Commodities News

Hedge funds sell gold after propping mkt a month ago  

18 May 2013, 12.37 pm  |  Source: Reuters

Hedge funds and other big speculators in commodities have started selling gold in a big way, trade data showed on Friday, just a month after they had ...

Gold falls to 1-month low as Fed comments lift dollar  

17 May 2013, 10.19 pm  |  Source: Reuters

Gold fell for a seventh straight session on Friday, its longest losing streak in four years, as speculation that the Federal Reserve may soon rein in ...

Oil gains to near $96 as investors eye US economy  

17 May 2013, 8.12 pm  |  Source: AP

Oil prices rose to near USD 96 a barrel ahead Conference Board`s index of leading indicators for the US economy. ...

Gold may retest April low of USD 1300-1320 in coming weeks  

17 May 2013, 6.27 pm  |  Source: Moneycontrol.com

IIFL has come out with its weekly update on metals & energy. The deterioration in the futures and ETFs would prevail over the healthy physical demand ...

MCX Silverm August contract trades lower  

17 May 2013, 4.27 pm  |  Source: Moneycontrol.com

MCX Silverm August contract was trading at Rs 43500 down Rs 310, or 0.71 percent. SILVERM prices have moved down Rs 13662, or 23.90 percent in the Aug...

MCX Goldpetal June contract declines  

17 May 2013, 4.27 pm  |  Source: Moneycontrol.com

MCX Goldpetal June contract was trading at Rs 2610 down Rs 16, or 0.61 percent. GOLDPETAL prices have moved down Rs 414, or 13.69 percent in the June ...

Silver prices today: Updates on Silver rates in India  

17 May 2013, 3.38 pm  |  Source: Moneycontrol.com

Silver rates were trading higher in major cities of India. In Mumbai market, spot silver 999 prices gained by Rs 655 at Rs 44490 per one kilogram....

Gold's fall not over yet; sell now recommend experts   

17 May 2013, 3.34 pm  |  Source: CNBC-TV18

Experts' bearishness comes on the back of the metal seeing the worst decline in a month after investors cut their exposure to bullion. Gold exchange-t...

Sell MCX Nickel May; target Rs 768: Fortune Financial  

17 May 2013, 2.46 pm  |  Source: Moneycontrol.com

Fortune Financial Servies has come out with its technical report on Nickel. According to the research firm, one can sell MCX Nickel May contract aroun...

Rubber may test Rs 17250: Geojit Comtrade  

17 May 2013, 2.46 pm  |  Source: Moneycontrol.com

Geojit Comtrade has come out with its report on rubber. According to the research firm, a direct rise in rubber above Rs 17040 could lift prices to Rs...

MCX Silvermic Nov contract slips 1%  

17 May 2013, 2.42 pm  |  Source: Moneycontrol.com

MCX Silvermic November contract was trading at Rs 44272 down Rs 447, or 1 percent. So far 268 contracts have been traded. Silvermic prices have moved ...

MCX Goldm July contract trades lower  

17 May 2013, 2.41 pm  |  Source: Moneycontrol.com

MCX Goldm July contract was trading at Rs 26046 down Rs 159, or 0.61 percent. GOLDM prices have moved down Rs 3954, or 13.18 percent in the July serie...

Don't see gold touching $1,100/oz by year-end: UBS   

17 May 2013, 1.25 pm  |  Source: CNBC-TV18

In a new note to clients, Credit Suisse's Ric Deverall forecasted that gold would plunge to USD 1,100 this year and eventually to USD 1,000 within fiv...

Brent slips, stays below $104 on demand woes, firm $  

17 May 2013, 12.32 pm  |  Source: Reuters

The US economy showed fresh signs of slowing in the second quarter, with factory activity slipping in the mid-Atlantic region while groundbreaking dec...

Buy MCX Gold June fut on decline: Fortune Financial  

17 May 2013, 12.16 pm  |  Source: Moneycontrol.com

Fortune Financial Services has come out with its report on Gold, Silver, Copper and Nickel. According to the research firm, MCX Gold June futures cont...

