Sunday 18 January 2015

Commodity Market News-19 Jan 2015

Free Commodity Tips

Gold prices surged ahead to its highest level in four-month at the bullion market here powered by robust uptick from stockists and investors as well as good seasonal demand.

Silver staged a strong come back following frantic speculative buyout coupled with industrial offtake and finished above the key important Rs 39,000-mark.

Copper prices fell by 0.45% to Rs 361.45 per kg in futures trade today.

Oil prices edged
lower in Asia today as a rally late last week fizzled out owing to lingering concerns about weak demand and a global supply glut, analysts said.

Nickel futures prices today dropped by Rs 7.70 to Rs 908.80 per kg as speculators locked in gains amid a weak trend overseas.

Zinc prices drifted
by 0.39% to Rs 129.30 per kg in futures trade today as speculators trimmed positions following easing of demand in the spot markets.

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