Mcx Commodity News for Crude,Silver,copper,gold - 01.08.2016
Crude oil futures down as global supplies rise 01/08/2016 14:22
Crudeoil : Down Trend
Crude oil futures fell during the afternoon trade in the domestic market on Monday as participants exited positions in the energy commodity over several bearish reports, including rising output from Organization of the Petroleum Exporting Countries (OPEC), a rise in the US drilling and weak economic data from Asia. At the MCX, crude oil futures for August 2016 contract is trading at Rs 2,770 per barrel, down by 0.43 per cent
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Silver futures zoom 0.91% on overseas cues 01/08/2016 14:05
Silver : Up Trend
Silver futures were trading higher during the afternoon trade in the domestic market on Monday as traders widened their bets tracking a firm trend at global markets. Silver rallied as speculative position created by participants, driven by firm global trend as the dollar weakened and the US economy grew less-than-expected in the second quarter, boosting demand for the precious metals as a store of value, supported the prices of white metal at the futures trade.At the MCX, silver futures for September 2016 contract is trading at Rs 47,911 per kg, up by 0.91 per cent
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Copper futures rise 0.70% on strong demand 01/08/2016 13:51
Copper : Up Trend
Copper futures were trading higher during the afternoon trade in the domestic market on Monday as speculators widened their positions in the industrial metal amid increase in demand at the domestic spot markets. The prices of copper rose at futures trade led by an upward trend in base metals at the spot markets due to surge in demand from consuming industries. At the MCX, copper futures for August 2016 contract is trading at Rs 332 per kg, up by 0.70 per cent,
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Yellow metal loses sheen on global cues 01/08/2016 13:45
Gold Likely to enter buy zone if breaks above : 31530
Gold futures were trading lower during the afternoon trade in the domestic market on Monday as traders indulged in offloading their positions to book profits at existing levels amidst weakness in precious metals in the global markets. Traders indulged in profit-booking following a weak trend in overseas markets amid weakness in the US dollar against other currencies, influenced the downtrend in gold futures. At the MCX, gold futures for August 2016 contract is trading at Rs 31,445 per 10 grams, down by 0.33 per cent,
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