IFSC: RBI action to increase gold contracts’ liquidity
The Reserve Bank of India’s decision to permit Indian companies to hedge their gold price risk on recognized exchanges in the International Financial Services Centre (IFSC) will increase liquidity in…
Commodity participants argue against or for a lower transaction tax
The commodities transaction tax (CTT) has been asked to be totally eliminated or reduced in the upcoming budget, according to the Commodity Participants Association of India (CPAI). The CPAI has…
The World Bank anticipates an 11% drop in energy prices in 2023
The World Bank predicted on Wednesday that after this year’s 60% increase in response to Russia’s invasion of Ukraine, energy prices will fall 11% in 2023. However, slower global development…
Oil steady as rate rise talk counters China demand hopes
On Friday, the market began to weigh fears about high inflation as optimism about a potential increase in energy consumption in China faded. The price of Brent crude futures had dropped…
Average daily turnover of NCDEX increased 47% despite trading suspension on crucial commodities
The National Commodity and Derivatives Exchange has reported a 47% increase in average daily turnover at ₹1,857 crore in the financial year ended March 2022 against ₹1,261 crore reported in…
Gold Prices Today: The Yellow metal trades above Rs 53,000; Silver near to Rs 70,000
Gold prices high on April 18 in the global markets to their peak levels since mid-March, as the Russia-Ukraine crisis soured risk sentiment and drove investors to the safe-haven bullion.…
Gold and Silver Prices stay positive amid inflation fears, rising oil prices, slower global growth prospects
On the Multi-Commodity Exchange (MCX), gold contracts were down by 0.01 percent, trading at Rs 52,871 for 10 grams, while silver goes up 0.23 percent at Rs 68,945 a kilogram. Today Gold…
Crude Oil falls Down for Third Consecutive Day as Concerns over Continue COVID-19 spread
Oil was fallen down Wednesday morning in Asia, falling for a third consecutive day as concerns about the increasing numbers of COVID-19 cases globally dampen the fuel demand outlook. Brent…
Oil down, but thanks to strong demand on the way to weekly gains
Oil in Asia was lower on Friday morning but recorded solid gains at the end of the week and month. Fuel demand is growing faster than supply, while vaccination rates…