Mcx Commodity News for SILVER, GOLD, CRUDEOIL : Morning Session - 9.11.2016

Mcx Commodity Market News : Morning Session 

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Silver up on strong global cues
09/11/2016 08:44
Silver futures closed higher in the domestic market on Tuesday 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 43,233 per kg, up by 0.70 per cent, after opening at Rs 43,024, against a previous close of Rs 42,933. It touched the intra-day high of Rs 44,176.

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Crude oil up on rise in US crude supply
09/11/2016 08:44
Crude oil futures closed higher in the domestic market on Tuesday after the American Petroleum Institute reported a 4.4 million-barrel rise in U.S. crude supplies for the week ended Nov. 4. Analysts polled by S&P Global Platts forecast a climb of 1.6 million barrels in stockpiles. At the MCX, crude oil futures for November 2016 contract closed at Rs 3007 per barrel, up by 1.35 per cent, after opening at Rs 2986, against a previous close of Rs 2967. It touched the intra-day high of Rs 3023.

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Gold dips as US await poll results
09/11/2016 08:43
Gold futures closed lower in the domestic market on Tuesday as traders showed caution ahead of the outcome of the U.S. presidential election. U.S. voters headed to the polls Tuesday in the wake of weekend news that the Federal Bureau of Investigation won’t bring charges against Democratic candidate Hillary Clinton over newly discovered emails from her stint as secretary of state. At the MCX, gold futures for December 2016 contract ended at Rs 29879 per 10 grams, down by 0.66 per cent, after opening at Rs 30,100, against a previous close of Rs 30,078. It touched the intra-day low of Rs 29,731.