Gold Hit 7-Month Low as India Tax Hike Adds to Fed Rate Cudgel
By Barani Krishnan Investing.com -- For gold, the Fed doesn’t seem to be its only nemesis: it’s also Indian tax authorities. Bullion’s value took a further dive to briefly...
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| NCDEX Jeera | Jul 22 | 21,600.00 | 21,600.00 | 21,195.00 | +290.00 | +1.36% | |||
| NCDEX Coriander | Jul 22 | 11,382.00 | 11,400.00 | 11,276.00 | +38.00 | +0.33% | |||
| NCDEX Guar Gum | Jul 22 | 9,663.00 | 9,710.00 | 9,285.00 | +52.00 | +0.54% | |||
| NCDEX Soybean | Jul 22 | 6,609.00 | 6,609.00 | 6,609.00 | +24.00 | +0.36% | |||
| MCX Gold 1 Kg | Aug 22 | 51,950 | 52,032 | 50,727 | +1433 | +2.84% | |||
| MCX Silver | Jul 22 | 57,800 | 59,000 | 57,401 | -530 | -0.91% | |||
| MCX Crude Oil WTI | Jul 22 | 8,591 | 8,628 | 8,278 | +204 | +2.43% | |||
| MCX Natural Gas | Jul 22 | 449.40 | 471.60 | 443.60 | +1.70 | +0.38% | |||
| MCX Aluminium | May 20 | 143.85 | 143.85 | 138.05 | 0.00 | 0.00% | |||
| MCX Copper | Jul 22 | 679.40 | 691.40 | 672.15 | -14.75 | -2.12% |
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| TR/CC CRB ex Energy TR | - | 290.95 | 290.95 | 290.95 | -4.42 | -1.50% | |||
| TR/CC CRB Orange Juice | - | 1.9496 | 1.9813 | 1.9423 | 0.0000 | 0.00% | |||
| TR/CC CRB Unleaded Gas | - | 10.3611 | 10.3711 | 10.1018 | +0.0000 | +0.00% | |||
| TR/CC CRB Heating Oil | - | 10.3573 | 10.3958 | 10.1454 | +0.0000 | +0.00% | |||
| TR/CC CRB ex Energy ER | - | 152.99 | 152.99 | 152.99 | -2.33 | -1.50% |
Commodities News & Analysis
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Forget June Plunge; Oil Back on High Octane from Supply Squeeze
By Barani Krishnan Investing.com -- A month can seem like a long time ago on the oil market. Crude prices flew higher on Friday as trading began for July on the back of fresh supply scares...
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Import duty on gold up; additional levy on fuel exports
New Delhi, July 1 The Centre has hiked the import duty on gold to 15 per cent from 10.75 per cent to check the current account deficit (CAD) and rising import of the yellow metal. Besides,...
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Basic import duty on gold hiked to 15%
The move is a reversal from last year’s tax cut to 10.75% in the Budget. Gold also attracts a 3% GST in India, which is the second-biggest importer of the precious metal in the world.
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Biden opens the possibility of more offshore oil drilling in the Gulf of Mexico
The Interior's oil drilling proposal could up to 11 lease sales over the next five years, but includes an option for the administration to conduct no sales.
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Nevada Copper Provides Further Operational and Financial Update
YERINGTON, Nev., July 01, 2022 (GLOBE NEWSWIRE) -- Nevada Copper (TSX: NCU) (OTC: NEVDF) (FSE: ZYTA) (“Nevada Copper” or the “Company”) provides an update on operations at its Pumpkin Hollow...
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Vale Advances A Pioneering Project To Adopt Low-Carbon Fuels In Shipping
Vale has achieved a major advance in the adoption of alternative, lower-carbon fuels for shipping. A pioneering project developed by the company resulting in a design to incorporate...
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Supply fears to sustain oil rally, trumping recession risks
Oil prices are expected to stay above $100 a barrel this year as Europe and other regions struggle to wean themselves off Russian supply, a Reuters poll showed on Thursday, though economic...
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Russian oil price cap could push global prices higher – Russia’s Novak says
Russian Deputy Prime Minister Alexander Novak said on Thursday that attempts to limit the price of Russian oil could lead to “disbalance” in the market and push prices higher. Russian oil...
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Beijing offers subsidy for refineries if reference crude price exceeds $130/b
China will subsidize refineries if its reference basket of crude prices rise over $130/b, a move to sustain gasoline and gasoil production to ensure domestic supplies under its current oil...
