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Sugar stocks were seeing huge selling pressure on news of sugar companies yet to begin crushing for the season. There were reports that sugar mill owners have agreed to pay Rs 180 per quintal for sugarcane. The farmers were demanding Rs 200 plus for the same. The crushing could not start as farmers have stopped supplies in anticipation of higher .. more »

Standard gold and pure gold opened at Rs 17,300 and Rs 17,390 per ten gm respectively, advancing by Rs 110 per ten gm each. At the end of the day, standard gold and pure gold sparkled by Rs 105 and Rs 100 per ten gm, finishing at Rs 17,295 and Rs 17,380 per ten gm respectively. Silver, after opening at Rs 28,955 per kg, closed in the green at .. more »

"I did 40-55 kgs yesterday when prices were at around $1,135-1,140 (an ounce), but today there is nothing on domestic front," said a dealer with a state-run bank in Mumbai. Dealers said traders were stationed on the sidelines seeking lower prices to stock for the ongoing wedding season. "I have a few orders below $1,125 (an .. more »

India has all along been the largest market in the world for gold. Yet, for many years, policymakers have denigrated the proclivity of the masses to buy and hoard gold. Paradoxically, all decision-takers, in their individual capacity are addicted to gold which, in a sense, is Nature s gift. For many years, central banks treated gold as a barbaric .. more »