http://www.commodityonline.com/ India's largest commodity news portal en-us Sun, 08 Nov 2009 06:52:05 GMT 60 Copyright: (C) 2007 Commodity Online India Limited. All Rights Reserved. http://www.commodityonline.com/images2008/commodity_logo.jpg http://www.commodityonline.com/ 144 27 Visit CommodityOnline.com http://www.commodityonline.com/news/Did-India-sell-US-Treasury-bills-to-buy-IMF-gold-22730-3-1.html According to the RBI release total foreign exchange reserves including gold and SDR (special drawing rights the reserve currency with IMF) dipped by $1.129 billion to $284.4 billion during the week ended October 30. While foreign currency assets dipped by $1.580 billion the value of SDR dipped $25 million. The value of gold in reserves rose $484 million to $10.8 billion. Sat, 07 Nov 2009 00:00:00 GMT http://www.commodityonline.com/news/Commodity-TrendsGold-shines-so-does-gold-guinea-22732-3-1.html Rise in food inflation to 13.39% causes alarm for policy makers on the back of losses in kharif output while government is pinning hopes on increased rabi output. RBI's gold buying has spread positive sentiments and NMCE has now launched a futures aimed at gold retailers Sat, 07 Nov 2009 00:00:00 GMT http://www.commodityonline.com/news/Australia-slaps-dumping-duty-on-Chinese-aluminium-22735-3-1.html The Australian customs authorities launched an investigation into the case in June and are due to report to the minister of home affairs with recommendations on or before April 15 2010 on whether to publish a dumping duty notice. Sat, 07 Nov 2009 00:00:00 GMT http://www.commodityonline.com/news/Zimbabwe-escapes-diamond-ban-22734-3-1.html Kimberley Process probe team had recommended that Zimbabwe be suspended meaning many consumers would have shunned the country s diamonds. In a communique issued in Namibia KP said its investigators found evidence of Zimbabwe s significant noncompliance. Zimbabwe agreed to take steps including pulling soldiers out and allowing monitors in to become compliant and the country would be given time to do so under Kimberley Process monitoring. Sat, 07 Nov 2009 00:00:00 GMT http://www.commodityonline.com/news/Chinese-steel-producers-cry-foul-over-US-duty-22731-3-1.html he US commerce department on Thursday slapped preliminary anti dumping duties on Chinese made steel pipes used in the oil and gas industry. It was the biggest US trade action against China to date. Sat, 07 Nov 2009 00:00:00 GMT http://www.commodityonline.com/news/Scrap-gold-sales-zoom-in-India-over-IMF-gold-deal-22717-3-1.html There is no buying happening at these high gold prices. Customers are coming to jewellery shops to sell old gold not to buy new gold ornaments and gold coins. Everyone feels that this is a market to sell but to buy. In fact this is market for scrap gold not for new gold to invest in says Sanjeev Srivastava a gold trader in Mumbai s Zaveri Bazaar. Fri, 06 Nov 2009 00:00:00 GMT http://www.commodityonline.com/news/Indian-investors-dump-gold-for-silver-22711-3-1.html Sales of silver coins and biscuits have gone up this week. Raw silver sales have risen by at least 30 per cent from any normal day. This week pure gold (.999) prices opened to an all time high of Rs 16 720 16 740 per 10 gm and touched the price of Rs 16 900. Fri, 06 Nov 2009 00:00:00 GMT http://www.commodityonline.com/news/Renewable-energy-A-reliable-source-for-energy-22716-3-1.html We have an abundance of sun and our ability to harness the sun's energy and create electricity is a pretty remarkable opportunity. The primary demand for power generation or power consumption is during the peak hours of the day it's called peak power. That's when usage of electricity is the highest and also when the cost of the electricity is the highest. So utility companies are constantly looking for ways to increase that peak supply of power. Fri, 06 Nov 2009 00:00:00 GMT http://www.commodityonline.com/news/Demand-for-gold-shares-soars-22709-3-1.html Ventana is busy drilling at La Bodega in Colombia and currently carries an eye popping market value of $902m. La Bodega appears to be an extension of Greystar s Angostura project which for some considerable time has held 15m ounces of gold resources with expansions likely. Greystar carries a more modest market value of $341m and is not much in demand at this point in time. Fri, 06 Nov 2009 00:00:00 GMT http://www.commodityonline.com/news/Relevance-of-Eco-Mark-for-Indian-industry-22729-3-1.html Twenty Eco Mark licenses to fifteen companies have been awarded in India under three product categories i.e. paper wood substitutes and finished leather and sixteen product categories have been notified since 1992 to 2000. Fri, 06 Nov 2009 00:00:00 GMT http://www.commodityonline.com/news/Chinese-steel-exports-hit-as-US-slaps-dumping-duty-22714-3-1.html The duties on $2.6 billion ($2.9 billion) in annual imports of the pipes used in oil and gas wells will be 36.5 per cent for the 37 largest exporters the Commerce Department said in a preliminary decision announced by email. The tariffs will be on top of separate duties announced in September averaging 21 per cent to counter subsidies to Chinese producers. Fri, 06 Nov 2009 00:00:00 GMT http://www.commodityonline.com/news/Japan-s-polished-diamond-imports-fall-by-7-22710-3-1.html According to reports Japan s polished diamond imports fell by 6.7 per cent to $55.9 million in September 2009. The country s polished imports dropped 8.5 per cent to 170 437 carats by volume as the average price of the stones increased 2 per cent to $328 per carat. Fri, 06 Nov 2009 00:00:00 GMT