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View: A tale of two methodologies

As the survey methodologies are different for PLFS and CMIE, it is useful to compare the datasets and undertake some simple smell test ...
The Economic Times
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| 27 February, 2021, 03:05 AM IST | E-Paper
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    Crude oil futures rise on spot demand

    On the Multi Commodity Exchange, crude oil for March delivery traded higher by Rs 57, or 1.25 per cent, at Rs 4,625 per barrel in 5,929 lots.

    Silver futures up on spot demand

    On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 180, or 0.26 per cent, to Rs ...

    Gold futures decline on low spot demand

    On the Multi Commodity Exchange, gold for the April delivery fell Rs 151, or 0.32 per cent, to Rs 46,371 per 10 grams in a business turnover of 13,350 lots.

    • On the Multi Commodity Exchange, zinc contracts for March delivery traded higher by 85 paise, or 0.38 per cent, to Rs 226.95 per kg with a business turnover of 2,222 lots.

      The opening of schools, offices, hotels, and restaurants has revived institutional sales.

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

      On the National Commodity and Derivatives Exchange, soybean contracts for March delivery fell Rs 19, or 0.39 per cent, to Rs 4,872 per quintal with an open interest of 1,95,985 lots.

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

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

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

      In the international market, gold was trading 0.81 per cent lower at $1,784.50 per ounce in New York.

      On the Multi Commodity Exchange, silver contracts for the March delivery tumbled by Rs 134, or 0.19 per cent, to Rs 69,238 per kg in a business turnover of 12,641 lots.

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

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

      A firm trend at the spot market supported the prices.

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