Gold Futures Up On Firm Global Cues

Gold futures were trading up in the afternoon trade in the domestic market on Tuesday as speculators raised their bets amid a firming trend overseas. Analysts said raising of bets by participants, tracking a firming trend in the global markets as the weakness in the dollar boosted demand for the safe-haven, influenced gold at futures trade.
At the MCX, gold futures for August 2017 contract is trading at Rs 28565 per 10 grams, up by 0.17 per cent, after opening at Rs 28538, against a previous close of Rs 28516. It touched the intra-day high of Rs 28569.
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Lead Futures Up Amid Rising Demand

Lead futures were trading higher during the afternoon trade in the domestic market on Friday as participants created fresh positions, taking positive cues from spot market on pick-up in demand. Marketmen said building up of positions by traders backed by upsurge in demand from battery-makers at domestic spot market, supported the upside in lead prices at futures trade.
At the MCX, lead futures for July 2017 contract was trading at Rs 142 per kg, up by 0.46 per cent, after opening at Rs 141.60, against a previous close of Rs 141.35. It touched the intra-day high of Rs 142.10 (at 12:30 hours).
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Zinc Futures Rise On Pickup In Demand

Zinc futures were trading higher during the afternoon trade in the domestic market on Wednesday as speculators created fresh positions on pick-up in demand from consuming industries at the spot markets. Market analysts attributed the rise in zinc futures to fresh bets created by participants on the back of rising demand at the domestic spot market.
At the MCX, zinc futures for July 2017 contract is trading at Rs 179.50 per kg, up by 0.17 per cent, after opening at Rs 178.65, against a previous close of Rs 179.20. It touched the intra-day high of Rs 179.65.
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Copper Futures Slide 0.39% On Tepid Demand

Copper futures were trading lower during the noon trade in the domestic market on Tuesday as traders indulged in reducing their positions. Analysts attributed the fall in copper prices at futures trade to a weak trend in base metals at the domestic spot markets due to low demand from consuming industries.
At the MCX, copper futures for August 2017 contract is trading at Rs 387.80 per kg, down by 0.39 per cent, after opening at Rs 389.05, against a previous close of Rs 389.30. It touched the intra-day low of Rs 387.00.
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Yellow Metal Up Amid Subdued Equity Market

Gold futures were trading higher in the domestic market on Tuesday on account of buying in precious metals by jewellers, industries and retailers amid subdued equity markets. The recent softer economic data raised the speculation that the Federal Reserve may be reluctant to increase interest rates quickly, invariably leading to the rise in gold prices.
At the MCX, gold futures for August 2017 contract is trading at Rs 28141 per 10 grams, up by 0.07 per cent, after opening at Rs 28138, against a previous close of Rs 28120. It touched the intra-day high of Rs 28205.
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Oil Prices Ease On Signs Of Steady Output From Some Producers

Oil prices were about 1 percent lower on Monday as investors continued to await strong indications that an OPEC-led effort to drain a glut was proving effective but output increases in some top producers eased, keeping losses in check.
Libya’s national oil production stood at 1.03 million barrels per day (bpd), little changed from its level since the end of last month, an oil industry official said.
U.S. drillers added two oil rigs in the week to July 14, bringing the total to 765, Baker Hughes said on Friday.Rig additions over the past four weeks averaged five, the slowest pace of growth since November.
Still, U.S. shale oil production was forecast to rise for the eighth consecutive month, climbing 112,000 barrels per day (bpd) to 5.585 million bpd in August.
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Lead Futures Dip On Subdued Demand

Lead futures were trading lower during the afternoon trade in the domestic market on Friday as participants reduced their exposure amid subdued demand from consuming industries in the spot market. Marketmen said the weakness in lead futures was due to a sluggish demand from battery-makers at the domestic markets.
At the MCX, lead futures for July 2017 contract were trading at Rs 146.75 per kg, down by 0.14 per cent, after opening at Rs 146.75, against a previous close of Rs 146.95. It touched the intra-day low of Rs 146.25 (at 12:28 hours).
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