Nickel futures climb 1.86% as demand picks up

Nickel futures jumped over 1 per cent during evening trade in the domestic market on Friday as investors and speculators extended their positions in the industrial metal on rise in demand after recent price fall. However, according to Reuters poll, pace of expansion in China's manufacturing sector likely to be slowed down this month as factory-gate price-growth slowed and authorities moved

Zinc futures surge 1.32% on uptick in demand

Zinc futures rose over 1 per cent during evening trade in the domestic market on Friday as investors and speculators extended their positions in the industrial metal on rise in demand after recent price fall. However, according to Reuters poll, pace of expansion in China's manufacturing sector likely to be slowed down this month as factory-gate price-growth slowed and authorities moved to t

White metal shines on Akshaya Tritiya

Silver futures were trading higher during evening trade in the domestic market on Friday as investors and speculators extended their positions in the precious metal tracking a better trend at the spot markets on token by retailers on the auspicious occasion of Akshaya Tritiya. Silver futures rise was mostly supported by token purchases by retailers at spot markets mainly on account of Akshaya T

Copper futures up 0.11% on spot demand

Copper futures were trading higher during evening trade in the domestic market on Friday as investors and speculators extended their positions in the industrial metal after recent price fall. However, caution prevailed as broader industry sentiment pointed to a weaker outlook, restricted further rise in copper prices. At the MCX, copper futures for April 2017 contract is trading at Rs 365.75 pe

Indian gold demand seen higher ahead of key festival

MUMBAI/BENGALURU  - Demand for gold in India was seen higher ahead of an auspicious day for gold purchases on Friday compared to last year, with lower prices also acting as a catalyst.

"Sentiment is very good in the market. Jewellers are reporting higher footfalls," Somasundaram PR, head of the India unit of the World Gold Council, told Reuters, adding

Gold glitters on Akshaya Tritiyap

Gold futures were trading higher during afternoon trade in the domestic market on Friday as investors and speculators extended their positions in the precious metal tracking a better trend at the spot markets on token by retailers on the auspicious occasion of Akshaya Tritiya.

Gold futures rise was mostly supported by token purchases by retailers at spot markets mainly on account of A

Crude oil rises 1.08% on potential OPEC cut extension

Crude oil futures rose over 1 per cent during afternoon trade in the domestic market on Friday as investors and speculators extended their positions in the energy commodity on potential OPEC cut extension. Analysts said that oil rises on the back of OPEC saying it was keen to find a deal that would ensure a drawdown of excess fuel supplies.

At the MCX, crude oil futures for May 2017 c

Saudi minister: Important to try to agree on oil cuts deal extension

ASTANA  - Saudi Energy Minister Khalid al-Falih said on Friday that it was important to try and agree on an extension of a global oil cuts deal into the second half of the year.

The Organization of the Petroleum Exporting Countries, along with Russia and other non-OPEC producers, pledged to cut output by 1.8 million barrels per day (bpd) in the first half of 2017

Uptick in demand buoys Lead futures

Lead futures were trading higher during morning trade in the domestic market on Friday as investors and speculators widened their bets in the industrial metal on uptick in physical demand for lead, from battery-makers, in the domestic spot market.

Further, a surge in physical demand from battery-makers in the domestic spot market, supported prices of lead at futures trade. At the MCX,

28/04/2017 11:33:43 AM | Posted in Commodity Top News read full news
Aluminium futures keep head above water

Aluminium futures were trading higher during morning trade in the domestic market on Friday as investors and speculators build up fresh bets in the industrial metal amid uptick in physical demand for aluminium at the domestic spot market.

Further, a rise in physical demand for aluminium at the domestic spot market was led by widening of positions by traders in the spot markets, suppor

28/04/2017 11:31:58 AM | Posted in Commodity Top News read full news
Mentha oil futures little changed on ease in demand

Mentha oil futures were little changed during morning trade in the domestic market on Friday as investors and speculators exited their positions in the agri-commodity amid muted physical demand for mentha oil from major consuming industries in the domestic spot market.

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

28/04/2017 11:30:05 AM | Posted in Commodity Top News read full news
Cardamom futures little changed as demand picks up

Cardamom futures were little changed during morning trade in the domestic market on Friday as investors and speculators indulged in building up fresh bets in the agri-commodity amid increase in physical demand for cardamom in the domestic spot market.

Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, supported the upwardtrend in

28/04/2017 11:28:48 AM | Posted in Commodity Top News read full news
Oil rises on potential OPEC cut extension, but still faces second weekly loss

SINGAPORE - Oil prices rose on Friday but were still on track for a second straight weekly loss on concerns that an OPEC-led production cut has failed to significantly tighten an oversupplied market.

