Gold prices fell 0.28% to 97,545 as the US dollar strengthened after the US-EU trade deal. At the same time, the US imposed a 15% tariff on some European goods. This increased demand for the dollar and lowered gold prices. In June, Swiss gold exports rose 44% to their highest level since March, with large…
Malaysian palm oil futures rose to MYR 4,260/tonne for the first time in three sessions, driven by a softer ringgit and higher Dalian soyoil prices. Indian imports reached an 11-month high in June, driven by Diwali stockpiling. Exports fell 9.2%-15.2% in the July 1-25 period, limiting gains. However, Malaysian 2025 production is expected to rise…
Silver prices fell by 1.81% to 1,13,052, due to improved global trade sentiment and positive developments in trade negotiations. The Federal Reserve is expected to keep rates unchanged due to inflation risks. Investment trends in silver remain mixed, with European retail investment recovering but Indian retail investment showing resilience. The silver market is projected to…
Jeera (cumin) prices fell 1.93% on Wednesday to close at ₹18,790. This happened as domestic and international demand weakened after the shopping season ended. Farmers currently have about 20 lakh bags, but only 3-4 lakh bags are expected to be sold by the end of the season. This means that about 16 lakh bags will…
Uttar Pradesh is experiencing a significant increase in the cultivation of oilseeds and pulses during the Kharif season. The Agriculture Department reported a 547.14 thousand hectare increase in the total area under oilseed crops in 2025, with the most significant increase in sesame cultivation. Groundnut and soybean cultivation also expanded, with pigeon pea (arhar) being…
Jeera prices have declined by 0.8% at 19,130 due to sluggish domestic and export demand following the end of the retail season. Traders have noted limited overseas buyer activity, and farmers are holding around 20 lakh bags of cumin. Only 3-4 lakh bags are expected to be traded by the end of the season, leaving…
Gold prices fell 0.91% to $99,417 on Wednesday, as a series of new trade deals boosted investor confidence. This included lower-than-expected reciprocal tariffs of 15%, below the threatened 25%. Similar deals with the Philippines and Indonesia further dampened demand for gold, with market attention now turning to next week’s Federal Reserve meeting, when rates are…
Oil prices rose in Asia on Wednesday. This was mainly due to the trade deal between the US and Japan and falling US oil supplies. In the past three days, oil prices have been falling. This is due to trade tensions between the US and the European Union and concerns about US tariffs starting on…
Turmeric futures fell 1.05% to 13,212 per quintal due to higher acreage expected from monsoon rains this sowing season. Daily arrivals increased to 13,660 quintals, indicating a steady market supply. However, production may not rise proportionally due to weather risks, particularly in regions like Nanded. Despite this, there is optimism in the Duggirala market due…
Aluminum prices rose 0.42% to settle at 253.45, supported by renewed confidence in China’s policy measures aimed at bolstering key industries such as machinery, automobiles, and electrical appliances—all major consumers of aluminum. This optimism helped offset the impact of softer short-term demand. Data from the International Aluminum Institute showed global primary aluminum output increased 0.9%…
