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Commodity

Oil prices edge higher ahead of US Fed meeting

Oil prices edged higher in Asian trade on Monday as investors focused on the US Federal Reserve’s policy meeting this week for clues about its long-awaited stimulus pullback. New York’s main contract, West Texas Intermediate (WTI) for January delivery, was up six cents at USD 96.66 in mid-morning trade while Brent North Sea crude for […]

Commodity

Govt slashes tariff value on imported gold; raises on silver

The government on Friday slashed the import tariff value on gold to USD 398 per ten grams while raising it marginally on silver to USD 643 per kg in line with global trends. The import tariff value is the base price at which the customs duty is determined to prevent under-invoicing. The tariff value on […]

Commodity

Govt cuts import tariff value on gold

The government has further slashed the import tariff value of gold to USD 417 per ten gram, while it was kept unchanged for imported silver at USD 738 per kg, in line with global trend. The import tariff value is the base price at which the customs duty is determined to prevent under-invoicing. The tariff […]

Commodity

Govt hikes tariff value on imported gold; cuts on silver

Taking cues from global price movements, the government on Tuesday raised the import tariff value of gold to USD 436 per 10 grams, while reducing it on imported silver to USD 702 per kg. Tariff value is the base price at which the customs duty is determined to prevent under-invoicing. During the last fortnight, the […]

Commodity

Gold dips by 625 rupees per 10 gm on weak demand

Gold tumbled 625 rupees, to 31,100 rupees per ten grams at Delhi’s bullion market, today, on sluggish demand at prevailing higher levels, amid a weak global trend. Silver held steady at 54,300 rupees per kilo, on scattered buying by industrial units and coin-makers. Overseas, gold fell 0.3 per cent, to 1,387 dollars an ounce, on […]

Commodity

Gold surges Rs 660 in Delhi

Gold surged 660 rupees, to 32,200 rupees per ten grams at Delhi’s bullion market, today, on sustained buying by stockists, driven by a firm global trend. Silver rose 70 rupees, to 55,500 rupees per kilo, on increased offtake by industrial units and coin-makers. Silver coins spurted 1,000 rupees, to 89,000 rupees for buying 100 pieces.

Commodity

Gold futures hit record high of Rs 34,500 per 10 gram

Continuing its rising streak, gold prices climbed to cross Rs 34,500 per 10 gram level for the first time ever in futures trade on Wednesday as rupee tumbled to hit an all-time low of Rs 68.75 amid a firming trend overseas. At the Multi Commodity Exchange, gold for delivery in October went up by Rs […]

Commodity Legal

Sebi seeks details from brokers about exposure to NSEL

Market regulator Sebi has sought details from various brokers about their direct and indirect exposure to the National Spot Exchange Limited (NSEL), even as shares of its listed group entities Financial Technologies and MCX continued to bleed for the second straight day. The regulator is also seeking to ascertain that the brokerage firms and individual […]

Commodity

Gold hits 23-month low in Delhi, plummets by Rs 1,150

Gold prices on Friday plunged by Rs 1,150 to hit 23-month lows of Rs 25,650 per 10 grams in the bullion market in Delhi tracking weak global trends. This is the third-biggest single day decline ever. The largest fall was of Rs 1,250 in April 13 this year. In Mumbai, prices tumbled to 22-month low […]

Commodity

Commodity Exchange UCX delivers 115Kgs Gold

New Delhi : Universal Commodity Exchange (UCX), which commenced its operations on 19th April 2013, receives an overwhelming response from the market participants for UCX Gold Futures Contracts. The highlight of the settlement for these contracts has been the fact that UCX has facilitated physical delivery of 115 kilograms of gold valuing around Rs. 30.62 […]