Commodities

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27 Jul 17
Now, gold importers misusing FTA route for money laundering
01:44 AM
If industry experts are to be believed, the recently implemented goods and services tax (GST) regime might have inadvertently opened a channel for gold importers to launder money out of the country.
26 Jul 17
If Opec members refuse to cut output, oil may fall to $42: Natixis analyst
01:52 PM
Abhishek DeshpandeLast year's historic pact between the Organisation of the Petroleum Exporting Countries (Opec) and non-Opec members to cut crude oil production has faced several challenges, including non-compliance by some members, while shale
25 Jul 17
Oil rises as Saudi Arabia pledges deep cuts to August exports
01:21 AM
Oil rose as Saudi Arabia said it would make deep cuts to its crude exports in August and encourage better compliance with supply reductions from other producers.
New good delivery norms for gold: BIS wants independent monitoring body
01:20 AM
With the bullion industry aiming to create Indian good delivery standards for gold that are in sync with globally acceptable LBMA standards, India's quality specification and regulating agency, the Bureau of Indian Standards, has expressed the view
21 Jul 17
Oil edges up, Brent below $50 a barrel ahead of Opec meeting
04:03 PM
Oil prices edged up on Friday ahead of a key meeting of major oil producing nations next week, but Brent held below the $50 per barrel level that was briefly breached for the first time in six weeks in the previous session.
Gold hits 3-week high in Singapore, as dollar dives to 13-month low
03:41 PM
Gold hit a three-week high on Friday and was on track for a second straight weekly gain as the dollar tumbled to a 13-month low.
20 Jul 17
Proposed gold exchange to have its own good delivery norms
05:21 AM
In a move that will set the stage for setting up a spot exchange for gold trading, help make gold trade transparent and eveolve an  India-based gold price, the government is considering formulating good delivery standards and responsible gold
18 Jul 17
Steel output hits record in June, Trump set to act
02:19 AM
China’s old economy is displaying greatly renewed vigour.
17 Jul 17
Oil edges above $49 amidst US drilling slowdown, Opec-led cuts
03:49 PM
Oil rose above $49 a barrel on Monday as a slowdown in the growth of rigs drilling in the United States eased concern that surging shale supplies will undermine Opec-led cuts.
No policy decision yet on commercial launch of GM mustard seeds: Govt to SC
02:33 PM
The Central Government on Monday informed the Supreme Court that no policy decision has been taken yet on the commercial launch of Genetically Modified (GM) mustard seeds.
11 Jul 17
Gold loses sheen, silver plunges below Rs 36,000
02:30 AM
Falling for the tenth straight day, gold prices cracked below the Rs 28,000-mark by losing another Rs 390 per 10 grams at the bullion market on the back of weak overseas cues amid muted demand from local jewellers.
05 Jul 17
GST regime: Tax hike could increase illegal gold sales
06:31 AM
A hike in taxes on gold sales in India could stoke under-the-counter buying and drive up appetite for precious metal smuggled into the country, where millions of people store big chunks of their wealth in bullion and jewellery.
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