Mcx Commodity Market News : Morning Session - 17.10.2016
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Gold dips on strong US economic data
17/10/2016 15:09
Gold futures were trading lower in the domestic market on Monday as the dollar rose after U.S. economic data came in within analysts' expectations, cementing assumptions of an interest rate increase by the Federal Reserve by year-end.
Gold is highly sensitive to increases in U.S. interest rates, which can lift the opportunity cost of holding non-interest-bearing gold.
At the MCX, gold futures for December 2016 contract was trading at Rs 29639 per 10 grams, down by 0.06 per cent, after opening at Rs 29,673, against a previous close of Rs 29,656. It touched the intra-day low of Rs 29,600. (at 15:10 hrs)
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Mentha oil futures gain on increasing demand
17/10/2016 14:50
Mentha oil futures were trading higher during the morning trade in the domestic market on Monday as participants build up fresh positions in the agri-commodity amid pick up in physical demand for mentha oil from major consuming industries in the domestic spot market.
At the MCX, mentha oil futures for October 2016 contract were trading at Rs 919.50 per kg, up by 1.64 per cent after opening at Rs 904.90, against the previous closing price of Rs 904.70. It touched the intra-day high of Rs 920 (at 14:50 hours).
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Cardamom futures up on surging demand
17/10/2016 14:18
Cardamom futures were trading higher during the afternoon trade in the domestic market on Monday as investors and speculators build up fresh positions in the agri-commodity amid uptick in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, too supported the uptrend in the domestic cardamom prices.
At the MCX, cardamom futures for November 2016 contract is trading at Rs 1133.70 per kg, up by 0.54 per cent, after opening at Rs 1135.10, against a previous close of Rs 1127.60. It touched the intra-day high of Rs 1144 (at 14:22 hours).
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Copper up on pickup in spot demand
17/10/2016 13:10
Copper futures rose during noon trade in the domestic market on Monday amid a firming global trend and pick up in spot demand.
Marketmen attributed the rise in copper futures to a firming trend in base metals at the London Metal Exchange (LME). Further, rising demand from consuming industries at domestic spot markets supported the upside. At the MCX, copper futures for November 2016 contract is trading at Rs 314.20 per kg, up by 0.37 per cent, after opening at Rs 313.10, against a previous close of Rs 313.05. It touched the intra-day low of Rs 315.20 (at 01:11 PM).
Free Mcx Commodity Trend Update ( Call - 9094047040)
Click Here & Register To Get 2 days Trial Tips
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Keep Refresh for Fresh Tips
Gold dips on strong US economic data
17/10/2016 15:09
Gold futures were trading lower in the domestic market on Monday as the dollar rose after U.S. economic data came in within analysts' expectations, cementing assumptions of an interest rate increase by the Federal Reserve by year-end.
Gold is highly sensitive to increases in U.S. interest rates, which can lift the opportunity cost of holding non-interest-bearing gold.
At the MCX, gold futures for December 2016 contract was trading at Rs 29639 per 10 grams, down by 0.06 per cent, after opening at Rs 29,673, against a previous close of Rs 29,656. It touched the intra-day low of Rs 29,600. (at 15:10 hrs)
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Mentha oil futures gain on increasing demand
17/10/2016 14:50
Mentha oil futures were trading higher during the morning trade in the domestic market on Monday as participants build up fresh positions in the agri-commodity amid pick up in physical demand for mentha oil from major consuming industries in the domestic spot market.
At the MCX, mentha oil futures for October 2016 contract were trading at Rs 919.50 per kg, up by 1.64 per cent after opening at Rs 904.90, against the previous closing price of Rs 904.70. It touched the intra-day high of Rs 920 (at 14:50 hours).
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Join Our Whatsapp No : 9841986753
Cardamom futures up on surging demand
17/10/2016 14:18
Cardamom futures were trading higher during the afternoon trade in the domestic market on Monday as investors and speculators build up fresh positions in the agri-commodity amid uptick in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, too supported the uptrend in the domestic cardamom prices.
At the MCX, cardamom futures for November 2016 contract is trading at Rs 1133.70 per kg, up by 0.54 per cent, after opening at Rs 1135.10, against a previous close of Rs 1127.60. It touched the intra-day high of Rs 1144 (at 14:22 hours).
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Join Our Whatsapp No : 9841986753
Copper up on pickup in spot demand
17/10/2016 13:10
Copper futures rose during noon trade in the domestic market on Monday amid a firming global trend and pick up in spot demand.
Marketmen attributed the rise in copper futures to a firming trend in base metals at the London Metal Exchange (LME). Further, rising demand from consuming industries at domestic spot markets supported the upside. At the MCX, copper futures for November 2016 contract is trading at Rs 314.20 per kg, up by 0.37 per cent, after opening at Rs 313.10, against a previous close of Rs 313.05. It touched the intra-day low of Rs 315.20 (at 01:11 PM).
