Commodity News

COMEX gold trades moderately lower near $2,005/oz after adding 0.7 percent gain yesterday which marked its second consecutive session in the green. Gold fell as low as $1,985.2/oz in intraday trade yesterday in reaction to upbeat US housing data and some US equity indices hitting record high level but recovered soon to end above the Read More

Copper prices on Tuesday rose by 0.3 percent to Rs 516.60 per kg in futures trade on pick-up in spot demand. On the Multi Commodity Exchange, copper contracts for August delivery traded higher by Rs 1.55, or 0.3 percent, at Rs 516.60 per kg in a business turnover of 4,355 lots. Analysts attributed the rise Read More

Gold fell below the $1,900 per ounce level on Wednesday as a resurgent dollar prompted investors to reassess their positions after a record-breaking price rally. Spot gold declined as much as 2% to a near three-week low of $1,872.19, resuming its free fall after a brief hiatus in early trade. It was down 1.1% to Read More

Copper prices on Monday rose by 0.64 percent to Rs 505.25 per kg in futures trade on pick-up in spot demand. On the Multi Commodity Exchange, copper contracts for August delivery traded higher by Rs 3.20, or 0.64 percent, at Rs 505.25 per kg in a business turnover of 3,989 lots. Analysts attributed the rise Read More