White metal up amid robust global cues

Silver futures were trading higher during the afternoon trade in the domestic market on Friday taking positive cues from the global market. Market analysts said a firm trend in precious metals in global market mainly attributed to the rise in silver prices at the futures trade.

At the MCX, silver futures for December 2017 contract was trading at Rs 39,851 per kg, up by 0.05 per cent,

OPEC says winning battle to curb oil glut

By Vladimir Soldatkin and Ahmad Ghaddar

VIENNA  - Output cuts by OPEC and other oil producers are clearing a supply glut that has weighed on crude prices for three years, ministers said at a meeting on Friday to review the pact that expires in March 2018.

The Organization of the Petroleum Exporting Countries, Russia and several other producers have cut

Gold transactions should be more transparent: Government

The government is keen to make the gold market transactions more transparent, Manoj Kumar Dwivedi, joint secretary, Ministry of Commerce and Industry said here on Friday.

"The government's objective is to make the gold industry transparent throughout the value chain. We still need to do a lot to reach that benchmark of transparency," Dwivedi said while addressing at the

Nickel futures dip on subdued demand

Nickel futures were trading lower during the evening trade in the domestic market on Friday tracking a weak trend in base metals at the London Metal Exchange (LME) amid muted demand at the domestic spot markets.

Market analysts said the fall in nickel prices was mostly in tune with a weak trend in the base metals pack at the LME. Besides, muted demand from alloy-makers at the domestic

Gold futures climb on global cues

Gold futures were up in the noon trade in the domestic market on Friday as speculators created positions amid positive cues from the global market. According to analysts, a firming trend overseas where gold rebounded from a four-week low as the latest twist in tensions between the US and North Korea prompted investors to seek out the safe-haven asset, influenced the precious metal in futures tr

Zinc futures dip on subdued demand

Zinc futures were trading lower during the afternoon trade in the domestic market on Friday as speculators trimmed positions amid easing demand in the spot market. Analysts said offloading of positions by participants on the back of tepid demand in the spot markets, mainly led to decline in zinc prices at futures trade.

At the MCX, zinc futures for September 2017 contract was trading

Lead futures dip on sluggish demand

Lead futures were trading lower during the afternoon trade in the domestic market on Friday as participants reduced their exposure amid subdued demand from consuming industries in the spot market. Marketmen said the weakness in lead futures was due to a sluggish demand from battery-makers at the domestic markets.

At the MCX, lead futures for September 2017 contract is trading at Rs 15

Copper futures dip amid soft demand

Copper futures were trading lower during the evening trade in the domestic market on Friday as speculators trimmed positions, tracking a weak trend overseas and muted spot demand.

Analysts attributed the fall in copper futures to weak trend at the London Metal Exchange (LME) where copper and other base metals weakened.

At the MCX, copper futures for November 2017 contract wa

Mentha oil futures dip on subdued demand

Mentha oil futures were trading lower during the evening trade in the domestic market on Friday as investors and speculators cut down their positions in the agri-commodity amid muted physical demand for mentha oil from major consuming industries in the domestic spot market.

Further, exiting of bets by traders in the spot market was due to a fall in physical demand for mentha oil from

Cardamom futures up on rising demand

Cardamom futures were trading higher during the evening trade in the domestic market on Friday as investors and speculators extended their positions in the agri-commodity amid rise in physical demand for cardamom in the domestic spot market.

Further, insufficient supplies on higher physical arrivals from the major cardamom producing regions, supported the upward trend in the domestic

Oil prices steady as OPEC ministers discuss supply cut pact

By Fanny Potkin

LONDON  - Oil prices were steady on Friday, as investors waited to see whether major producers meeting in Vienna would back an extension to output cuts beyond March next year.

Brent crude futures were up 4 cents at $56.47 a barrel at 1100 GMT.

U.S. West Texas Intermediate (WTI) crude futures were down 2 cents, at $50.53 per bar

Stormy weather exposes shortcomings of world`s oil refineries

BRUSSELS/LONDON - Hurricane Harvey's crippling impact on U.S. oil refinery operations this month and the challenge buyers faced in filling the gap in gasoline supplies has exposed a shortage of spare refining capacity around the globe.

Nearly a quarter of U.S. refining capacity was knocked out by the storm this month, driving U.S. gasoline prices to two-year highs

Gold price dip fails to lift demand; India`s new rule dulls lustre

By Rajendra Jadhav and Arpan Varghese

MUMBAI/BENGALURU  - Physical gold demand remained soft across Asia this week despite a downwards price correction as consumers awaited further dips in rates, while a government move to bring transparency to bullion trading kept buyers on the sidelines in India.

