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Commodities

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Precious Metals
Gold futures recover on firm Asian cues
Gold prices recovered by Rs 136 to Rs 28,098 per 10 gm in futures trading today, as speculators created fresh positions after the precious metal rebounded in global markets.
17-MAY-12
India Q1 gold consumer demand slides 19%: WGC
The vast Indian gold jewellery market suffered a 19% drop in demand in the first quarter of the year, and investment demand tumbled 46%, pressured by a weak and volatile rupee among other factors.
17-MAY-12
Gold tumbles into bear market on Greece concerns
Gold today declined for a fourth day and entered a so-called bear market as concerns that Greece will have to leave the euro boosted the dollar and cut the metal’s appeal as an alternative asset.
16-MAY-12
Gold at 5-week low on lower offtake, weak global cues
Gold prices fell for the third straight day to trade five weeks low in the national capital today on reduced offtake by stockists, sparked by a weakening trend in international markets.
16-MAY-12
Copper, other base metals remain weak on global cues
Weak conditions continued to prevail on the non-ferrous metals market today with prices of copper and nickel falling up to Rs 5 per kg largely in tandem with a weak trend at the London Metal Exchange.
16-MAY-12
Silver down 1.28% on weak global trend
Amid a weak trend in overseas markets, silver prices fell by 1.28% to Rs 52,278 per kg in futures trade today.
16-MAY-12
Gold futures fall on global cues
Gold prices fell by Rs 218 to Rs 27,918 per 10 gm in futures trade today as speculators indulged in trimming their positions after the precious metal dropped to a four-and-a-half month low in the global markets.
16-MAY-12
Lead down on sluggish spot demand
Tracking weakness in other base metals and subdued demand from battery-makers, lead futures prices moved down by 0.23% to Rs 108.45 per kg today, even as metal showed some strength at the London Metal Exchange.
16-MAY-12
Zinc sheds further ground on weak global trend
Zinc prices fell marginally 0.14% to Rs 104.65 per kg in futures trading today, largely in tandem with a weakening trend overseas on euro-zone worries amid slackened spot demand.
16-MAY-12
Asian gold hits 4-1/2 month low on Greek turmoil
Gold extended losses on Wednesday to slip to its weakest level since late December after efforts to form a new government in Greece collapsed, prompting investors to cut their exposure to the precious metal.
16-MAY-12
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