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| 28 October, 2020, 10:33 PM IST | E-Paper
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    Oil plunges 5% as coronavirus cases surge, US crude stockpiles swell

    Brent futures fell $2.07, or 5.0%, to $39.13 a barrel by 10:13 a.m. EDT (1413 GMT), while U.S. West Texas Intermediate (WTI) crude fell $2.27, or 5.7%, to $37.30.

    Gold slides on dollar rally as virus fears grip Wall Street

    Spot gold hit its lowest since Sept. 28 at $1,872.55 per ounce before recovering to $1,876.01 by 10:09 a.m. EDT (1409 GMT). U.S. gold futures fell 1.9% to $1,876.20.

    Gold loan NBFCs to witness 15-18% growth in FY21: Crisil

    Gold loans would be preferred also because NBFCs and banks have tightened their underwriting norms for other loans, leading to cautious lending to micro and small enterprises, traders and the self-employed.

    Gold gains Rs 188; silver rises Rs 342

    "Gold prices in India traded higher for the day with spot gold prices for 24 karat in Delhi rising by Rs 188 on a sharp rupee depreciation," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

    Copper futures rise marginally on fresh bets

    Analysts attributed the rise in copper prices to raising of bets by participants, driven by a pick-up in spot demand.

    Zinc futures rise on spot demand

    Marketmen said widening of positions by participants following pick up in demand from consuming industries kept zinc prices higher in futures trade.

    BULL'S EYE

    Aluminium futures up on spot demand

    Analysts said fresh positions created by traders after some demand from consumer industries supported aluminium prices.

    Crude oil futures decline on low demand

    Globally, West Texas Intermediate crude oil was trading 2.98 per cent lower at USD 38.39 per barrel, while Brent crude declined 2.43 per cent to USD 40.20 per barrel in New York.

    Silver futures drop on subdued demand

    Silver was trading flat at USD 24.57 per ounce in New York.

    Gold futures ease on low demand

    Gold was trading 0.20 per cent down at USD 1,908.10 per ounce in New York.

    Coriander futures rise on spot demand

    Coriander futures rise on spot demand

    A firm trend in spot market and restricted supplies from producing regions pushed up coriander prices here, market analysts said.

    Cottonseed oil cake futures rise on fresh bets

    Cottonseed oil cake futures rise on fresh bets

    Marketmen said raising of positions by participants amid a rising demand from cattle-feed makers mainly influenced cottonseed oil cake prices here.

    Oil falls 2% as rise in US crude stocks fans oversupply fears

    Oil falls 2% as rise in US crude stocks fans oversupply fears

    "The higher-than-expected build in U.S. crude stocks prompted fresh selling, while concerns over supply disruption from Hurricane Zeta have receded," said Hiroyuki Kikukawa, general manager of research at Nissan Securities.

    Trading strategies for gold & silver

    Trading strategies for gold & silver

    MCX GOLD is trading in a broad range of Rs 50,540-51,200 since last few sessions. The price has failed to move either side of the consolidation zone.

    Guar gum futures fall on low demand

    Guar gum futures fall on low demand

    Marketmen said slackness in demand in the spot market and increased supplies from growing regions put pressure on guar gum prices.

    Refined soya oil futures fall on low demand

    Refined soya oil futures fall on low demand

    Market analysts said cutting down of positions by participants against ample stocks mainly influenced refined soya oil prices.

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