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…
According to the Cotton Association of India (CAI), India’s cotton production is expected to decline to 301.75 lakh bales in 2024-2025 from 327.45 lakh bales in the last season. Although the quality of cotton is still good, the decline is due to lower yields in Gujarat and the northern states. By January 2025, domestic demand…
Jeera prices rose by 0.75% to settle at 20,780, driven by low-level buying. Indian cumin remains the cheapest globally, attracting international buyers despite weak domestic demand. Farmers hold around 20 lakh bags, with only 3-4 lakh bags expected to be traded by the end of the season. Production is expected to remain stable due to…
Gold prices rose 0.38% to ₹85,809 as the US dollar weakened, concerns over the US president’s potential tax policies and concerns that they could worsen global trade tensions. Traders are now leaning towards a rate cut in July as headline inflation has been higher than expected. After reaching a peak demand of 802.8 metric tonnes…
