Mcx Commodity Market News : Morning Session
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Crude oil dips on OPEC deal uncertainty
07/11/2016 08:48
Crude oil futures closed lower in the domestic market on Friday amid mounting skepticism over the implementation of a planned deal by OPEC to limit production. Prices dropped sharply after Saudi Arabia threatened to raise its oil production at a meeting of OPEC experts last week if Iran refused to cap its output. At the MCX, crude oil futures for November 2016 contract closed at Rs 2942 per barrel, down by 1.14 per cent, after opening at Rs 2993, against a previous close of Rs 2976. It touched the intra-day low of Rs 2917.
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Silver up on strong global cues
07/11/2016 08:47
Silver futures closed higher in the domestic market on Friday 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 43,425 per kg, up by 0.18 per cent, after opening at Rs 43,236, against a previous close of Rs 43,348. It touched the intra-day high of Rs 43,630.
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Gold rises on Brexit uncertainty
07/11/2016 08:46
Gold futures closed higher in the domestic market on Friday as uncertainty surrounding the U.K.’s exit from the European Union and the coming U.S. election raised the metal’s attractiveness as a haven. Rising real interest rates lower the opportunity costs of holding gold because the metal provides no yield, and entices investors to rotate into riskier assets like stocks. Higher rates may also boost the value of the dollar which usually moves in the opposite direction of the gold price. At the MCX, gold futures for December 2016 contract ended at Rs 30550 per 10 grams, up by 0.21 per cent, after opening at Rs 30,430, against a previous close of Rs 30,487. It touched the intra-day high of Rs 30,624.
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 dips on OPEC deal uncertainty
07/11/2016 08:48
Crude oil futures closed lower in the domestic market on Friday amid mounting skepticism over the implementation of a planned deal by OPEC to limit production. Prices dropped sharply after Saudi Arabia threatened to raise its oil production at a meeting of OPEC experts last week if Iran refused to cap its output. At the MCX, crude oil futures for November 2016 contract closed at Rs 2942 per barrel, down by 1.14 per cent, after opening at Rs 2993, against a previous close of Rs 2976. It touched the intra-day low of Rs 2917.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Silver up on strong global cues
07/11/2016 08:47
Silver futures closed higher in the domestic market on Friday 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 43,425 per kg, up by 0.18 per cent, after opening at Rs 43,236, against a previous close of Rs 43,348. It touched the intra-day high of Rs 43,630.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Gold rises on Brexit uncertainty
07/11/2016 08:46
Gold futures closed higher in the domestic market on Friday as uncertainty surrounding the U.K.’s exit from the European Union and the coming U.S. election raised the metal’s attractiveness as a haven. Rising real interest rates lower the opportunity costs of holding gold because the metal provides no yield, and entices investors to rotate into riskier assets like stocks. Higher rates may also boost the value of the dollar which usually moves in the opposite direction of the gold price. At the MCX, gold futures for December 2016 contract ended at Rs 30550 per 10 grams, up by 0.21 per cent, after opening at Rs 30,430, against a previous close of Rs 30,487. It touched the intra-day high of Rs 30,624.
