Topic
price drop
Commodities Raw Jute Prices in West Bengal Crash Nearly 50% Since July, Industry Questions Quotations
Raw jute prices in West Bengal crashed nearly 50% between July 9 and August 1, according to JBA price bulletins, with TD-5 grade sliding from ₹18,300 to ₹9,100 per quintal. The Indian Jute Mills Association has questioned the authenticity of the daily market quotations, which serve as the reference for fixing the monthly fair price of government jute gunny bags.
Commodities Oil Prices Tumble 5% on US-Iran Pause, Fueling Hopes of Diplomatic Breakthrough
Oil prices fell sharply on Monday after the US and Iran paused hostilities over the weekend, sparking hopes of a diplomatic solution. Brent crude dropped 4.52% to $92.41 a barrel, while WTI fell 4.81% to $85.01. The retreat follows three weeks of gains, though shipping through the Strait of Hormuz remains subdued.
Commodities Benchmark Diesel Price Falls Below $5 Per Gallon for First Time Since March 9
The DOE/EIA weekly average retail diesel price fell to $4.832 per gallon, the first sub-$5 reading since March 9, marking a seventh consecutive decline totaling 80.8 cents/g. ULSD futures on the CME dropped to $3.0530/g, while Bank of America Merrill Lynch slashed its Brent crude forecast to $82/b, citing potential deficits until Q4 2026.
Commodities Silver futures tumble over 3% to ₹2.42 lakh/kg as Fed signals keep pressure on bullion
Silver futures on the Multi Commodity Exchange plunged ₹8,817 to ₹2,42,990 per kg on Thursday, tracking weak global trends after the US Federal Reserve's hawkish policy signals strengthened the dollar and dampened investor appetite for precious metals. Comex silver for July delivery fell $2.36 (3.34%) to $68.40 per ounce. Analysts attributed the decline to prospects of higher-for-longer interest rates, which tend to weigh on bullion by boosting bond yields and the dollar.
Technology Anycubic Photon Mono M7 Pro 3D Printer Drops to $480 Ahead of Amazon Prime Day
The Anycubic Photon Mono M7 Pro 14K resin 3D printer is now available on Amazon for $479.99, down from $669.99, ahead of Prime Day. TechRadar's expert awarded it 4.5 stars and a Highly Recommend badge, citing outstanding print quality, fast 170mm/h speed, and automated resin management.
E-Commerce & Marketplaces AirPods Pro 3 Price Drops to $179 at Walmart
Apple's AirPods Pro 3 have reached a new record-low price of $179 at Walmart, down from $249. This price cut comes ahead of Prime Day, offering significant savings on these premium noise-cancelling earbuds.
Commodities Gold and Silver Prices Plunge Amid Oil Rally and Strong Dollar
Gold prices fell by ₹4,300 to ₹1.56 lakh per 10 grams, and silver dropped by ₹10,000 to ₹2.45 lakh per kg in India. The decline is attributed to a surge in oil prices and a stronger US dollar, impacting bullion demand.
Commodities Gold Prices Plummet Below $4,300/oz Amid Inflation Concerns
Gold prices have fallen below $4,300 an ounce, marking a significant decline from earlier highs this year. The drop is attributed to rising inflation concerns and geopolitical tensions, particularly the ongoing Iran war.