May 27, 2022 12:58 PM ISTOnset of monsoon likely to be delayed. When will the monsoon hit your city? Manisha Gupta gets you the IMD forecast.
May 27, 2022 09:53 AM IST Gold has support at Rs 50500 and resistance at Rs 51100. Silver has support at Rs 61400 and resistance at Rs 62500, said Nirpendra Yadav, Senior Commodity Research Analyst at Swastika Investmart.
May 27, 2022 09:15 AM IST According to Geojit , The southwest monsoon has advanced into some parts of southwest Arabian Sea and more parts of southeast Arabian Sea, Maldives and Comorin area, and south Bay of Bengal, the India Meteorological Department said.
May 27, 2022 08:29 AM IST Brent crude futures for July dipped 9 cents to $117.31 a barrel at 0247 GMT after rising to as high as $118.17 earlier in the session. The benchmark was on track for a gain of about 4% this week.
May 27, 2022 06:58 AM IST Spot gold held its ground at $1,848.59 per ounce, as of 0102 GMT. U.S. gold futures were little changed at $1,846.70. For the week so far, bullion is up 0.2%.
May 27, 2022 06:28 AM IST Meanwhile, a top Hungarian aide said the country needs 3-1/2 to 4 years to shift away from Russian crude and make huge investments to adjust its economy and that it could not back the EU's proposed oil embargo until there was a deal on all issues.
May 26, 2022 09:54 AM IST Gold market is holding support above $1,850 an ounce, but disappointing manufacturing data is not providing any new bullish momentum for the precious metal as prices remain in negative territory early in the session, said Rahul Kalantri, VP Commodities, Mehta Equities.
May 26, 2022 09:01 AM IST According to Geojit , Availability of sugar stocks in the country during Oct-Nov is important as it is the peak festival season, Food Secretary Sudhanshu Pandey said.
May 26, 2022 07:09 AM IST Spot gold held its ground at $1,852.27 per ounce, as of 0057 GMT. U.S. gold futures gained 0.3% to $1,852.30.
May 25, 2022 11:56 AM IST While domestic demand has remained flat, exports too have been hit by difficulties in shipping tea to Russia and Iran, the two largest buyers of Indian tea
May 25, 2022 09:53 AM IST Gold has support at Rs 50,840–50,650, while resistance is at Rs 51,340–51,550. Silver has support at Rs 61,510-60,950 and resistance is at Rs 62,380–62,710, said Rahul Kalantri, VP Commodities at Mehta Equities.
May 25, 2022 09:05 AM IST According to Geojit , The government has allowed import of 2 mln tn of crude soyoil and crude sunflower oil per year each at nil duty under the tariff rate quota, the finance ministry said in a release.
May 24, 2022 05:18 PM IST India produced 2.47 million tonnes of crude oil in April, down from 2.5 million tonnes in the same month last year, according to data released by the Ministry of Petroleum and Natural Gas.
May 24, 2022 10:11 AM IST Brent crude futures for July slid 61 cents, or 0.5%, to $112.81 a barrel by 0402 GMT. U.S. West Texas Intermediate (WTI) crude futures for July delivery dropped 55 cents, or 0.5%, to $109.74 a barrel. Both benchmarks fell by more than $1 earlier in the session.
May 24, 2022 10:06 AM IST Tapan Patel of HDFC Securities expects gold prices to trade sideways to up for the day with COMEX Spot gold support at $1840 and resistance at $1870 per ounce. MCX Gold June futures support lies at Rs 50600 and resistance at Rs 51200 per 10 gram.
May 24, 2022 09:05 AM IST According to Geojit , The government's surprise ban on wheat exports amid rising inflation and food security concerns has left 2 mln tn of the staple grain stranded at major Indian ports as of May 16, trade sources told Informist.
May 24, 2022 07:42 AM IST Spot gold held its ground at $1,852.84 per ounce, as of 0048 GMT, after scaling to its highest since May 9 at $1,865.29 on Monday. U.S. gold futures gained 0.3% to $1,852.40.
May 23, 2022 01:03 PM IST Global metals prices have gained while Indian metals stocks were hit hard as the government imposed export duty on 11 iron and steel intermediates. Will the momentum sustain? Let's find out with Manisha Gupta
May 23, 2022 09:47 AM IST "A pullback can be seen so buying can be initiated at lower levels where gold has resistance at Rs 51100 and support at Rs 50500. Silver has resistance at Rs 62300 and support at Rs 60500," said Nirpendra Yadav, Senior Commodity Research Analyst at Swastika Investmart.
May 23, 2022 09:31 AM IST Lower fuel taxes will help lower runaway inflation and ease the burden on the common man. But the measures to lower steel prices are likely to hurt steel producers
May 23, 2022 09:14 AM IST South Indian spinning mills are being shut down, citing the unprecedented rise in cotton prices. The Indian textile industry is at risk of becoming uncompetitive
May 23, 2022 08:52 AM IST According to Geojit , Acreage under tur across the country is expected to shrink by 11-15% to 4.3-4.5 mln ha in 2022-23 (Jul-Jun) due to fall in prices of the pulse below its minimum support price and rise in prices of other crops like soybean and cotton.
May 23, 2022 07:57 AM IST Brent crude futures rose 82 cents to $113.37 a barrel at 0126 GMT, while U.S. West Texas Intermediate (WTI) crude futures climbed 69 cents, or 0.6%, to $110.97 a barrel, adding to last week's small gains for both contracts.
May 23, 2022 06:37 AM IST Spot gold rose 0.3% to $1,850.39 per ounce, by 0039 GMT, their highest since May 12. U.S. gold futures GCv1 also gained 0.3% to $1,847.90.
May 21, 2022 12:24 PM IST Commodities attempted some recovery this week but there is still uncertainty if this trend can continue. The dollar is off the highs but may continue to be supported by US Fed's hawkish stance. Outlook for China may also remain clouded unless the virus situation comes under control.
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