Tag: commodities

Copper futures up on rising demand

Copper futures up on rising demand

18/09/2017 17:37

Copper futures were trading higher during the evening trade in the domestic market on Monday amid a firming global trend and pick up in spot demand.

Marketmen attributed the rise in copper futures to a firming trend in base metals in global market as housing data from China showed continued gains for prices. Rising demand from consuming industries at domestic spot markets supported the upside, they said.

At the MCX, copper futures for November 2017 contract was trading at Rs 423.95 per kg, up by 0.92 per cent, after opening at Rs 421.90, against a previous close of Rs 420.10. It touched the intra-day high of Rs 425.20 (at 17:40 hours).

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Lead futures dip on subdued demand

Lead futures dip on subdued demand

14/09/2017 17:01

Lead futures were trading lower during the evening 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 144.45 per kg, down by 1.06 per cent, after opening at Rs 146.40, against a previous close of Rs 146. It touched the intra-day low of Rs 144.20. (at 17:02 hours).

Mentha oil futures down on easing demand

Mentha oil futures down on easing demand

06/09/2017 17:02

Mentha oil futures were trading lower during the evening trade in the domestic market on Wednesday 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 industries at the domestic spot market against sufficient stocks position on higher supplies from producing regions.

At the MCX, mentha oil futures for September 2017 contract was trading at Rs 1179 per kg, down by 0.10 per cent, after opening at Rs 1179, against the previous closing price of Rs 1180.20. It touched the intra-day low of Rs 1167.60. (at 17:05 hours).

Yellow metal climbs on firm global trend

Yellow metal climbs on firm global trend

04/09/2017 13:23

Gold futures were trading in the red in the domestic market on Monday as after speculators raised their bets, tracking a firm global trend.

Analysts attributed the rise in gold prices at the futures trade here to a firm trend overseas where it hit 10-month high on escalating geopolitical tensions after North Korea’s latest nuclear test drove investors towards safe-haven assets.

At the MCX, gold futures for October 2017 contract was at Rs 30214 per 10 grams, up by 1.31 per cent, after opening at Rs 30011 against a previous close of Rs 29823. It touched the intra-day high of Rs 30267 (13:22 hours).

Mentha oil futures down on subdued demand

Mentha oil futures down on subdued demand

24/08/2017 17:08

Mentha oil futures were trading lower during the evening 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 from consuming industries at the domestic spot market against sufficient stocks position on higher supplies from producing regions.

At the MCX, mentha oil futures for August 2017 contract was trading at Rs 1159 per kg, down by 2.03 per cent, after opening at Rs 1179.20, against the previous closing price of Rs 1183. It touched the intra-day low of Rs 1150. (at 17:15 hours).

Gold futures rise on firm global cues

Gold futures rise on firm global cues

23/08/2017 13:38
Gold futures were trading up in the domestic market on Wednesday as speculators took fresh positions on positive cues from global markets.

Analysts said a firm trend in global market influenced the gold prices at the futures trade here.

At the MCX, gold futures for October 2017 contract was at Rs 29127 per 10 grams, up by 0.08 per cent, after opening at Rs 29106 against a previous close of Rs 29105. It touched the intra-day high of Rs 29145 (13:39 hours).

Copper futures down 0.49% on subdued spot demand

Copper futures down 0.49% on subdued spot demand

14/08/2017 12:10

Copper futures were trading lower during the noon trade in the domestic market on Monday amid muted demand in the domestic spot markets and profit-booking by speculators.

Analysts attributed the fall in copper prices at futures trade to a weak demand at the domestic spot markets amid profit-booking at higher levels, led to the decline in copper prices in futures trade.

At the MCX, copper futures for August 2017 contract was trading at Rs 410.25 per kg, down by 0.49 per cent, after opening at Rs 412.00, against a previous close of Rs 412.25. It touched the intra-day low of Rs 410.05 (at 12:10 hours).

Gold up on safe-haven demand

Gold up on safe-haven demand

10/08/2017 17:34

Gold futures were trading in the green in the domestic market on Thursday due to the safe haven demand triggered by the rising tension in the Korean peninsula.

At the MCX, gold futures for October 2017 contract is trading at Rs 29079 per 10 grams, up by 0.81 per cent, after opening at Rs 28900, against a previous close of Rs 28844. It touched the intra-day high of Rs 29084 (at 17:32 hours).

Gold futures falls amid weak trend in overseas markets

Gold futures falls amid weak trend in overseas markets

08/08/2017 13:08

Gold prices fell 0.04 per cent to Rs. 28447 per 10 grams at the futures trade today as participants trimmed their positions, tracking a weak trend overseas.

At the MCX, gold futures for October 2017 contract opened at Rs 28462, against a previous close of Rs 28457. It touched the intra-day low of Rs 28432 (at 13:07 hours).

Yellow metal up on rising demand

Yellow metal up on rising demand

02/08/2017 13:40

Gold futures were trading in the green in the domestic market on Wednesday on account of buying in precious metal by jewellers, retailers and investors.

Analysts said that the gold prices are expected to trade range bound for the day, as downbeat US data weakened the prospect of the Federal Reserve pursuing an aggressive rate hike stance.

At the MCX, gold futures for August 2017 contract is trading at Rs 28430 per 10 grams, up by 0.09 per cent, after opening at Rs 28420, against a previous close of Rs 28404. It touched the intra-day high of Rs 28509 (at 13:38 hours).