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Gold Live Updates Gold hit a one-week high on Friday, extending gains into a second straight session as Spain's economic reform plan eased investor nervousness over euro zone finances, while firmer oil prices also lent support. Spot gold is headed for an 11.5-percent rise in the third quarter, its biggest such gain since the second quarter of 2010, buoyed by recent stimulus measures from the U.S. Federal Reserve and the European Central Bank. Bullion is used as a hedge against higher inflation outlook triggered by easy monetary policy. Spain's budget plan set the stage for a bailout request, bringing relief to investors skittish over Madrid's finances and euro zone's ability to contain its debt crisis. The euro firmed against the dollar after the news, boosting commodities priced in the greenback. Copper Updates London copper inched up on Friday after Spain moved to buttress its economy, but was on course for its second weekly loss in a row as the impact of central ba

Copper Updates London copper slipped on Wednesday, partially reversing gains of more than 1 percent in the prior session, as anti-austerity protests in Spain revived concerns over the euro zone debt crisis and the demand outlook for industrial metals. The protests in Spain, where the government is likely to set a fresh timetable for economic reforms later this week, highlight the country's financing challenges and stirred doubts among investors about whether it would have the political will to apply for an official bailout. Three-month copper on the London Metal Exchange was down 0.8 percent at $8,210.50 per tonne by 0705 GMT, after rising 1.1 percent in the previous session. In MCX Commodity expert feel copper, Rs 440 per kilogram is holding over the last couple of trading days despite the negative fundamentals. He believes that on the upside, the resistance near Rs 446 per kilogram remains strong.

Gold Live News Gold edged up on Wednesday as recent stimulus measures by central banks supported bullion's appeal as a hedge against inflation, although a firm dollar and a shift in investor focus to the euro zone debt crisis capped gains. Moves by the European Central Bank and the Federal Reserve to ease monetary policy propelled gold to a 6-1/2-month high near $1,790 an ounce last week, but failed to send it above the key $1,800 level as investors looked for fresh stimulant. Spot gold inched up 0.2 percent to $1,763.36 an ounce by 0353 GMT. U.S. gold traded nearly flat at $1,766. Beyond the immediate consolidation, gold is expected to draw more interest as investors seek a hedge against loose monetary policies that create a low interest rate environment and raise inflation outlook. Silver Live Updates Silver prices rose by Rs 176 to Rs 64,188 per kg in futures trading today on increased buying by speculators on higher global trend. At the Multi Commodity Exchange, silver for de

Stock Updates The BSE Sensex gained 20.33 points or 0.11% and settled at 18,693.67. The index touched a high and a low of 18,790.01 and 18,636.16 respectively. 11 stocks were seen advancing while 19 stocks were declining on the index (Provisional) The BSE Mid-cap index was up by 0.50% while Small-cap index was up 0.60%. (Provisional) On the BSE Sectoral front, Realty was up 2.35%, FMCG up by 2.13%, Consumer Durables was up 0.86%, Health Care up 0.60% and Power was up 0.54% were the top gainers, while Metal down 1.53%, Auto down by 0.61%, Oil & Gas down by 0.36% and PSU down by 0.19% were the only losers in the space. Nifty Live Updates The S&P CNX Nifty gained 7.15 points or 0.13% to settle at 5,676.75. The index touched high and low of 5,702.70 and 5,652.45 respectively. 23 stocks advanced against 27 declining ones on the index. (Provisional) The top gainers on the Nifty were Kotak Bank was up 3.17%, BHEL up 2.70%, HUL up 2.29%, Cipla up 2.18% and ITC was up 2.09%. On the ot

Silver Live Updates SILVERMIC prices on MCX gained today. At 10:54 hrs MCX SILVERMIC November contract was trading at Rs 62655.00 up Rs 223.00, or 0.36%. The SILVERMIC rate touched an intraday high of Rs 62760.00 and an intraday low of Rs 62492.00. So far 9215 contracts have been traded. SILVERMIC prices have moved up Rs 1765.00, or 2.90% in the November series so far. Silver assets in exchange-traded products are poised to expand to a record, joining the biggest- ever hoards of gold and platinum, as increased stimulus from the world’s central banks spurs investors to amass precious metals. The amount held in ETPs was 18,525.76 metric tons yesterday, 0.6 percent below the peak of 18,639.07 tons in April 2011, according to data compiled by Bloomberg. Silver, which also benefits from bets on economic recovery, has risen 22 percent this year, outperforming gold, platinum and palladium futures. At 10:54 hrs MCX SILVERMIC February contract was trading at Rs 64370.00 up Rs 229.00, or 0.36%