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Weakness persists in commodity markets
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Caution prevailed over global commodity markets ahead of the European Union Summit. Investors were waiting for cues as to whether EU
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Silver futures seen subdued on strong dollar, but weak rupee prevents sharp fall
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Earlier in the year, analysts tracking silver futures predicted a declining trend in the underlying. But the rupee's slide against the dollar has prevented a sharp fall in prices.
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Gold futures rise to Rs 28,098 per 10 gm
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Gold prices recovered by Rs 136 to Rs 28,098 per 10 gm at the futures trade today, as speculators created fresh positions after the precious metal rebounded in global markets.
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Gold price may cross Rs 30,000 in June-Aug: Assocham
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Gold prices in the domestic market may cross Rs 30,000 per 10 grams during the June-August quarter registering a strong recovery, according to industry body Assocham.
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Commodity markets remain weak
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Worries over the Euro zone debt crisis and political turmoil in Greece continue to hold sway over commodity markets. Investors remained risk averse, pushing commodities further lower.
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Silver and Gold end negative
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The precious metals crashed on the domestic Bullion market today, with Silver slumping by Rs 1110 per kg to Rs 52,440 and Gold eased by Rs 165 per ten gm to Rs 27,940 following lack of buying
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Silver futures fall to Rs 52,278 per kg
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Amid a weak trend in overseas markets, silver prices fell 1.28 per cent to Rs 52,278 per kg at the futures trade today.
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Weak trend persists in commodity markets
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Although the broad sentiments remained negative, commodity markets shed their losing streak on news of a rebound in the euro.
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Gold futures down at Rs 27,918 per 10 gm
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Gold prices fell Rs 218 to Rs 27,918 per 10 gm at the futures trade today as speculators indulged in trimming their positions after the precious metal dropped to the lowest level in global markets.
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Precious metals continue negative trend
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The precious metals continued their downslide at the domestic bullion market today, with Silver slumping by Rs 140 per kg to Rs 53,550 and Gold eased by Rs 75 per ten gm to Rs 28,105 following limited buying enquiries from industrial users
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Gold futures down at Rs 28,055 per 10 gm
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Gold futures prices fell Rs 189 to Rs 28,055 per 10 gm today, as speculators offloaded their positions after the precious metal dropped to an year’s low in overseas markets.
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Electronics market may cross Rs 20 lakh cr by 2020: Assocham
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The electronics market is expected to cross Rs 20 lakh crore by 2020, The Associated Chambers of Commerce and Industry of India said today.
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Weak sentiments drive commodity markets
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Weak global and domestic sentiments continued to plague the commodity markets.
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Volume dips at Coonoor tea auction
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A volume of 9.18 lakh kg will be offered at Sale No 18 of the auctions of Coonoor Tea Trade Association to be held on Thursday and Friday, reveals an analysis of listing by brokers.
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Global woes dictate commodity market trends
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Ambiguity continues to exist in the commodity markets over the Euro Zone debt crisis after the French and Greek elections kept markets under pressure.
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MCX Gold June contract may dip to Rs 28,400
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Gold futures on MCX opened lower at Rs 28,606 per 10 grams against yesterday's close of Rs 28,651.
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Turmeric market agog with talk of NAFED buy
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Speculation that the National Agricultural Cooperative Marketing Federation (NAFED) is likely to buy huge quantities of turmeric was rife in Erode markets on Monday. However, it did not help lift prices that are currently ruling lower.
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Major currencies down
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Following are the indicative currency notes and travellers cheque selling rates as given by Thomas Cook India Ltd.
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Silver, Gold prices crash, end negative
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The precious metals crashed today as Silver tumbled by Rs 420 to Rs 56,030 per kg and Gold dropped by Rs 270 to Rs 29,040 per ten gm on sustained selling by stockists,
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MCX gold may open at Rs 28,900 per 10 gm
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Gold may remain weak on strong dollar and a firm opening in the Asian markets.
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Base metals under pressure
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The rollback of excise duty on gold jewellery and deferring of tax avoidance bill by another year could guide the domestic commodity market sentiment today.
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Pepper market sees mixed trend
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The pepper market last week witnessed a series of measures aimed at arresting highly speculative activities in the trade,
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Commodity markets may witness mixed sentiments
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After a week of some recovery at the base metals counter and lower quotes in rupee and crude, sentiments are likely to remain mixed at the commodity markets this week too.
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MCX gold may open lower at Rs 29,050/10 gm
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Gold for July contract at the Multi Commodity Exchange may open lower at Rs 29,050 per 10 grams against Saturday’s close of Rs 29,170.
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MCX gold June contract may open lower
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MCX gold June contract may open at Rs 28,880 per 10 grams against yesterday’s close of at Rs 29,030.
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