Mcx Commodity Market News : Evening Session
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White metal shines on firm global cues
02/11/2016 14:57
Following gold, silver futures were trading higher during the afternoon trade in the domestic market on Wednesday as safe-haven assets become more attractive for investors as participants remained warry over the global economic outlook and on signs that the US presidential election race was tightening.
Investors across the globe turned cautious after a new opinion poll showed that Donald Trump slightly ahead of market favourite Hillary Clinton in the race of US presidential elections after the renewal of the FBI probe into Clinton's emails.
Also, Investors keenly awaited the outcome later in the day of the US Fed meeting for clues over the timing of a possible US interest rate hike.
At the MCX, silver futures for December 2016 contract is trading at Rs 43,795 per kg, up by 0.51 per cent, after opening at Rs 43,670, against a previous close of Rs 43,573. It touched the intra-day high of Rs 43,888 (at 14:52 hours).
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Copper futures slide 0.46% on subdued demand
02/11/2016 14:48
Copper futures were trading lower during the afternoon trade in the domestic market on Wednesday as participants trimmed their positions in the industrial metal amid fall in physical demand for copper in the domestic spot market.
Further, the prices for copper decline in the domestic markets due to a drop in demand for metal at the futures trade.
At the MCX, copper futures for November 2016 contract is trading at Rs 327.85 per kg, down by 0.46 per cent, after opening at Rs 328.70, against a previous close of Rs 329.35. It touched the intra-day low of Rs 326.90 (at 14:47 hours).
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Yellow metal shines on global cues
02/11/2016 12:55
Gold futures were trading higher during the noon trade in the domestic market on Wednesday as investors and speculators started looking for safe-haven assets as traders remained warry over the global economic outlook and on signs that the US presidential election race was tightening.
Investors across the globe turned cautious after a new opinion poll showed that Donald Trump slightly ahead of market favourite Hillary Clinton in the race of US presidential elections after the renewal of the FBI probe into Clinton's emails.
Also, traders keenly awaited the outcome later in the day of the US Fed meeting for clues on the timing of a possible US interest rate hike.
At the MCX, gold futures for December 2016 contract is trading at Rs 30,427 per 10 grams, up by 0.47 per cent, after opening at Rs 30,350, against a previous close of Rs 30,285. It touched the intra-day high of Rs 30,465 (at 12:38 hours).
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Crude oil futures flat as API shows surprise US stocks build
02/11/2016 12:33
Crude oil futures were flat during the noon trade in the domestic market on Wednesday as speculators remained on the sidelines in the energy commodity as investors’ awaited official US stockpile data later in the day after the American Petroleum Institute (API) data showed a surprise build in inventories, underlining a persistent global glut.
API said crude stockpiles rose by 9.3 million barrels in the week to Oct. 28, more than 9 times the amount expected by analysts.
At the MCX, crude oil futures for November 2016 contract is trading flat at Rs 3,105 per barrel after opening at Rs 3,100, against a previous close of Rs 3,105. It touched the intra-day low of Rs 3,095 (at 12:20 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
White metal shines on firm global cues
02/11/2016 14:57
Following gold, silver futures were trading higher during the afternoon trade in the domestic market on Wednesday as safe-haven assets become more attractive for investors as participants remained warry over the global economic outlook and on signs that the US presidential election race was tightening.
Investors across the globe turned cautious after a new opinion poll showed that Donald Trump slightly ahead of market favourite Hillary Clinton in the race of US presidential elections after the renewal of the FBI probe into Clinton's emails.
Also, Investors keenly awaited the outcome later in the day of the US Fed meeting for clues over the timing of a possible US interest rate hike.
At the MCX, silver futures for December 2016 contract is trading at Rs 43,795 per kg, up by 0.51 per cent, after opening at Rs 43,670, against a previous close of Rs 43,573. It touched the intra-day high of Rs 43,888 (at 14:52 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Copper futures slide 0.46% on subdued demand
02/11/2016 14:48
Copper futures were trading lower during the afternoon trade in the domestic market on Wednesday as participants trimmed their positions in the industrial metal amid fall in physical demand for copper in the domestic spot market.
Further, the prices for copper decline in the domestic markets due to a drop in demand for metal at the futures trade.
At the MCX, copper futures for November 2016 contract is trading at Rs 327.85 per kg, down by 0.46 per cent, after opening at Rs 328.70, against a previous close of Rs 329.35. It touched the intra-day low of Rs 326.90 (at 14:47 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Yellow metal shines on global cues
02/11/2016 12:55
Gold futures were trading higher during the noon trade in the domestic market on Wednesday as investors and speculators started looking for safe-haven assets as traders remained warry over the global economic outlook and on signs that the US presidential election race was tightening.
Investors across the globe turned cautious after a new opinion poll showed that Donald Trump slightly ahead of market favourite Hillary Clinton in the race of US presidential elections after the renewal of the FBI probe into Clinton's emails.
Also, traders keenly awaited the outcome later in the day of the US Fed meeting for clues on the timing of a possible US interest rate hike.
At the MCX, gold futures for December 2016 contract is trading at Rs 30,427 per 10 grams, up by 0.47 per cent, after opening at Rs 30,350, against a previous close of Rs 30,285. It touched the intra-day high of Rs 30,465 (at 12:38 hours).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Crude oil futures flat as API shows surprise US stocks build
02/11/2016 12:33
Crude oil futures were flat during the noon trade in the domestic market on Wednesday as speculators remained on the sidelines in the energy commodity as investors’ awaited official US stockpile data later in the day after the American Petroleum Institute (API) data showed a surprise build in inventories, underlining a persistent global glut.
API said crude stockpiles rose by 9.3 million barrels in the week to Oct. 28, more than 9 times the amount expected by analysts.
At the MCX, crude oil futures for November 2016 contract is trading flat at Rs 3,105 per barrel after opening at Rs 3,100, against a previous close of Rs 3,105. It touched the intra-day low of Rs 3,095 (at 12:20 hours).
