Mcx Commodity Market News : Morning Session - 18.10.2016
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Crude oil dips as OPEC output climbs
18/10/2016 08:54
Crude oil futures closed lower in the domestic market on Monday as an increase in the number of rigs actively drilling for oil in the U.S. and rising crude output from major producers pushed prices in to lower levels.
Ahead this week, the market will watch for the weekly U.S. crude inventories and production data to be released on Wednesday. China will also release its monthly crude production and throughput data on the same day.
At the MCX, crude oil futures for October 2016 contract closed at Rs 3327 per barrel, down by 0.36 per cent, after opening at Rs 3356, against a previous close of Rs 3339. It touched the intra-day low of Rs 3306.
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Silver rises on firm global cues
18/10/2016 08:53
Silver futures closed higher in the domestic market on Monday after participants raised their bets amid firming global trends. Analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metals overseas.
At the MCX, silver futures for December 2016 contract closed at Rs 41,920 per kg, up by 0.24 per cent, after opening at Rs 41,826, against a previous close of Rs 41,821. It touched the intra-day high of Rs 41,990.
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Gold up on weak US data
18/10/2016 08:52
Gold futures closed higher in the domestic market on Monday after a survey showed that US consumer confidence unexpectedly fell to a one-year low in October amid a contentious presidential campaign. Bullion remained under pressure during the day 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 29726 per 10 grams, up by 0.24 per cent, after opening at Rs 29,673, against a previous close of Rs 29,656. It touched the intra-day high of Rs 29,734.
Free Mcx Commodity Trend Update ( Call - 9094047040)
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Join Our Whatsapp No : 9841986753
Keep Refresh for Fresh Tips
Crude oil dips as OPEC output climbs
18/10/2016 08:54
Crude oil futures closed lower in the domestic market on Monday as an increase in the number of rigs actively drilling for oil in the U.S. and rising crude output from major producers pushed prices in to lower levels.
Ahead this week, the market will watch for the weekly U.S. crude inventories and production data to be released on Wednesday. China will also release its monthly crude production and throughput data on the same day.
At the MCX, crude oil futures for October 2016 contract closed at Rs 3327 per barrel, down by 0.36 per cent, after opening at Rs 3356, against a previous close of Rs 3339. It touched the intra-day low of Rs 3306.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Silver rises on firm global cues
18/10/2016 08:53
Silver futures closed higher in the domestic market on Monday after participants raised their bets amid firming global trends. Analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metals overseas.
At the MCX, silver futures for December 2016 contract closed at Rs 41,920 per kg, up by 0.24 per cent, after opening at Rs 41,826, against a previous close of Rs 41,821. It touched the intra-day high of Rs 41,990.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Gold up on weak US data
18/10/2016 08:52
Gold futures closed higher in the domestic market on Monday after a survey showed that US consumer confidence unexpectedly fell to a one-year low in October amid a contentious presidential campaign. Bullion remained under pressure during the day 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 29726 per 10 grams, up by 0.24 per cent, after opening at Rs 29,673, against a previous close of Rs 29,656. It touched the intra-day high of Rs 29,734.
