<?xml version="1.0" encoding="UTF-8"?>
<rss xmlns:media="http://search.yahoo.com/mrss/" xmlns:content="http://purl.org/rss/1.0/modules/content/" version="2.0">
  <channel>
    <title>Business Recorder - Markets - Commodities</title>
    <link>https://www.brecorder.com/</link>
    <description>Business Recorder</description>
    <language>en-Us</language>
    <copyright>Copyright 2026</copyright>
    <pubDate>Thu, 13 Aug 2026 14:16:19 +0500</pubDate>
    <lastBuildDate>Thu, 13 Aug 2026 14:16:19 +0500</lastBuildDate>
    <ttl>60</ttl>
    <item xmlns:default="http://purl.org/rss/1.0/modules/content/">
      <title>India copper, gold futures seen higher</title>
      <link>https://www.brecorder.com/news/8150/india-copper-gold-futures-seen-higher</link>
      <description>&lt;p class="MsoPlainText"&gt;&lt;img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt="  " src="https://i.brecorder.com/images/stories/pics2011/mar/Copper-Sheet_400.jpg" width="400" height="300" /&gt;MUMBAI: India copper futures are likely to edge higher, paring the previous session's more-than-1.5-percent loss, following overseas markets, though a strong rupee could limit the upside in prices, analysts said.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The most-active copper for April delivery on the Multi Commodity Exchange (MCX) closed 1.7 percent lower at 427.85 rupees per kg, after an intra-day low of 426.60 rupees.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;London copper prices edged higher, but Shanghai futures extended losses after weak import data from the world's top commodity buyer and soft housing data in the United States.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The rupee plays an important role in determining the landed cost of the red metal, which is quoted in dollars.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"The upside in prices may not last due to slowdown in China. Selling could be done at 432, for a target of 424 rupees," said Kunal Shah, assistant vice-president with Nirmal Bang Commodities.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;GOLD&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;India's gold futures are likely to extend gains on Tuesday morning following overseas markets, but a strong rupee is expected to limit the upside, analysts said.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;The most-active gold for April delivery on the MCX closed 0.5 percent higher at 20,953 rupees per 10 grams.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;Overseas gold prices edged higher, supported by a weak dollar and firm oil prices, as the unrest in the Middle East and North Africa intensified and Japan continued its efforts to control the nuclear crisis.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;"There could be more upside seen in gold due to geo-political tensions," said Shah, adding buying could be done at 20,940, for a target of 21,040 rupees.&lt;/p&gt;
&lt;p class="MsoPlainText"&gt;&lt;Center /&gt;&lt;b&gt;&lt;i&gt;Copyright Reuters, 2011&lt;/b&gt;&lt;/i&gt;&lt;br /&gt;&lt;/center&gt;&lt;/p&gt;
</description>
      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p class="MsoPlainText"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt="  " src="https://i.brecorder.com/images/stories/pics2011/mar/Copper-Sheet_400.jpg" width="400" height="300" />MUMBAI: India copper futures are likely to edge higher, paring the previous session's more-than-1.5-percent loss, following overseas markets, though a strong rupee could limit the upside in prices, analysts said.</p>
<p class="MsoPlainText">The most-active copper for April delivery on the Multi Commodity Exchange (MCX) closed 1.7 percent lower at 427.85 rupees per kg, after an intra-day low of 426.60 rupees.</p>
<p class="MsoPlainText">London copper prices edged higher, but Shanghai futures extended losses after weak import data from the world's top commodity buyer and soft housing data in the United States.</p>
<p class="MsoPlainText">The rupee plays an important role in determining the landed cost of the red metal, which is quoted in dollars.</p>
<p class="MsoPlainText">"The upside in prices may not last due to slowdown in China. Selling could be done at 432, for a target of 424 rupees," said Kunal Shah, assistant vice-president with Nirmal Bang Commodities.</p>
<p class="MsoPlainText">GOLD</p>
<p class="MsoPlainText">India's gold futures are likely to extend gains on Tuesday morning following overseas markets, but a strong rupee is expected to limit the upside, analysts said.</p>
<p class="MsoPlainText">The most-active gold for April delivery on the MCX closed 0.5 percent higher at 20,953 rupees per 10 grams.</p>
<p class="MsoPlainText">Overseas gold prices edged higher, supported by a weak dollar and firm oil prices, as the unrest in the Middle East and North Africa intensified and Japan continued its efforts to control the nuclear crisis.</p>
<p class="MsoPlainText">"There could be more upside seen in gold due to geo-political tensions," said Shah, adding buying could be done at 20,940, for a target of 21,040 rupees.</p>
<p class="MsoPlainText"><Center /><b><i>Copyright Reuters, 2011</b></i><br /></center></p>
]]></content:encoded>
      <category>Markets</category>
      <guid>https://www.brecorder.com/news/8150</guid>
      <pubDate>Tue, 22 Mar 2011 12:59:55 +0500</pubDate>
      <author>none@none.com (Imad Uddin)</author>
    </item>
  </channel>
</rss>
