Gold Sees Some Buying, Firm Dollar Weighs

COMEX Gold saw some buying today after testing near one month low. Weak earnings weighed on European markets amid a sluggish economy. Lack of major economic data points also kept the sentiments under check. However, a firm undertone in US dollar capped the gains and COMEX Gold currently trades at $ 1207 per ounce, up […]

Economic Buzz: India Consumer Prices Ease In October

Indias headline consumer price inflation rose 3.31 percent year-on-year in October after a 3.70 percent increase in September, which was revised from 3.77 percent, provisional figures from the statistics ministry showed on Monday. Food price inflation was a -0.86 percent in October versus 0.51 percent in September. On a month-on-month basis, the CPI rose 0.29 […]

Gold rises by Rs 80 on jewellers’ buying

NEW DELHI: Gold prices recovered by Rs 80 to Rs 32,150 per 10 gram at the bullion market Monday on revival of buying by jewellers to meet wedding season demand even as the precious metal weakened overseas. Silver too ended higher by Rs 150 at Rs 38,150 per kg. Bullion traders attributed the rally in […]

Economic Buzz: India IIP Climbs 4.5% On Year In September

India industrial production rose 4.5 percent year-on-year in September, which was faster than the 4.3 percent gain economists had forecast, the ministry announced. Augusts production growth was revised up to 4.7 percent from 4.3 percent. In September, mining output rose 0.2 percent, manufacturing grew 4.6 percent and electricity generation rose 8.2 percent. Primary goods production […]

Commodities Buzz: Pepper Prices Ease In Major Asian Markets

Global pepper market saw a mixed to weak activity in last week. Pepper prices in major local markets mostly eased except India and Malaysia. Black pepper prices fell around 3-5% in Indonesia and Vietnam. Indian pepper market has been mostly focusing on the cheap imports in recent times and not much of movement in being […]

Commodities Buzz: Copper Speculative Position In Bullish Territory For Seven Straight Weeks

Large precious metals speculators added to their bullish net positions in the Copper futures markets last week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Copper futures, traded by large speculators and hedge funds, totaled a net position of […]