COMEX silver inventory fell from 299.04 Moz to 298.46 MOz and remains at the highest level since January 2023
Slightly softer than expected inflation data from University of Michigan, which was released Friday, continued to aid in commodities recovery
Silver at $30.12 was down over 2 per cent at the time of MCX closing as the corresponding MCX July contract at Rs 90305 was down 2.91 per cent on the day
Commodity trading: Copper prices have dropped 7 per cent since Monday's record high, with a significant intraday drop due to profit-taking
The downside pressure on gold further intensified on Thursday on better-than-expected S&P US Global manufacturing and services PMI data
The surge in the metal index, analysts believe, is largely credited to Vedanta's robust Q4 performance and its first interim dividend declaration of Rs 11 for FY25
Crude oil outlook: Crude oil prices are expected to trade in a fairly tight range ahead of the key OPEC+ meet on June 1
OPEC is expected to keep the supply tight to maintain the price stability at a time when demand is seen weakening
Market sentiment is starting to shift as rising commodity prices keep the policymakers from letting their guard down on inflation
The company continues to expand its rural distribution and now has 28,000 rural distributors onboard
FMCG major Britannia Industries Limited said that the food sector in which it operates has been significantly impacted by high commodity prices, rising interest rates and due to the fall out of the Russia-Ukraine conflict. The long term effects of these factors continue to be felt extensively, the company said in its annual report for 2022-23. It said that although commodity prices were volatile and inflation was at unprecedented levels, the post-COVID normalisation of economic activities supported growth throughout 2022-23. During the last fiscal, the major challenge confronting the food industry was managing inflation in the cost of key inputs like wheat, milk, sugar, palm oil and crude oil, the company annual report said. The foods vertical of Britannia comprise segments like biscuits, cakes, rusks, bread and dairy. On the outlook for the foods vertical, the company said that businesses in the country are still optimistic on demand conditions despite apprehensions about global
"The markets may have run up recently, but we do not believe it to be an irrational exuberance bubble"
A survey done by local circles showed that four out of the 10 respondent households are feeling the pinch of high tur dal prices
Some experts expect the crop size to be even lower at just 5 million bags, which has created a panic in the market
Domestic sugar stocks may rally up to 25 per cent after crossing key hurdles
Consumers know that they can trade down to a lower priced product, and they do that when in a pinch
At current prices, the growth in the third quarter of this financial year is projected at 8.6 per cent, which is almost at the same level in the corresponding quarter of FY22
The price of ten grams of 24-carat gold in Delhi, Bengaluru and Chennai is Rs 57,530, Rs 57,430, and Rs 58,250, respectively
Favourable forex variation, softening commodity prices and higher non-operating income drive performance, consolidated revenue jumps 26.9% to Rs 29,918 crore
The ministry and the Reserve Bank of India (RBI) are jointly co-hosting the FCBD meeting