Retail onion prices: The ministry has stated that in states where there has been a sharp increase in prices, onion is being released from the buffer stock into both wholesale and retail markets. As the average retail onion price in India rises by 57% to Rs 47 per kg, the Centre decided on Friday to…
Gujarat is predicted to harvest 33.45 lakh tonnes (lt) of groundnuts in the Kharif season, up from 30 at the year before, representing an 11.50 percent increase. However, the Solvent Extractors’ Association of India (SEA) conducted the Groundnut Kharif Crop Survey 2023, which shows that Gujarat’s groundnut acreage has decreased by 74,000 hectares (4.33 percent)….
Today’s gold rate: Due to a drop in the US dollar after US Fed Chairman Jerome Powell hinted at a rate hike, gold prices rose today to a six-month high on the Multi Commodity Exchange (MCX). Today’s MCX gold rate for the December 2023 expiry opened higher at 60,401 per 10 gm levels and rose…
Tuesday, October 17, saw a little increase in oil prices ahead of US President Joe Biden’s trip to the Middle East, which is anticipated to involve juggling support for Israel with efforts to stop any regional escalation of its conflict with Hamas. Tomorrow’s visit by Biden to Israel will aim to strike a balance between…
Today’s gold rate: On the Multi Commodity Exchange (MCX), gold prices dropped below 58,000 per 10 gm due to fresh concerns about US Fed rate hikes following higher-than-anticipated US inflation figures. The yellow gold did, however, experience some buying activity at lower levels, recovering to a high of 58,018 per 10 gm and returning to…
After Hamas’ unexpected attack on Israel over the weekend threatened to destabilize the Middle East, which is home to numerous main suppliers of petroleum, fuel, and energy to global consumers as well as a crucial maritime bottleneck, oil prices increased by more than 3%. Early Asian trading saw West Texas Intermediate trading above $85 per…
Following a two-day review that started on October 4, Reserve Bank of India (RBI) Governor Shaktikanta Das will announce the institution’s monetary policy decision tomorrow (October 6). On Friday, the central bank is expected to continue its aggressive policy stance despite India’s softening inflation report, according to the majority of analysts on D-Street. The economy…
Oil climbed in early Asian trade on Wednesday, boosted by tightening global oil supplies ahead of an OPEC+ ministerial meeting. Brent crude oil futures were up 6 cents to $90.98 per barrel at 0004 GMT, while WTI crude in the United States was up 11 cents to $89.34 per barrel. When the Organization of the…
After the Multi Commodities Exchange (MCX) announced the launch of a new commodities derivative platform (CDP), the capital market regulator Securities and Exchange Board of India (SEBI) requested that MCX “abeyance” the CDP launch. In its formal announcement, MCX disclosed the facts. In response to SEBI’s request, MCX stated that the issue is a technical…
Oil prices increased on Friday as renewed global supply concerns stemmed from Russia’s fuel export embargo, offsetting concerns that slowing economies and high-interest rates will crimp demand. Brent futures were up 78 cents, or 0.84%, to $94.08 a barrel at 1443 GMT, while West Texas Intermediate crude (WTI) futures were up $1.02, or 1.14%, to…
