Page 493 - Commodity News

June quarter sees sharp drop in gold demand

Unofficial import losing attractiveness, expected to fall significantly as import restrictions are being removed

Aluminium down 0.6% on muted global trend

Metal for delivery in September traded lower by 55 paise, or 0.53%

Nickel down 0.6% on overseas trend, subdued demand

Metal for delivery in September was also down by Rs 4.20, or 0.60%

Copper futures fall 0.93% on global cues, weak demand

Metal for delivery in current month traded lower at Rs 3.05 or 0.90%

Gold down Rs 142 on weak global cues

Metal for delivery in October shed Rs 135 or 0.52%

Silver down Rs 307 per kg on weak global cues

Metal for delivery in December declined by Rs 298 or 0.81%

Global gold demand slid to 6-year low in second quarter: WGC

Unseasonal rains in Q1 and drought in Q2 impacted India demand

Chana down 0.9% on profit-booking

Commodity for delivery in September traded lower by Rs 35, or 0.77%

Cardamom down 0.1% on subdued demand

Adequate stocks in the physical market on higher supplies from major producing regions put pressure on cardamom prices

Refined soya oil down 0.5% on adequate stocks

Oil for delivery in August shed Rs 2.20, or 0.38%

Palm oil down 0.6% on easing spot demand

Oil for delivery in September contracts moved down by Rs 2.50, or 0.63%

Gold Q2 demand falls 12% on lower appetite in Asia: WGC

However, demand in Europe and the US grew, driven by a mixture of increasingly confident jewellery buyers and strong demand for bars and coins

Gold surges on yuan devaluation

Up Rs 1,000 per 10 grams in 2 days, following global developments and weakening rupee

Starch makers in dire straits

Higher costs, lower margins and competition force starch makers to under-utilise capacities

Oil steadies as bullish IEA balances Chinese yuan slide

Price slide led to jump in July gold import

Consumers go for early buying, ahead of festival season beginning Aug-end

Guar gum prices slide on weak export demand

Guar gum is used by drilling cos to thicken water that is mixed with sand and pumped through shale rock cracks to extract gas

India hikes steel import duty by 2.5%

The import duty on semi ingots product will now be 10%

Gold regains Rs 26,000 mark, zooms Rs 600 per ten gram

The precious metal topped $1,100 an ounce mark in the global market

Copper falls by 1% as China again lowers yuan

Subdued demand at the domestic spot markets also affected prices