White metal rises amid positive 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 September 2017 contract were trading at Rs 37900 per kg, up by 0.05 per cent,

India`s edible oil imports to fall for 1st time in six years

MUMBAI - India's edible oil imports are set to fall for the first time in six years as a surge in local oilseed output cuts into overseas purchases, but intake needs to fall further to fortify the health of the market, the head of a leading importer said.

The lower purchases by the world's biggest importer of vegetable oils come amid a 13 percent run-off in in

Zinc futures rise amid pickup in demand

Zinc futures were trading higher during the afternoon trade in the domestic market on Friday as speculators created fresh positions on pick-up in demand from consuming industries at the spot markets. Market analysts attributed the rise in zinc futures to fresh bets created by participants on the back of rising demand at the domestic spot market.

At the MCX, zinc futures for July 2017

Gold demand slumps as prices rise, seasonal consumption slows in India

Gold demand in Asia eroded this week due to higher prices with a seasonal slowdown denting the lure for the precious metal in second-biggest consumer India.

Dealers in India offered discounts for gold, as the absence of key festivals kept demand subdued, especially as the wedding season has passed.

"Every year, demand remains weak in July. There is no major festival thi

Lead futures up amid rising demand

Lead futures were trading higher during the afternoon trade in the domestic market on Friday as participants created fresh positions, taking positive cues from spot market on pick-up in demand. Marketmen said building up of positions by traders backed by upsurge in demand from battery-makers at domestic spot market, supported the upside in lead prices at futures trade.

At the MCX, lea

21/07/2017 12:42:30 PM | Posted in Commodity Top News read full news
Copper futures gain on upbeat demand

Copper futures were trading higher during the noon trade in the domestic market on Friday as traders widened their bets. Analysts said, pick-up in demand from consuming industries in the spot market mainly supported the upside in copper futures.

At the MCX, copper futures for August 2017 contract is trading at Rs 388.50 per kg, up by 0.32 per cent, after opening at Rs 387.45, against

21/07/2017 12:40:56 PM | Posted in Commodity Top News read full news
Mentha oil futures down on weak demand

Mentha oil futures were trading lower during the morning 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 consuming

21/07/2017 11:58:02 AM | Posted in Commodity Top News read full news
Oil steady as Brent crude hovers below $50 ahead of OPEC meeting

SINGAPORE - Oil prices were little changed on Friday ahead of a key meeting of major oil producing nations next week, with Brent sitting below the $50 per barrel level that was briefly breached for the first time in six weeks in the previous session.

International benchmark Brent crude futures were at $49.28 per barrel 0501 GMT, down 2 cents from their last close.

21/07/2017 11:41:09 AM | Posted in Commodity Top News read full news
Cardamom futures rise amid increasing demand

Cardamom futures were trading higher during the morning 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 cardamom p

21/07/2017 11:22:19 AM | Posted in Commodity Top News read full news
Dollar dip puts gold on track for biggest weekly rise in two months

BENGALURU  - Gold was set for its biggest weekly gain in two months on Friday as a surging euro pushed the dollar to its weakest since June 2016, making bullion cheaper for holders of other currencies.

Bond yields also fell after Mario Draghi said on Thursday the European Central Bank was in no rush to scale back its asset purchase programme.

Lower yiel

Paytm aims to sell gold worth $200 million this year

By Nivedita Bhattacharjee and Sankalp Phartiyal

BENGALURU/MUMBAI  - Paytm plans to sell 5 tonnes of gold valued around $200 million this year, the digital payments firm said on Friday, as it strives to develop a viable business from its e-wallet platform.

E-wallets like Paytm, Citrus Pay and MobiKwik, which allow users to transfer money into virtual wal

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 Sept

Aluminium futures surge on rising demand

Aluminium futures were trading higher during the noon trade in the domestic market on Thursday as speculators raised bets, amid rise in demand at the spot market. Analysts said widening of positions by participants due to pick up in demand from consuming industries in the spot market mainly influenced aluminium prices at futures trade.

At the MCX, aluminium futures for July 2017 contr

Zinc futures up on increasing demand

Zinc futures were trading higher during the afternoon trade in the domestic market on Thursday as speculators created fresh positions on pick-up in demand from consuming industries at the spot markets. Market analysts attributed the rise in zinc futures to fresh bets created by participants on the back of rising demand at the domestic spot market.

