Mcx Commodity Market News : Morning Session - 1.9.2016
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Silver up on firm global cues
01/09/2016 08:53
SILVER: DOWN TREND
Silver futures closed higher in the domestic market on Wednesday as speculators widened their bets amid a strong trend overseas. Market analysts said speculative position built up by participants, driven by firm global trend, mainly attributed to the rise in silver prices at futures trade. At the MCX, Silver futures for September 2016 contract closed at Rs 44,016, per 1 kg, up by 0.08 per cent after opening at Rs 44,258, against the previous closing price of Rs 43,980. It touched the intra-day high of Rs 44,415.
Crude oil dips on increase in crude inventory
01/09/2016 08:53
CRUDEOIL: DOWN TREND
Crude oil futures closed lower in the domestic market on Wednesday after a U.S. government report revealed a bigger-than-expected weekly increase in crude inventories. Domestic production, meanwhile, showed a decline and with some in the market holding out hopes that major oil producers will take action to stabilize the market, oil prices managed to keep a sizable gain for the month. At the MCX, Crude oil futures for September 2016 contract closed at Rs. 3002 per barrel, down by 3.94 per cent, after opening at Rs. 3129, against the previous closing price of Rs. 3125. It touched the intra-day low of Rs. 2996.
Gold dips on Fed rate hike fears
01/09/2016 08:52
GOLD: DOWN TREND
Gold futures closed lower in the domestic market on Wednesday as a private-sector hiring snapshot boosted expectations for an interest-rate hike from the Federal Reserve. The dollar rose and precious metals fell Tuesday and early Wednesday after Federal Reserve Vice Chairman Stanley Fischer reiterated that the central bank could raise interest rates more than once in the coming months, provided U.S. economic data remains solid. At the MCX, Gold futures for October 2016 contract closed at Rs 30,714, per 10 gram, down by 0.35 per cent after opening at Rs 30,840, against the previous closing price of Rs 31,821. It touched the intra-day low of Rs 30,670.
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
Silver up on firm global cues
01/09/2016 08:53
SILVER: DOWN TREND
Silver futures closed higher in the domestic market on Wednesday as speculators widened their bets amid a strong trend overseas. Market analysts said speculative position built up by participants, driven by firm global trend, mainly attributed to the rise in silver prices at futures trade. At the MCX, Silver futures for September 2016 contract closed at Rs 44,016, per 1 kg, up by 0.08 per cent after opening at Rs 44,258, against the previous closing price of Rs 43,980. It touched the intra-day high of Rs 44,415.
Crude oil dips on increase in crude inventory
01/09/2016 08:53
CRUDEOIL: DOWN TREND
Crude oil futures closed lower in the domestic market on Wednesday after a U.S. government report revealed a bigger-than-expected weekly increase in crude inventories. Domestic production, meanwhile, showed a decline and with some in the market holding out hopes that major oil producers will take action to stabilize the market, oil prices managed to keep a sizable gain for the month. At the MCX, Crude oil futures for September 2016 contract closed at Rs. 3002 per barrel, down by 3.94 per cent, after opening at Rs. 3129, against the previous closing price of Rs. 3125. It touched the intra-day low of Rs. 2996.
Gold dips on Fed rate hike fears
01/09/2016 08:52
GOLD: DOWN TREND
Gold futures closed lower in the domestic market on Wednesday as a private-sector hiring snapshot boosted expectations for an interest-rate hike from the Federal Reserve. The dollar rose and precious metals fell Tuesday and early Wednesday after Federal Reserve Vice Chairman Stanley Fischer reiterated that the central bank could raise interest rates more than once in the coming months, provided U.S. economic data remains solid. At the MCX, Gold futures for October 2016 contract closed at Rs 30,714, per 10 gram, down by 0.35 per cent after opening at Rs 30,840, against the previous closing price of Rs 31,821. It touched the intra-day low of Rs 30,670.
