Turmeric prices fell by 1.68% at 13,324, despite expectations of higher acreage due to favorable monsoon conditions. Daily arrivals increased to 13,660 quintals, suggesting higher market availability. The area under turmeric has expanded to 3.30 lakh hectares for the 2024-25 season, but production gains may not match acreage growth due to untimely rains. Despite these…
Gold prices fell in Asia on Thursday because investors were less worried after the U.S. president calmed fears that he might fire the head of the Federal Reserve too soon. Other metal prices also dropped due to the strong U.S. dollar, which stayed close to a three-week high after inflation data showed that prices didn’t…
Silver prices fell 1.28% to ₹1,11,486 on a stronger US dollar. The latest US inflation (CPI) data came in close to expectations, suggesting that the US Federal Reserve is likely to cut interest rates soon. Core CPI rose 0.2% month-on-month and 2.9% year-on-year — both marginally lower. Headline CPI rose 0.3% month-on-month and 2.7% year-on-year,…
Jeera closed slightly lower at 19,585 due to weak domestic and export demand, attributed to a slowdown in retail activity and tepid overseas buying interest. Despite easing geopolitical concerns, Indian exports could have been supported. Nearly 20 lakh bags are still with farmers, with only 3-4 lakh bags expected to be traded before the season…
Zinc prices fell 0.84% to 258.6. This was due to the resurgence of tensions over US tariffs in a difficult global economic situation. The US President has decided to impose new import tariffs of 25% to 40% on 14 countries from August 1. He has also warned of imposing an additional 10% tax on BRICS…
Cottoncandy prices rebounded by 1.82% to 55,950, driven by short covering after recent declines. The Cotton Association of India (CAI) raised India’s 2024-25 production forecast to 291.35 lakh bales, citing better output in Odisha. However, CAI lowered its cotton consumption estimate and export forecast, signaling weaker domestic and overseas demand. India’s cotton exports are expected…
Zinc settled higher by 1.16% at 260.8, driven by a softer dollar and supply tightness overseas. However, concerns about global demand growth and new U.S. tariffs have stoked uncertainty across metals markets. The Biden administration’s tariff notices, targeting 14 countries with rates ranging from 25% to 40%, effective August 1, have stoked uncertainty. U.S. President’s…
Gold rose 0.24% to close at ₹96,691. The US Federal Reserve’s (Fed) June meeting action notes gave a nod to a rate cut. The bank’s dovish approach, given the tax-related inflation and economic data, confirms the central bank’s stance. As for the central bank’s stance, China’s gold reserves rose slightly in June to 73.90 million…
In the first 6 months of 2025, silver prices rose 25%, matching gold’s 26% rise. Many investors invested in silver through Exchange-Traded Products (ETPs). By mid-2025, 95 million ounces of silver had been added to ETPs – more than the entire 2024 total. 1.13 billion ounces of silver were reportedly held in ETPs, worth more…
Jeera prices rose by 0.49% to 19,650, driven by export demand and easing geopolitical tensions. However, the momentum is limited due to the retail buying season and lackluster overseas interest. Domestic supplies remain ample, with farmers holding around 20 lakh bags of cumin. Production is estimated at 90-92 lakh bags for the current season, with…
