Welcome to the Commodity Market tracker, we constantly support traders to analyze the rise and fall of the market for ten categories on the daily basis. We analyze and display the beginning value of the market on the morning updates and the Ending value on the evening updates. We examine the everyday trends for these categories and flash them as push notifications in our mobile applications and our success rate is above 80 percent. Play Store
Edible oil prices may decrease in the domestic market soon, helping to cool food inflation and lessen the pressure on household budgets. Following an order from the food ministry to cut prices by Rs 10-12/liter in view of the decline in global prices and the recent import tax cuts, major producers, including Adani Wilmar and…
Gold price fell on Tuesday pressured by rate hike expectations and a stronger dollar, but growing recession fears kept haven bullion above the key support level of $1,800 an ounce. Spot gold was down 0.4% to $1,801.20 per ounce, while U.S. gold futures were little changed at $1,800.80. The dollar is strong near two decade…
India’s coffee output for the new 2022-23 crop year, starting October is heading for a new record provided the weather supports the crop for the rest of the calendar year. The Coffee Board, in its early production estimates also known as post-blossom estimates, has pegged the 2022-23 crop at 3.93 lakh tonnes on favorable weather…
Reinforced steel bar prices, also called rebars, have raised up ₹2,000 per tonne since last week on the back of active buying and improved spot demand. However, trade sources said, there has been some slowdown from Wednesday onwards with limited buying in select markets but prices have been stable at around ₹53,000–55,000 per tonne. Price…
Palm oil prices resumed their downward direction on Wednesday after having gained on the first two days of the week following the suspension of production by some Malaysian producers. The edible oil also gained as soyabean oil prices increased on the Chicago Board of Trade during the weekend. However, the downward pressure on palm oil,…
Oil prices fell on Wednesday after rising in the previous three sessions but losses were limited on the view that global supply tightness will continue as there is limited room for major producers such as Saudi Arabia to boost production. U.S. West Texas Intermediate (WTI) crude futures slid 44 cents, or 0.4%, to $111.32 a…
NMDC’s three million tonnes per annum (mtpa) greenfield steel plant at Nagarnar in Chhattisgarh is likely to be operational towards the end of September, after a delay of nearly seven years. The state-run company spent Rs 20,240 crore as of May this year for the plant and is likely to spend another Rs 1,700 crore…
The gold price was up in Friday’s early trade, as the yellow metal’s price increased by Rs 230 from the previous day’s rate with 10 grams of 24-carat gold selling at Rs 51,990. Meanwhile, 10 grams of 22-carat gold, after a decrease of Rs 200, is trading at Rs 47,650. On the other handThe prices…
Oil prices declined in early trade on Wednesday amid a push by U.S. President Joe Biden to bring down rising fuel costs, including pressure on major U.S. companies to help ease the pain for drivers during the country’s peak summer demand. U.S. West Texas Intermediate (WTI) crude futures fell $1.34, or 1,2%, to $108.18 a…
With demand reducing amid a slowdown in the global economy, cotton prices in the `international market are set to come under pressure, experts have said. “There is no demand for yarn from the spinning mills. They are losing about ₹30-40 a kg in yarn sales. But stocks are limited with them. This is stopping the…
