Oil rises on short-covering and Iran talks
Oil prices rose on Friday as US buyers covered positions ahead of the Memorial Day weekend amid concerns over the latest round of nuclear talks between American and Iranian negotiators. Brent crude futures settled at $64.78 a barrel, up 34 cents, or 0.54%. U.S. West Texas Intermediate crude futures finished at $61.53, up 33 cents,…
COMEX copper stocks surpass LME for first time!!!
For the first time since March 2022, copper stocks in COMEX warehouses are now higher than those on the London Metal Exchange (LME). The change is due to strong US demand and higher prices for copper in the US compared to other regions. Although LME copper stocks fell 37% to 164,725 metric tons due to…
Why gold coins are currently a cost-effective purchase at Rs 1 lakh
Many Indians now find it difficult to afford the precious metal as gold prices have increased by more than 40% and 70% in the past 24 months. Fear of missing out, or FOMO, is making more expensive gold accessible. As part of your overall financial plan, you must continue accumulating gold over time to prevent…
Jeera falls on weak buying and exports
Jeera prices dropped by 0.34% to 20,750 due to muted domestic demand and weak export activity. Traders attributed the drop to the end of the retail season and a lack of fresh buying interest from overseas markets. Comfortable supply levels and subdued demand have increased downward pressure. Arrivals in major mandis surged to 32,900 bags,…
Gold prices fell as traders booked profits on a stronger dollar!!!
Gold prices fell marginally to ₹95,536 as many traders decided to book profits after recent gains. The recovery in the US dollar index after three days of decline also contributed to the small decline. Even with the decline, the long-term outlook for gold remains strong. Concerns about the US economy, especially after Moody’s downgraded the…
India’s completed steel imports have decreased by 11%, while exports have also suffered.
The amount of completed steel that India imported in April 2025 was 0.5 million metric tons, a decrease of 11.3 percent from the previous year. In addition, India’s completed steel exports saw a significant drop in the same month. India is the world’s second-largest producer of raw steel. A 12 percent levy on steel imports…
Crude oil prices fell after unexpected rise in US crude oil inventories!!!
Crude oil prices fell 0.73% to 5,295 after the United States reported an unexpected increase in crude oil supplies before the summer, which will increase demand. Instead of drawing as expected, US crude oil inventories rose by 1.3 million barrels, the Energy Information Administration (EIA) said. Tensions in the Middle East, especially fears that Israel…
Turmeric falls on higher arrivals and weak export demand
Turmeric prices fell by 1.69% to 14,398 due to increased arrivals and sluggish export demand. Total arrivals nearly doubled to 57,500 quintals, affecting prices. However, the downside is limited due to concerns over lower yield projections and slow arrivals in key regions. The area under turmeric cultivation increased by 10% to 3.30 lakh hectares this…
Jeera ends flat on weak buying and export demand
Jeera prices have slightly increased by 0.09% to ₹21,260, despite lower export demand and domestic buyer interest. The market is under pressure due to ample supplies and tepid export inquiries. Total arrivals in key mandis increased to 32,900 bags, adding supply-side pressure. The new cumin crop sowing in major producing states has been delayed by…
Gold prices are soaring, and buyers prefer 18 carat gold to 22 carat gold.
The price of gold has risen dramatically over the past two to three years; it is currently trading at $3,200 on the global market, up 77% from its most recent low of $1,820 in November 2022. In just one month, gold prices in India have dropped by about 7%, with an all-time high of Rs…
