Mcx Commodity Market News : Morning Session
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Crude oil down on doubts over OPEC deal
01/11/2016 08:28
Crude oil futures closed lower in the domestic market on Monday 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 3156 per barrel, down by 3.34 per cent, after opening at Rs 3256, against a previous close of Rs 3265. It touched the intra-day low of Rs 3142.
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Gold dips on strong dollar
01/11/2016 08:27
Gold futures closed lower in the domestic market on Monday as the dollar advanced against chief rivals.
Analysts said trimming of positions by participants in tandem with a weak trend overseas mainly led to decline in gold prices at futures trade.
At the MCX, gold futures for December 2016 contract ended at Rs 29953 per 10 grams, down by 0.35 per cent, after opening at Rs 30,010, against a previous close of Rs 30,057. It touched the intra-day low of Rs 29,916.
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Silver down on weak global cues
01/11/2016 08:27
Silver futures closed lower in the domestic market on Monday 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 42,417 per kg, down by 0.10 per cent, after opening at Rs 42,506, against a previous close of Rs 42,459. It touched the intra-day low of Rs 42,336.
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 down on doubts over OPEC deal
01/11/2016 08:28
Crude oil futures closed lower in the domestic market on Monday 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 3156 per barrel, down by 3.34 per cent, after opening at Rs 3256, against a previous close of Rs 3265. It touched the intra-day low of Rs 3142.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Gold dips on strong dollar
01/11/2016 08:27
Gold futures closed lower in the domestic market on Monday as the dollar advanced against chief rivals.
Analysts said trimming of positions by participants in tandem with a weak trend overseas mainly led to decline in gold prices at futures trade.
At the MCX, gold futures for December 2016 contract ended at Rs 29953 per 10 grams, down by 0.35 per cent, after opening at Rs 30,010, against a previous close of Rs 30,057. It touched the intra-day low of Rs 29,916.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Silver down on weak global cues
01/11/2016 08:27
Silver futures closed lower in the domestic market on Monday 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 42,417 per kg, down by 0.10 per cent, after opening at Rs 42,506, against a previous close of Rs 42,459. It touched the intra-day low of Rs 42,336.