At the MCX, zinc futures for July 201

Yellow metal edges lower ahead of ECB meeting

Gold is trading in the red in the afternoon trade on Thursday as markets looked to a meeting of the European Central Bank (ECB) later in the day for clues on the outlook for its stimulus programme.

At the MCX, gold futures for August 2017 contract is trading at Rs 28194 per 10 grams, down by 0.20 per cent, after opening at Rs 28217, against a previous close of Rs 28250. It touched the

20/07/2017 12:50:14 PM | Posted in Commodity Top News read full news
Copper futures rise 0.45% on spot demand

Copper futures were trading higher during the noon trade in the domestic market on Thursday as traders widened their bets amid firm global cues. Analysts said, pick-up in demand from consuming industries in the spot market mainly supported the upside in copper futures.

At the MCX, copper futures for August 2017 contract is trading at Rs 388.00 per kg, up by 0.45 per cent, after openin

20/07/2017 12:48:38 PM | Posted in Commodity Top News read full news
Lead futures rise on pickup in demand

Lead futures were trading higher during the afternoon trade in the domestic market on Thursday as participants created fresh positions, taking positive cues from spot market on pick-up in demand. Marketmen said building up of positions by traders backed by upsurge in demand from battery-makers at domestic spot market, supported the upside in lead prices at futures trade.

At the MCX, l

20/07/2017 12:25:27 PM | Posted in Commodity Top News read full news
Oil steady after drop in fuel stocks stokes demand hopes

SINGAPORE  -

Oil prices were steady on Thursday, holding gains made the previous session after falling U.S. crude and oil product inventories lifted the market.

Brent crude futures, the international benchmark for oil prices, stood at $49.72 per barrel at 0939 GMT, 2 cents up from their last settlement.

U.S. West Texas Intermediate (WTI) crude

20/07/2017 12:04:01 PM | Posted in Commodity Top News read full news
Mentha oil futures down on subdued demand

Mentha oil futures were trading lower during the morning trade in the domestic market on Thursday 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 fro

20/07/2017 11:57:59 AM | Posted in Commodity Top News read full news
Cardamom futures up amid pickup in demand

Cardamom futures were trading higher during the morning 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 cardamom

20/07/2017 11:35:53 AM | Posted in Commodity Top News read full news
Gold inches down ahead of ECB meeting

BENGALURU -

 Gold prices edged lower on Thursday, with the dollar steady as markets looked to a meeting of the European Central Bank later in the day for clues on the outlook for its stimulus programme.

The ECB is expected to lay the groundwork for an autumn policy shift when it meets, emphasising improved growth while tempering expectations after previ

Yellow metal trading in red on profit booking

Gold is trading in red in early trade on Wednesday on account of profit booking amid tepid demand of precious metals by jewellers, investors and retailers. At the MCX, gold futures for August 2017 contract is trading at Rs 28204 per 10 grams, down by 0.17 per cent, after opening at Rs 28255, against a previous close of Rs 28253. It touched the intra-day high of Rs 28255 (at 12:30 hours).

Aluminium futures up on rising demand

Aluminium futures were trading higher during the noon trade in the domestic market on Wednesday as speculators raised bets, driven by rise in demand at the spot market. Analysts said widening of positions by participants due to pick up in demand from consuming industries in the spot market mainly influenced aluminium prices at futures trade.

At the MCX, aluminium futures for July 2017

Zinc futures rise on pickup in demand

Zinc futures were trading higher during the afternoon trade in the domestic market on Wednesday as speculators created fresh positions on pick-up in demand from consuming industries at the spot markets. Market analysts attributed the rise in zinc futures to fresh bets created by participants on the back of rising demand at the domestic spot market.

At the MCX, zinc futures for July 20

Lead futures up on pickup in demand

Lead futures were trading higher during the afternoon trade in the domestic market on Wednesday as participants created fresh positions, taking positive cues from spot market on pick-up in demand. Marketmen said building up of positions by traders backed by upsurge in demand from battery-makers at domestic spot market, supported the upside in lead prices at futures trade.

At the MCX,