With low consumer demand, jewellers in India feel squeezed over advance tax payments

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High volatility in gold prices have dealt a double blow to jewellers as consumers are staying away from visiting shops because of the coronavirus spread. This has reduced discretionary spending as it rendered jewellery sales to almost a standstill. Also, advance tax payment has put them under pressure, reports Business Standard. Prices continued to fall almost the entire last […]

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Iron ore, finished fertilizers rescue Indian ports over declining coal cargo

Iron ore and finished fertilizers shipments have enabled major ports to tide over falling volumes in coal and other miscellaneous cargo. Iron ore shipped through major ports soared 39 per cent between April and January of this financial year. Growth in the finished fertilizers cargo too was robust at 21.55 per cent. Thermal or steam cargo shipments plunged 14.98 per cent […]

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Gold, base metals, crude oil jump on US Fed’s surprise interest rate cut

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Base metals’ prices jumped by 1-2 per cent on Wednesday after the United States Federal Reserve (US Fed) announced a 50 basis points (bps) emergency interest rate cut. The Fed also confirmed high downside risk for the global economy as a result of increasing number of coronavirus (COVID-19) cases across the world. Gold and silver price increased […]

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There’s more to coal’s struggles in Asia than just China coronavirus

Asia’s seaborne coal markets stumbled in February 2020, Reuters reports. In addition to the coronavirus outbreak in China, the weakness in coal concentrated in other major importers of the polluting fuel. South Korea’s imports of both thermal and coking coal were particularly hard hit, dropping to 6.9 million tonnes in February from 11.4 million tonnes […]

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