Precious Metals watch out: Gold Tumbles on remarkable Gains in Equities

Gold prices fell 0.58% to Rs. 29,570 per 10 grams in futures trade today since participants’ trimmed positions to book profits accompanied by a weak trend overseas. At the MCX, gold for delivery in April was trading Rs. 172, or 0.58%, lower at Rs. 29,570 per 10 grams, in a business turnover of 71 lots. Further, the metal for delivery in Feb…

Higher arrivals drag turmeric prices | Agri Commodity Price

Prices of turmeric have been under stress in the near-term as a consequence of higher arrivals in the terminal markets and lower exports. On the other hand, the fundamentals support a strong market based on reports that turmeric production in Tamil Nadu, Telengana and Andhra would be lower than last season. NCDEX Turmeric’s spot prices on Mond…

Commodity Exchange launches 50 cents Diamond futures contract

Indian Commodity Exchange (ICEX) has started 50 cents Diamond futures contract on 27 November 2017. It aims at educating and training the market players on the usage and benefits of the diamond derivatives market. The ICEX launched the world’s first diamond futures contract in August, but the initial contract size was 1 carat. To start with futu…

Onion prices bring more tears: Govt to import 2,000 tonnes onion

Owing to tight domestic supplies, retail prices of onion have shot up to Rs 50-65 per kg in the largest part of cities. Sources alleged the retail onion prices have shot up on account of a delay in the arrival of the fresh Kharif harvest. Since the prices of onion have spiraled at a range of Rs 50 to 65 per kg in most retail markets, Food & Co…