Thursday it had received assurances from the worlds top oil exporter Saudi Arabia it would ensure adequate supplies to keep a lid on soaring oil prices. Brent oil prices rose back to $80 per barrel for the first time since 2014 due to rising concerns over disruptions to Iranian oil exports because of new U.S. sanctions....

Read more


05th May -11th May – Oil and Gold heading to levels beyond Reach

Oil and Gold heading to levels beyond Reach

The cost of petrol and diesel for state oil companies has gone up by about Rs 2 per litre in the past two weeks as global prices have surged and the rupee is weaker, but retail rates were frozen ahead of the Karnataka polls. Prices of petrol and diesel have been deregulated for years but it’s widely believed that companies, nudged by the government, stop raising prices, or sometimes take more than necessary cuts, ahead of elections and recoup their losses afterwards....

Read more


28th April – 4th May - Oil Prices creating Havoc for world Economies

Oil Prices creating Havoc for world Economies

Oil prices steadied on Friday, consolidating after recent gains, as global supplies remained tight and the market awaited news from Washington on possible new US sanctions against Iran. Brent crude oil was down 30 cents at $73.32 a barrel by 0900 GMT. The benchmark contract hit a 3-1/2 year closing high of $75.17 on Monday. ...

Read more


23rd April – 27th April – Commodities markets and Geo political Scene

Commodities markets and Geo political Scene

Silver prices dropped by Rs 152 to Rs 39,191 per kg in futures trade today as participants cut bets following weak leads from overseas markets. Profit-booking at prevailing levels by speculators also weighed on silver prices. At the Multi Commodity Exchange, silver for delivery in May was trading lower by Rs 152, or 0.39 per cent, to Rs 39,191 per kg, in a business turnover of 255 lots. ...

Read more