Mcx Commodity Market News : Evening Session
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Weak physical demand drags down Mentha oil futures
24/10/2016 15:07
Mentha oil futures fell during noon trade in the domestic market on Monday as investors and speculators exit positions in the agri-commodity amid sluggish physical demand for mentha oil in the domestic spot market.
Further, abundant supplies amid higher physical arrivals from the major mentha oil producing regions also exerted downward pressure on domestic mentha oil prices.
At the MCX, mentha oil futures for October 2016 contract were trading at Rs 892 per kg, down by 1.29 per cent after opening at Rs 903.50, against the previous closing price of Rs 903.70. It touched the intra-day low of Rs 892 (at 14:46 PM).
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Cardamom surges on upbeat physical demand
24/10/2016 15:07
Cardamom futures soared by nearly 4 per cent during noon trade in the domestic market on Monday as investors and speculators booked fresh positions in the agri-commodity amid a pickup in physical demand for cardamom in the domestic spot market.
Further, restricted supplies amid lower physical arrivals from the major cardamom producing regions also exerted upward pressure on domestic cardamom prices.
At the MCX, cardamom futures for November 2016 contract is trading at Rs 1224.5 per kg, up by 3.82 per cent, after opening at Rs 1190, against a previous close of Rs 1179.40. It touched the intra-day high of Rs 1225.7 (at 14:16 PM).
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Gold bears in control as Fed rate hike looms
24/10/2016 14:41
Gold futures fell during noon trade in the domestic market on Monday as investors and speculators exit positions in the precious metal as growing speculation of a US Federal Reserve interest rate hike in 2016 curbed the lure for the bullion as a store of value.
Federal Reserve Bank of San Francisco President John Williams backed the case for policy tightening once this year while expecting a few more rate hikes in 2017 if the world’s biggest economy continues to perform the way it has been performing in recent times.
A stronger dollar also dimmed the appeal of gold as an alternative asset. Stronger greenback makes gold more expensive for those holding other currencies, thus dimming demand.
At the MCX, gold futures for December 2016 contract is trading at Rs 29,834 per 10 grams, down by 0.37 per cent, after opening at Rs 29,905, against a previous close of Rs 29,946. It touched the intra-day low of Rs 29,821 (at 14:37 PM).
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White metal shines on global cues
24/10/2016 14:41
Silver futures were trading higher during the afternoon trade in the domestic market on Monday as participants widened their bets in the precious metal tracking firm global trend.
Further, analysts attributed the rise in silver prices at futures trade to a firm trend in the precious metal overseas thus raised domestic demand for the precious metals as a safe-haven.
At the MCX, silver futures for December 2016 contract is trading at Rs 42,160 per kg, up by 0.48 per cent, after opening at Rs 41,997, against a previous close of Rs 41,958. It touched the intra-day high of Rs 42,190 (at 14:39 hours).
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
Weak physical demand drags down Mentha oil futures
24/10/2016 15:07
Mentha oil futures fell during noon trade in the domestic market on Monday as investors and speculators exit positions in the agri-commodity amid sluggish physical demand for mentha oil in the domestic spot market.
Further, abundant supplies amid higher physical arrivals from the major mentha oil producing regions also exerted downward pressure on domestic mentha oil prices.
At the MCX, mentha oil futures for October 2016 contract were trading at Rs 892 per kg, down by 1.29 per cent after opening at Rs 903.50, against the previous closing price of Rs 903.70. It touched the intra-day low of Rs 892 (at 14:46 PM).
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Join Our Whatsapp No : 9841986753
24/10/2016 15:07
Cardamom futures soared by nearly 4 per cent during noon trade in the domestic market on Monday as investors and speculators booked fresh positions in the agri-commodity amid a pickup in physical demand for cardamom in the domestic spot market.
Further, restricted supplies amid lower physical arrivals from the major cardamom producing regions also exerted upward pressure on domestic cardamom prices.
At the MCX, cardamom futures for November 2016 contract is trading at Rs 1224.5 per kg, up by 3.82 per cent, after opening at Rs 1190, against a previous close of Rs 1179.40. It touched the intra-day high of Rs 1225.7 (at 14:16 PM).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
24/10/2016 14:41
Gold futures fell during noon trade in the domestic market on Monday as investors and speculators exit positions in the precious metal as growing speculation of a US Federal Reserve interest rate hike in 2016 curbed the lure for the bullion as a store of value.
Federal Reserve Bank of San Francisco President John Williams backed the case for policy tightening once this year while expecting a few more rate hikes in 2017 if the world’s biggest economy continues to perform the way it has been performing in recent times.
A stronger dollar also dimmed the appeal of gold as an alternative asset. Stronger greenback makes gold more expensive for those holding other currencies, thus dimming demand.
At the MCX, gold futures for December 2016 contract is trading at Rs 29,834 per 10 grams, down by 0.37 per cent, after opening at Rs 29,905, against a previous close of Rs 29,946. It touched the intra-day low of Rs 29,821 (at 14:37 PM).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
24/10/2016 14:41
Silver futures were trading higher during the afternoon trade in the domestic market on Monday as participants widened their bets in the precious metal tracking firm global trend.
Further, analysts attributed the rise in silver prices at futures trade to a firm trend in the precious metal overseas thus raised domestic demand for the precious metals as a safe-haven.
At the MCX, silver futures for December 2016 contract is trading at Rs 42,160 per kg, up by 0.48 per cent, after opening at Rs 41,997, against a previous close of Rs 41,958. It touched the intra-day high of Rs 42,190 (at 14:39 hours).
