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Commodity

Gold tumbles 465 rupees

Gold tumbled 465 rupees, to 26,950 rupees per ten grams in Delhi’s bullion market, today, driven by a weak global trend. Silver lost 880 rupees, to remain at 44,000 rupees per kilo, on reduced offtake. Overseas, gold fell 0.6 per cent, to 1,386 dollars an ounce. Silver dropped 0.7 per cent, to 22.48 dollars an […]

Commodity

Oil down in Asia on weak US production data

Oil was down in Asian trade on Thursday as caution returned to the market following weak US production data, analysts said. New York’s main contract, light sweet crude for delivery in June, dropped 33 cents to USD 93.97 a barrel and Brent North Sea crude for June delivery shed 16 cents to USD 103.52. “Disappointing […]

Commodity

Oil rebounds in Asia trade

Oil rebounded in Asian trade today on bargain-hunting following an overnight decline, but analysts said economic worries in energy guzzlers US and China would continue to weigh on sentiment. New York’s main contract, light sweet crude for delivery in June gained 24 cents to 95.41 dollar a barrel and Brent North Sea crude for June […]

Commodity

Gold up in futures trade on global cues

Buoyed by a firm global trend, gold prices rose by 0.28 per cent to Rs. 27,168 per 10 gm in futures trade as speculators enlarged their positions. At the Multi Commodity Exchange, gold for delivery in June rose by Rs. 75, or 0.28 per cent, to Rs. 27,168 per 10 gm in business turnover of […]

Commodity

Oil up in Asian trade

Oil was up in Asian trade on Thursday as a surprise rise in German industrial production brightened the market’s outlook for European and global growth, analysts said. New York’s main contract, light sweet crude for delivery in June added five cents to USD 96.67 a barrel and Brent North Sea crude for June delivery gained […]

Commodity

Gold at Rs.26,796 per 10 gm on global cues

Taking positive cues from the global markets, gold rose further by 0.28 percent to Rs 26,796 per 10 gram in futures trade, as speculators enlarged positions. At the Multi Commodity Exchange, gold for delivery in June contracts after opening higher, rose further by Rs 74, or 0.28 percent, to Rs 26,796 per 10 gram with […]

Commodity

Oil prices down in Asian trade

Market forecasts for a surge in US crude inventories dragged down oil prices in Asian trade today. New York’s main contract, light sweet crude for delivery in June, dropped six cents to 95.56 dollars a barrel in the morning and Brent North Sea crude for June delivery shed 23 cents to 104.17 dollars. The US […]

Commodity

Gold futures extend losses; subdued demand

Tracking a weakening trend in the global market on slowing demand, gold fell 0.79 percent to trade below the Rs 27,000 level in futures trade on Tuesday, as speculators indulged in trimming positions. Besides, slackened demand in the spot markets also put pressure on prices. At the Multi Commodity Exchange, gold for delivery in June […]

Commodity

Niobium Goes From Strength to Strength

London: The global niobium market rebounded quickly from the slump in consumption in 2009 and by 2011 demand had returned to near peak levels. Recovery slowed in 2012 but a return to long-term growth is certain. Niobium is used mainly as an alloying element for certain types of high-strength and stainless steel, where it is […]

Commodity

Gold dips to Rs 26,963 in futures trade

Amid weak trend overseas and subdued demand in spot markets, gold dipped below Rs 27,000 level by falling 0.69 per cent to Rs 26,963 per 10 grams in futures trade on Tuesday. At the Multi Commodity Exchange, gold for delivery in June, after remaining weak at the outset, fell further to slip below Rs 27,000 […]