Gold prices near all-time high — Key reasons for the surge and what lies next? | Commodities Corner
Gold prices are at an all time high above $2,250/oz after gaining 10% in Q1 of 2024. Strong gold retail buying in China & Turkey is one of the prominent reasons behind the price surge. Catch Manisha Gupta with more details
India consumes 4000 tons of Avocado’s per year| Reasons behind the rising demand | Commodities Corner
The avocado market in India is gaining traction thanks to the foodservice industry. The avocado has turned into a mainstream food in India. Global consumption has skyrocketed in the past decade. Asia pacific to lead global demand growth. India imports avocados from Tanzania, Peru, US. Mexico accounts for 30% global avocado output. Watch Commodities Corner with Manisha Gupta for more details
Gold sprints to record high as Fed sticks to 2024 rate-cut projections| Commodities Corner
The rally in gold continues with prices hitting an all-time high. Strong physical demand for gold is also fueled by its appeal as a safe-haven asset and investors looking to diversify amid lackluster performances in other asset classes. Catch Manisha Gupta with more details
Memecoin trading at levels last seen before crypto bubble burst| Commodities Corner
The ongoing memecoin frenzy in the digital asset market continues unabated, as trading volumes now rival those observed just before the burst of the previous crypto bubble over two years ago. Memecoins like Dogwifhat and Pepe, renowned for their speculative and volatile nature, are surpassing the gains of Bitcoin, a dominant figure in the headlines. According to data from blockchain data firm Kaiko, trading volumes for leading memecoins, often priced at a fraction of a cent, surged to nearly $80 billion in the past week alone, marking the highest levels since October 2021. Watch Manisha Gupta with more details
Global sugar prices up 4% (WoW) | Sweet cravings ahead of Holi festivities | Commodities Corner
Catch Manisha Gupta in conversation with Prafful Vithlani , President All India Sugar Trade Association (AISTA) for more details
Live: 15x increase in gold ETFs accounts; Should you invest? | Commodities Corner
Catch Manisha Gupta in conversation with Vikram Dhawan, Head of Commodities & Fund Manager at Nippon India Mutual Fund for more details
Gold prices in India hits all time high above Rs 66,000/10 grams | Commodities Corner
Gold surged to record high this week in MCX as weak US economic data and US regional banking jitters have given bulls the boost needed to break out from the last 2 months consolidation. The breakout has been spectacular and has baffled many traders with the ferocity of the move. Gold hits record high at near $2200 an oz
India Gold hits all time high above Rs 66,000/10gms .Biggest weekly percentage rise since Mid October .Prices +4% over week, +8% on month. Traders see near 70% chance of 25bps rate cut. Catch Manisha Gupta with more details
Silver prices trade 2-month high. How can you participate in this run? Commodities Corner
Silver prices trade at a two-month high. Markets price in US Fed rate cuts in June. Support from Industrial metals, rising global equities. Global Silver industrial demand estimate for 2024. Catch Manisha Gupta in conversation with Renisha Chainani - Head of Research - Augmont gold as they discuss different ways to invest in Silver. Watch to know more
Bitcoin Up 59% in 2024 till time; Can we expect a revival of the Cryptocurrency?| Commodities Corner
It seems that the ‘bonanza’ period for Bitcoin is not showing signs of a halt. Bitcoin hits $68,800 level, nearly all time high. From what it’s understood, the cryptocurrency crossed the price mark for a second time within a week, since it was last recorded on February 28, 2024. Is the Crypto craze back? Catch Manisha Gupta with more details
Gold prices are at 3-month high on the back of easing US inflation | Commodities Corner
Gold prices hit 3-month high due to supporting data. Key triggers include easing U.S. inflation, decline in USD & treasury yields support buying. Catch Manisha Gupta with Ajay Kedia, MD, Kedia Advisory
Live: Spotlight on metal prices | Metals witness decline, aluminum & zinc prices fall
Spotlight on metal prices: metals witness decline, Aluminum & Zinc prices fall. Aluminum prices near 1 month low. US refrains from Sanction on Russia aluminum industry. Russia Aluminum at 3.8mln tons amounts to 6% global. Bauxite exports from Guinea continue following explosion at a fuel depot. Inventories in Shanghai surge 65% in previous week. China inventories at 173K tons is at May 2023 high. Catch Manisha Gupta in conversation with Peter McGuire CEO, XM Australia. Catch Manisha Gupta in conversation with Peter McGuire CEO, XM Australia on sharp decline on metals
Live: Prices of parboiled rice exported from India extend rally | Commodities Corner
Price of Parboiled Rice exported from India is at record high. Govt has also extended 20% export duty on parboiled rice beyond March. Catch Manisha Gupta in conversation with Dr Prem Garg, National President, Indian Rice exporters federation.
Live: Natural gas production in US at near record levels | Commodities Corner
Natural Gas Prices Rise As Colder Weather Forecasts Increase Heating Demand. Upside remains limited due to record-high domestic natural gas production in US. Robust production has kept inventories well-supplied. Catch Manisha Gupta in conversation with Kunal Shah, Head of research commodities, Nirmal bang
Market Live: Looming demand weakness keeps oil prices under pressure | Commodities Corner
Edible oil prices are under pressure due to weak China demand and favorable weather in Argentina and Brazil, Soyabean & Sunflower oil trade at discount for 1st time in an year. Catch Manisha Gupta in conversation with Dr. B.V. Mehta, the Executive Director of The Solvent Extractors' Association of India.
