Page 2351 - Commodity News
Gold down on global cues
Offloaded positions also dragged prices
Silver down on reduced offtake, global cues
However, weakness in rupee restricted the losses to some extent
Jewellers opting to take gold on lease
Change in strategy to reduce cost, as prices and cost of funds increase, with lease charges being much cheaper than purchase
Brent stays above $93 as investors eye EU summit outcome
EU leaders will start a two-day meeting in Brussels today
Gold inches up ahead of European Union summit
MARKETS-GOLD:Gold inches up ahead of European Union summit
Copper up 0.36% on global cues
Pick-up in domestic demand adds to positive sentiment
Crude oil futures up on Asian cues
July, August contracts both gain more than quarter per cent on fresh positions by speculators
Cardamom sheds 1% on profit-booking
Increased arrivals, subdued spot demand add to pressure on futures prices
Copper up 0.36% on global cues
Encouraging US economic data pulled prices higher
Crude oil up on Asian cues
Fresh positions taken by speculators also pushed prices higher
Cardamom losses 1.10% on profit-booking
Weak trend at the spot markets also dragged prices
Indian gold imports could pick up in July-Dec
Volumes are likely to stay flat in 2013 as the impact of a doubled import duty continues
Nickel rise on global cues, spot demand
Encouraging US economic data pulled prices higher
Aluminium up 0.33% on global cues
Pick up in spot demand also pulled prices higher
Chana rises on concerns of fall in production
Domestic demand kept prices higher
Potato remains weak on subdued demand, supply pressure
Potato down over 1.5% in futures trade
Zinc up on overseas trend, spot demand
Zinc up nearly 1%
USDA pegs global coffee output at record 148 mn bags in FY13
United States Department of Agriculture pegged India's coffee production at 5.1 million bags