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Commodities
Commodity strategies: Gold, silver, crude, base metals
By Tapan PatelCommodity prices traded higher on Thursday as most of the commodities in non-agro segment were supported by a weak dollar. The dollar index fell to four-week lows and was trading near 91.97 mark in morning trade. Here is a…
Rising raw material prices force MSME secondary steelmakers to shut shop
A pronounced revival in the commodity cycle rescued several steel companies and boosted their bottom-lines, but the recovery has not been equal. Several secondary steelmakers from Jharkhand, Maharashtra, West Bengal and Chhattisgarh are…
Hedge funds are plowing money into commodities once again
Hedge funds plowed money into bets that the commodities rally of 2021 still has further to run, snapping three straight weeks of reductions.
Net-long positions on a basket of 20 commodities rose by 8.3% in the week ended Tuesday, according…
Gold imports jump multi-fold to $7.dokuz billion in April-June quarter
New Delhi: Gold imports, which have a impact on the country's bank account deficit, jumped multi-fold to $7.dokuz billion (Rs 58,572.99 crore) during the April-June 2021 quarter due to low base outcome in the wake up of the COVID-19…
Gold loans, a top product last 12 months, slip on Covid hit
High yielding advances in opposition to gold jewellery, in the event the hottest loan product for banks, possess turned sour in 2010 as collections usually are affected due to the lockdown in the first 1 fourth. Kerala-based Federal…
Commodity methods: Gold, silver, crude, base metals
Tapan PatelCommodity costs traded agency on Wednesday with a lot of the commodities in non-agro section trading larger, besides base metals. Bullion costs rallied on weaker greenback, whereas crude oil costs gained on bullish weekly stock…
Gold rallies by Rs 382; silver zooms to Rs 66,274
New Delhi: Gold from the national capital in Thursday rallied by Rs 382 to Rs 46,992 per 10 ungehalten amid a start international precious metal rates, according to HDFC Securities. In the previous trade, the precious metal experienced…
India gold demand rises 30% in first half of 2021
KOLKATA: Gold demand in India elevated 30% in the first half of 2021 to 216.1 tonnes, from 165.eight tonnes a yr in the past, signalling that the lethal second wave of Covid-19 was much less of a deterrent than the first wave of the…
Oil falls but heads for strong weekly gain on demand growth
MELBOURNE: Oil prices droped on Friday but were on trail to post solid profits for the few days with demand expanding faster than source, while vaccinations reduce the impact of a resurrection in coronavirus instances worldwide.
Brent…
Gold set for biggest weekly gain in over 2 months on dovish Fed
Gold costs held near some sort of two-week high on Friday, and were being set for their own biggest weekly gain in more than a pair of months, on rebuilt signs that the Oughout.S. Federal Book may not taper economical support and backpack…