ShreeMetalPrices: China’s Aluminium Ingot Inventory continue to slide

aluminium-prices-slide-amidst-global-market-shifts-fueled-by-chinas-imports

The social inventories of aluminium ingots in China’s eight main markets were 1.04 Million MT as of Apr 6, down to 28K MT from Apr 3 & 50K metric tonnes from the previous week. The amount was also 30K metric tonnes lower than during the same time previous year. Due to the approaching delivery of […]

ShreeMetalPrices: RBI pause repo rate at 6.5% But it could be temporary

india-july-inflation-hits-6.40%-breaching-rbi-tolerance-level

The Reserve Bank of India’s (RBI) & the (MPC) Monetary Policy Committee unanimously resolved on Thursday to maintain the policy repo rate at 6.5 percent while remaining prepared to take actions if the need arise. This decision was based on the overall economy and its forecast. As a result, the bank rate and the rates […]

ShreeMetalPrices: Gold sees strong gains amid banking turmoil sprints as a safe haven

Gold-sees-strong-gains-amid-banking-turmoil-sprints-as-a-safe-haven

Early on Friday in Asian trading. Gold price remained unchanged and on track to enjoy their best weekin two months as demand for safe haven assets increased because of worries about a potential banking crisis. Gold price also benefited from skepticism regarding the Federal Reserve’s ability to continue raising interest rates in light of the […]

ShreeMetalPrices: Gold Deposits Found in Odhisa in Three Different Regions

gold-deposits-found-in-odhisa-in-three-different-regions

Odisha is once again in the spotlight for its deposits of precious minerals & metals, which account for 98% of the country’s chromite resources. And it’s gold this time. 3 Gold deposits have been discovered in three different regions within the state, mines & Steel Minister Prafulla Mallik said the state Assembly on Monday. In […]