Friday 5 October 2012

Commodity Updates


Gold today jumped on signs of more demand in India, the biggest buyer for the coming festival and marriage season and a weakening dollar. The precious metal climbed 0.5 per cent to USD 1,786.22 an ounce and silver by 1.1 per cent to USD 34.96 an ounce on expectations the demand from India might pick up for approaching festivals like 'Navratras' and marriage season.

 Copper edged higher on Thursday, helped by a stronger euro on expectations Spain would seek a bailout to rescue its economy, although gains were capped by uncertainty about global growth while trading volumes were low as China remained on holiday. Benchmark copper on the London Metal Exchange (LME)shook off losses from the previous session to rise to $8,318 a tonne at 0917 GMT, up 0.3 percent from Wednesday's close of $8,290.

 Brent crude oil rose towards $109 per barrel on Thursday as expectations Spain would seek a bailout and better US data encouraged investors back into riskier assets such as oil and commodities. US light crude oil for November rose 50 cents to $88.64 a barrel, after dropping to its lowest since Aug. 3 in the previous session.
On Wednesday, Brent dropped 3 percent and US crude lost 4 percent as fears a delayed recovery in China and recession in the euro zone would limit energy demand.




MCX GOLD

 31242.0
Change
155.0
Open
31089.0
High
31250.0
Low
31089.0


INTERNATIONAL GOLD

 1,794.60
Change
-1.90
Open
1,792.60
High
1,798.10
Low
1,792.20


MCX SILVER

 62378.0
Change
273.0
Open
62250.0
High
62431.0
Low
62250.0
Times
10/05 11:40

INTERNATIONAL CRUDE

 112.11
Change
-0.47
Open
112.45
High
112.45
Low
111.82


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