Mcx Commodity Market News : Morning Session - 14.10.2016
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Silver dips on feeble global cues
14/10/2016 08:50
Silver futures closed lower in the domestic market on Thursday 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 41,936 per kg, down by 0.27 per cent, after opening at Rs 42,300, against a previous close of Rs 42,051. It touched the intra-day low of Rs 41,851.
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Crude oil rises as US output drops
14/10/2016 08:50
Crude oil futures closed higher in the domestic market on Thursday in the wake of a U.S. government report that revealed the first weekly rise in crude supplies since the end of August, but also a drop in output for the lower 48 states to the lowest level in over two years.
Oil had already posted declines in the past two sessions after recent data showed an increase in monthly production from the Organization of the Petroleum Exporting Countries, raising doubts that the group will be able to cut member output to its proposed target of 32.5 million and 33 million barrels a day.
At the MCX, crude oil futures for October 2016 contract closed at Rs 3372 per barrel, up by 0.63 per cent, after opening at Rs 3331, against a previous close of Rs 3351. It touched the intra-day high of Rs 3385.
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Gold up on firm global cues
14/10/2016 08:49
Gold futures closed higher in the domestic market on Thursday as speculators enlarged positions amid a firm global trend.
Market analysts attributed rise in gold prices at futures trade to building up of fresh positions by participants, tracking positive global cues.
At the MCX, gold futures for December 2016 contract ended at Rs 29720 per 10 grams, up by 0.23 per cent, after opening at Rs 29,800, against a previous close of Rs 29,651. It touched the intra-day
high of Rs 29,885.
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
Silver dips on feeble global cues
14/10/2016 08:50
Silver futures closed lower in the domestic market on Thursday 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 41,936 per kg, down by 0.27 per cent, after opening at Rs 42,300, against a previous close of Rs 42,051. It touched the intra-day low of Rs 41,851.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Crude oil rises as US output drops
14/10/2016 08:50
Crude oil futures closed higher in the domestic market on Thursday in the wake of a U.S. government report that revealed the first weekly rise in crude supplies since the end of August, but also a drop in output for the lower 48 states to the lowest level in over two years.
Oil had already posted declines in the past two sessions after recent data showed an increase in monthly production from the Organization of the Petroleum Exporting Countries, raising doubts that the group will be able to cut member output to its proposed target of 32.5 million and 33 million barrels a day.
At the MCX, crude oil futures for October 2016 contract closed at Rs 3372 per barrel, up by 0.63 per cent, after opening at Rs 3331, against a previous close of Rs 3351. It touched the intra-day high of Rs 3385.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Gold up on firm global cues
14/10/2016 08:49
Gold futures closed higher in the domestic market on Thursday as speculators enlarged positions amid a firm global trend.
Market analysts attributed rise in gold prices at futures trade to building up of fresh positions by participants, tracking positive global cues.
At the MCX, gold futures for December 2016 contract ended at Rs 29720 per 10 grams, up by 0.23 per cent, after opening at Rs 29,800, against a previous close of Rs 29,651. It touched the intra-day
high of Rs 29,885.
