Mcx Commodity Market News: Evening Session - 20.9.2016
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Yellow metal shines as equities slide ahead of Fed meet
20/09/2016 12:27
Gold futures were trading higher during the noon trade in the domestic market on Tuesday as investors and speculators build up fresh positions in the precious metal as equities dragged down ahead of the much awaited central bank meetings in Japan and the US on Sept 20-21, in which interest rates are likely to remain unchanged.
Asian stocks slide as traders keenly eyed the outcomes of both the US central bank and Bank of Japan’s two-day policy meetings.
Thus, safe haven assets become more attractive for investors as compared to others. At the MCX, gold futures for October 2016 contract is trading at Rs 30,968 per 10 grams, up by 0.21 per cent, after opening at Rs 30,950, against a previous close of Rs 30,903. It touched the intra-day high of Rs 31,050 (at 12:08 hours).
Lead futures rise on pickup in demand
20/09/2016 12:05
Lead futures were trading higher during the noon trade in the domestic market on Tuesday as investors and speculators build up their positions in the industrial metal on account of pickup in physical demand for lead, from battery-makers, in the domestic spot market.
Further, a rise in demand from battery-makers in the domestic spot market, supported prices of lead at the domestic spot markets. At the MCX, lead futures for September 2016 contract is trading at Rs 131.10 per kg, up by 0.27 per cent, after opening at Rs 130.75, against a previous close of Rs 130.75. It touched the intra-day high of Rs 131.15 (at 12:01 hours).
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
Yellow metal shines as equities slide ahead of Fed meet
20/09/2016 12:27
Gold futures were trading higher during the noon trade in the domestic market on Tuesday as investors and speculators build up fresh positions in the precious metal as equities dragged down ahead of the much awaited central bank meetings in Japan and the US on Sept 20-21, in which interest rates are likely to remain unchanged.
Asian stocks slide as traders keenly eyed the outcomes of both the US central bank and Bank of Japan’s two-day policy meetings.
Thus, safe haven assets become more attractive for investors as compared to others. At the MCX, gold futures for October 2016 contract is trading at Rs 30,968 per 10 grams, up by 0.21 per cent, after opening at Rs 30,950, against a previous close of Rs 30,903. It touched the intra-day high of Rs 31,050 (at 12:08 hours).
Lead futures rise on pickup in demand
20/09/2016 12:05
Lead futures were trading higher during the noon trade in the domestic market on Tuesday as investors and speculators build up their positions in the industrial metal on account of pickup in physical demand for lead, from battery-makers, in the domestic spot market.
Further, a rise in demand from battery-makers in the domestic spot market, supported prices of lead at the domestic spot markets. At the MCX, lead futures for September 2016 contract is trading at Rs 131.10 per kg, up by 0.27 per cent, after opening at Rs 130.75, against a previous close of Rs 130.75. It touched the intra-day high of Rs 131.15 (at 12:01 hours).
