COMMODITIES


Gold futures on India’s Multi Commodity Exchange (MCX) rose to Rs 72,423 per 10 grams on Friday for June 5 delivery, tracking the rally in the international market which saw the price of the precious metal soar to a new lifetime high at $2,395.29 per ounce.   Gold futures on MCX recorded an...

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The National Spot Exchange Limited (NSEL) on Friday said the special MPID Court has made India Infoline Commodities Ltd (IICL) director Nirmal Jain, Anand Rathi Commodities Ltd (ARCL) director Preeti Gupta and Geojit Comtrade Ltd (GCL) director Shiney George as accused in the NSEL payment...

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IANS 07 December 2022
Indian entities can hedge their exposure to gold price risk in overseas markets on recognised exchanges in the International Financial Services Centre (IFSC), Gujarat, said RBI Governor Shaktikanta Das on Wednesday.   Announcing the Monetary Policy Committee's (MPC) decision to...

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Moneylife Digital Team 03 December 2022
While rejecting applications filed by Anand Rathi Commodities Ltd and Motilal Oswal Commodities Broker Pvt Ltd, market regulator Securities and Exchange Board of India (SEBI) has restrained the brokerage from filing fresh applications seeking registration as a commodity broker.    In...

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The Securities Appellate Tribunal (SAT) has directed the Securities and Exchange Board of India (SEBI) to conduct an independent inquiry against five brokers and persons associated with the brokers, and probe their role in the Rs5,600-crore NSEL (National Spot Exchange Limited) payment...

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Moneylife Digital Team 03 May 2022
Cumin, an unassuming item of the Indian spice box, appears set to take centre stage as a sharp decline in production in crop season 2021-22 (November-May) drives up its prices to a five-year high, says a research note.    In the report, CRISIL Ratings says, "Cumin acreage fell an...

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The uptick in export of wheat following the global shortage due to the Ukraine-Russia war has led to a situation where wheat procurement is likely to be lowest in last 12 years from across India, especially from Punjab and Haryana, the two largest contributors to the central...

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Moneylife Digital Team 17 March 2022
The conflict between Russia and Ukraine is disrupting supplies of agricultural commodities and, while it creates an opportunity for exports, it is also set to have an adverse impact on India's import bill due to higher prices, says a research report.   In the note, CRISIL Ratings...

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The London Metal Exchange (LME) has suspended trading of some nickel contracts due to some 'system error' into which an investigation has been initiated.   "All Nickel trades executed on LMEselect at the lower daily price limit will remain. The small number of Nickel trades executed...

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Shortage of sunflower oil amid the ongoing Russia-Ukraine war has sent crude palm oil prices through the roof.   The geo-political worries in the Black Sea region has a significant bearing on sunflower seed and its oil supply from the region, as both countries involved in the war are...

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Continued hostilities between Russia and Ukraine as well as rising demand is expected to keep global crude oil prices in the range of $95-$125 per barrel in the short to medium term.   On last Friday, the Brent-indexed crude oil price stood at over $112 per barrel. Just a few days...

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Production of batteries for electric vehicles (EVs) as well as stainless steel, paint and alloy-based industries are expected to take a hit, as prices of a key raw material -- nickel -- have zoomed over 100 per cent in the past few days.   The Russia-Ukraine crisis has triggered the...

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Continuing hostilities between Russia and Ukraine pushed crude oil to a 10-year high on Thursday.   The Russia-Ukraine crisis-led global hike in crude oil prices is expected to push India's domestic prices of petrol and diesel by over Rs 22 per litre. The crisis as well as fears of...

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The Russia-Ukraine crisis-led global hike in crude oil prices is expected to push India's domestic prices of petrol and diesel by Rs 20-22 per litre.   However, an excise duty cut may dampen the impact on petrol and diesel prices to an extent, but not entirely.   The crisis as...

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