Current gold prices, future gold prices, and gold price forecasts: Despite encouraging global signals for the metal, the gold rate is slightly down on Wednesday, while the silver rate is up 0.25%. Gold April futures were trading at Rs 58,540 per 10 kilos on Multi Commodities Exchange, down Rs 39 or 0.07%. Silver May futures…
The windfall tax on domestically produced crude oil has been decreased, while the tax on diesel has been increased by the Finance Ministry. The revised levy became effective on Tuesday. A notification states that the windfall levy, formally known as Special Additional Excise Tax (SAED), has been reduced from $4,400 per tonne to $3,500 per…
The Solvent Extractors’ Association (SEA) of India predicts that the production of the rapeseedmustard crop will be around 115.25 lakh tonnes (lt) in 2022-23. In 2021–2022, SEA anticipated that the crop would be 110 lt. On announcing the all-India estimate for the rapeseed-mustard crop in 2022–2023, SEA stated that India is on track to produce…
The agricultural produce marketing committee (APMC) yards in the growing regions in India have seen cotton arrivals start to rise to a three-year high in March. This is due to the fact that, according to traders and industry leaders, the price of natural fiber has stabilized between 60,000 and 62,000 per candy (356 kg) and…
Oil prices increased on Monday following their greatest weekly loss in months as UBS agreed to acquire Credit Suisse and some of the biggest central banks in the world worked to reassure and stabilize the world’s financial markets. Following a week in which it lost about 12% of its value, the price of Brent oil…
Despite the metal’s bearish worldwide indications, the local gold rate is marginally in the green on Monday, while the domestic silver rate is down 0.24%. Gold April futures were up Rs 23 or 0.04% on the Multi Commodities Exchange, trading at Rs 59,406 per 10 kilos. At Rs 68,336 per kg on the MCX, silver…
Ravindra V Rao, VP-Head Commodity Research at Kotak Securities, said Investors were paralyzed by fear this week as the banking crisis moved from the U.S. to Europe, raising concerns about contagion in the international financial markets. The U.S. regulators announced plans to reduce systemic risk at the beginning of the week in a joint statement…
The Solvent Extractors’ Association (SEA) of India provided data that revealed India exported 37.69 lakh tonnes (lt) of oil meals from April through February of the current fiscal year as opposed to 21.32 lt during the same period of the previous fiscal. According to BV Mehta, Executive Director of SEA of India, the price of…
The cotton crop for the 2022–23 season (October–September) is predicted to be a low of 313 lakh bales (each weighing 170 kg), down from the earlier expectation of 321.50 lakh bales, driven by a decline in production in the cotton-growing states of Telangana and Maharashtra. 307 lakh bales of cotton were thought to have been…
Oil prices were little altered on Friday following a meeting between Saudi Arabia and Russia that helped to calm the markets, but crude benchmarks were still on track to drop for a second consecutive week after this week’s sell-off in the global financial markets was started by a banking crisis. After ending three days of…
