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Sluggish demand drags down Copper futures
Published on Thursday, February 11, 2016 5:40 PM

Copper prices fell by 0.31 per cent on Thursday as traders engaged in reducing their positions, tracking a weak trend at spot market on low demand even as the metal strengthened overseas. At the MCX, copper futures for February 2016 contract were trading at Rs.303.20 per 1 kg, down by 0.31 per cent, after opening at Rs. 302.20 against the previous closing price of Rs. 304.15. It touched the ...

Sluggish demand drags down Copper futures
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Zinc gains as demand picks up
Published on Thursday, February 11, 2016 5:36 PM

Zinc futures rose by 0.65 per cent to Rs 116.70 per kg today as speculators increased positions in the midst of a strong trend globally. Besides, high demand in domestic spot markets fueled the uptrend. Zinc futures for February 2016 contract, at MCX, were trading at Rs 116.70 per kg, up by 0.65 per cent after opening at Rs. 115.95 against the previous closing price of Rs. 115.95. It touched ...

Zinc gains as demand picks up
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Gold rises to near 2-year high on global cues, weaker rupee
Published on Thursday, February 11, 2016 5:39 PM

MUMBAI - Indian gold futures surged more than 3 percent on Thursday to their highest level in nearly two years, tracking gains in the overseas market and the rupee's depreciation.

At 1114 GMT, the most active April contract was trading up 3.3 percent at 29,251 rupees (about $428) per 10 grams, after rising to 29,290 rupees earlier, the highest level sinc ...

Gold rises to near 2-year high on global cues, weaker rupee
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Decline in stockpiles lift Lead futures
Published on Thursday, February 11, 2016 4:42 PM

Lead prices rose by 0.77 per cent on Thursday at the domestic markets due to the decline in the lead stockpiles at the London Metal Exchange (LME) on account of the strong demand for the commodity. LME lead stocks fell by 875 metric tonnes to 182650 metric tonnes as on February 11, 2016.

At the MCX, Lead futures, for the February 2016 contract, is trading at Rs 123.80 per kg, up b ...

Decline in stockpiles lift Lead futures
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Oil falls on U.S. supply record, weak demand outlook
Published on Thursday, February 11, 2016 5:26 PM

By Simon Falush

LONDON - Oil slid on Thursday, dented by record U.S. crude inventories at the Cushing delivery point, worries about the demand outlook, and as Goldman Sachs said prices would remain low and volatile until the second half of the year.

In a sign that producers are still competing for market share by lowering prices, Iran offere ...

Oil falls on U.S. supply record, weak demand outlook
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Mentha oil gains 0.60 pct on restricted stocks
Published on Thursday, February 11, 2016 2:50 PM

Mentha oil prices rose by 0.60 per cent on Thursday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. At MCX, Mentha oil futures for February 2016 contract, at MCX, were trading at Rs. 904.90 per kg, up by 0.60 per cent after opening at Rs. 899.20 against the previous closing price of Rs. 899.50. It touc ...

Mentha oil gains 0.60 pct on restricted stocks
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Gold gains 1.30 pct after Fed chief views
Published on Thursday, February 11, 2016 1:15 PM

Gold prices rose by 1.30 per cent on Thursday on the testimony by the Fed chief that the pace of interest rate hikes would be gradual in otherwise holiday-thinned trade with markets in Japan and China shut. Federal Reserve chair Janet Yellen reiterated that current conditions in the US economy are likely to warrant gradual interest rate hikes by the US central bank in the near-term future. ...

Gold gains 1.30 pct after Fed chief views
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Crude oil drops in holiday-thinned Asian trade
Published on Thursday, February 11, 2016 1:06 PM

Crude oil prices fell by 2.69 per cent on Thursday in holiday -thinned trade with the key markets of Japan and China shut. Investors reacted to an unexpected draw in US crude inventories last week and continued speculation that a host of major global producers could cut output in order to stem the prolonged downturn in oil prices worldwide. At the MCX, crude oil futures for February 2016 con ...

Crude oil drops in holiday-thinned Asian trade
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Coriander gains 1.01 pct on surging demand
Published on Thursday, February 11, 2016 1:01 PM

Coriander prices rose by 1.01 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the limited stocks on account of restricted arrivals from the major growing belts. At the NCDEX, coriander futures for April 2016 contract was trading at Rs. 6,812 per quintal, up by 1.01 per cent after opening at Rs. 6,946 against the previous closing price ...

Coriander gains 1.01 pct on surging demand
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