Mcx Commodity Market News : Morning Session - 17.10.2016
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Crude oil dips as details of output cut awaited
17/10/2016 08:53
Crude oil futures closed lower in the domestic market on Friday as market players awaited details of a planned output cut by the Organization of the Petroleum Exporting Countries.
The Organization of the Petroleum Exporting Countries reached an agreement to limit production to a range of 32.5 million to 33.0 million barrels per day in talks held on the sidelines of an energy conference in Algeria late last month. However, market analysts remained skeptical of the deal, pondering how such a plan would be implemented.
At the MCX, crude oil futures for October 2016 contract closed at Rs 3339 per barrel, down by 0.77 per cent, after opening at Rs 3386, against a previous close of Rs 3365. It touched the intra-day low of Rs 3328.
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Silver down on weak global cues
17/10/2016 08:53
Silver futures closed lower in the domestic market on Friday 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 41,780 per kg, down by 0.26 per cent, after opening at Rs 41,856, against a previous close of Rs 41,890. It touched the intra-day low of Rs 41,567.
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Gold dips on firm US economic data
17/10/2016 08:52
Gold futures closed lower in the domestic market on Friday 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 ended at Rs 29624 per 10 grams, down by 0.29 per cent, after opening at Rs 29,675, against a previous close of Rs 29,709. It touched the intra-
day low of Rs 29,460.
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
Crude oil dips as details of output cut awaited
17/10/2016 08:53
Crude oil futures closed lower in the domestic market on Friday as market players awaited details of a planned output cut by the Organization of the Petroleum Exporting Countries.
The Organization of the Petroleum Exporting Countries reached an agreement to limit production to a range of 32.5 million to 33.0 million barrels per day in talks held on the sidelines of an energy conference in Algeria late last month. However, market analysts remained skeptical of the deal, pondering how such a plan would be implemented.
At the MCX, crude oil futures for October 2016 contract closed at Rs 3339 per barrel, down by 0.77 per cent, after opening at Rs 3386, against a previous close of Rs 3365. It touched the intra-day low of Rs 3328.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Silver down on weak global cues
17/10/2016 08:53
Silver futures closed lower in the domestic market on Friday 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 41,780 per kg, down by 0.26 per cent, after opening at Rs 41,856, against a previous close of Rs 41,890. It touched the intra-day low of Rs 41,567.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Gold dips on firm US economic data
17/10/2016 08:52
Gold futures closed lower in the domestic market on Friday 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 ended at Rs 29624 per 10 grams, down by 0.29 per cent, after opening at Rs 29,675, against a previous close of Rs 29,709. It touched the intra-
day low of Rs 29,460.
