Tag: commodities

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).

Copper futures down 0.16% on subdued demand

Copper futures down 0.16% on subdued demand

28/07/2017 16:35

Copper futures were trading lower during the evening trade in the domestic market on Friday as speculators booked profits at prevailing high levels amid low demand at spot markets.

Analysts attributed the fall to offloading of positions by speculators at prevailing higher levels coupled with subdued spot demand.

At the MCX, copper futures for August 2017 contract is trading at Rs 407.35 per kg, down by 0.16 per cent, after opening at Rs 407.05, against a previous close of Rs 408.00. It touched the intra-day low of Rs 403.50 (at 16:40 hours).

Zinc futures up amid rising demand

Zinc futures up amid rising demand

24/07/2017 14:02

Zinc futures were trading higher during the afternoon trade in the domestic market on Monday 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 contract is trading at Rs 178.90 per kg, up by 0.76 per cent, after opening at Rs 178.65, against a previous close of Rs 177.55. It touched the intra-day high of Rs 179.60 (at 14:10 hours).

Zinc futures rise on pickup in demand

Zinc futures rise on pickup in demand

19/07/2017 14:03

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 2017 contract is trading at Rs 179.50 per kg, up by 0.17 per cent, after opening at Rs 178.65, against a previous close of Rs 179.20. It touched the intra-day high of Rs 179.65 (at 14:07 hours).

Crude oil dips 2.78% on rise in US output

Crude oil dips 2.78% on rise in US output

Crude oil futures plunged over 2 per cent during afternoon trade in the domestic market on Friday as investors and speculators exited their positions in the energy commodity as news of a rise in US production added to earlier reports that OPEC output was also on the rise.

The news of surge in production outweighed positive sentiment from falling crude and gasoline inventories in the US.

At the MCX, crude oil futures for July 2017 contract is trading at Rs 2865 per barrel, down by 2.78 per cent, after opening at Rs 2933, against a previous close of Rs 2947. It touched the intra-day low of Rs 2863 (at 14:14 hours).


07/07/2017 14:17

Nickel futures keep head above water

Nickel futures keep head above water

03/07/2017 17:11

Nickel futures were trading higher during evening trade in the domestic market on Monday as investors and speculators extended their bets in the industrial metal on surging demand from alloy-makers at domestic markets.

The prices of metal also rose on global cues as the market fretted about shortages, dwindling stocks and expectations of strong demand from top consumer China.

At the MCX, nickel futures for July 2017 contract is trading at Rs 611.50 per kg, up by 0.74 per cent, after opening at Rs 608.30, against a previous close of Rs 607. It touched the intra-day high of Rs 612.60 (at 17:07 hours).