Mcx Commodity Market News : Evening Session
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Gold up on feeble US housing data
20/10/2016 15:47
Gold futures were trading higher in the domestic market on Thursday 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 were trading at Rs 29965 per 10 grams, up by 0.21 per cent, after opening at Rs 29,990, against a previous close of Rs 29,901. It touched the intra-day high of Rs 30,005. (at 15:48 hrs)
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Mentha oil futures down by 0.30%
20/10/2016 15:25
Mentha oil futures were trading lower during the afternoon trade in the domestic market on Thursday as participants trimmed their positions, despite increasing demand from major consuming industries against restricted supplies from major producing regions.
At the MCX, mentha oil futures for October 2016 contract were trading at Rs 909.40 per kg, down by 0.30 per cent after opening at Rs 912.50, against the previous closing price of Rs 912.10. It touched the intra-day low of Rs 907.30 (at 15:25 hours).
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Rise in demand lifts cardamom futures by 0.47%
20/10/2016 14:41
Cardamom futures were trading higher during the afternoon trade in the domestic market on Thursday as investors and speculators build up fresh positions in the agri-commodity amid uptick in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, too supported the uptrend in the domestic cardamom prices.
At the MCX, cardamom futures for November 2016 contract is trading at Rs 1180 per kg, up by 0.47 per cent, after opening at Rs 1185, against a previous close of Rs 1174.50. It touched the intra-day high of Rs 1200 (at 14:46 hours).
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Nickel bears in control
20/10/2016 14:19
Nickel futures dipped by 0.31 per cent during afternoon trade in the domestic market on Thursday as investors and speculators exited positions in the industrial metal amid weak physical demand for nickel from alloy-makers in the domestic spot market. Traders seemed unimpressed with Chinese economic data as Q3 economic growth was unchanged at 6.7 per cent from the June quarter while industrial output growth of 6.1 per cent in September came in below estimates, clouding the metal’s demand outlook.
At the MCX, nickel futures for October 2016 contract is trading at Rs 683.70 per kg, down by 0.31 per cent, after opening at Rs 686.50, against a previous close of Rs 685.80 It touched the intra-day low of Rs 683.20. (at 14:24 hrs).
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
Gold up on feeble US housing data
20/10/2016 15:47
Gold futures were trading higher in the domestic market on Thursday 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 were trading at Rs 29965 per 10 grams, up by 0.21 per cent, after opening at Rs 29,990, against a previous close of Rs 29,901. It touched the intra-day high of Rs 30,005. (at 15:48 hrs)
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Mentha oil futures down by 0.30%
20/10/2016 15:25
Mentha oil futures were trading lower during the afternoon trade in the domestic market on Thursday as participants trimmed their positions, despite increasing demand from major consuming industries against restricted supplies from major producing regions.
At the MCX, mentha oil futures for October 2016 contract were trading at Rs 909.40 per kg, down by 0.30 per cent after opening at Rs 912.50, against the previous closing price of Rs 912.10. It touched the intra-day low of Rs 907.30 (at 15:25 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Rise in demand lifts cardamom futures by 0.47%
20/10/2016 14:41
Cardamom futures were trading higher during the afternoon trade in the domestic market on Thursday as investors and speculators build up fresh positions in the agri-commodity amid uptick in physical demand for cardamom in the domestic spot market. Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, too supported the uptrend in the domestic cardamom prices.
At the MCX, cardamom futures for November 2016 contract is trading at Rs 1180 per kg, up by 0.47 per cent, after opening at Rs 1185, against a previous close of Rs 1174.50. It touched the intra-day high of Rs 1200 (at 14:46 hours).
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Join Our Whatsapp No : 9841986753
Nickel bears in control
20/10/2016 14:19
Nickel futures dipped by 0.31 per cent during afternoon trade in the domestic market on Thursday as investors and speculators exited positions in the industrial metal amid weak physical demand for nickel from alloy-makers in the domestic spot market. Traders seemed unimpressed with Chinese economic data as Q3 economic growth was unchanged at 6.7 per cent from the June quarter while industrial output growth of 6.1 per cent in September came in below estimates, clouding the metal’s demand outlook.
At the MCX, nickel futures for October 2016 contract is trading at Rs 683.70 per kg, down by 0.31 per cent, after opening at Rs 686.50, against a previous close of Rs 685.80 It touched the intra-day low of Rs 683.20. (at 14:24 hrs).
