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India Business News: Silver prices are surging to all-time highs on industrial demand and increasing US Fed rate cut likelihood. In the span of just one month, silver pric
Basmati Rice Export: Basmati rice is another agri-commodity which Iran imports from India. In FY24, India exported one million kg of basmati rice to Iran, out of its total exports of 4.9 million kg.
A month ago, diamond prices had plunged by 35% due to excess supply amid weaker exports to the US which is facing recessionary pressures. Dinesh Lakhani, director (global business) of Kiran Gems, the largest diamond manufacturer in India, said, "The inventory has almost been liquidated. The supply-demand position has improved which has pushed up polished prices. The sales of diamonds in the US, though slow, is still moving."