Mcx Commodity News for GOLD, SILVER, CRUDEOIL : Morning Session - 19.9.2016

Mcx Commodity Market News : Morning Session - 16.9.2016

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Crude oil dips on expected increase in exports
19/09/2016 08:58
CRUDEOIL: DOWN TREND
Crude oil futures closed lower in the domestic market on Friday as traders braced for an expected increase in oil exports from Libya and Nigeria. The news on the two OPEC producers come just over a week ahead of an informal meeting of major oil producers on the sidelines of an energy forum in Algeria set for Sept. 26-28. At the MCX, crude oil futures for September 2016 contract closed at Rs 2,884 per barrel, down by 2.17 per cent, after opening at Rs 2,925, against a previous close of Rs 2,948. It touched the intra-day low of Rs 2,873.

Silver down on weak global cues
19/09/2016 08:57
SILVER: DOWN TREND
Silver futures closed lower in the domestic market on Friday as participants cut down their bets taking weak cues from overseas markets. Traders attributed the fall in silver prices at the futures trade to a weak trend in global markets and profit-booking by speculators. At the MCX, silver futures for December 2016 contract closed at Rs 45,258 per kg, down by 0.83 per cent, after opening at Rs 45,540, against a previous close of Rs 45,638. It touched the intra-day low of Rs 45,051.


Gold dips on strong US dollar
19/09/2016 08:56
GOLD: DOWN TREND
Gold futures closed lower in the domestic market on Friday as a broadly stronger U.S. dollar and jitters ahead of next week's highly anticipated Federal Reserve policy meeting weighed. The greenback jumped on Friday after data showing faster-than-expected growth in U.S. consumer prices helped support the case for a Fed rate hike later this year. At the MCX, gold futures for October 2016 contract ended at Rs 30,802 per 10 grams, down by 0.35 per cent, after opening at Rs 30,875, against a previous close of Rs 30,910. It touched the intra-day low of Rs 30,800.