India brought the bullion industry under the Prevention

Oil settles flat as unease builds ahead of OPEC meeting

NEW YORK - Oil prices settled nearly flat on Thursday, the eve of a meeting of major oil-producing countries in Vienna to discuss whether they will extend production limits that have helped reduce the global crude glut.

Ministers from the Organisation of the Petroleum Exporting Countries, Russia and other producers meet on Friday. They will discuss a possible extensio

White metal dips on feeble global cues

Silver futures were trading lower during the afternoon trade in the domestic market on Thursday as participants engaged in trimming their positions taking weak cues from global market. Marketmen attributed the fall in silver prices at futures trade to a weak trend in the precious metals overseas and profit-booking by participants at existing levels.

At the MCX, silver futures for Dece

Nickel futures dip on subdued demand

Nickel futures were trading lower during the evening trade in the domestic market on Thursday as investors and speculators exited their bets in the industrial metal on the back of ease in demand.

At the MCX, nickel futures for September 2017 contract is trading at Rs 706.90 per kg, down by 3.07 per cent, after opening at Rs 721, against a previous close of Rs 729.30. It touched the in

Aluminium futures dip on sluggish demand

Aluminium futures were trading lower during the noon trade in the domestic market on Thursday as speculators engaged in reducing their exposure amid subdued demand from consuming industries in the spot market.

Analysts said that tepid demand from consuming industries in the physical market mainly kept aluminium prices lower at futures trade.

At the MCX, aluminium futures for

Zinc futures dip on easing demand

Zinc futures were trading lower during the afternoon trade in the domestic market on Thursday as speculators trimmed positions amid easing demand in the spot market. Analysts said offloading of positions by participants on the back of tepid demand in the spot markets, mainly led to decline in zinc prices at futures trade.

At the MCX, zinc futures for September 2017 contract was tradin

Copper futures slide 1% on muted demand, global cues

Copper futures were trading lower during the noon trade in the domestic market on Thursday as speculators offloaded their positions amid sluggish demand at the domestic spot markets and weak global cues. Analysts attributed the fall in copper futures to weak trends at the domestic markets owing to slackened demand from consuming industries coupled with a weak trend at the London Metal Exchange

Lead futures dip on subdued demand

Lead futures were trading lower during the afternoon trade in the domestic market on Thursday as participants reduced their exposure amid subdued demand from consuming industries in the spot market. Marketmen said the weakness in lead futures was due to a sluggish demand from battery-makers at the domestic markets.

At the MCX, lead futures for September 2017 contract is trading at Rs

Cardamom futures up on pickup in demand

Cardamom futures were trading lower during the evening trade in the domestic market on Thursday as investors and speculators extended their positions in the agri-commodity amid rise in physical demand for cardamom in the domestic spot market.

Further, insufficient supplies on higher physical arrivals from the major cardamom producing regions, supported the upward trend in the domestic

Mentha oil futures up rising spot demand

Mentha oil futures were trading higher during the morning trade in the domestic market on Thursday amid pick-up in demand at domestic spot market and restricted supplies from producing regions.

Market analysts said fresh positions built up by traders following pick-up in demand from consuming industries in the spot market against restricted supplies from Chandausi, led to the rise in

Oil-patch IOU: Argentina`s late subsidy payments hurt gas producers

By Luc Cohen

BUENOS AIRES  - Argentina is behind on at least $700 million in promised subsidy payments to natural gas producers, hurting oil companies at a time when the government is trying to woo more investment in the nation's energy sector.

The incentives have cost cash-strapped Argentina more than $7 billion since they were implemented in 2013

Gold slips to near four-week low as Fed flags December rate hike

By Jan Harvey

LONDON  - Gold fell to its lowest in nearly four weeks on Thursday as the Federal Reserve signalled it was on track to raise U.S. interest rates again in December, driving the dollar to two-month highs versus the yen.

The metal is highly sensitive to rising U.S. interest rates, which boost the cost of holding non-yielding bullion relative to other assets,

Oil prices slip ahead of key OPEC meeting

By Christopher Johnson

LONDON  - Oil prices slipped on Thursday, giving up some recent gains before a meeting of oil producers that could extend production limits aimed at clearing a glut in supplies that has depressed the market for more than three years.

Ministers from the Organization of the Petroleum Exporting Countries, Russia and other producers m