There was a discussion for a two-way deal under which India will give priority to import palm oil from Indonesia against which the latter was offering to buy raw sugar from here
With the US-Iran crisis not lacking vigour, gold prices are correcting
Silver jewellery, however, has compensated, with export up 75.36 per cent in these nine months, to $1.02 bn. Gold jewellery export also rose, by 4.9 per cent in those nine months, to $9.3 bn
Standard gold falls over 2.4% to Rs 39,772, biggest drop since Oct 2016
Polished diamonds and coloured gemstones were big underperformers in this basket. But gold and silver jewellery as well as synthetic gemstones have shown positive trends
Steel, iron ore firms gain pricing power, hope for demand revival in base metals
Feb gold goes past 40K on MCX, but spot market remains subdued as consumers shy away from making purchases at high levels
Onion prices have been rising for three months after crops were first affected by delayed monsoon and later excessive and prolonged rains in Maharashtra and Karnataka
An ICAR survey has found that traditionally sown onion crops saw a damage of up to 80%
It will help networking of jewellers with each other and also reduce the marketing cost of jewellery which otherwise is done through costly exhibitions
Smuggling of gold via Nepal borders was not only affecting India but also Nepalese jewellers
India's gem & jewellery industry exports a third of its diamonds to Hong Kong
The lack of a coherent policy and the unwillingness of Indian jewellers to reform are tarnishing the industry
The founder of Mobius Capital Partners LLP suggests India should invest more in building infrastructure to return to the high-growth path
With 3,000 tonnes of imported onion entering the market over the next fortnight, the price should start cooling off. Soon after, the new crop of onions will arrive, further reducing prices
Buyers shy away ahead of festive season as the precious metal trades at prohibitive prices; Karigars forced out of work
At present, while there are several options for investors looking to put their money in gold, those investing in the white metal can only buy physical silver
With this, retail investors can now buy coins in the futures market and store it in a vault of his choice before taking delivery
If this Diwali season fails, the jewellery industry is expected to face huge losses
Next year, domestic production is likely to increase on hope of good rabi oilseeds crop, limiting the need for imports