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

We expect gold prices to trade lower - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices declined by 0.4 percent to close at $1263.7 per ounce from a five-month high in mid-April, giving up gains that came after U.S. President Donald Trump announced unfunded tax cuts, while comments from European Central Bank President Mario Draghi weakened the euro.

28/04/2017 11:46:24 AM | Posted in Commodities Reports read full news
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
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.

Go

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

MCX up over 2% as SEBI allows options trading in commodity derivatives

Shares of Multi Commodity Exchange of India (MCX) rose over 2 per cent on the Bombay Stock Exchange after capital market regulator Securities and Exchange Board of India (SEBI) allowed options trading in commodity derivatives to boost liquidity.

Buoyed by the development, shares of company gained as much as 2.58 per cent to hit intra-day high of Rs 1,250.00 apiece on the Bombay Stock

Gold prices are expected to trade higher - Angel Commodities

Bullion

Gold

On Thursday, spot gold prices rose by 0.42 percent to close at $1268.7 per ounce buoyed by short-covering on Wednesday as U.S. Treasury yields turned lower and the dollar pared gains after President Donald Trump proposed slashing the U.S. tax rate on corporate profits.

Trump proposed c

27/04/2017 11:28:54 AM | Posted in Commodities Reports read full news
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
Muted physical demand bites cardamom

Cardamom 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 fall in physical demand for cardamom in the domestic spot market.

Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, influenced the downward trend in the domestic card

27/04/2017 11:08:06 AM | Posted in Commodity Top News read full news
White metal loses shine on improved risk appetite

Silver futures were trading lower during afternoon trade in the domestic market on Wednesday as investors and speculators exited their positions in the precious metal as safe-haven demand dried up on emergence of risk appetite among investors and boosting equities, amid optimism on possibility of US corporate tax rate cut to 15 per cent from 35 per cent that will boost company earnings.