Page 457 - Commodity News

Crude oil up 0.3% per barrel on overseas cues

Oil for delivery in December also rose Rs 7, or 0.22%

Cardamom down 4.8% on profit-booking

The spice for delivery in December shed Rs 3.20, or 0.42%

Zinc up 0.3% on spot demand

Metal for delivery in December traded at Rs 110.85 per kg

Chana down 0.84% on higher supply

Commodity for delivery in November contracts traded lower by Rs 20, or 0.40%

Mentha oil falls by 0.2% on muted demand

Traders engaged in trimming their positions, triggered by subdued demand

Gold rises by 0.1% on global cues

Speculators created fresh positions, taking positive cues from global markets

Nickel up by 0.3% on spot demand

Speculators enlarged exposure, driven by rising demand

Gold near one-month low as Yellen signals December rate hike

Gold looked likely to drop below the $1,100-an-ounce level after US Fed chief Janet Yellen bolstered market expectations for a rate hike in December

Brent crude falls below $50 on US stocks buildup

Global demand for OPEC's crude will remain under pressure in the next few years, fuelling debate over if should defend market share instead of prices

Oil up in Asia but prices under pressure by supply glut

Prices were hammered yesterday after data showed that commercial crude inventories in US rose in the week to October 30

Weak cotton prices hit ginning units

Nearly half the units are not yet operational in the current cotton season

Mineral oil issue: 600 tonnes of pepper released

Release occurs after a Kolkata-based food testing laboratory okayed 1,500 tonnes of total stock

Bullion summit to deliberate jewellery issues

Jewellery consumption in country increased by 5% y-o-y to an estimated 193 tonnes in Q3 2015

Chana up by 0.5% on surging demand

Participants increased their holdings, triggered by rising demand at the spot market

Lead gains by 0.6% on spot demand

Positive global cues also helped prices

Gold up 0.5% on global cues

Metal for delivery in December was trading higher by Rs 119, or 0.46%

Silver futures up by 0.4% on global cues

Speculators built up positions amid a higher global trend

Nickel gains by 0.9% on positive global cues

Besides, increased demand from alloy-makers in the domestic spot market, supported the uptrend

Mentha oil falls by 0.5% on subdued demand

Traders trimmed positions owing to slackened demand from consuming industries in the spot market

Crude oil falls by 0.5% on global cues

Analysts said the fall in crude oil futures is mostly in step with a flat trend in Asian trade