Liberalising the commodity derivatives market further, the Forward Markets Commission (FMC) has allowed cooperative societies to act as &ldquo;authorised persons&rdquo; and take positions on futures exchanges.

Cooperative societies get FMC nod to trade on commexes

Business Standard

The textile industry is seeking the removal of a prevalent 10 per cent excise duty on the production of synthetic fibre. Industry apex body, the Confederation of Indian Textile Industries (CITI), has also said it would not mind the removal of the existing duty protection on imports if the present excise duty was removed. In fact, resultant competition from imported goods is welcome, according to D K Nair, secretary-general of CITI.

Industry seeks removal of excise duty on synthetic fibre

Lead prices were up by 0.50% to Rs 101.10 per kg in futures trade today, largely in tandem with a firming trend in overseas markets.

Lead trades 0.5% higher on spot demand

Press Trust of India

Buoyed by a firming trend in base metals at the London Metal Exchange (LME), aluminium prices rose by 0.28% to Rs 106.30 per kg in the futures market today.

Aluminium up 0.28% on firm global cues

Cardamom futures prices rose by Rs 10 to Rs 823 per kg today as traders created fresh positions, driven by pick-up in demand in the spot market following ongoing marriage season.

Cardamom strengthens on spot demand

Chana futures prices moved up by Rs 62 to Rs 3,513 per quintal today, as speculators created fresh positions, driven by a rise in spot demand.

Chana up 1.8% on spot demand

Copper traded higher by 0.32% to Rs 408.90 per kg in futures trade today, as speculators created fresh positions on firming global trend.

Copper rises 0.32% on firm global cues

Crude oil prices fell marginally by Rs 10 to Rs 5,203 per barrel in futures trade today, as speculators booked profits at prevailing higher levels even as it extended gains overseas.

Crude oil down 0.19% on profit-booking

Crude palm oil futures prices were up by Rs 1.90 to Rs 547.50 per 10 kg today due to pick-up in spot demand in view of marriage season.

Crude palm oil up on strong spot demand

Gold futures prices today rose by Rs 44 to Rs 28,202 per 10 grams, as speculators enlarged their positions largely in tune with a firming trend overseas amid ongoing marriage season demand.

Gold futures marginally up on global cues

Mentha oil futures edged up by Rs 23.20 to Rs 1,669.10 per kg in futures trading today, as speculators enlarged their positions on the back of pick-up in domestic and export demand.

Mentha oil gains 1.41% on pick-up in demand

Mustardseed futures prices shot up by Rs 109 to Rs 3,700 per quintal today tracking a firm spot markets sentiment.

Mustardseed up on heavy buying

Nickel prices fell by Rs 3 to Rs 977.20 per kg in futures trade today, as speculators reduced their positions due to sluggish spot demand even as metal strengthened at the London Metal Exchange (LME).

Nickel down 0.31% on sluggish spot demand

Pepper futures prices gained Rs 310 to Rs 31,390 per quintal today, as speculators enlarged their positions, tracking a firming trend at spot market against tight supplies.

Pepper up 1% on tight supplies

Amid pick-up in spot demand, supported by the ongoing marriage season, potato prices rose by Rs 2.90 to Rs 786 per quintal in futures trade today on speculators increasing their positions.

Potato gains 0.37% on pick-up in demand

Zinc prices edged up by 0.67% to Rs 98 per kg in futures trade, taking positive cues from overseas markets.

Zinc marginally up in futures trade

Both the precious metals, gold and silver, rebounded today on buying by stockists and jewellers for the ongoing marriage season demand amid firming global trend.

Gold rises by Rs 160, silver rebounds

Jeera futures prices fell by Rs 256 to Rs 14,131 per quintal today on speculators off-loading their positions following increased supplies in the physical market against subdued demand.

Jeera down 1.78% on increased supplies

The price of silver could surge to Rs 1 lakh per kg mark this year in the wake of international economic situation, Bombay Bullion Association (BBA) on Tuesday said.

'Silver price may surge to Rs 1 lakh per kg'

Gold edged down on Wednesday from a 2-1/2-week high as concerns about Greece's ability to implement an unpopular bailout deal balanced out the gains triggered by the actual agreement, and slower factory activity in China contributed to the fall.

World gold holds near 2-1/2-week high

Reuters 

India gold traders stayed on the sidelines on Wednesday as prices extended gains for the fourth session in a row to hit the highest level in nearly three weeks, dealers said.

Gold demand slack as prices hit 3-wk high

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