Commodity

India’s crude oil production fell by 2.3% in August, rising gas production

India’s crude oil production fell by 2.3 percent in August but natural gas production rose more than a fifth after emissions from the KG-D6 Reliance-BP sectors, government data released on Wednesday showed. Crude oil production fell to 2.51 million tons in August as output from the state-run Oil and Natural Gas Corp (ONGC) sectors sank. …

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Zinc futures fall-dollar bounce, Choice Broking, says the bullish outlook

Zinc prices fell to Rs 235.80 per kg as participants increased their short positions, which appear to be in open interest. The base metal is traded steady to lower on a day to day was in the evening session of the concern that the tightening of US monetary policy and a weaker demand in China, …

Zinc futures fall-dollar bounce, Choice Broking, says the bullish outlook Read More »

Silver prices fall below Rs 69,500 / kg on weak economic data, the volatile dollar

Silver prices fell below Rs 69,500 per kg on 16 July following weak economic data from China and a decline in gold trends. Precious metal gained 0.50 percent yesterday in COMEX. The white metal came from previous gains and became red to trade during the lower part of the day after the start of the …

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Declining cotton prices in low demand, an area for growth where it is grown

The futures of cotton are sold for as low as Rs 22,110 per bale on May 14 as participants cut their positions as evidenced by the open interest. Agri’s assets were sold red after the start of the gap despite strong international practice and a strong framework. Cotton exports to India in the 2020-21 market …

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Copper prices for lifetime reached Rs 754.20 per kg on green infrastructure push

During intraday on MCX, on April 26, copper prices rose to Rs 753.50 per kg after touching a new lifetime of Rs 754.20. In the evening session, the base metal opened after extended gains to trade at the day’s high. The non-ferrous metal has exceeded the moving averages of 5, 20, 50, 100 and 200 …

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Copper price hits the all-time highs in growing demand, makes a cup and holds a chart pattern

The copper price has been resolved to a whole new level in LME, COMEX and MCX supporting industry speculators and consumers in the wake of healthy economic data as the global economy recovers from the epidemic. The red metal finished the week with an increase of $ 31.3 or 4.14 percent in the fourth straight …

Copper price hits the all-time highs in growing demand, makes a cup and holds a chart pattern Read More »

Gold demand raised due to Akshaya Tritiya : Navneet Damani of Motilal Oswal

Gold and other commodities were able to ride the reflation trade very high last week, resulting in prices trading well above $ 1800 per troy ounce per 10 week high. Our frequent crunch in the market seems to be revisiting an unprecedented week in terms of market news and major results, ahead of the April …

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Prices of silver remain at Rs 67,943 per kg as the US dollar depreciates; speculators cut a long distance

Silver prices stabilized on June 28 following a reduction in gold prices and the weakness of the dollar. The precious metal received Rs 293 or 0.43 percent last week in the MCX. The white metal sold in a good location after the start of the track to silence world indicators.Small precious metals have been trading …

Prices of silver remain at Rs 67,943 per kg as the US dollar depreciates; speculators cut a long distance Read More »

Crude palm oil slips after hitting new lifetime high on profit booking

Crude palm oil futures reached Rs 1,210.90 per 10 kg on April 23 after touching a new lifetime high of Rs 1,231 during intraday on MCX. Malaysian palm oil futures slipped 1.54 percent to 3,929 ringgits on Bursa Malaysia Bhd. Crude palm oil traded in negative territory after a lapse in the evening session.Agri commodities …

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Copper prices decreases in profit booking, tightening debt in China

Copper prices were under less pressure due to bookings on profits as commodities became an asset and currencies with the US dollar while market players challenged the central bank position and emerging signs of inflation. The base metal was sold in the wrong place after the onset of red on the conquered landmarks.Brass delivery in …

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