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Copper futures up 1.77% on overseas cues
25/10/2016 14:17
Copper futures were trading higher during the afternoon trade in the domestic market on Tuesday as participants widened their positions in the industrial metal after supply in China’s domestic market tightened, more than offsetting a stronger dollar and expectations of ample supply next year.
Further, investors globally eyed the slew of data this week that may yield more insight into metals demand, including 3rd quarter US GDP and PMI data from several developed economies, too supported copper prices at futures trade.
At the MCX, copper futures for November 2016 contract is trading at Rs 316.70 per kg, up by 1.77 per cent, after opening at Rs 312, against a previous close of Rs 311.20. It touched the intra-day high of Rs 316.80 (at 14:09 hours).
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Yellow metal regains sheen on firm global cues
25/10/2016 14:04
Gold futures were trading higher during the afternoon trade in the domestic market on Tuesday as investors and speculators widened their positions in the precious metal led by rise in demand however, rising possibility of a US interest rate hike and a firm US dollar kept prices range-bound.
Analysts said expanding of positions by participants, tracking a firming trend in the global market mainly supported the prices of precious metal at futures trade.
At the MCX, gold futures for December 2016 contract is trading at Rs 29,837 per 10 grams, up by 0.25 per cent, after opening at Rs 29842, against a previous close of Rs 29763. It touched the intra-
day high of Rs 29850 (at 13:55 hours).
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
Copper futures up 1.77% on overseas cues
25/10/2016 14:17
Copper futures were trading higher during the afternoon trade in the domestic market on Tuesday as participants widened their positions in the industrial metal after supply in China’s domestic market tightened, more than offsetting a stronger dollar and expectations of ample supply next year.
Further, investors globally eyed the slew of data this week that may yield more insight into metals demand, including 3rd quarter US GDP and PMI data from several developed economies, too supported copper prices at futures trade.
At the MCX, copper futures for November 2016 contract is trading at Rs 316.70 per kg, up by 1.77 per cent, after opening at Rs 312, against a previous close of Rs 311.20. It touched the intra-day high of Rs 316.80 (at 14:09 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Yellow metal regains sheen on firm global cues
25/10/2016 14:04
Gold futures were trading higher during the afternoon trade in the domestic market on Tuesday as investors and speculators widened their positions in the precious metal led by rise in demand however, rising possibility of a US interest rate hike and a firm US dollar kept prices range-bound.
Analysts said expanding of positions by participants, tracking a firming trend in the global market mainly supported the prices of precious metal at futures trade.
At the MCX, gold futures for December 2016 contract is trading at Rs 29,837 per 10 grams, up by 0.25 per cent, after opening at Rs 29842, against a previous close of Rs 29763. It touched the intra-
day high of Rs 29850 (at 13:55 hours).