Market Live: Explaining bitcoin's rally: What’s causing the crypto surge? | Commodities Corner
The cryptocurrency market observed a strong recovery in the year 2023 after it witnessed a slight downside due to the global macroeconomic situations and inflation data. Bitcoin trades above $52,000 and hit all time high of $69,000 in November 2021. Catch Manisha Gupta in conversation with Ashish Singhal, Co-founder of Coinswitch, to discuss the cause of this Crypto surge.
Live: Strong dollar & CPI data has put pressure on metal prices | Gold trades below $2,000/oz
Concerns that rate cuts could be delayed has come to haunt metal traders, as most base and precious metals trade at the lower range. Funds show that there is only a 40% probability that fed will cut rates in May.- Metals have got hammered since, Copper prices down 5.5% vs Jan 31 highs. Aluminium prices down 4.8% in 2024 till date. While Gold trades at 2 month lows & silve is down 5% in 2024. Watch Manisha Gupta discuss whats concerning metal prices with Kunal Shah, Head of Research Commodities, Nirmal Bang on Commodities Corner
Gold prices under pressure as U.S. jobs data dampens bets of Fed rate cut | Commodities Corner
On Monday, gold prices experienced a decline as the U.S. dollar and Treasury yields surged following a strong jobs report that dashed expectations of imminent interest rate cuts from the Federal Reserve. At 0556 GMT, spot gold was down 0.5% at $2,029.03 per ounce, while U.S. gold futures fell 0.4% to $2,045.50 per ounce. Catch Manisha Gupta with more details
Interim Budget 2024: Commodities market expectations from FM Nirmala Sitharaman | Commodities Corner
With the Union Budget 2024 just around the corner, all eyes are on the Finance Minister Nirmala Sitharaman's ‘bahi khata’ to see what it holds for commodities sector. Will this budget provide relief to farmers and agriculture sector.. Catch Manisha Gupta as she breakdowns what commodities market expect from upcoming Budget 2024.
Will this interim budget focus on Agritech and rural development? Commodities Corner
The government is likely to significantly enhance allocation for key farm sector schemes and push credit in the interim Budget to boost rural economy as growth in the agriculture sector is projected to decelerate to 1.8% in 2023-24 from 4% a year ago. Finance Minister Nirmala Sitharaman is scheduled to present the interim Budget on February 1, which will be the last major economic document of the Narendra Modi-led government ahead of the 2024 Lok Sabha elections. Catch Manisha Gupta in conversation with Chattanathan D, co-founder Arya.ag.
Union Budget 2024: Expectations from Agriculture sector | Commodities Corner
The Finance Minister Nirmala Sitharaman will make the interim budget announcement on February 1. What are the expectations of the pulses sector from the budget? Some are, increased allocation of ₹1000 crore funds for subsidies for cold storage infrastructure development. To know more about the budget expectations from the pulses sector watch this edition of Commodites Corner with Manisha Gupta and Deepak Pareek, Founder, HNYB tech incubation.
India’s steel majors seeking govt intervention to control raw materials prices | Commodities Corner
India’s Steel Majors Are Seeking Govt Intervention To Control Raw Materials Prices. Mills has flagged issues in the price discovery process of coking coal by international players and has reportedly asked the government to push for a “more realistic” price discovery mechanism. Steel makers, through the Indian Steel Association (ISA) – which includes AM/NS India, JSW, Tata Steel, Jindal Steel & Power and PSUs like SAIL and RINL – have called for intervention and action across two key price indexes, namely Platts and Argus Indexation which “remain subjective” in determining coking coal price. Catch Manisha Gupta in conversation with Dhruv Goel, CEO, Big Mint
Minimizing India's carbon footprint using bamboo | Commodities Corner
India, ranking as the third-largest global consumer and importer of oil, is actively pursuing a reduction in crude oil consumption by transitioning to eco-friendly alternatives like biofuels. The nation aims to increase the blending of ethanol with gasoline to 20% by 2025. The Assam biorefinery, developed at a cost of 40 billion rupees in collaboration with NRL and Finnish partners Chempolis and Fortum, marks India's pioneering use of bamboo as a feedstock. Catch Manisha Gupta in conversation with Bhaskar Phukan, Managing Director, India's Numaligarh Refinery and KPJ Reddy, Prof-IISc
SKYMET predicts India is likely to experience average monsoon conditions in 2024| Commodities corner
In the "Preliminary Monsoon Forecast Guidance for 2024," Skymet foresees the approaching monsoon as being categorized as 'normal.' This year is likely to be one of those characterized by a robust commencement, progressing steadily and concluding approximately midway within the normal range. The standard range for normal rainfall is defined as 96-104% of LPA (868.6mm). Catch Manisha Gupta in conversation with G P Sharma, President, Meteorology & Climate CHange, Skymet
Market Live: India keeps edible oil import duty lower until March 2025| Commodities Corner
On Tuesday, the Indian government announced a one-year extension of the reduced import duty on edible oil, now effective until March 2025. The initial expiration date for the lower import duty on crude palm oil, crude sunflower oil, and crude soy oil was set for March of this year. As the largest global importer of vegetable oil, India has opted to maintain the lowered import duty structure. Notably, the basic import duty on refined soybean oil and sunflower oil was reduced from 17.5% to 12.5% in June of the previous year. The primary sources of India's palm oil imports are Indonesia and Malaysia. Catch Manisha Gupta in conversation with Sandeep Barjoria - Sunvin with more details
