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Commodity

Oil down in Asia

Oil was down in Asia today as traders took profits from recent gains and ahead of the May Day holiday. New York’s main contract, light sweet crude for delivery in June dropped 17 cents to 94.33 dollar a barrel and Brent North Sea crude for June delivery shed 13 cents to 103.68 dollar.

Commodity

Oil down in Asia on weak US data

Oil was down in Asia on Monday as weak economic data from the United States sparked concerns over a softer demand for crude, analysts said. New York’s main contract, light sweet crude for delivery in June dropped 48 cents to USD 92.52 a barrel and Brent North Sea crude for June delivery shed 48 cents […]

Commodity

Crude drops as China Signals Economic Slowdown

Crude fell for a second day after a report signaled an economic slowdown in China, the world’s second-biggest oil consumer. Crude June delivery slid as much as 57 cents to $92.43 a barrel in electronic trading on the New York Mercantile Exchange and was at $92.59.

Commodity

Gold ends unchanged at 28,000 rupees

Gold ended unchanged, at 28,000 rupees per ten grams at Delhi’s bullion market today, on restricted buying at prevailing higher levels. But silver spurted 1,900 rupees, to 47,400 rupees per kilo, on buying by stockists sparked by a firm global trend. Silver coins jumped 1,000 rupees, to 77,000 rupees for buying 100 pieces.

Commodity

Oil down in Asia on profit-taking

Oil prices eased in Asia on Friday as traders cashed in on recent gains following signs of strengthening US energy demand and concerns over tensions in Syria, analysts said. New York’s main contract, light sweet crude for delivery in June dropped 21 cents to USD 93.43 a barrel and Brent North Sea crude for June […]

Commodity

Gold rises to Rs. 27,600 per 10 gm

Gold prices maintained an upward trend for the fourth day on Tuesday, by adding Rs 200 to Rs 27,600 per 10 grams in the national capital, on sustained buying by stockists and retailers. However, silver lacked necessary follow up support and dropped by Rs 800 to Rs 45,000 per kg. Traders said increased buying by […]

Commodity

In China Price Freefall Prompts Gold Rush

Gold purchases are picking up speed following a recent abrupt price drop for the precious metal. Gold bars have sold out and gold accessories are going fast at the Caishikou Department Store, the largest gold dealer in downtown Beijing. “No gold bars are available. Customers who have paid can pick up their bars in one […]

Commodity

Speculators in futures markets caused gold price crash: WGC

The World Gold Council (WGC) on Friday said the recent fall in gold prices was driven by speculative traders in the futures markets; the WGC is the market development organisation for the gold industry. It also mentioned that lower prices boosted demand for the precious metal from India and China to the US, Japan and […]

Commodity

Gold futures down on weak global cues; subdued domestic demand

Gold prices fell 0.90 per cent to Rs 25,447 per 10 grams in futures trade on Thursday, on increased offloading of positions by participants taking cues from the global market. At the Multi Commodity Exchange, gold for delivery in June eased by Rs 232, or 0.90 per cent, to Rs 25,447 per 10 gm in […]

Commodity

Gold dips below Rs. 27,000 level; down Rs. 1,160

Falling for the third straight session, gold prices slipped below the Rs. 27,000 level on Tuesday. Prices of the yellow metal crashed by a whopping Rs. 1,160 to Rs. 26,440 per 10 grams , taking cues from global markets where the metal dropped to an over two-year low. In line with overall trends, silver also […]