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India's jewellery demand is expected to recover from mid-August with the beginning of the festival and wedding season, the World Gold Council said. High prices and seasonal weakness had dampened jewellery purchases, and consumers preferred investment-led purchases of gold bars, coins, and chains as quasi-investments due to lower fabrication costs. Read more
Farmers in Telangana have sown kharif crops across 6.11 million acres (1 acre = 0.4 hectares) as of Wednesday, down slightly by 1% from 6.16 million acres sown in the same period last year, according to a report released by the state agriculture department. Paddy acreage in the state rose sharply, by 58% on year, to 778,294 acres, the report showed. Read more
Tepid consumer confidence and consolidation in gold prices may continue to weigh on gold jewellery demand in China, Ray Jia, research head (China) at World Gold Council, said in a report. However, Jia expects investment demand for the precious metal to be healthy in China in the coming months. Read more
State-owned oil companies procured 6.37 billion litres of ethanol in the eight months from November, according to the Petroleum Planning & Analysis Cell. During Nov-Jun, the companies achieved 18.9% cumulative ethanol blending with petrol. In June, the companies procured 875 million litres of ethanol and achieved 19.9% blending with petrol, the data showed. Read more
The Securities and Exchange Board of India has proposed a new valuation method for gold and silver exchange-traded funds in a consultation paper. The proposed change aims to bring uniformity in the valuation process for gold and silver throughout the mutual fund industry. Read more
The Food Corp. of India lost 23,000 tonnes of foodgrain worth INR 759 million in transit during the first quarter of 2025-26 (Apr–Mar), the government constituted body's data shows. This accounts for 0.18% of the 12.8 million tonnes of foodgrain transported across the country, largely from surplus to deficit regions. Read more
The Union Cabinet Wednesday approved an outlay of INR 240.00 billion per annum for the Prime Minister Dhan-Dhaanya Krishi Yojana to enhance agricultural productivity in 100 districts. The scheme converges 36 existing schemes across 11 departments and will run for six years starting in the current financial year. The scheme gives effect to an announcement made in the Budget for 2025-26 (Apr-Mar). Read more
Water level in key reservoirs across the country was up a whopping 96% at 94.513 billion cubic metres in the week ended Thursday due to very heavy rainfall across the country, according to data from the Central Water Commission. The water levels rose over 20% from the previous week's level of 78.381 billion cubic metres, the data showed. Read more
The Organization of the Petroleum Exporting Countries expects global crude oil demand to grow by 1.30 million barrels per day in 2025, unchanged from its previous projection. The global oil demand in 2026 is expected to increase by 1.30 million barrels per day from 2025, also unchanged from the previous month forecast, OPEC said in its July Oil Market Report. Read more
