Crude Palm Oil

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Gold could pause for direction; currency movements hold key

May 24, 2013 at 09:57 | Source: The Hindu BusinessLine

Chennai, May 24: Gold prices on spot and futures market are likely to be range-bound on Friday caught between various factors. Speculation that the US Fed will continue its stimulus package kept interest in gold in tact. But falling investors’...

Panic sale in Saurashtra crushes groundnut oil

May 24, 2013 at 03:22 | Source: The Hindu BusinessLine

Mumbai, May 23: Groundnut oil prices have plunged by Rs 11 a kg in a week following heavy selling in the Saurashtra region due to lack of export orders for groundnut. On Thursday, the oils prices dropped by Rs 35 for 10 kg in Mumbai as the panic sal...

Bernanke’s comments will add to gold’s woes

May 23, 2013 at 10:12 | Source: The Hindu BusinessLine

Chennai, May 23: Gold is set to head south on spot and futures market on Thursday after the US Federal Reserve Chairman Ben Bernanke signalled an end to pumping money to buy bonds. This effectively means the stimulus programme to get the US economy ...

Festivals, marriage season seen heating up edible oils

May 22, 2013 at 23:32 | Source: The Hindu BusinessLine

Mumbai, May 22: Imported palmolein and soyabean refined oil increased by Rs 2 for 10 kg each while rapeseed/mustard oil gained Rs 3 tracking firm Malaysian palm oil futures. Volumes in other oils remained subdued due to slack month-end demand. Groun...

Gold caught in a range; Trade awaits US Fed signal

May 22, 2013 at 10:22 | Source: The Hindu BusinessLine

Chennai, May 22: Gold prices on the spot and futures market are likely to be range-bound on Wednesday as the yellow metal is caught between speculation over the continuing of US stimulus programme and investors cashing out of their holdings. Gold lo...

Gold set to shine on overnight gains; profit-booking looms

May 21, 2013 at 09:12 | Source: The Hindu BusinessLine

Chennai, May 21: Overnight gains in the global markets are likely to drive gold prices on spot and futures market on Tuesday. However, signs of recovery in the economy, leading to speculation that industrialised nations will cut their stimulus progr...

Gold may slip towards Rs 25,000/10 gm; silver could get hammered

May 20, 2013 at 11:57 | Source: The Hindu BusinessLine

Chennai, May 20: As investors continue to cash out, gold prices on spot and futures market are likely to rule flat on Monday. The feature of Monday’s trading, however, could be that silver could get hammered by bears. The white metal dropped t...

Stockists turn bullish on soft oils

May 18, 2013 at 00:17 | Source: The Hindu BusinessLine

Mumbai, May 17: Palmolein extended gain despite slack demand, while soyabean refined oil ruled unchanged despite higher volume. Stockists took long position in soya oil for delivery upto July. Lower arrivals of mustard seed in producing centres push...

Gold could climb up a little; outlook still dim

May 17, 2013 at 09:42 | Source: The Hindu BusinessLine

Chennai, May 17: A pause in equities rally and lower prices attracting buyers could help gold prices climb up on spot and futures markets on Friday. But the outlook for the yellow metals is clouded as a poll by Credit Suisse was bearish on the preci...

Govt slashes import tariff value of gold, silver

May 16, 2013 at 20:40 | Source: Business Today

The government has slashed the import tariff value of gold and silver to $466 per ten grams and $761 per kg, respectively, considering weak global price trend.Tariff value is the base price on which the customs duty is determined to prevent under-in...

Govt slashes import tariff value of gold, silver

May 16, 2013 at 19:12 | Source: Financial Express

The government has slashed the import tariff value of gold and silver to $466 per ten grams and USD 761 per kg, respectively, considering weak global price trend. Tariff value is the base price on which the customs duty is determined to prevent unde...

Govt slashes import tariff value of gold, silver

May 16, 2013 at 18:56 | Source: FirstPost

New Delhi: The government has slashed the import tariff value of gold and silver to $466 per ten grams and $761 per kg, respectively, considering weak global price trend.Tariff value is the base price on which the customs duty is determined to preven...

Government slashes import tariff value of gold, silver

May 16, 2013 at 18:56 | Source: Economic Times

NEW DELHI: The government has slashed the import tariff value of gold and silver to $466 per ten grams and $761 per kg, respectively, considering weak global price trend. Tariff value is the base price on which the customs duty is determined to prev...

Gold loses more shine as investors find gains in equities

May 16, 2013 at 09:56 | Source: The Hindu BusinessLine

Chennai, May 16: A rising dollar and fall in gold holdings in electronic format globally are set to drive gold further lower on Thursday on the domestic spot and futures markets. Overnight, the yellow metal plunged below $1,400 an ounce. Holdings in...

Imported edible oils fall further

May 15, 2013 at 20:41 | Source: The Hindu BusinessLine

Mumbai, May 15: Edible oil prices, especially imported plmolein and soyabean refined oil, extended loss further by Rs 2 each and cotton refined oil dropped by Rs 3 for 10 kg on Wednesday tracking weak local demand and bearish Malaysian palm oil futu...

Demand for gold could rise on falling prices

May 15, 2013 at 10:02 | Source: The Hindu BusinessLine

Chennai, May 15: Gold may get a bit of its shine on the spot and futures market as buyers find the drop in its prices tempting. But with more investors cashing out of gold products and the dollar tending to gain, prospects for the yellow metal are c...

Supply glut puts pressure on vegoil prices

May 14, 2013 at 23:31 | Source: The Hindu BusinessLine

Mumbai, May 14: World vegetable oil prices, already corrected down from their recent highs because of sluggish demand growth and rising inventory, are likely to face further price pressure, thanks a big rebound in production anticipated in the north...

Indigenous oils heat up on lower arrivals

May 14, 2013 at 20:52 | Source: The Hindu BusinessLine

Mumbai, May 14: Imported palmolein and soyabean refined oil dropped by Rs 3 and Re 1 for 10 kg each on eased local demand and tracking weak closing of Malaysian palm oil futures. Domestic soya oil futures ruled firm as arrivals of mustard and soyabe...

Gold seen shining as Asia buyers find more lure

May 14, 2013 at 15:37 | Source: The Hindu BusinessLine

Chennai, May 14: Gold prices on spot and futures market are likely to rise with a drop in dollar aiding the trend in the global market. Besides, lower prices are still attracting buyers, especially in Asia. However, investors’ interest in the ...

Edible oils to turn hot on improved demand hopes

May 13, 2013 at 21:01 | Source: The Hindu BusinessLine

Mumbai, May 13: Hopes of higher demand and thinning stockpiles of Malaysian palm oils are likely to heat up edible oils trade. Edible oil prices improved further on Monday driven by weak Indian currency and expectation of higher demand in the coming...

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