Mcx Commodity Market News : Evening Session - 5.102016
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Yellow metal drops 0.34% on overseas cues
06/10/2016 13:36
Gold futures were trading lower during the afternoon trade in the domestic market on Thursday as investors and speculators cut down their positions in the precious metal on muted demand at the domestic spot market amid a weak global trend.
Further, trimming of positions by participants was in-line with a weak trend overseas amid rising bets that an improving US economy will push the US Fed to boost interest rates soon, thus reducing the appeal for gold as a safe haven asset for investors.
At the MCX, gold futures for December 2016 contract is trading at Rs 29,815 per 10 grams, down by 0.34 per cent, after opening at Rs 29,835, against a previous close of Rs 29,916. It touched the intra-day low of Rs 29,801 (at 13:30 hours).
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Nickel futures in reverse gear
06/10/2016 13:27
Nickel futures were trading lower during the afternoon trade in the domestic market on Thursday as investors and speculators exited their positions amid subdued domestic demand in the industrial metal.
The fall in prices of nickel was in-line with a weak treand in global markets as supply concerns eased amid speculation that Philippine mines could avoid shutdowns after a government audit of producers. At the MCX, nickel futures for October 2016 contract is trading at Rs 671.60 per kg, down by 0.62 per cent, after opening at Rs 673, against a previous close of Rs 675.80. It touched the intra-day low of Rs 670.90 (at 13:24 hours).
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Lead futures up 0.15% on uptick in demand
06/10/2016 12:20
Lead futures were trading higher during the noon trade in the domestic market on Thursday as participants widened their positions in the industrial metal led by a pisk up in physical demand for lead, from battery-makers, in the domestic spot market.
Further, a rise in demand from battery-makers in the domestic spot market, supported prices of lead at futures trade. At the MCX, lead futures for October 2016 contract is trading at Rs 136.25 per kg, up by 0.15 per cent, after opening at Rs 136.05, against a previous close of Rs 136.05. It touched the intra-day high of Rs 136.60 (at 12:19 hours).
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Aluminium futures slide 0.31% on sluggish demand
06/10/2016 12:16
Aluminium futures were trading lower during the noon trade in the domestic market on Thursday as participants trimmed their positions in the industrial metal amidst subdued physical demand for aluminium in the domestic spot market.
Further, sluggish demand for aluminium at the domestic spot market was due to exiting of positions by participants in the spot markets, influenced aluminium prices at futures trade.
At the MCX, aluminium futures for October 2016 contract is trading at Rs 110.80 per kg, down by 0.31 per cent, after opening at Rs 110.75, against a previous close of Rs 111.15. It touched the intra-day low of Rs 110.65 (at 12:15 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
Yellow metal drops 0.34% on overseas cues
06/10/2016 13:36
Gold futures were trading lower during the afternoon trade in the domestic market on Thursday as investors and speculators cut down their positions in the precious metal on muted demand at the domestic spot market amid a weak global trend.
Further, trimming of positions by participants was in-line with a weak trend overseas amid rising bets that an improving US economy will push the US Fed to boost interest rates soon, thus reducing the appeal for gold as a safe haven asset for investors.
At the MCX, gold futures for December 2016 contract is trading at Rs 29,815 per 10 grams, down by 0.34 per cent, after opening at Rs 29,835, against a previous close of Rs 29,916. It touched the intra-day low of Rs 29,801 (at 13:30 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Nickel futures in reverse gear
06/10/2016 13:27
Nickel futures were trading lower during the afternoon trade in the domestic market on Thursday as investors and speculators exited their positions amid subdued domestic demand in the industrial metal.
The fall in prices of nickel was in-line with a weak treand in global markets as supply concerns eased amid speculation that Philippine mines could avoid shutdowns after a government audit of producers. At the MCX, nickel futures for October 2016 contract is trading at Rs 671.60 per kg, down by 0.62 per cent, after opening at Rs 673, against a previous close of Rs 675.80. It touched the intra-day low of Rs 670.90 (at 13:24 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Lead futures up 0.15% on uptick in demand
06/10/2016 12:20
Lead futures were trading higher during the noon trade in the domestic market on Thursday as participants widened their positions in the industrial metal led by a pisk up in physical demand for lead, from battery-makers, in the domestic spot market.
Further, a rise in demand from battery-makers in the domestic spot market, supported prices of lead at futures trade. At the MCX, lead futures for October 2016 contract is trading at Rs 136.25 per kg, up by 0.15 per cent, after opening at Rs 136.05, against a previous close of Rs 136.05. It touched the intra-day high of Rs 136.60 (at 12:19 hours).
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Join Our Whatsapp No : 9841986753
Aluminium futures slide 0.31% on sluggish demand
06/10/2016 12:16
Aluminium futures were trading lower during the noon trade in the domestic market on Thursday as participants trimmed their positions in the industrial metal amidst subdued physical demand for aluminium in the domestic spot market.
Further, sluggish demand for aluminium at the domestic spot market was due to exiting of positions by participants in the spot markets, influenced aluminium prices at futures trade.
At the MCX, aluminium futures for October 2016 contract is trading at Rs 110.80 per kg, down by 0.31 per cent, after opening at Rs 110.75, against a previous close of Rs 111.15. It touched the intra-day low of Rs 110.65 (at 12:15 hours).
