INDORE, India -- COMMODITY WRAPUP

GOLD

Snapping its two-day fall, gold prices yesterday soared by Rs

575 to Rs 31,625 per tengram on fresh buying by stockists at

current lower levels for the ongoing marriage season amid a

firming global trend. At the Multi Commodity Exchange, gold

ordeliveryinDecembertraded Rs 249, or 0.49%, higher at Rs

30,320 per 10 gram in business turn- over of 643 lots. Gold

futures prices today recov- ered by 0.49% to Rs 30,320 per

10gram

SILVER

Silver prices also shot up by Rs 790 to Rs 45,790 per kg on increased off take by jeweler fabricators and industrial units. At the Multi Commodity Ex- change, silver for delivery in December traded higher by Rs 436, or 0.98%, to Rs 44,936 per kg in business turnover of 987 lots. Silver prices also rose by 0.98% to Rs 44,936 per kg in futures trade yes- terday largely in tune with a recovery trend in pre-

cious metals overseas.

CRUDEOIL

MCX CRUDEOIL December contract was closed at Rs 5894 up Rs 2, or 0.03 percent. The

CRUDEOIL rate touched an intraday high of Rs 445.30 and an intraday low of Rs 442.40. So far 55707 contracts have been traded. Oil rose ahead of a US supply report that might show an im- provement in demand. Brent futures held near $111 a barrel on Tuesday as supply concerns crept back, with investors judging the historic deal between Iran and world powers would not

result in an immediate increase in shipments.

COPPER

MCX COPPER November contract was closed at Rs 444 down Rs 0.75, or 0.17 percent. The COP- PER rate touched an intraday high of Rs 445.30 and an intraday low of Rs 442.40. So far 22101 contracts have been traded. Indian Copper is tugged in a trading range of Rs 428-447 per kg from last two weeks. On Tuesday. MCX Copper for November delivery was seen trading side- ways with less volatility.

SPECIAL NEWS

The consumer confidence index fell in No- vember to 70.4 from 71.2 from in October, as Americans grew somewhat more worried about future employment and income pros- pects, the Conference Board said Tuesday.

Asian oil demand is spurring the region’s re- fineries to charter the most supertankers in a year, driving shipping rates to the highest level since 2010.

Indian manufacturing sector is showing signs of recovery than any other country like China or US.

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