Mcx Commodity Market News : Morning Session - 20.10.2016
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Crude oil rises as US stockpiles decline
20/10/2016 08:50
Crude oil futures closed higher in the domestic market on Wednesday after the U.S. Energy Information Administration reported that domestic crude supplies dropped by 5.2 million barrels in the week ended Oct. 14. Prices got off to an upbeat start after an official from Saudi Arabia said crude producers who aren’t OPEC members have shown willingness to join the cartel’s effort to limit output. At the MCX, crude oil futures for October 2016 contract closed at Rs 3450 per barrel, up by 3.29 per cent, after opening at Rs 3358, against a previous close of Rs 3340. It touched the intra-day high of Rs 3464.
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Silver rises on firm global cues
20/10/2016 08:49
Silver futures closed higher in the domestic market on Wednesday 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 42,200 per kg, up by 0.06 per cent, after opening at Rs 42,185, against a previous close of Rs 42,175. It touched the intra-day high of Rs 42,477
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Gold up on weak US housing data
20/10/2016 08:48
Gold futures closed higher in the domestic market on Wednesday as the U.S. dollar continued to trade off multimonth highs hit earlier this month on the back of a drop in monthly domestic housing starts. The downbeat economic data could dull prospects for an interest-rate increase by the Federal Reserve before the year is up which may help gold rise. At the MCX, gold futures for December 2016 contract ended at Rs 29908 per 10 grams, up by 0.41 per cent, after opening at Rs 29,779, against a previous close of Rs 29,786. It touched the intra-day high of Rs 29,995.
Free Mcx Commodity Trend Update ( Call - 9094047040)
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Crude oil rises as US stockpiles decline
20/10/2016 08:50
Crude oil futures closed higher in the domestic market on Wednesday after the U.S. Energy Information Administration reported that domestic crude supplies dropped by 5.2 million barrels in the week ended Oct. 14. Prices got off to an upbeat start after an official from Saudi Arabia said crude producers who aren’t OPEC members have shown willingness to join the cartel’s effort to limit output. At the MCX, crude oil futures for October 2016 contract closed at Rs 3450 per barrel, up by 3.29 per cent, after opening at Rs 3358, against a previous close of Rs 3340. It touched the intra-day high of Rs 3464.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Silver rises on firm global cues
20/10/2016 08:49
Silver futures closed higher in the domestic market on Wednesday 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 42,200 per kg, up by 0.06 per cent, after opening at Rs 42,185, against a previous close of Rs 42,175. It touched the intra-day high of Rs 42,477
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Gold up on weak US housing data
20/10/2016 08:48
Gold futures closed higher in the domestic market on Wednesday as the U.S. dollar continued to trade off multimonth highs hit earlier this month on the back of a drop in monthly domestic housing starts. The downbeat economic data could dull prospects for an interest-rate increase by the Federal Reserve before the year is up which may help gold rise. At the MCX, gold futures for December 2016 contract ended at Rs 29908 per 10 grams, up by 0.41 per cent, after opening at Rs 29,779, against a previous close of Rs 29,786. It touched the intra-day high of Rs 29,995.