Mcx Commodity Market News : Morning Session - 23.9.2016
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Silver rises on strong global cues
23/09/2016 08:50
SILVER: UPTREND
Silver futures closed higher in the domestic market on Thursday as traders built up fresh positions tracking a firm trend overseas. Market analysts said that fresh positions created by participants in line with a firm trend in precious metals in global markets mainly influenced silver prices at the futures trade. At the MCX, silver futures for December 2016 contract closed at Rs 47,554 per kg, up by 0.82 per cent, after opening at Rs 47,302, against a previous close of Rs 47,169. It touched the intra-day high of Rs 47,635.
Crude oil rises as crude stocks decline
23/09/2016 08:50
CRUDEOIL: UPTREND
Crude oil futures closed higher in the domestic market on Thursday due to a third consecutive weekly decline in domestic inventories and a weaker dollar. The crude prices rallied after data released by the U.S. Energy Information Administration showed a bigger-than-expected 6.2-million barrel fall in domestic crude stockpiles for the week ended Sept. 16. At the MCX, crude oil futures for October 2016 contract closed at Rs 3105 per barrel, up by 1.94 per cent, after opening at Rs 3070, against a previous close of Rs 3046. It touched the intra-day high of Rs 3,111.
Gold up after Fed keeps rate unchanged
23/09/2016 08:49
GOLD: UPTREND
Gold futures closed higher in the domestic market on Thursday as the U.S. Federal Reserve signaled an interest rate increase by the end of the year after policy was kept unchanged in September, as expected. Gold is highly exposed to interest rates, particularly in the United States, as higher rates lift the opportunity cost of holding non-yielding assets and boost the dollar, in which gold is priced. At the MCX, gold futures for October 2016 contract ended at Rs 31,320 per 10 grams, up by 0.37 per cent, after opening at Rs 31,250, against a previous close of Rs 31,205. It touched the intra-day high of Rs 31,380.
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 rises on strong global cues
23/09/2016 08:50
SILVER: UPTREND
Silver futures closed higher in the domestic market on Thursday as traders built up fresh positions tracking a firm trend overseas. Market analysts said that fresh positions created by participants in line with a firm trend in precious metals in global markets mainly influenced silver prices at the futures trade. At the MCX, silver futures for December 2016 contract closed at Rs 47,554 per kg, up by 0.82 per cent, after opening at Rs 47,302, against a previous close of Rs 47,169. It touched the intra-day high of Rs 47,635.
Crude oil rises as crude stocks decline
23/09/2016 08:50
CRUDEOIL: UPTREND
Crude oil futures closed higher in the domestic market on Thursday due to a third consecutive weekly decline in domestic inventories and a weaker dollar. The crude prices rallied after data released by the U.S. Energy Information Administration showed a bigger-than-expected 6.2-million barrel fall in domestic crude stockpiles for the week ended Sept. 16. At the MCX, crude oil futures for October 2016 contract closed at Rs 3105 per barrel, up by 1.94 per cent, after opening at Rs 3070, against a previous close of Rs 3046. It touched the intra-day high of Rs 3,111.
Gold up after Fed keeps rate unchanged
23/09/2016 08:49
GOLD: UPTREND
Gold futures closed higher in the domestic market on Thursday as the U.S. Federal Reserve signaled an interest rate increase by the end of the year after policy was kept unchanged in September, as expected. Gold is highly exposed to interest rates, particularly in the United States, as higher rates lift the opportunity cost of holding non-yielding assets and boost the dollar, in which gold is priced. At the MCX, gold futures for October 2016 contract ended at Rs 31,320 per 10 grams, up by 0.37 per cent, after opening at Rs 31,250, against a previous close of Rs 31,205. It touched the intra-day high of Rs 31,380.
