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COMMODITIES NEWS
Proposed GST reforms: Lower 18% for small cars, tax on luxury cars may remain highSubscriber Only
August 17, 2025 07:29 IST
At present, bikes with engine capacity of over 350 cc attract a GST rate of 28 per cent along with a cess of 3 per cent, taking the total tax levy to 31 per cent.
1 in 3 US smartphone imports now made in India, China’s lead shrinksSubscriber Only
July 26, 2025 09:33 IST
India’s growing share — now 1 in 3, driven largely by Apple iPhones — comes amid ongoing trade talks with the US. While smartphones are India’s top export to the US by value, President Donald Trump has threatened a 25 per cent tariff on Indian-made iPhones.
India set to ramp up oil imports from Russia, Africa, US and Latin America
June 24, 2025 08:54 IST
India’s oil sourcing strategy is already reflecting a risk-hedged posture pertaining to West Asian oil flows with Russian oil dominating India’s oil import mix.
RBI hikes loan-to-value ratio on gold loans below Rs 2.5 lakh to 85%
June 7, 2025 05:44 IST
For gold loans more than Rs 2.5 lakh and up to Rs 5 lakh, the LTV ratio has been set at 80 per cent. For loans more than Rs 5 lakh, the central bank has set an LTV of 75 per cent.
US farmers can offer non-GM soybean products to India: USSEC chief Jim Sutter
May 19, 2025 21:31 IST
Sutter said he does not view regulatory challenges in India around genetically modified (GM) products as a non-tariff barrier
Flagging ‘acute shortages’, industry bodies take Centre to court over copper QCO
April 17, 2025 08:13 IST
The dip in imports followed delays in foreign suppliers securing quality certification from the Bureau of Indian Standards (BIS), without which their cathode shipments cannot be imported into India.
Fresh US tariff threat looms over purchase of Russian oil
April 1, 2025 07:44 IST
Russia has been India’s top oil import source during April-December 2024, according to data released by the Ministry of Commerce and Industry.
Gold shines brighter as stock markets bleed; price up over 9% in 4 months
March 1, 2025 02:09 IST
Nifty has lost around 15.6 per cent in the same period; Trump’s tariff plans giving yellow metal a boost as a safe-haven asset
A 14-fold jump in soyabean oil imports from Nepal triggers red flags in India
February 17, 2025 07:49 IST
With a 19 per cent overall surge in the April to November 2024 period to nearly $3 billion compared to $2.5 billion in 2023. However, during the comparable period, Brazil — one of the top producers of the commodity — registered a drop in exports.
Gold rush: Soaring prices drive consumers to pledge their assets
February 7, 2025 05:39 IST
Gold holds a significant place in Indian culture, often being accumulated over generations. During times of financial needs like hospital expenses and college fees, individuals are more willing to pledge their gold holdings like jewellery to secure loans.
Iraq, UAE gain as India’s Russian oil imports slip to 12-month low in Dec amid Moscow’s high domestic demand
January 11, 2025 22:27 IST
Indian refiners cumulatively imported nearly 649,000 bpd of Saudi Arabian crude in December, up 4.4 per cent sequentially.
Migration of data transmission system led to gold counting error, says govt
January 11, 2025 22:27 IST
The explanation comes a day after the ministry revised the gold import figures for November lower by $5 billion to $9.9 billion from $14.8 billion narrowing the overall goods trade deficit for the month to $33 billion from $38 billion.
Laptop manufacturing: Import nods likely to be linked to local capacity
December 25, 2024 22:01 IST
The strategy, a source said, mirrors the approach that successfully attracted investment in the tyre manufacturing sector where the government temporarily eased import restrictions on certain tyre categories, contingent on establishing local manufacturing facilities.
Gold falls Rs 100 to Rs 78,600 per 10 gm; silver jumps Rs 500
December 25, 2024 22:01 IST
The trading volume remains relatively calm this week ahead of the Christmas holiday.
Gold reclaims Rs 80,000-mark; silver rally extends for third day to hit one-month high intraday
December 11, 2024 22:40 IST
Traders attributed the rise to increased demand from jewellers and retailers in local markets.
Gold Rate Today, 11 December: Gold prices touch a 2-week peak amid geopolitical tensions
December 11, 2024 12:45 IST
Gold Rate Today | Gold Price in India 11 December: The rate for 24-carat gold per gram is Rs 7,840.
Gold Rate Today, 5 December: Prices see slight decrease amid weak global cues
December 5, 2024 13:04 IST
On the Multi Commodity Exchange, gold contracts for February delivery traded lower by Rs 74 or 0.1 per cent at Rs 77,018 per 10 grams in a business turnover of 12,297 lots.
Gold, Silver Rate Today: Spot gold price increases globally by 0.7%, decline in India by Rs 375
November 29, 2024 13:10 IST
The opening price of 999 purity gold today is Rs 75,916 in India while silver will cost Rs 87,197.
Gold Rate Today, 27 November: Gold prices in India fall amid Israel-Hezbollah ceasefire agreement
November 27, 2024 12:49 IST
Gold Rate Today | Gold Price in India 27 November: The rate for 24-carat gold per gram is Rs 7,528.
Gold slips Rs 150 to Rs 77,900 per 10 gm; silver declines Rs 500
November 20, 2024 22:46 IST
Price of gold of 99.5 per cent purity fell Rs 150 to Rs 77,500 per 10 grams against the previous close of Rs 77,650 per 10 grams on Tuesday.
India gold price cracks to Rs 73,612 per 10 gram on weak global cues
November 14, 2024 16:37 IST
International gold price declines to 8-week low on stronger US dollar, treasury yields
Onion price increases to Rs 70 per kg, Odisha asks NAFED to intervene
November 14, 2024 07:47 IST
Odisha minister attributed the price rise to the market situation at Nashik in Maharashtra from where the onions are procured.
Gold loan outstanding of banks rises 43.4% in 1st half of FY25
November 2, 2024 08:22 IST
Gold loan growth in 2022-23 was just 14.6 per cent, according to the RBI.
95% of households have phone in India, only 9.9% own computer
October 10, 2024 01:42 IST
The concentration of ownership of computers is with urban households with a 21.6 per cent share, while rural households have a 4.2 per cent share.
India’s Saudi oil imports jump as Riyadh looks to claw back share lost to RussiaSubscriber Only
October 3, 2024 08:39 IST
As refiners usually buy crude in advance for their requirements of the next couple of months, India’s oil demand had softened in August in the run-up to the peak refinery maintenance season in September.
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