Live Spot Prices
Gold ( MCX ) 2920 | Natural Gas ( MCX ) 190 | Zinc ( MCX ) 175.35 | Crude Palm Oil ( MCX ) 456.7 | Sugar M ( NCDEX ) 3621 | Jeera ( NCDEX ) 18470 | Soya Bean ( NCDEX ) 2815
 
India's Gold imports take a major hit
Commodity Online | March 13 2017
UPDATED 13:25:17 IST

Oil Inventories fail to support prices; Short selling advised

India Pepper exports plunge 37 percent y/y

Global Crude Steel output up 2% in May

If farmers were cricketers

Turmeric demand on a high, prices set to rise

India's Gold imports declined sharply to 54.1 tonnes in December and 53.2 tonnes in January from a high of 119.2 tonnes in November, thanks to demonetization of Rs 500 and Rs 1000 notes, which led to a massive cash crunch in the country impacting demand for various commodities, including precious metals.

The decline in January is 43% from the Gold imported in the corresponding month in 2016.

In volume terms, the country's total Gold imports declined to 546 tonnes in April-January of this fiscal, much lower than 892.9 tonnes in the year-ago period.

Total Gold imports had totalled 968 tonnes in 2015-16.

Commodity Arrivals Rate
Mustard Oil 1.21 7504.00
Coconut Oil 0.2 15100.00
Arecanut NR 17500.00
Sugar 13.34 4400.00

More

×