Mcx Commodity Market News : Morning Session - 28.9.2016
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Crude oil dips as chances of output deal fade
28/09/2016 08:50
Crude oil futures closed lower in the domestic market on Tuesday after both Iran and Saudi Arabia played down expectations for a deal to freeze or cut crude production at the closely watched informal OPEC meeting on Wednesday. Both countries implied that the meeting between members of the Organization of the Petroleum Exporting Countries and other heavyweight producers such as Russia, will be consultative, reinforcing views that major oil nations will walk away from the negotiations without an agreement. At the MCX, crude oil futures for October 2016 contract closed at Rs 2971 per barrel, down by 3.63 per cent, after opening at Rs 3062, against a previous close of Rs 3083. It touched the intra-day low of Rs 2953.
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Silver down on weak global cues
28/09/2016 08:50
Silver futures closed lower in the domestic market on Tuesday 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 45,480 per kg, down by 2.20 per cent, after opening at Rs 46,311, against a previous close of Rs 46,501. It touched the intra-day low of Rs 45,357.
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Gold dips on weak demand
28/09/2016 08:49
Gold futures closed lower in the domestic market on Tuesday as demand for haven assets dulled in the wake of the first U.S. presidential debate. Gold and the dollar typically move inversely, and a higher dollar can diminish the appeal of the yellow metal priced in dollars. At the MCX, gold futures for October 2016 contract ended at Rs 30,989 per 10 grams, down by 1.08 per cent, after opening at Rs 31,271, against a previous close of Rs 31,328. It touched the intra-day low of Rs 30,962.
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Crude oil dips as chances of output deal fade
28/09/2016 08:50
Crude oil futures closed lower in the domestic market on Tuesday after both Iran and Saudi Arabia played down expectations for a deal to freeze or cut crude production at the closely watched informal OPEC meeting on Wednesday. Both countries implied that the meeting between members of the Organization of the Petroleum Exporting Countries and other heavyweight producers such as Russia, will be consultative, reinforcing views that major oil nations will walk away from the negotiations without an agreement. At the MCX, crude oil futures for October 2016 contract closed at Rs 2971 per barrel, down by 3.63 per cent, after opening at Rs 3062, against a previous close of Rs 3083. It touched the intra-day low of Rs 2953.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
28/09/2016 08:50
Silver futures closed lower in the domestic market on Tuesday 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 45,480 per kg, down by 2.20 per cent, after opening at Rs 46,311, against a previous close of Rs 46,501. It touched the intra-day low of Rs 45,357.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
28/09/2016 08:49
Gold futures closed lower in the domestic market on Tuesday as demand for haven assets dulled in the wake of the first U.S. presidential debate. Gold and the dollar typically move inversely, and a higher dollar can diminish the appeal of the yellow metal priced in dollars. At the MCX, gold futures for October 2016 contract ended at Rs 30,989 per 10 grams, down by 1.08 per cent, after opening at Rs 31,271, against a previous close of Rs 31,328. It touched the intra-day low of Rs 30,962.
