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| 31 October, 2020, 08:56 PM IST | E-Paper
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    News

    Oil falls on demand concerns, posts second monthly decline

    U.S. West Texas Intermediate (WTI) crude fell 38 cents to settle at $35.79 a barrel, after dipping to its lowest since June on Thursday at $34.92.

    Volatile oil prices poised for second monthly decline

    U.S. West Texas Intermediate (WTI) crude fell 4 cents to $36.13 after dipping to its lowest since June on Thursday. It is on track for an 11% monthly decline while Brent heads for an 8% drop.

    Indian jewellers gear up for next festival as gold sales pick pace

    "Dussehra sales gave confidence to jewellers. They're now buying for Diwali," said a Mumbai-based dealer with a bullion importing bank.

    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.

    Coriander futures decline on low demand

    Market analysts said subdued demand in spot market mainly led to decline in coriander prices here.

    Nickel futures slide on tepid demand

    Analysts said subdued demand in spot market mainly led to the fall in nickel futures prices.

    BULL'S EYE

    Gold jumps Rs 268; silver gains Rs 1,623

    Silver also witnessed increased buying as it gained Rs 1,623 to Rs 60,700 per kg from Rs 59,077 per kg in the previous trade.

    Copper futures fall on weak demand

    Analysts said trimming of positions by speculators due to muted demand in spot market mainly led to the fall in copper prices here.

    Aluminium futures up on spot demand

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

    Zinc futures down on muted demand

    Analysts said offloading of positions by participants owing to slackened demand from consuming industries in the physical market mainly weighed on zinc prices here.

    Gold futures gain on spot demand

    Gold futures gain on spot demand

    Fresh positions built up by participants led to the rise in gold prices, analysts said.

    Silver futures up on spot demand

    Silver futures up on spot demand

    Analysts said the rise in silver prices was mostly due to fresh positions built up by participants on a positive domestic trend.

    Crude oil futures rise on spot demand

    Crude oil futures rise on spot demand

    Analysts said raising of bets by participants kept crude oil prices higher in futures trade.

    Commodity strategies: Gold, silver, crude, base metals

    Commodity strategies: Gold, silver, crude, base metals

    The continued rise in the dollar index pressured commodity prices to trade lower.

    Commodity outlook: How gold, silver, oil and agri-commodities might trade

    Commodity outlook: How gold, silver, oil and agri-commodities might trade

    Gold was up 0.37 per cent while silver gained 0.68 per cent. All base metals were trading with gains, led by copper that rose 0.24 per cent. Crude oil was flat and its peer natural gas rose 0.73 per cent.

    Trading strategies for gold and silver

    Trading strategies for gold and silver

    Major support for gold remains around Rs 50,100. Only failure to hold Rs 50,100 might trigger further selling in the yellow metal.

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