Mcx Commodity Market News : Morning Session - 4.10.2016
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Crude oil up as OPEC likely to cut output
04/10/2016 08:54
Crude oil futures closed higher in the domestic market on Monday as traders assessed last week’s preliminary production agreement by OPEC and it’s potential to curb the global glut. With so much resting on OPEC, other analysts were quick to dampen any overly enthusiastic price forecasts for the rest of 2016. At the MCX, crude oil futures for October 2016 contract closed at Rs 3248 per barrel, up by 1.12 per cent, after opening at Rs 3202, against a previous close of Rs 3212. It touched the intra-day high of Rs 3313.
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Silver down on weak global cues
04/10/2016 08:53
Silver futures closed lower in the domestic market on Monday 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 44,867 per kg, down by 1.88 per cent, after opening at Rs 45,550, against a previous close of Rs 45,726. It touched the intra-day low of Rs 44,800.
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Gold dips on strong US dollar
04/10/2016 08:53
Gold futures closed lower in the domestic market on Monday on the back of a stronger U.S. dollar. The British pound took a hit from news that the U.K. aimed for a clear break from the European Union and data on U.S. manufacturing was somewhat upbeat, helping to support the greenback—weighing on prices for gold, which is traded in the dollar. At the MCX, gold futures for October 2016 contract ended at Rs 30,583 per 10 grams, down by 0.52 per cent, after opening at Rs 30,732, against a previous close of Rs 30,742. It touched the intra-day low of Rs 30,552.
Free Mcx Commodity Trend Update ( Call - 9094047040)
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04/10/2016 08:54
Crude oil futures closed higher in the domestic market on Monday as traders assessed last week’s preliminary production agreement by OPEC and it’s potential to curb the global glut. With so much resting on OPEC, other analysts were quick to dampen any overly enthusiastic price forecasts for the rest of 2016. At the MCX, crude oil futures for October 2016 contract closed at Rs 3248 per barrel, up by 1.12 per cent, after opening at Rs 3202, against a previous close of Rs 3212. It touched the intra-day high of Rs 3313.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Silver down on weak global cues
04/10/2016 08:53
Silver futures closed lower in the domestic market on Monday 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 44,867 per kg, down by 1.88 per cent, after opening at Rs 45,550, against a previous close of Rs 45,726. It touched the intra-day low of Rs 44,800.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Gold dips on strong US dollar
04/10/2016 08:53
Gold futures closed lower in the domestic market on Monday on the back of a stronger U.S. dollar. The British pound took a hit from news that the U.K. aimed for a clear break from the European Union and data on U.S. manufacturing was somewhat upbeat, helping to support the greenback—weighing on prices for gold, which is traded in the dollar. At the MCX, gold futures for October 2016 contract ended at Rs 30,583 per 10 grams, down by 0.52 per cent, after opening at Rs 30,732, against a previous close of Rs 30,742. It touched the intra-day low of Rs 30,552.
