Mcx Commodity Market News : Morning Session
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Crude oil up as output cut likely
28/10/2016 08:42
Crude oil futures closed higher in the domestic market on Thursday as market players awaited details of a planned output cut by the Organization of the Petroleum Exporting Countries. Oil futures have been under pressure in recent days amid market skepticism over the implementation of a planned deal by OPEC to limit production. The 14-member oil group reached an agreement to cap output to a range of 32.5 million to 33.0 million barrels per day in talks held on the sidelines of an energy conference in Algeria late last month. However, OPEC said it won’t finalize details on individual output quotas until its next official meeting in Vienna on November 30. At the MCX, crude oil futures for November 2016 contract closed at Rs 3342 per barrel, up by 1.36 per cent, after opening at Rs 3300, against a previous close of Rs 3297. It touched the intra-day high of Rs 3358.
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Silver rises on firm global cues
28/10/2016 08:42
Silver futures closed higher in the domestic market on Thursday after participants raised their bets amid firming global trends. Analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metals overseas. At the MCX, silver futures for December 2016 contract closed at Rs 42,269 per kg, up by 0.36 per cent, after opening at Rs 42,026, against a previous close of Rs 42,116. It touched the intra-day high of Rs 42,320.
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Gold up on rate hike uncertainty
28/10/2016 08:41
Gold futures closed higher in the domestic market on Thursday as weaker-than-expected orders for U.S. durable goods raised some uncertainty over an interest-rate hike before the end of the year. Higher prospects for an interest-rate increase at the Fed’s December meeting have been pressuring prices on gold, which provides no yield. Also, India is celebrating the Dhanteras and Diwali holidays that tend to boost gold demand for gift-giving. At the MCX, gold futures for December 2016 contract ended at Rs 29931 per 10 grams, up by 0.33 per cent, after opening at Rs 29,846, against a previous close of Rs 29,834. It touched the intra-day high of Rs 29,962.
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
Crude oil up as output cut likely
28/10/2016 08:42
Crude oil futures closed higher in the domestic market on Thursday as market players awaited details of a planned output cut by the Organization of the Petroleum Exporting Countries. Oil futures have been under pressure in recent days amid market skepticism over the implementation of a planned deal by OPEC to limit production. The 14-member oil group reached an agreement to cap output to a range of 32.5 million to 33.0 million barrels per day in talks held on the sidelines of an energy conference in Algeria late last month. However, OPEC said it won’t finalize details on individual output quotas until its next official meeting in Vienna on November 30. At the MCX, crude oil futures for November 2016 contract closed at Rs 3342 per barrel, up by 1.36 per cent, after opening at Rs 3300, against a previous close of Rs 3297. It touched the intra-day high of Rs 3358.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Silver rises on firm global cues
28/10/2016 08:42
Silver futures closed higher in the domestic market on Thursday after participants raised their bets amid firming global trends. Analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metals overseas. At the MCX, silver futures for December 2016 contract closed at Rs 42,269 per kg, up by 0.36 per cent, after opening at Rs 42,026, against a previous close of Rs 42,116. It touched the intra-day high of Rs 42,320.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Gold up on rate hike uncertainty
28/10/2016 08:41
Gold futures closed higher in the domestic market on Thursday as weaker-than-expected orders for U.S. durable goods raised some uncertainty over an interest-rate hike before the end of the year. Higher prospects for an interest-rate increase at the Fed’s December meeting have been pressuring prices on gold, which provides no yield. Also, India is celebrating the Dhanteras and Diwali holidays that tend to boost gold demand for gift-giving. At the MCX, gold futures for December 2016 contract ended at Rs 29931 per 10 grams, up by 0.33 per cent, after opening at Rs 29,846, against a previous close of Rs 29,834. It touched the intra-day high of Rs 29,962.
