Iron ore dropped for a seventh day, the longest losing run in more than three months, as the biggest consumer China may slow buying because of increased stockpiles.
New Delhi: Silver prices tumbled by Rs 1,300 to Rs 53,000 per kg in the national capital today on emergence of profit-selling by stockists amid weak global trend. Gold prices, however, held steady at Rs 26,640 per 10 gram in restricted trade. Traders
A new Indonesian policy that stipulates benchmarking of coal prices to international market rates is likely to increase the cost of coal imports from that country for Indian firms, Parliament was informed today.
State-run Coal India today toppled Reliance Industries as the country's most valued company, ending billionaire Mukesh Ambani-led corporate giant's over four-year rein at the top of the market valuation charts.
Amid a weakening trend overseas and sluggish local demand, copper and nickel prices fell further by Rs 5 per kg in the local non-ferrous metal market on Saturday.
Acute coal shortage could adversely impact the fast-growing power sector, which is expected to see a capacity addition of up to 1,00,000 MW during the 2012-17 period, according to industry body CII.
Silver and gold prices fell further at the bullion market on moderate selling by stockists and investors amidst continuing bearishness in the global markets.
Silver ready (.999 fineness) declined by Rs 125 per kg to end at Rs 51,585 from Friday's level of Rs 51,710.
