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Zinc drops on sluggish demand prospects
Published on Friday, July 31, 2015 5:41 PM

Zinc futures fell by 0.24 per cent to Rs 124.75 per kg today as speculators reduced positions in the midst of a weak trend overseas. Besides, low demand in domestic spot markets fuelled the downtrend. Zinc futures for July 2015 contract, at MCX, were trading at Rs 124.75 per kg, down by 0.24 per cent after opening at Rs. 124.95 against the previous closing price of Rs. 125.05. It touched the ...

Zinc drops on sluggish demand prospects
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Copper slumps on weak German data
Published on Friday, July 31, 2015 5:37 PM

Copper prices fell by 0.55 per cent on Friday after retail sales in Germany fell unexpectedly last month signaling weak sentiment in the region which reduced the demand outlook for the metal. In a report, Destatis said that German Retail Sales fell to a seasonally adjusted -2.3 per cent, from 0.4 per cent in the preceding month whose figure was revised down from 0.5 per cent.

At t ...

Copper slumps on weak German data
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Lead dips on lack of demand
Published on Friday, July 31, 2015 4:39 PM

Lead prices fell by 0.50 per cent on Friday at the domestic markets as a result of low demand from battery-makers and other consuming industries at the domestic spot market as well as a weak trend at the overseas market. At the MCX, Lead futures, for the August 2015 contract, is trading at Rs 108.85 per kg, down by 0.50 per cent, after opening at Rs 109.15, against a previous close of Rs 109 ...

Lead dips  on lack  of demand
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Bullish industrial demand lifts Mentha oil futures
Published on Friday, July 31, 2015 3:35 PM

Mentha oil prices rose by 0.36 per cent on Friday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. At MCX, Mentha oil futures for July 2015 contract, at MCX, were trading at Rs. 939.10 per kg, up by 0.36 per cent after opening at Rs. 943.50 against the previous closing price of Rs. 935.70. It touched th ...

Bullish industrial demand lifts Mentha oil futures
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Govt allots Rs 200 cr for Agri-Tech Infrastructure Fund
Published on Friday, July 31, 2015 3:31 PM

The government of India has recently approved a central sector scheme for promotion of national agriculture market (NAM) through Agri-Tech Infrastructure Fund (ATIF), with a budget of Rs.200 crores, for implementation during 2015-16 to 2017-18. This information was given by the Minister of State for Agriculture Mohanbhai Kalyanjibhai Kundariya in Rajya Sabha today.The scheme envisages implem ...

Govt allots Rs 200 cr  for  Agri-Tech Infrastructure Fund
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Oil falls after OPEC comments imply no supply cut
Published on Friday, July 31, 2015 4:54 PM

By Christopher Johnson

LONDON  - Oil prices fell on Friday as concern over global oversupply intensified after the head of oil producers' cartel OPEC indicated there would be no cuts in production despite a huge global oversupply.

Benchmark North Sea Brent crude headed for its fifth consecutive weekly fall after comments on Thursday ...

Oil falls after OPEC comments imply no supply cut
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Silver in Bear grip on US rate tightening fears
Published on Friday, July 31, 2015 1:54 PM

Silver futures plunged by more than 1 per cent in noon trade in the domestic market on Friday as investors and speculators exited positions in the precious metal amid fears over near-term interest rate tightening by the US Federal Reserve as strong GDP numbers signaled an improving health of the world’s biggest economy, curbing the lure for Silver as a store of value.

The Am ...

Silver in Bear grip on US rate tightening fears
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Slow Asian demand despite multi-year low gold prices
Published on Friday, July 31, 2015 2:27 PM

By Manolo Serapio Jr and Rajendra Jadhav

MANILA/MUMBAI - Asian gold demand hardly perked up this week even as the price of the precious metal languished near its lowest since 2010 with many would-be buyers predicting further price declines, keeping premiums steady in the world's top gold consuming region.

Gold is on course to post a sixt ...

Slow Asian demand despite multi-year low gold prices
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Listless trade in Natural Gas
Published on Friday, July 31, 2015 1:51 PM

Natural Gas prices were little changed during noon trade in the domestic market on Friday as traders stayed on the sidelines as Thursday’s storage data failed to alleviate concerns of oversupplies in the US market. While US gas supplies climbed by 52 billion cubic feet to 2.880 trillion cubic feet in the week ended July 24, compared to an expected injection of 55 billion cubic feet and ...

Listless trade  in Natural Gas
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