COMMODITY NEWS FLASH

etrol and diesel will cost up to Rs 3.50 per litre more, households will have to pay an additional Rs 35 per cylinder and poor man’s cooking medium kerosene will be dearer by Rs 3 a litre from today, the government has said.
The government’s move to hike fuel prices will stoke inflation with monthly wholesale price index expected to rise by 0.9 percentage points in the short term, India’s chief economic adviser Kaushik Basu said on Friday.

Today gold may touch resistance as it ended sharply higher o friday .it could be effect of currency depriciation and G-20 meet.

And if we have a look of spices then today paper could play a role of darling for investors.

The Empowered Group of Ministers (EGoM) has deferred the decision on imposing customs duty on imported refined sugar.

National Spot Exchange Ltd. (NSEL) has announced its plan to launch 15 commodities under E-Series for developing a full-fledged “cash” or “investment” segment in commodities