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Cottonseed oil cake futures rise on fresh bets

New Delhi: Cottonseed oil cake prices on Wednesday increased by Rs 19 to Rs 1,853 per quintal in futures trade as speculators created fresh positions driven by firm spot demand. On the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in December traded up by Rs 19, or 1.04 per cent to Rs […]

Refined soya oil futures fall on low demand

New Delhi: Refined soya oil prices on Wednesday fell by Rs 6.7 to Rs 927.4 per 10 kg in futures trade as speculators reduced holdings amid subdued demand in spot market. On the National Commodity and Derivatives Exchange, refined soya oil for delivery in October declined by Rs 6.7, or 0.72 per cent, to Rs […]

Soybean futures rise on fresh bets

New Delhi: Soybean prices on Wednesday rose by Rs 20 to Rs 4,006 per quintal in futures market as traders created fresh positions tracking positive spot demand. On the National Commodity and Derivatives Exchange, soybean for October delivery gained Rs 20, or 0.5 per cent, to Rs 4,006 per quintal with an open interest of […]

Zinc futures down on muted demand

New Delhi: Zinc prices on Wednesday fell by 1.35 per cent to Rs 192.60 per kg in futures trade as speculators reduced their exposure taking negative cues from spot market. On the Multi Commodity Exchange, zinc contracts for September delivery traded lower by Rs 1.35, or 0.7 per cent, at Rs 192.60 per kg in […]

Nickel futures slide on tepid demand

New Delhi: Nickel prices on Wednesday fell by 0.89 per cent to Rs 1,058.30 per kg in the futures trade after participants offloaded their positions amid weak demand in spot market. On the Multi Commodity Exchange, nickel contracts for the September delivery traded lower by Rs 9.50, or 0.89 per cent, to Rs 1,058.30 per […]

Oil edges up to $42, eyeing Libya and U.S. inventories

LONDON: Oil edged up to around $ 42 a barrel on Wednesday after a report said U.S. fuel inventories fell, although rising crude supply and growing numbers of coronavirus cases that raise concern of stalling demand capped gains. The American Petroleum Institute, an industry group, said stocks of gasoline and distillate fuel dropped, while crude […]

Gold touches six-week low as firm dollar dims appeal

Gold prices hit a six-week low on Wednesday as the dollar strengthened on concerns about rising coronavirus cases in Europe, while doubts emerged over further stimulus from the U.S. Federal Reserve. Spot gold fell 1.2% to $ 1,877.52 per ounce by 801 GMT. Earlier in the session, bullion hit its lowest since Aug. 12 of […]

Copper futures fall on weak demand

New Delhi: Copper prices on Wednesday slipped by Rs 3.70 to Rs 527.65 per kg as participants cut down their positions amid muted demand in domestic market. On the Multi Commodity Exchange, copper contracts for the September delivery eased by Rs 3.70, or 0.7 per cent, to Rs 527.65 per kg in a business turnover […]

Gold price falls below Rs 50,000. Right time to buy?

NEW DELHI: Continuing its downward journey, near-month gold futures on the Multi Commodity Exchange (MCX) slid below the Rs 50,000 mark on Wednesday amid heavy selling pressure thanks to an upbeat dollar and vaccine hopes. Despite the fall in recent days, analysts believe fundamentals for a bull run in the yellow metal remain intact. So, […]