commodity market

In an unsettling turn of events, Guwahati traders are on high alert as fuel prices have spiked twice within just one week. While commodity prices like rice and pulses hold steady for now, wholesalers brace themselves for imminent price increases.

India's export strategy is showing strong results in FY26, with new markets and products driving growth. Ships, telecom instruments, and marine products are leading the charge, alongside a surge in handloom and agricultural exports. This diversification signals a move towards high-value manufacturing and technology, with Asia and Latin America showing significant demand.

Gold and silver prices are expected to trade within a narrow band this week, with investors closely watching US-Iran peace talks and key global economic data. Analysts noted that while gold's momentum appears steady, silver shows positive movement. Geopolitical tensions and central bank buying are also influencing precious metal markets.

Mark your calendars: In a bold move, Delhi-NCR goods transporters are initiating a three-day 'Chakka Jam' beginning May 21st, fueled by frustrations over soaring operational costs and environmental fees. The All India Motor Transport Congress is sounding the alarm, indicating that without proactive discussions from government officials, there could be severe interruptions in the supply of vital goods.

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Indian markets brace for a volatile week, with the US-Iran conflict and soaring crude oil prices dominating investor sentiment. A weakening rupee, coupled with inflation concerns, adds to the pressure. Analysts anticipate heightened sensitivity to geopolitical developments, especially concerning the Strait of Hormuz, and will closely watch foreign investor activity and upcoming economic data.

The Indian rupee continued its decline against the US dollar, falling 18 paise to 96.38 amid rising crude oil prices and Middle East tensions. The currency has lost over 5% since late February, with concerns over geopolitical instability and foreign portfolio investor outflows pressuring its value.

A 24-year-old man, Saurabh Goyal, has been arrested in Gurgaon for allegedly defrauding over 20 companies of approximately Rs 3.5 crore. He procured goods on credit through his firm, Pushpanjali Enterprises, sold them, and issued bounced cheques for payment. Police are now searching for his associates involved in the scheme.

Fuel prices have seen another surge, with petrol and diesel rates climbing by approximately 90 paise per litre. This marks the second increase in under a week, driven by escalating global crude oil prices due to the West Asian conflict.

Asian equities traded mixed as the AI and tech rally cooled, with Hong Kong's Hang Seng inching up while Shenzhen and Shanghai fell. Wall Street also saw a softer mood, with the S&P 500 retreating from a record high and chipmakers leading declines. Oil prices remained elevated due to ongoing disruptions in the Strait of Hormuz.

Gold price prediction today: Gold prices are expected to move towards consolidation in the coming days as well, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.

Gold price prediction today: Gold and silver prices are rallying in the domestic market due to the sudden hike in import duties. In the coming days they are expected to align closer to the international prices, says Vedika Narvekar, Research Analyst - Commodities & Currencies, Anand Rathi Shares and Stock Brokers.

To increase resilience, massively scale up renewables, electrify transport, and make India attractive for world's best companies

The Indian rupee hit a record low of 96.70 against the US dollar on Tuesday, extending its losing streak to eight sessions. Rising crude oil prices, foreign fund outflows, and a strong dollar due to global risk aversion are key factors. Forex traders also cited supply-chain disruptions. The Reserve Bank of India's intervention and import restrictions might offer some support.

Gold price prediction today: For both gold and silver prices, the near-term outlook remains weak, says Vedika Narvekar, Research Analyst - Commodities & Currencies, Anand Rathi Shares and Stock Brokers.

Congress workers protested rising fuel and milk prices, with leaders arriving by bullock cart to highlight inflation's impact. Delhi Congress president Devendra Yadav criticized the government's handling of essential commodity costs, stating inflation has doubled since 2014. This demonstration follows a recent Rs 3 per litre hike in petrol and diesel prices across major cities.