Commodity Market Updates News-11 Nov 2014

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Gold:- Gold prices fell by Rs 55 to Rs 26,395 per ten gram in the national capital on Monday owing to slackened demand from jewellers and retailers at existing higher levels, amid a weak global trend.

Silver:- Silver ready also eased by Rs 50 to Rs 35,500 per kg, while weekly-based delivery strengthened by Rs 230 to Rs 35,025 per kg on speculative buying.

Energy:- On Tuesday afternoon, BHP announced it will export a 650kb cargo of processed condensate without approval from the BIS. This is a significant new development in the crude export saga.

Precious Metals:- Gold slipped nearly 1% early on Monday after a short covering rally in the previous session, fuelled by a softer-than-expected US jobs report, showing that the metal was still not out of the woods.

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