Mcx Commodity Market News : Morning Session - 26.9.2016
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Crude oil dips as chances of output deal decline
26/09/2016 08:58
CRUDEOIL: DOWN TREND
Crude oil futures closed lower in the domestic market on Friday as traders weighed the latest talk from major oil producers ahead of their meeting next week that's expected to focus on production levels. The meeting planned for the last day of the International Energy Forum, which will be held in Algeria Monday through Wednesday, will only offer a chance for the Organization of the Petroleum Exporting Countries and other oil producers to consult with each other about production levels.
At the MCX, crude oil futures for October 2016 contract closed at Rs 2978 per barrel, down by 3.97 per cent, after opening at Rs 3090, against a previous close of Rs 3101. It touched the intra-day low of Rs 2967.
Silver dips on weak global cues
26/09/2016 08:57
SILVER: DOWN TREND
Silver futures closed lower in the domestic market on Friday as participants engaged in trimming their positions taking weak cues from global market. Marketmen attributed the fall in silver prices at futures trade to a weak trend in the precious metals overseas and profit-booking by participants at existing levels.
At the MCX, silver futures for December 2016 contract closed at Rs 46,800 per kg, down by 1.61 per cent, after opening at Rs 47,289, against a previous close of Rs 47,568. It touched the intra-day low of Rs 46,686.
Gold dips on feeble global cues
26/09/2016 08:56
GOLD: DOWN TREND
Gold futures closed lower in the domestic market on Friday after the Federal Reserve held off on raising interest rates and scaled back the number of rate hikes it expects next year.
The precious metal is sensitive to moves in U.S. rates, which lift the opportunity cost of holding non-yielding assets such as bullion. A gradual path to higher rates is seen as less of a threat to gold prices than a swift series of increases.
At the MCX, gold futures for October 2016 contract ended at Rs 31,306 per 10 grams, down by 0.08 per cent, after opening at Rs 31,242, against a previous close of Rs 31,332. It touched the intra-day low of Rs 31,205.
Free Mcx Commodity Trend Update ( Call - 9094047040)
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Join Our Whatsapp No : 9841986753
Keep Refresh for Fresh Tips
Crude oil dips as chances of output deal decline
26/09/2016 08:58
CRUDEOIL: DOWN TREND
Crude oil futures closed lower in the domestic market on Friday as traders weighed the latest talk from major oil producers ahead of their meeting next week that's expected to focus on production levels. The meeting planned for the last day of the International Energy Forum, which will be held in Algeria Monday through Wednesday, will only offer a chance for the Organization of the Petroleum Exporting Countries and other oil producers to consult with each other about production levels.
At the MCX, crude oil futures for October 2016 contract closed at Rs 2978 per barrel, down by 3.97 per cent, after opening at Rs 3090, against a previous close of Rs 3101. It touched the intra-day low of Rs 2967.
Silver dips on weak global cues
26/09/2016 08:57
SILVER: DOWN TREND
Silver futures closed lower in the domestic market on Friday as participants engaged in trimming their positions taking weak cues from global market. Marketmen attributed the fall in silver prices at futures trade to a weak trend in the precious metals overseas and profit-booking by participants at existing levels.
At the MCX, silver futures for December 2016 contract closed at Rs 46,800 per kg, down by 1.61 per cent, after opening at Rs 47,289, against a previous close of Rs 47,568. It touched the intra-day low of Rs 46,686.
Gold dips on feeble global cues
26/09/2016 08:56
GOLD: DOWN TREND
Gold futures closed lower in the domestic market on Friday after the Federal Reserve held off on raising interest rates and scaled back the number of rate hikes it expects next year.
The precious metal is sensitive to moves in U.S. rates, which lift the opportunity cost of holding non-yielding assets such as bullion. A gradual path to higher rates is seen as less of a threat to gold prices than a swift series of increases.
At the MCX, gold futures for October 2016 contract ended at Rs 31,306 per 10 grams, down by 0.08 per cent, after opening at Rs 31,242, against a previous close of Rs 31,332. It touched the intra-day low of Rs 31,205.
