Page 969 - Commodity News

Gold prices fall by 1.54% in futures trade

Sustained weakness in overseas markets put pressure on gold prices

Oil prices lower in Asian trade

Investors lock in profits from last week's gains after US stocks blazed to new record levels

Traders increase bearish bets on gold

Open interest highest since April

Raw jute prices might fall 10%

The availability of raw jute for 2013-14 has been projected at 13.5 mn bales

Sugar co-ops want restrictions on import, with export subsidy

At present, sugar imports via open general licence route are permitted at 10% duty

Cardamom down over 1% on profit-booking

Subdued demand against adequate stocks triggered the downtrend

Potato trade down over 2% on weak demand

Prices traded low as speculators offloaded their positions

Mentha oil rises over 1% on fresh buying

Restricted supplies from Chandausi supported the uptrend

Crude palm oil up 0.7% on global cues

Rising spot demand supported the uptrend

Zinc up 0.3% on firm spot demand

Prices moved up as speculators enlarged positions

Nickel up 0.3% on firm demand

However, weak trend overseas restricted gains

Transaction volumes rose 300% on Akshaya Tritiya, says Atos Worldline India

Value of card-based transactions across India rose 37%

Lead slightly up on demand from battery-makers

Covering-up of short positions by speculators suppported the uptrend

Copper marginally up on short-covering

Rising spot demand supported the uptrend

Silver futures extend weakness, down 0.68%

weak trend in global markets as investors reduced holding and strengthening dollar reduced demand for safe haven investments, influenced silver futures here

Gold futures extend losses on global cues, subdued demand

A weak trend at the domestic spot markets where gold dropped to one-month low also weighed on the prices

Oil down in Asia as poor US economic data weigh

Poor housing and employment data from the United States sparked concerns of weaker crude demand

Low raw material costs bring cheer to polyester yarn makers

The price of texturised polyester yarn, the benchmark yarn variety, has fallen from Rs 120 a kg in March to Rs 105 a kg, owing to the drop in the prices of PX, PTA and MEG

Gold demand to remain high: WGC

Heavy outflows from gold ETFs behind fall, says World Gold Council

FMC directs commodity exchanges to increase IPF threshold

The ceiling in the case of a default by a member was Rs 25 lakh/member. Now, this has been raised to Rs 2 cr per member