Wednesday 26 November 2014

Commodity Market News-27 Nov 2014

Commodity Tips, Free Commodity Tips, Equity Tips, Nifty Tips

Gold prices fell by Rs 20 to Rs 26,880 per 10 grams at the bullion market in the national capital on Wednesday on easing demand from jewellers and retailers at prevailing levels amid a weak global trend.

silver strengthened by Rs 175 to Rs 37,200
per kg on persistent buying support from industrial units and coin makers.

Nickel prices moved up by 0.91 per cent to Rs 1,008.30 per kg in futures trade today as speculators enlarged their position, tracking a firming trend in spot market on increased demand from alloy-makers.

Copper prices gained 0.34 per cent to Rs 414.45 per kg in futures trade today as speculators enlarged positions, supported by pick up in demand from consuming industries amid a firming global trend.

Oil prices rose in Asia Friday on fresh hopes that the OPEC cartel will overcome internal resistance to trim output, while upbeat US economic data also provided support, analysts said.

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