Mcx Commodity Market News : Morning Session - 8.9.2016
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Crude oil up on expectation of production freeze
08/09/2016 08:53
Crude oil futures closed higher in the domestic market on Wednesday as traders weighed the likelihood that major producers will reach a deal to curb output later this month. Prices had got a boost early this week following the announcement that Saudi Arabia and Russia had agreed to cooperate to stabilize the oil market. But without a specific plan to cap output, futures prices have struggled for direction. At the MCX, Crude oil futures for September 2016 contract closed at Rs. 3019 per barrel, up by 1.86 per cent, after opening at Rs. 2981, against the previous closing price of Rs. 2964. It touched the intra-day high of Rs. 3032.
Silver dips on weak global cues
08/09/2016 08:52
Silver futures closed lower in the domestic market on Wednesday 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 47,025, per 1 kg, down by 1.22 per cent after opening at Rs 47,512, against the previous closing price of Rs 47,607. It touched the intra-day low of Rs 46,915.
Gold down as dollar stabilizes
08/09/2016 08:51
Gold futures closed lower in the domestic market on Wednesday swinging between gains and losses as traders contrasted the commodity’s finish at a three-week high on Wednesday against the latest batch of economic data and its implications on the timing of future rate hikes. On Wednesday, the US dollar also stabilized and this discouraged further purchases of gold by investors. At the MCX, Gold futures for October 2016 contract closed at Rs 31,315, per 10 gram, down by 0.20 per cent after opening at Rs 31,440, against the previous closing price of Rs 31,378. It touched the intra-day low of Rs 31,250
Free Mcx Commodity Trend Update ( Call - 9094047040)
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Join Our Whatsapp No : 9841986753
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Crude oil up on expectation of production freeze
08/09/2016 08:53
Crude oil futures closed higher in the domestic market on Wednesday as traders weighed the likelihood that major producers will reach a deal to curb output later this month. Prices had got a boost early this week following the announcement that Saudi Arabia and Russia had agreed to cooperate to stabilize the oil market. But without a specific plan to cap output, futures prices have struggled for direction. At the MCX, Crude oil futures for September 2016 contract closed at Rs. 3019 per barrel, up by 1.86 per cent, after opening at Rs. 2981, against the previous closing price of Rs. 2964. It touched the intra-day high of Rs. 3032.
Silver dips on weak global cues
08/09/2016 08:52
Silver futures closed lower in the domestic market on Wednesday 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 47,025, per 1 kg, down by 1.22 per cent after opening at Rs 47,512, against the previous closing price of Rs 47,607. It touched the intra-day low of Rs 46,915.
Gold down as dollar stabilizes
08/09/2016 08:51
Gold futures closed lower in the domestic market on Wednesday swinging between gains and losses as traders contrasted the commodity’s finish at a three-week high on Wednesday against the latest batch of economic data and its implications on the timing of future rate hikes. On Wednesday, the US dollar also stabilized and this discouraged further purchases of gold by investors. At the MCX, Gold futures for October 2016 contract closed at Rs 31,315, per 10 gram, down by 0.20 per cent after opening at Rs 31,440, against the previous closing price of Rs 31,378. It touched the intra-day low of Rs 31,250
