04:50
SHARE MARKET REVIEW
CRUDE OIL
Crude for July delivery rose 28 cents, or 0.3 percent, to $91.14 a barrel in electronic trading on the New York Mercantile Exchange. The price is down 7.8 percent this year. There is no floor trading in New York today because of the Memorial Day holiday.
Brent oil for July settled at $107.11 a barrel, up 28 cents, on the London-based ICE Futures Europe exchange. Prices are down 10 percent this month.
GOLD
Gold is seen declining for the first time in three days in London on speculation Europe’s debt crisis will drive investors to the dollar, curbing demand for the metal as an alternative asset.Gold is up 0.9 percent this year after 11 consecutive annual increases. Bullion purchases by India may be about 50 metric tons to 60 tons this month, down from 102 tons a year earlier
SILVER
Silver traded higher by Rs 0.21 per cent to Rs 54,596 per kg in futures trade today. At the Multi Commodity Exchange, silver for delivery in July rose by Rs 117, or 0.21 per cent to Rs 54,596 per kg in business turnover of 13,349 lots.
COPPER
Copper for three-month delivery settled 0.6 percent higher at $7,685 a metric ton on the London Metal Exchange. Prices are down 8.5 percent this month, on course for the biggest drop since September. Copper for July delivery rose 0.6 percent to $3.4685 a pound on the Comex in New York, where floor trading was shut yesterday for the Memorial Day holiday.
Crude for July delivery rose 28 cents, or 0.3 percent, to $91.14 a barrel in electronic trading on the New York Mercantile Exchange. The price is down 7.8 percent this year. There is no floor trading in New York today because of the Memorial Day holiday.
Brent oil for July settled at $107.11 a barrel, up 28 cents, on the London-based ICE Futures Europe exchange. Prices are down 10 percent this month.
GOLD
Gold is seen declining for the first time in three days in London on speculation Europe’s debt crisis will drive investors to the dollar, curbing demand for the metal as an alternative asset.Gold is up 0.9 percent this year after 11 consecutive annual increases. Bullion purchases by India may be about 50 metric tons to 60 tons this month, down from 102 tons a year earlier
SILVER
Silver traded higher by Rs 0.21 per cent to Rs 54,596 per kg in futures trade today. At the Multi Commodity Exchange, silver for delivery in July rose by Rs 117, or 0.21 per cent to Rs 54,596 per kg in business turnover of 13,349 lots.
COPPER
Copper for three-month delivery settled 0.6 percent higher at $7,685 a metric ton on the London Metal Exchange. Prices are down 8.5 percent this month, on course for the biggest drop since September. Copper for July delivery rose 0.6 percent to $3.4685 a pound on the Comex in New York, where floor trading was shut yesterday for the Memorial Day holiday.
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