Firm trend in base metals overseas restricts losess
Dealers eye monsoon data for cues, due for release later
Subdued demand, release of additional quota influence prices
Gold demand fell to its lowest level in more than two years in the second quarter
Gold imports declined on high average price, falling demand despite weak economic scenario
WGC forecasts further fall in second half, says govt curbs, more scrap recycling major factors demand slides 38%
Fresh positions led to price rise in the domestic market
Sluggish demand in the spot market also pushed prices higher
The October contract gained Rs 6, or 0.42%, to Rs 1,426 per quintal, with an open interest of 8,550 lots
The August contract traded marginally higher by 40 paise, or 0.07%
The 3-month contrct was up 0.4% to $7,475 a tonne on the London Metal Exchange
Tight supplies in the market also took prices higher
Gold's fate largely hinges on central bank attitudes towards further monetary easing
Nickel advanced 0.3% to $15,565 a tonne on the London Metal Exchange
Exchanges seek approval relaunch may be possible with the onset of harvesting season
The move aims to make high-speed technological trade transparent and exchanges accountable