MCX Silver July contract trading flat  

17 May 2013, 12.15 pm  |  Source: Moneycontrol.com

MCX Silver prices have moved down Rs 21779, or 33.50 percent in the July series so far. At 11:28 hrs MCX SILVER July contract was trading at Rs 43231 ...

Gold to face more selling pressure: IIFL   

17 May 2013, 11.57 am  |  Source: CNBC-TV18

Tarang Bhanushali of IIFL believes that the dollar index hitting new highs would lead to further selling in gold prices in the near-term....

NCDEX Sugar has strong support at Rs 3020: Emkay  

17 May 2013, 11.44 am  |  Source: Moneycontrol.com

Emkay Commodity Research has come out with its report on Sugar. According to the research firm, NCDEX Sugar June future contract has breached its stro...

Expect crude oil prices to move in range: Emkay  

17 May 2013, 11.40 am  |  Source: Moneycontrol.com

Emkay Commodity Research has come out with its report on Crude Oil and Natural Gas. The research firm expects crude oil prices to move in a range as t...

MCX Gold June contract trades flat  

17 May 2013, 11.34 am  |  Source: Moneycontrol.com

MCX Gold prices have moved down Rs 6067, or 18.85 percent in the June series so far. At 11:26 hrs MCX GOLD June contract was trading at Rs 26127 down ...

Commodity bets: How to play copper, crude, gold today   

17 May 2013, 10.55 am  |  Source: CNBC-TV18

Priyank Upadhyay of SSJ Finance & Securities recommends selling copper around Rs 398 per kilogram with stop loss above Rs 402 per kilogram and target ...

Gold edges up, headed for worst week in a month  

17 May 2013, 8.28 am  |  Source: Reuters

Gold edged up on Friday as stock markets paused after rally, but the metal was still on track for its worst weekly decline in a month as investors cut...

Gold slides to four-week low as investors sidestep bullion  

16 May 2013, 9.11 pm  |  Source: Reuters

Gold hit a four-week low on Thursday, declining for a sixth straight day for the first time in more than four years, as investors spooked by recent pr...

Sell MCX Gold June; target Rs 25700: Geojit Comtrade  

16 May 2013, 7.50 pm  |  Source: Moneycontrol.com

Geojit Comtrade has come out with its report on metals and energy. According to the research firm, one can sell sell MCX Gold June contract with a sto...

MCX Goldpetal May contract declines  

16 May 2013, 4.35 pm  |  Source: Moneycontrol.com

MCX Goldpetal prices have moved down Rs 412, or 13.72 percent in the May series so far. At 16:12 hrs MCX GOLDPETAL May contract was trading at Rs 2591...

MCX Silvermic June contract slips 2.2%  

16 May 2013, 4.35 pm  |  Source: Moneycontrol.com

MCX Silvermic prices have moved down Rs 23132, or 35.32 percent in the June series so far. MCX SILVERMIC June contract was trading at Rs 42369 down Rs...

Silver prices today: Updates on Silver rates  

16 May 2013, 3.54 pm  |  Source: Moneycontrol.com

Silver prices were trading lower. In Mumbai market, spot silver 999 prices were down by Rs 1920 at Rs 43835 per one kilogram....

Gold hits one-month low, eyes longest downturn since 2009  

16 May 2013, 3.25 pm  |  Source: Reuters

If gold ends lower on the day, it would be its longest losing streak since March 2009. The drops have already helped to fuel another scramble for bull...

MCX Goldguinea June contract slips 1.5%  

16 May 2013, 3.09 pm  |  Source: Moneycontrol.com

MCX Goldguinea prices have moved down Rs 3330, or 13.76 percent in the June series so far. At 14:07 hrs MCX GOLDGUINEA June contract was trading at Rs...

MCX Silverm June contract plunges 2%  

16 May 2013, 3.03 pm  |  Source: Moneycontrol.com

MCX Silverm prices have moved down Rs 23858, or 35.99 percent in the June series so far. At 14:12 hrs MCX SILVERM June contract was trading at Rs 4242...