Mcx Commodity Market News : Morning Session
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Crude oil down as U.S. crude supplies dip
21/10/2016 08:47
Crude oil futures closed lower in the domestic market on Thursday after data showed an unexpected weekly drop in U.S. crude supplies and optimism surrounding the Organization of the Petroleum Exporting countries’ plan to limit output lifted prices in New York to their highest level since mid-July of last year.
Many market watchers aren’t enthused by the deal, saying the group’s longstanding internal tensions will make it difficult for all members to be on board. Even if a deal is struck, it remains a question if the members would obey to the production quotas.
At the MCX, crude oil futures for October 2016 contract closed at Rs 3395 per barrel, down by 2.22 per cent, after opening at Rs 3463, against a previous close of Rs 3472. It touched the intra-day low of Rs 3385.
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Silver down on weak global cues
21/10/2016 08:47
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 41,990 per kg, down by 0.48 per cent, after opening at Rs 42,350, against a previous close of Rs 42,194. It touched the intra-day low of Rs 41,821.
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Gold up as dollar remains under pressure
21/10/2016 08:46
Gold futures closed higher in the domestic market on Thursday as the U.S. dollar remained moderately challenged by the upcoming US presidential debate and after the missed U.S. housing-sector data.
The yellow metal extended its gains after the remarkable recovery of China’s economy, one of the top gold enthusiasts worldwide.
At the MCX, gold futures for December 2016 contract ended at Rs 29905 per 10 grams, up by 0.01 per cent, after opening at Rs 29,990, against a previous close of Rs 29,901. It touched the intra-day high of Rs 30,063.
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
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
21/10/2016 08:47
Crude oil futures closed lower in the domestic market on Thursday after data showed an unexpected weekly drop in U.S. crude supplies and optimism surrounding the Organization of the Petroleum Exporting countries’ plan to limit output lifted prices in New York to their highest level since mid-July of last year.
Many market watchers aren’t enthused by the deal, saying the group’s longstanding internal tensions will make it difficult for all members to be on board. Even if a deal is struck, it remains a question if the members would obey to the production quotas.
At the MCX, crude oil futures for October 2016 contract closed at Rs 3395 per barrel, down by 2.22 per cent, after opening at Rs 3463, against a previous close of Rs 3472. It touched the intra-day low of Rs 3385.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
21/10/2016 08:47
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 41,990 per kg, down by 0.48 per cent, after opening at Rs 42,350, against a previous close of Rs 42,194. It touched the intra-day low of Rs 41,821.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
21/10/2016 08:46
Gold futures closed higher in the domestic market on Thursday as the U.S. dollar remained moderately challenged by the upcoming US presidential debate and after the missed U.S. housing-sector data.
The yellow metal extended its gains after the remarkable recovery of China’s economy, one of the top gold enthusiasts worldwide.
At the MCX, gold futures for December 2016 contract ended at Rs 29905 per 10 grams, up by 0.01 per cent, after opening at Rs 29,990, against a previous close of Rs 29,901. It touched the intra-day high of Rs 30,063.
