Commodity Market News-20 Jan 2015

Gold on Monday traded at the biggest premium to platinum since April 2013. Bullion was near a four-month high, amid demand for a haven.

Zinc Prices rose by 0.70% to Rs 128.90 per kg in futures trading today as speculators enlarged positions.

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.

Cardamom Prices fell by 1.02% to Rs 1,063 per kg in futures trade today as speculators booked profits at existing higher levels amid sluggish demand in the spot market.

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Commodity Market News-19 Jan 2015

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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Commodity Market News-15 Jan 2015

Gold erased its earlier decline and gained smartly towards mid-European trade after the Swiss National Bank cut the interest rate to minus 0.75 per cent and scrapped its minimum exchange rate of 1.20 Swiss francs to a euro, which boosted fundamental sentiment towards the yellow metal.

Oil Prices rebounded in Asia today after plunging in the previous session in reaction to news that the OPEC cartel had overproduced in December, while it also cut its global demand outlook.

Zinc futures prices today edged up by 0.55% to Rs 127.50 per kg today as participants created speculative positions, amid a firm global trend and better domestic demand.

Nickel Prices moved up by 0.56% to Rs 896.40 per kg in futures trading today on speculators creating fresh positions.

Copper futures rose by 0.64% to Rs 354.45 per kg today after participants built-up positions, tracking a firming trend in base metals at the London Metal Exchange (LME).

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Commodity Market News-14 Jan 2015

Silver prices plunged by Rs 496 to Rs 37,662 per kg in futures trade today as speculators reduced their exposures.

Gold prices moved down by 0.35% to Rs 26,960 per 10 gram in futures trade today as participants offloaded positions partially, taking weak cues from the global market.

Crude Palm Oil prices fell 1.15% to Rs 461.50 per kg in futures trade today, tracking a weak trend in domestic as well as overseas markets.

Cardamom prices today rose by 1.21% to Rs 1,095.70 per kg in futures market as participants created speculative positions, supported by rise in demand in the spot markets.

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Commodity Market News-13 Jan 2015

Silver prices jumped by Rs 453 to Rs 37,424 per kg in futures trading today as speculators indulged in creating fresh positions.

Nickel prices fell by 0.63% to Rs 940.50 per kg in futures trade today as speculators indulged in offloading positions after the metal declined in global markets.

Jeera prices spurted by another Rs 910, or 5.97% to Rs 16,140 per quintal in futures trade today as speculators indulged in creating fresh positions amidst lower output reports.

Oil continued their rout on Tuesday with Brent crude and US WTI both falling to their lowest in almost six years, as a persistent global supply glut offset data showing record high imports by key consumer China.

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Daily Commodity Market News-07 Jan 2015

BULLIONS

GOLD:
Gold jumped more than 1 percent to a three-week high on Tuesday, extending gains on safe-haven buying as stock markets slid on mounting concern over Greece's future in the euro zone and as oil prices tumbled.

SILVER:
Silver was up 2.3 percent at $16.51 an ounce. Growth in the U.S. services sector braked in December and new orders for manufactured goods fell for a fourth straight month in November, signs the economy lost some momentum in the fourth quarter.

CRUDE OIL:
Global oil markets on Tuesday slumped for a fourth straight session as mounting worries about a supply glut pressured crude prices, which have fallen almost 10 percent this week to their lowest since spring 2009.

NATURAL GAS:
U.S. natural gas futures settled up 2 percent on Tuesday, recouping half of the previous session's loss, as bets for colder weather helped the market recover from early lows pressured by falling oil prices.

BASE METALS

COPPER:
Copper fell on Tuesday as prices remained close to 4-1/2 year lows hit in the previous session due to dollar strength, plunging oil prices and concerns on demand from top consumer China as the country moves to raise output.

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Commodity Market News-02 Jan 2015

BULLIONS

GOLD:
Gold fell 1.5 percent on pressure from weak oil prices and gains in the U.S. dollar on Wednesday, and was poised to end 2014 down a slight 2 percent after falling below $1,200 an ounce.

SILVER:
Silver fell 3.9 percent to $15.63 an ounce on Wednesday and was on track for a 19.5 percent annual decline.

CRUDE OIL:
Oil prices fell on Wednesday to a 5-1/2-year low and ended with their second-biggest annual decline ever, down by half since June underpressure from a global glut of crude.

NATURAL GAS:
U.S. natural gas prices ended the year down more than 30 percent for their worst performance since 2011 after unseasonably warm weather raised questions on whether gas in storage was excessive for the heating required in coming months.

BASE METALS

COPPER:
Copper prices ended 2014 with a loss of 14 percent, their biggest annual decline in three years, on concerns that a supply surplus will hit the market next year just as Chinese economic growth shifts down another gear.

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