Natural gas futures rose to Rs 139 per mmBtu on July 29 as participants increased their long positions. Gas price gained 4.4 percent on the NYMEX on July 28. The commodity has been supported by hot weather in parts of the US, increased storm activity in the Gulf of Mexico and expectation of marginal rise Read More
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Zinc prices on Tuesday rose by 30 paise to Rs 177.30 per kg in futures trade, tracking a firm trend in physical markets on the back of pick-up in spot demand. On the Multi Commodity Exchange, zinc contracts for July delivery traded higher by 30 paise, or 1.17 percent, at Rs 177.30 per kg with Read More
Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets. Brent crude dipped 14 cents, or 0.3%, to $43.20 a barrel by 0242 GMT, while U.S. West Texas Intermediate (WTI) crude dropped to $41.19 a barrel, down 10 cents, or 0.2%. The Read More
Copper prices on Friday slipped by Rs 5.10 to Rs 507.50 per kg as participants cut down their positions amid muted demand in domestic market. On the Multi Commodity Exchange, copper for July delivery eased by Rs 5.10, or 0.99 percent, to Rs 507.50 per kg in a business turnover of 3,386 lots. Analysts said Read More
Crude oil futures rose to Rs 3,173 per barrel on July 23 as participants increased their long positions on firmness in equity markets, hopes of further stimulus and weakness in the dollar. The US Energy Information Agency reported that US crude inventories rose 4.9 million barrels for the week-ended July 17. Tapan Patel- Senior Analyst Read More
Gold rose on Tuesday, hovering near a nine-year peak hit in the last session, as worries over a spike in COVID-19 cases and expectations for inflation from more economic stimulus measures boosted demand for the safe-haven metal. Spot gold was up 0.1% at $1,817.23 per ounce by 0300 GMT, after hitting its highest since September 2011 at Read More