Page 449 - Commodity News
Lead falls by 1.7% on weak global cues
Participants trimmed positions amid a weak trend overseas and sluggish domestic demand
 "Lead falls by 1.7% on weak global cues")
Copper falls by 1.7% on global cues
Speculators trimmed their exposure amid a weak trend overseas and low demand at spot markets
 "Copper falls by 1.7% on global cues")
Gold struggles near 6-year low on impending US rate hike
Gold prices were hurt by a robust dollar and upbeat comments by Federal Reserve officials regarding a US rate hike next month
 "Gold struggles near 6-year low on impending US rate hike")
 "Commodity picks")
 "Crude oil prices to remain suppressed till end-2016")
Uttarakhand emerges a gold refining hub
Unrefined gold imports expected to touch 300 tonnes this year
At paltry Rs 150 crore, gold bonds scheme fails to glitter
Public sector bankers have attributed the high issue price as the biggest dampener
 "At paltry Rs 150 crore, gold bonds scheme fails to glitter")
No 'concrete power' to check food inflation: Paswan
Prices of pulses, prices of onion, tomato and peas have risen sharply in recent months, hurting household budgets
 "No 'concrete power' to check food inflation: Paswan")
Potato prices double over a month but expected to cool
Meanwhile, unseasonal rainfall in October had benefited the sowing of potatoes, due to the required soil moisture
 "Potato prices double over a month but expected to cool")
Oil trades near three-month low as excess supply takes toll
Crude futures are down around 60% since mid-2014
 "Oil trades near three-month low as excess supply takes toll")
Gold hangs on to gains, adds Rs 120 on global cues
Silver follows suit, gains Rs 100 to Rs 34,300 per kg on increased offtake by industrial units and coin-makers
 "Gold hangs on to gains, adds Rs 120 on global cues")
Silver futures gain by 0.2% on higher global cues
Participants increased their belts, tracking a firm global trend
 "Silver futures gain by 0.2% on higher global cues")
Chana falls by 0.6% on profit-booking
Subdued demand at the spot market along with high supplies in major producing states affected prices
 "Chana falls by 0.6% on profit-booking")
Gold futures extend gains, up 0.3% on firm global cues
Speculators enlarged positions, taking positive cues from overseas markets
Nickel down by 0.6% on global cues
Speculators engaged in reducing their positions, triggered by a weakening global trend
 "Nickel down by 0.6% on global cues")
Lead up by 0.5% on spot demand
Traders built up fresh bets due to pick up in demand in the domestic spot market
Cardamom up by 0.9% on firm demand
Speculators indulged in creating fresh positions driven by firm demand in the spot markets
 "Cardamom up by 0.9% on firm demand")
Aluminium falls by 0.2% on global cues
Besides, subdued demand in the domestic spot markets weighed on aluminium prices
 "Aluminium falls by 0.2% on global cues")
Mentha oil declines by 0.9% on weak demand
Higher supplies from producing regions also affected prices
 "Mentha oil declines by 0.9% on weak demand")
Crude palm oil down by 0.4% on profit-booking
Speculators booked profits at prevailing levels amid subdued spot demand
 "Crude palm oil down by 0.4% on profit-booking")