Mcx Commodity News for GOLD, SILVER, CRUDEOIL : Morning Session - 19.10.2016

Mcx Commodity Market News : Morning Session - 18.10.2016

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Crude oil rises as crude supplies decline
19/10/2016 08:32
Crude oil futures closed higher in the domestic market on Tuesday after the American Petroleum Institute reported a 3.8 million-barrel decline in U.S. crude supplies for the week ended Oct. 14.
Oil prices have generally risen since the preliminary OPEC deal was announced in late September. Members won’t complete details of the deal until the Nov. 30 meeting in Vienna.
At the MCX, crude oil futures for October 2016 contract closed at Rs 3346 per barrel, up by 0.69 per cent, after opening at Rs 3348, against a previous close of Rs 3323. It touched the intra-day high of Rs 3374.

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Silver rises on firm global cues
19/10/2016 08:31
Silver futures closed higher in the domestic market on Tuesday 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 42,175 per kg, up by 0.73 per cent, after opening at Rs 42,099, against a previous close of Rs 41,871. It touched the intra-day high of Rs 42,370

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Gold up as US dollar eases
19/10/2016 08:31
Gold futures closed higher in the domestic market on Tuesday as strength in the British pound helped the U.S. dollar ease back from recent multimonth highs.
Signs of a pickup in inflation, which tends to be supportive for gold, also gave the metal a lift.
At the MCX, gold futures for December 2016 contract ended at Rs 29776 per 10 grams, up by 0.24 per cent, after opening at Rs 29,750, against a previous close of Rs 29,705. It touched the intra-day high of Rs 29,840.