Gold prices rose 0.12% to ₹95,389 on mixed economic news from the US and strong investor sentiment. The small increase came as investors looked at fresh US data and comments from a White House adviser, with the revised data showing the US economy shrank by 0.2% in the first quarter of 2025, better than the…
India has slightly revised up its cotton production estimate for 2024-25 to 291.35 lakh bales, driven by a better crop in Odisha. However, demand for cotton is slowing down. Cotton consumption has fallen by 8 lakh bales to 307 lakh bales. Exports are also expected to fall sharply to 15 lakh bales, from 28.36 lakh…
India’s agricultural sector experienced a 6.5% increase in food grain production during the year ending June 30, 2025. Rice production reached an all-time high, while wheat and maize production reached historic highs. The growth is attributed to farmer diligence, advanced agricultural research, and effective government policies. However, the mustard crop faced setbacks, but increased soybean…
Gold prices closed down 0.83% at $95,143 on growing optimism about US-EU trade talks. Switzerland imported 63 metric tons of gold from the US in April after the US lifted tariffs on the precious metal. However, Switzerland’s overall gold exports fell 31% from the previous month, with shipments to the US falling sharply to 12.7…
India’s 2025 wheat harvest exceeded expectations, restoring domestic stockpiles and eliminating the need for imports. The Food Corporation of India (FCI) procured 29.7 million metric tons of wheat, the highest in four years, and total stockpiles are expected to reach around 44 million tons. This could put downward pressure on global wheat prices, especially amid…
Gold prices closed down 0.5% at ₹95,937 as investors felt less need to buy gold for safety. The decline came after the president delayed the planned 50% tax on European imports. The tax, which was supposed to start on June 1, has now been pushed back to July 9. The US President also warned Apple…
Jeera futures have fallen by 1.59% to settle at ₹20,725, mainly due to subdued domestic buying and weak export demand. The decline comes as the retail season draws to a close and overseas buyers remain inactive. Arrivals in major mandis have increased to 32,900 bags, indicating ample supply. Despite concerns about weather-related sowing delays in…
Gold prices fell as investors turned more cautious due to rising trade tensions. However, gold still rose 0.93% to close at 96,421 on growing concerns about the economy and global politics. The US President has threatened to impose a 25% tariff on goods coming from the European Union from June 1 if Apple does not…
Maharashtra’s soybean cultivation area is expected to decrease by two lakh hectares due to poor returns on the produce last year. External factors such as the import of soybean cake as fodder and the government’s reluctance to purchase have dampened farmers’ interest in soybean cultivation. Other factors include losses caused by irregular rainfall and delays…
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,…
