Gold prices rose 0.13% to close at 86,024 on rising trade tensions. Inflation concerns have risen as a result of the US President’s tariff threats against several industries and his ongoing tariffs on Chinese imports and metals. The Federal Reserve’s cautious approach to interest rate cuts in the face of these inflationary pressures was reiterated…
Jeera prices rose by 0.28% to 21,200 due to supply concerns and delayed crop arrival in Gujarat. Sowing in key producing states like Gujarat and Rajasthan also experienced delays, impacting availability. Around 20 lakh bags of cumin remain with farmers, with only 3-4 lakh bags expected to be traded by the end of the season….
Cotton candy prices rose by 0.09% to ₹54,420 in January 2025, despite lower production estimates for the 2024-25 season. The Cotton Association of India projected total cotton output at 301.75 lakh bales, a decline from 327.45 lakh bales in the previous season. However, the quality of cotton remains strong. As of January 2025, the total…
Following an all-time high, traders booked profits, leading to a 0.24% decline in gold prices to ₹85,910 per 10 kg. The US President threatened a 25% tariff on vehicle imports and additional duties on pharmaceuticals. The gold price forecast for the year-end 2025 was revised upwards to $3,100 per ounce, with macroeconomic factors also weighing…
India’s oil meal exports fell by 9.34% in April-January 2024-25, reaching 36.03 lakh tonnes, compared to 39.74 lt in the previous fiscal. The decline was mainly due to a sharp drop in rapeseed meal exports, which fell from 18.95 lt to 15.42 lt, and castor seed meal exports, which declined from 3.27 lt to 2.58…
Gold prices rose 1.24% to $86,113 on concerns over the US President’s tax plans. A 9% price increase is expected by the end of the year on strong central bank demand, which is why Goldman Sachs (NYSE:GS) raised its 2025 gold price forecast to $3,100 per ounce from $2,890 per ounce. Following a report on…
Jeera prices in India rose by 3.56% to ₹21,805 due to delayed crop start in Gujarat and postponed sowing in key states. However, demand remains sluggish, and export orders are fulfilled from existing stocks. Farmers hold around 20 lakh bags of jeera, with only 3-4 lakh bags expected to be traded by the season’s end….
A weaker dollar and rising trade war fears helped gold prices rise 0.43% to 85,055. The US president’s decision to impose reciprocal tariffs on countries that impose tariffs on US imports has fuelled inflation fears, which has boosted demand for gold. Meanwhile, gold reserves in London storage facilities fell 1.7% to 8,535 metric tonnes at…
Aluminium prices rose by 0.55% to ₹257.95 due to supply constraints and expectations of US tariffs not taking effect until April. Shanghai Futures Exchange aluminium inventories declined by 4.9%. Japan’s bargaining power in aluminium premium negotiations weakened due to slow imports and reduced overseas smelters. The People’s Bank of China (PBoC) pledged to support economic…
Silver prices rose 0.37% to ₹95,586 as demand for industrial applications, especially in the electrification and renewable energy sectors, continued to provide support. Silver expectations improved as the US ISM manufacturing PMI rose unexpectedly, indicating improving industrial demand. In addition, India’s ONGC committed Rs. 1 trillion to renewable energy, Global silver demand is forecast to…
