Mcx Commodity Market News : Morning Session - 13.10.2016
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Crude oil down as output rises
13/10/2016 08:52
Crude oil futures closed lower in the domestic market on Wednesday as uncertainty over Russia’s willingness to cut production and a monthly rise in output from OPEC members sent prices lower for a second session in a row. The increase in oil production comes at a time when producers inside the Organization of the Petroleum Exporting Countries are in discussions with Russia, a non-OPEC player, on ways to chip away the glut and stabilize prices. At the MCX, crude oil futures for October 2016 contract closed at Rs 3357 per barrel, down by 0.86 per cent, after opening at Rs 3400, against a previous close of Rs 3386. It touched the intra-day low of Rs 3336.
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Silver up on firm global cues
13/10/2016 08:51
Silver futures closed higher in the domestic market on Wednesday as participants widened their positions, tracking a firm trend in global market. Analysts attributed the rise in silver prices at the futures trade to expanding of positions by speculators, tracking a firm trend in precious metals overseas. At the MCX, silver futures for December 2016 contract closed at Rs 42,100 per kg, up by 0.24 per cent, after opening at Rs 41,867, against a previous close of Rs 41,998. It touched the intra-day high of Rs 42,150.
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Gold down after US dollar gains
13/10/2016 08:50
Gold futures closed lower in the domestic market on Wednesday pressured by modest gains in the dollar, but prices headed higher in electronic trade after the Federal Reserve released minutes from its September meeting. The minutes, which were released after gold futures settled for the session, showed that officials from the central bank held off raising interest rates in September even though they said there was a reasonable argument for an increase. At the MCX, gold futures for December 2016 contract ended at Rs 29661 per 10 grams, down by 0.20 per cent, after opening at Rs 29,692, against a previous close of Rs 29,719. It touched the intra-day low of Rs 29,590.
Free Mcx Commodity Trend Update ( Call - 9094047040)
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Crude oil down as output rises
13/10/2016 08:52
Crude oil futures closed lower in the domestic market on Wednesday as uncertainty over Russia’s willingness to cut production and a monthly rise in output from OPEC members sent prices lower for a second session in a row. The increase in oil production comes at a time when producers inside the Organization of the Petroleum Exporting Countries are in discussions with Russia, a non-OPEC player, on ways to chip away the glut and stabilize prices. At the MCX, crude oil futures for October 2016 contract closed at Rs 3357 per barrel, down by 0.86 per cent, after opening at Rs 3400, against a previous close of Rs 3386. It touched the intra-day low of Rs 3336.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Silver up on firm global cues
13/10/2016 08:51
Silver futures closed higher in the domestic market on Wednesday as participants widened their positions, tracking a firm trend in global market. Analysts attributed the rise in silver prices at the futures trade to expanding of positions by speculators, tracking a firm trend in precious metals overseas. At the MCX, silver futures for December 2016 contract closed at Rs 42,100 per kg, up by 0.24 per cent, after opening at Rs 41,867, against a previous close of Rs 41,998. It touched the intra-day high of Rs 42,150.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Gold down after US dollar gains
13/10/2016 08:50
Gold futures closed lower in the domestic market on Wednesday pressured by modest gains in the dollar, but prices headed higher in electronic trade after the Federal Reserve released minutes from its September meeting. The minutes, which were released after gold futures settled for the session, showed that officials from the central bank held off raising interest rates in September even though they said there was a reasonable argument for an increase. At the MCX, gold futures for December 2016 contract ended at Rs 29661 per 10 grams, down by 0.20 per cent, after opening at Rs 29,692, against a previous close of Rs 29,719. It touched the intra-day low of Rs 29,590.
