Mcx Commodity Market News : Morning Session
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Silver down on weak global cues
27/10/2016 08:57
Silver futures closed lower in the domestic market on Wednesday 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 42,135 per kg, down by 0.66 per cent, after opening at Rs 42,452, against a previous close of Rs 42,415. It touched the intra-day low of Rs 42,053.
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Gold dips on strong US dollar
27/10/2016 08:57
Gold futures closed lower in the domestic market on Wednesday with overall strength in the U.S. dollar and prospects for higher U.S. interest rates putting pressure on prices before the Federal Reserve meeting and U.S. elections next month.
The dollar and gold often move inversely because a firmer buck leaves dollar-priced commodities less desirable to purchasers using another currency.
At the MCX, gold futures for December 2016 contract ended at Rs 29843 per 10 grams, down by 0.33 per cent, after opening at Rs 29,980, against a previous close of Rs 29,942. It touched the intra-day low of Rs 29,802.
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Crude oil down on doubts over OPEC deal
27/10/2016 08:56
Crude oil futures closed lower in the domestic market on Wednesday pressured by the possibility that the Organization of the Petroleum Exporting Countries’ plan to curb output will fail after Iraq signaled unwillingness to take part in the proposed deal.
Iraq, the second biggest producer in OPEC after Saudi Arabia, over the weekend said it should be exempt from any deal to scale back production as it needs the oil revenue to fund its continuing war against Islamic State militants. At the MCX, crude oil futures for November 2016 contract closed at Rs 3296 per barrel, down by 1.73 per cent, after opening at Rs 3345, against a previous close of Rs 3354. It touched the intra-day low of Rs 3278.
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 down on weak global cues
27/10/2016 08:57
Silver futures closed lower in the domestic market on Wednesday 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 42,135 per kg, down by 0.66 per cent, after opening at Rs 42,452, against a previous close of Rs 42,415. It touched the intra-day low of Rs 42,053.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Gold dips on strong US dollar
27/10/2016 08:57
Gold futures closed lower in the domestic market on Wednesday with overall strength in the U.S. dollar and prospects for higher U.S. interest rates putting pressure on prices before the Federal Reserve meeting and U.S. elections next month.
The dollar and gold often move inversely because a firmer buck leaves dollar-priced commodities less desirable to purchasers using another currency.
At the MCX, gold futures for December 2016 contract ended at Rs 29843 per 10 grams, down by 0.33 per cent, after opening at Rs 29,980, against a previous close of Rs 29,942. It touched the intra-day low of Rs 29,802.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Crude oil down on doubts over OPEC deal
27/10/2016 08:56
Crude oil futures closed lower in the domestic market on Wednesday pressured by the possibility that the Organization of the Petroleum Exporting Countries’ plan to curb output will fail after Iraq signaled unwillingness to take part in the proposed deal.
Iraq, the second biggest producer in OPEC after Saudi Arabia, over the weekend said it should be exempt from any deal to scale back production as it needs the oil revenue to fund its continuing war against Islamic State militants. At the MCX, crude oil futures for November 2016 contract closed at Rs 3296 per barrel, down by 1.73 per cent, after opening at Rs 3345, against a previous close of Rs 3354. It touched the intra-day low of Rs 3278.
