Gold down on weak overseas cues
27/07/2016 17:06
Gold futures were trading lower during the noon trade in the domestic market on Wednesday as participants trimmed their bets tracking weak cues in precious metals overseas on caution ahead of the US Fed’s two-day policy meet concluding today.
Further, decline in Gold prices at the futures trade was largely in line with a weak trend in precious metals in global markets before a US Fed’s meet that may shed light on the timing of interest-rate increases, and as investors considered the outlook for stimulus in Japan.
At the MCX, gold futures for August 2016 contract was trading at Rs 30,822 per 10 grams, down by 0.29 per cent
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Lead futures drop 1.06% on muted demand
27/07/2016 15:55
Lead futures were trading lower during the evening trade in the domestic market on Wednesday as investors and speculators trimmed their bets in the industrial metal amid decline in physical demand for lead, from battery-makers, in the domestic spot market. Further, decrease in demand from battery makers in the spot market influenced lead prices at futures trade. At the MCX, Lead futures for July 2016 contract is trading at Rs 121.75 per kg, down by 1.06 per cent
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Zinc dips on weak global cues
27/07/2016 15:07
Zinc futures were trading lower during the afternoon trade in the domestic market on Wednesday as investors and speculators cut short their bets in the industrial metal amid decline in physical demand for zinc in the domestic spot market tracking weak cues from global markets.
Further, weakness in base metals pack at the LME as weaker oil prices raised concerns over the health of the global economy, too weighed on zinc prices in futures trade.
At that MCX, zinc futures for July 2016 contract is trading at Rs 148.95 per kg, down by 0.87 per cent
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Cardamom futures rise on surge in spot demand
27/07/2016 14:25
Cardamom futures were trading higher during the afternoon trade in the domestic market on Wednesday after speculators widened their positions supported by rising demand in the spot market. Further, restricted supplies from producing regions and rising domestic as well as export demand in the spot market also fueled the uptrend. Market analysts said besides rise in demand in the spot market, tight supplies from producing regions mainly helped cardamom prices to trade higher at futures trade.
At MCX, Cardamom futures for August 2016 contract is trading at Rs 937.90 per kg, up by 0.32 per cent
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Crude Oil in reverse gear on global cues
27/07/2016 13:03
Crude oil futures were trading lower during the afternoon trade in the domestic market on Wednesday as investors and speculators cut down their exposure in the domestic spot market tracking weak cues from global markets as traders continued to fret over the prospect of more US oil-drilling activities and an expected slowdown in domestic refining activities.
At the MCX, crude oil futures for August 2016 contract is trading at Rs 2,896 per barrel, down by 0.24 per cent
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Gold loses sheen on weak overseas cues
27/07/2016 12:44
Gold futures were trading lower during the noon trade in the domestic market on Wednesday as participants trimmed their bets tracking weak cues in precious metals overseas on caution ahead of the US Fed’s two-day policy meet concluding today.
Further, decline in Gold prices at the futures trade was largely inline with a weak trend in precious metals in global markets before a US Fed’s meet that may shed light on the timing of interest-rate increases, and as investors considered the outlook for stimulus in Japan.
