July, August contracts gain 0.2% on fresh positions by speculators
August contract gains 0.66%, July up 0.2%, as lower arrivals from growing areas add to uptrend
Restricted arrivals from producing regions further fuel the uptrend
There is no major event to boost gold buying
Spot demand also took prices higher
Rise in arrivals also supported prices
With sowing getting started, scheme prepared with ICAR for 285 of the 640 districts, to maintain crop yield in adverse weather
Brent is supported by the escalation of the labour dispute in Norway, but the focus remains on demand
August delivery traded lower by 20 paise to Rs 105 per kg
The August delivery lost Rs 26.60 to Rs 1,219 per kg
Worries over the global economy were rekindled following interest rate cuts by central banks in Europe and China
Poor rains in key growing areas is the main reason
Nickel traded a shade lower at $16,690 a tonne on London Metal Exchange
The July delivery traded marginally up by Rs 1.60 to Rs 574.80 per 10 kg
Weak monsoon rains also aided sentiment to some extent
Slow progress of monsoon rains in growing areas also supported upswing in pepper futures