Mcx Commodity Market News : Morning Session - 26.08.2016
Free Mcx Commodity Trend Update ( Call - 9094047040)
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Keep Refresh for Fresh Tips
Crude oil rises on Iranian production sentiment
26/08/2016 08:53
CRUDEOIL: UP TREND
Crude oil futures closed higher in the domestic market on Thursday in the wake of a larger-than-expected increase in U.S. crude inventories. The news that Iranian production had stalled sent the bulls out in force once again. According to the latest data published by the country's state oil company, production for July came in at 3.85m barrels per day (bpd), little changed from the 3.8m bpd noted in June. At the MCX, Crude oil futures for September 2016 contract closed at Rs. 3164 per barrel, up by 0.51 per cent, after opening at Rs. 3242, against the previous closing price of Rs. 3148. It touched the intra-day high of Rs. 3179.
Silver down on feeble global cues
26/08/2016 08:52
SILVER: DOWN TREND
Silver futures closed lower in the domestic market on Thursday as participants engaged in trimming their positions taking weak cues from global market. Marketmen attributed the fall in silver prices at the futures trade to a weak trend in the precious metals overseas as the dollar rebounded after a Federal Reserve policy maker said the US economy is strong enough to warrant an increase in interest rates soon. At the MCX, Silver futures for September 2016 contract closed at Rs 43,665, per 1 kg, down by 0.23 per cent after opening at Rs 43,850, against the previous closing price of Rs 43,766. It touched the intra-day low of Rs 43,521.
Gold dips as Yellen speech eyed
26/08/2016 08:52
GOLD: DOWN TREND
Gold futures closed lower in the domestic market on Thursday as investors anticipated clarity this week on the near-term path for interest rates. Precious metals and the dollar have vacillated amid shifting expectations about the U.S. Federal Reserve’s interest-rate policy, ahead of a closely watched retreat in Jackson Hole, Wyo., where Fed Chairwoman Janet Yellen will speak later today. At the MCX, Gold futures for October 2016 contract closed at Rs 30,945, per 10 gram, down by 0.33 per cent after opening at Rs 31,029, against the previous closing price of Rs 31,046. It touched the intra-day low of Rs 30,851.