U.S. West Texas Intermediate (WTI) crude was at $49.43 per barrel at 0649 GMT, up 46 cents, or 0.94 percent, from their last close. However, WTI is still set for a small

Gold set for worst week in seven as investors opt for riskier assets

BENGALURU  - Gold was little changed on Friday and poised for the biggest weekly fall in seven weeks as investors sought out higher returns than those from holding the non-interest bearing yellow metal by buying into riskier assets .

Spot gold was up 0.1 percent at $1,264.81 per ounce, as of 0312 GMT, while U.S. gold futures were steady at $1,266.30.

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OPEC Sec-Gen says need to see oil stocks fall closer to 5-year average

PARIS  - OPEC Secretary General Mohammad Barkindo said on Thursday that global oil inventory overhang was declining but oil stocks still need to fall closer to the five-year industry average.

The Organization of the Petroleum Exporting Countries and non-OPEC meet on May 25 to discuss extending the curbs that total 1.8 million barrels daily, two-thirds of that fro

Rice prices rise in India on stronger rupee; stable in Thailand, Vietnam

MUMBAI/BANGKOK/HANOI - Rice prices in India rose on a stronger rupee, while markets in Thailand and Vietnam remained quiet, traders said on Thursday.

In India, the world's biggest rice exporter, prices for 5-percent broken parboiled rice rose by $3 to $387-$392 a tonne this week on an appreciation in the rupee and a rise in paddy prices in the local market.

OPEC output cuts whet Asia's appetite for North Sea oil

LONDON/SINGAPORE  - OPEC production cuts have created record Asian demand for European oil and made China the second biggest consumer of North Sea crude as flows from its usual Middle East suppliers dip.

Rising Asian appetite for North Sea crude has largely been fuelled by the falling premium charged for North Sea crude over rival Middle East oil and this demand

White metal shines on doubts over Trump tax reform

Silver futures were trading higher during evening trade in the domestic market on Thursday as investors and speculators extended their positions in the precious metal as investors attracted towards safe-haven assets after a long-awaited US tax plan failed to inspire investors.

Meanwhile, traders keenly eyed the central bank meetings in Europe and Japan. At the MCX, silver futures for

Copper futures drop 0.37% on profit-booking

Copper futures were trading lower during afternoon trade in the domestic market on Thursday as investors and speculators exited their positions in the industrial metal to book profits.

Further, copper futures slide as participants indulged in profit booking amid muted demand at the domestic spot markets. At the MCX, copper futures for April 2017 contract is trading at Rs 365.45 per kg

Yellow metal loses shine on doubts over Trump tax reform

Gold futures were trading higher during afternoon trade in the domestic market on Thursday as investors and speculators extended their positions in the precious metal as investors attracted towards safe-haven assets after a long-awaited US tax plan failed to inspire investors. Meanwhile, traders keenly eyed the central bank meetings in Europe and Japan.

At the MCX, gold futures for Ju

Gems and jewellery exports surge by 12.32% in 2016-17

The gems and jewellery exports grew by 12.32 per cent to Rs 2,89,194.30 crore during 2016-17, compared to the previous year, as the markets in the US, Hong Kong and the Middle East picked up.

The total exports stood at Rs 2,57,463.66 crore during 2015-16, as per the data provided by the Gems and Jewellery Export Promotion Council (GJEPC). The export of cut and polished diamonds went u

Crude oil futures in reverse gear on oversupply concerns

Crude oil futures were trading lower during afternoon trade in the domestic market on Thursday as investors and speculators exited their positions in the energy commodity on lingering oversupply worries in global markets.

Further, traders lost confidence due to record supplies in the global market, and because of pledged output cuts by the Organization of the Petroleum Exporting Count

Diminishing demand drags down lead futures by 0.43%

Lead futures were trading lower during morning trade in the domestic market on Thursday as investors and speculators trimmed their bets in the industrial metal on sluggish physical demand for lead, from battery-makers, in the domestic spot market.

Further, a fall in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade. At the MCX,

27/04/2017 11:19:15 AM | Posted in Commodity Top News read full news
Mentha oil futures slip on subdued physical demand

Mentha oil futures were trading lower during morning trade in the domestic market on Thursday as investors and speculators exited their positions in the agri-commodity amid sluggish physical demand for mentha oil from major consuming industries in the domestic spot market.

Further, trimming of positions by traders in the spot market was due to a fall in physical demand for mentha oil

27/04/2017 11:17:55 AM | Posted in Commodity Top News read full news
Sluggish demand drags down aluminium futures by 0.28%

Aluminium futures were trading lower during morning trade in the domestic market on Thursday as investors and speculators remained on the sidelines in the industrial metal amid muted physical demand for aluminium at the domestic spot market.

Further, a fall in physical demand for aluminium at the domestic spot market was due to trimming of positions by traders in the spot markets, inf

27/04/2017 11:16:08 AM | Posted in Commodity Top News read full news