Mcx Commodity Market News : Evening Session
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Silver tad lower ahead of US jobs data
04/11/2016 16:51
Silver futures were trading tad lower during evening trade in the domestic market on Friday on caution ahead of today’s US jobs data which may bolster the case for a Fed December rate hike, dimming the bullion’s appeal as a store of value.
The US economy may have added 175,000 jobs in October, up from 156,000 in September.
At the MCX, silver futures for December 2016 contract is trading at Rs 43,340 per kg, down by 0.02 per cent, after opening at Rs 43,236 against a previous close of Rs 43,348. It touched the intra-day low of Rs 43,000. (At 16:48 PM).
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Zinc Bears rule the roost
04/11/2016 16:49
Zinc futures tanked over 1 per cent during evening trade in the domestic market on Friday as investors and speculators exit positions in the industrial metal amid weak physical demand for zinc in the domestic spot market.
US jobless claims hit the highest level in almost three months, up 7,000 to 265,000 last week while a gauge measuring services slipped to 54.8 in October from 57.1 in the prior month, signaling a slowdown in the world’s biggest economy, dimming the demand outlook for the metal.
At the MCX, zinc futures for November 2016 contract is trading at Rs 163.80 per kg, down by 1.18 per cent, after opening at Rs 164.80, against a previous close of Rs 165.75. It touched the intra-day low of Rs 163.35 (at 16:44 PM).
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Aluminium futures little changed on subdued demand
04/11/2016 16:46
Aluminium futures were little changed during the evening trade in the domestic market on Friday as investors and speculators remained on the sidelines in the industrial metal amidst subdued physical demand for aluminium at the domestic spot market.
Further, a fall in demand for aluminium at the domestic spot market was due to trimming of positions by investors in the spot markets, influenced aluminium prices at futures trade.
At the MCX, aluminium futures for November 2016 contract is trading at Rs 115.10 per kg, down by 0.09 per cent, after opening at Rs 115, against a previous close of Rs 115.20. It touched the intra-day low of Rs 114.40 (at 16:42 hours).
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Copper up on upbeat US factory data
04/11/2016 16:41
Copper futures rose during evening trade in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for copper from the domestic spot market.
US factory orders rose for a third month on the trot, up 0.3 per cent in September from August, signaling a pickup in the world’s biggest economy, lifting the metal’s demand outlook.
At the MCX, copper futures for November 2016 contract is trading at Rs 332.5 per kg, up by 0.18 per cent, after opening at Rs 331, against a previous close of Rs 331.9. It touched the intra-day high of Rs 332.8 (at 16:40 PM).
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Gold up modestly ahead of US jobs data
04/11/2016 16:35
Gold futures were trading with modest gains during evening trade in the domestic market on Friday as firm safe haven demand for the yellow metal amid heightened uncertainty surrounding the looming US Presidential elections with polls showing a tight race between Clinton and Trump for the White House bolstered prices.
However, caution ahead of today’s US jobs data which may bolster the case for a Fed December rate hike trimmed gains in the precious metal. The US economy may have added 175,000 jobs in October, up from 156,000 in September.
At the MCX, gold futures for December 2016 contract is trading at Rs 30521 per 10 grams, up by 0.11 per cent, after opening at Rs 30430, against a previous close of Rs 30487. It touched the intra-day high of Rs 30546 (at 16:35 PM).
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Keep Refresh for Fresh Tips
Silver tad lower ahead of US jobs data
04/11/2016 16:51
Silver futures were trading tad lower during evening trade in the domestic market on Friday on caution ahead of today’s US jobs data which may bolster the case for a Fed December rate hike, dimming the bullion’s appeal as a store of value.
The US economy may have added 175,000 jobs in October, up from 156,000 in September.
At the MCX, silver futures for December 2016 contract is trading at Rs 43,340 per kg, down by 0.02 per cent, after opening at Rs 43,236 against a previous close of Rs 43,348. It touched the intra-day low of Rs 43,000. (At 16:48 PM).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Zinc Bears rule the roost
04/11/2016 16:49
Zinc futures tanked over 1 per cent during evening trade in the domestic market on Friday as investors and speculators exit positions in the industrial metal amid weak physical demand for zinc in the domestic spot market.
US jobless claims hit the highest level in almost three months, up 7,000 to 265,000 last week while a gauge measuring services slipped to 54.8 in October from 57.1 in the prior month, signaling a slowdown in the world’s biggest economy, dimming the demand outlook for the metal.
At the MCX, zinc futures for November 2016 contract is trading at Rs 163.80 per kg, down by 1.18 per cent, after opening at Rs 164.80, against a previous close of Rs 165.75. It touched the intra-day low of Rs 163.35 (at 16:44 PM).
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Join Our Whatsapp No : 9841986753
Aluminium futures little changed on subdued demand
04/11/2016 16:46
Aluminium futures were little changed during the evening trade in the domestic market on Friday as investors and speculators remained on the sidelines in the industrial metal amidst subdued physical demand for aluminium at the domestic spot market.
Further, a fall in demand for aluminium at the domestic spot market was due to trimming of positions by investors in the spot markets, influenced aluminium prices at futures trade.
At the MCX, aluminium futures for November 2016 contract is trading at Rs 115.10 per kg, down by 0.09 per cent, after opening at Rs 115, against a previous close of Rs 115.20. It touched the intra-day low of Rs 114.40 (at 16:42 hours).
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Join Our Whatsapp No : 9841986753
Copper up on upbeat US factory data
04/11/2016 16:41
Copper futures rose during evening trade in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for copper from the domestic spot market.
US factory orders rose for a third month on the trot, up 0.3 per cent in September from August, signaling a pickup in the world’s biggest economy, lifting the metal’s demand outlook.
At the MCX, copper futures for November 2016 contract is trading at Rs 332.5 per kg, up by 0.18 per cent, after opening at Rs 331, against a previous close of Rs 331.9. It touched the intra-day high of Rs 332.8 (at 16:40 PM).
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Gold up modestly ahead of US jobs data
04/11/2016 16:35
Gold futures were trading with modest gains during evening trade in the domestic market on Friday as firm safe haven demand for the yellow metal amid heightened uncertainty surrounding the looming US Presidential elections with polls showing a tight race between Clinton and Trump for the White House bolstered prices.
However, caution ahead of today’s US jobs data which may bolster the case for a Fed December rate hike trimmed gains in the precious metal. The US economy may have added 175,000 jobs in October, up from 156,000 in September.
At the MCX, gold futures for December 2016 contract is trading at Rs 30521 per 10 grams, up by 0.11 per cent, after opening at Rs 30430, against a previous close of Rs 30487. It touched the intra-day high of Rs 30546 (at 16:35 PM).
