Moneycontrol Commodity News
Gold price looks set for a breakout on the higher side for a target of Rs 31,650 per 10 gm
Sugandha Sachdeva Prices are trying to find their way up after weeks of consolidation and look set for a breakout on the higher side, where they will initially target $1,325 an ounce or Rs 31,650 per 10 gm.
Oil falls as focus moves to prospect of higher supply
Oil falls as focus moves to prospect of higher supply Benchmark Brent crude oil fell by $1.07 a barrel to a low of $74.87 before recovering to $75.12, down 82 cents, by 1328 GMT. US light crude was 360 cents lower at $66.53.
Soybean prices to trade sideways to higher: Angel Commodities
Soybean prices to trade sideways to higher: Angel Commodities According to Angel Commodities, NCDEX Jul Soybean jumps more than 1% on Thursday on anticipation of higher domestic crushing of soybean after government increase customs duty on crude as well as refine soy oil rose by 35% and 45% respectively.
India#39;s May palm oil imports hit multi-year low on higher import tax
India#39;s May palm oil imports hit multi-year low on higher import tax India#39;s palm oil imports in May as higher import tax on the tropical oil made it more expensive.
Gold may decline to $1,280-1,260 in the short term
Gold may decline to $1,280-1,260 in the short term Copper may decline to Rs 480-475 per kg this week and nickel could make another attempt to breach its support at Rs 1,015 per kg, says Sam Nair of Stewart Mackertich Wealth Management.
Crude oil futures slip 0.29% on global cues
Crude oil futures slip 0.29% on global cues Crude oil futures slipped 0.29 percent to Rs 4,465 per barrel today, in step with a weak trend in Asia, as traders cut down their exposure.
BSE, NSE may face challenges in getting settlement prices for non-agri commodities
BSE, NSE may face challenges in getting settlement prices for non-agri commodities New commodity exchanges need to ink contracts with exchanges abroad to get settlement prices for crude oil, base metals and natural gas contracts that they offer
Petrol price dips Rs 2, diesel Rs 1.46 in 14 days — check latest price
Petrol price dips Rs 2, diesel Rs 1.46 in 14 days — check latest price The revised diesel price in Delhi was Rs 67.85 per litre, Mumbai Rs 72.24 per litre, Kolkata Rs 70.40 per litre and Chennai Rs 71.62 per litre.
Cotton prices to trade sideways to higher: Angel Commodities
Cotton prices to trade sideways to higher: Angel Commodities According to Angel Commodities, MCX June Cotton edged lower on Monday tracking fall in international prices and technical selling at higher levels.
Display info on deliverable supply, position limits for agriculture products: Sebi to commexes
Display info on deliverable supply, position limits for agriculture products: Sebi to commexes As per the Sebi, commodity bourses need to disclose about name and units of the commodities; source of data; average deliverable supply (production plus imports) during past five financial year; current year deliverable supply, classification of the agricultural commodities on the basis of -- sensitive, broad and narrow.
Soybean prices to trade sideways today: Angel Commodities
Soybean prices to trade sideways today: Angel Commodities According to Angel Commodities, NCDEX Soybean slipped to 17 weeks low and closed lower of third consecutive week on reports of higher acreage for next season on forecast of normal rains and expectation of good crushing demand.
Petrol, diesel prices slashed for 13th day in a row - check how much you need to pay today
Petrol, diesel prices slashed for 13th day in a row - check how much you need to pay today The revised petrol price in Delhi was Rs 76.58 per litre, Mumbai Rs 84.41 per litre, Kolkata Rs 79.25 per litre and Chennai Rs 79.48 per litre.
Oil mixed as rising US, Russia supplies weigh while strong demand provides support
Oil mixed as rising US, Russia supplies weigh while strong demand provides support However, analysts expect surging U.S. output to start offsetting efforts led by the Organization of the Petroleum Exporting Countries (OPEC) to withhold production, which have been in place since 2017 and in the first half of this year have pushed up prices significantly.
Gold ticks higher on softer dollar; central bank meetings in focus
Gold ticks higher on softer dollar; central bank meetings in focus Spot gold was up 0.1 percent at $1,298.78 per ounce at 0049 GMT.
Gold gains on global cues, silver reclaims Rs 40K
Gold gains on global cues, silver reclaims Rs 40K Gold rose by Rs 235 to Rs 31,010 per 10 grams at the bullion market today in tandem with a firming global trend amid increased buying by traders and stockists.
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