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

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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.

Mcx Commodity News for Crudeoil, Gold, Copper : Evening Session - 8.11.2016

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Chinese data bites copper futures
08/11/2016 16:00
Copper futures were trading lower during the evening trade in the domestic market on Tuesday as participants trimmed their positions in the industrial metal on fall in physical demand for copper in the domestic spot market in the wake of weaker than expected trade data from China and as cautious trade ruled ahead of the US presidential election.
Further, data released on Tuesday, showing China's imports of copper fell 14.7 percent in October to the lowest since February 2015, weighed on the prices as China is the world's top buyer of copper.
At the MCX, copper futures for November 2016 contract is trading at Rs 338.35 per kg, down by 0.82 per cent, after opening at Rs 342, against a previous close of Rs 341.15. It touched the intra-day low of Rs 338.20 (at 15:43 hours).

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Yellow metal inches higher as US election kicks off
08/11/2016 14:03
Gold futures were trading higher during the afternoon trade in the domestic market on Tuesday as investors and speculators extended their positions in the precious metal amid raising hopes of the Democrat emerging victorious in the race for the White House.
Financial markets keenly awaited the outcome of the US presidential election.
At the MCX, gold futures for December 2016 contract is trading at Rs 30,141 per 10 grams, up by 0.21 per cent, after opening at Rs 30,100, against a previous close of Rs 30,078. It touched the intra-day high of Rs 30,167 (at 13:56 hours).

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Crude oil futures zoom 1.11% ahead of US polls
08/11/2016 13:51
Crude oil futures were trading higher during the afternoon trade in the domestic market on Tuesday as investors and speculators extended their positions in the energy commodity amid caution ahead of the outcome of the US presidential elections.
Investors optimistic about Democrat Hillary Clinton would win the US presidential election.
According to Gordon Kwan, head of oil and gas research at Nomura, “Clinton victory on Tuesday could help risk assets such as oil rebound sharply”.
At the MCX, crude oil futures for November 2016 contract is trading at Rs 3000 per barrel, up by 1.11 per cent, after opening at Rs 2986, against a previous close of Rs 2967. It touched the intra-day high of Rs 3005 (at 13:41 hours).

Mcx Commodity News for SILVER, GOLD, CRUDEOIL : Morning Session - 8.11.2016

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Crude oil rises on oil supply worries
08/11/2016 08:41
Crude oil futures closed higher in the domestic market on Monday finding support as an earthquake late Sunday at the Cushing, Okla., storage hub raised worries about oil supplies and expectations for a win by Hillary Clinton fueled bets on a slowdown in U.S. drilling for crude.
There has been no reported impact on the storage tanks or pipelines at Cushing, though some pipelines were shut down temporarily to check integrity.
At the MCX, crude oil futures for November 2016 contract closed at Rs 2966 per barrel, up by 0.88 per cent, after opening at Rs 2952, against a previous close of Rs 2940. It touched the intra-day high of Rs 3009.

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Gold dips after FBI clears Clinton
08/11/2016 08:40
Gold futures closed lower in the domestic market on Monday as haven assets took a hit in the wake of news that the Federal Bureau of Investigation said it won’t bring charges against Hillary Clinton over a batch of newly discovered emails.
A victory for Clinton is generally viewed as more favorable for the stock market as it may represent fewer unknowns and more stability for investors. Gold had been gaining on some expectations that a Trump victory could trigger volatility and put a U.S. interest-rate hike on hold. Rising real interest rates lower the opportunity costs of holding gold as the metal provides no yield.
At the MCX, gold futures for December 2016 contract ended at Rs 30048 per 10 grams, down by 1.67 per cent, after opening at Rs 30,510, against a previous close of Rs 30,557. It touched the intra-day low of Rs 30,005.

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Silver down on weak global cues
08/11/2016 08:40
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 42,880 per kg, down by 1.19 per cent, after opening at Rs 43,106, against a previous close of Rs 43,398. It touched the intra-day low of Rs 42,609.

Mcx Commodity News for Crudeoil, Gold : Evening Session - 7.11.2016

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Yellow metal looses sheen after FBI clears Clinton
07/11/2016 14:40
Gold futures were trading lower during the afternoon trade in the domestic market on Monday as investors and speculators exited their positions in the precious metal amid rising hopes after the FBI maintained the opinion that Hillary Clinton’s handling of her e-mails wasn’t a crime, raising hopes of the Democrat emerging victorious in the race for the White House.
The US voters on November 8 will cast their votes to decide between Hillary Clinton and Donald Trump as their next president.
At the MCX, gold futures for December 2016 contract is trading at Rs 30195 per 10 grams, down by 1.18 per cent, after opening at Rs 30510, against a previous close of Rs 30557. It touched the intra-day low of Rs 30184 (at 14:34 hours).

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Crude oil rebounds ahead of US polls
07/11/2016 12:40
Crude oil futures were trading higher during the noon trade in the domestic market on Monday as investors and speculators widened their positions in the energy commodity amid caution ahead of the outcome of the US presidential elections this week.
The US voters on November 8 will cast their votes to decide between Hillary Clinton and Donald Trump as their next president. Hopes emerged after the FBI maintained the opinion that Hillary Clinton’s handling of her e-mails wasn’t a crime, raising hopes of the Democrat emerging victorious in the race for the White House.
According to Gordon Kwan, head of oil and gas research at Nomura, “Clinton victory on Tuesday could help risk assets such as oil rebound sharply”.
At the MCX, crude oil futures for November 2016 contract is trading at Rs 2994 per barrel, up by 1.84 per cent, after opening at Rs 2952, against a previous close of Rs 2940. It touched the intra-day high of Rs 3,000 (at 12:40 hours).

Mcx Commodity News for SILVER, GOLD, CRUDEOIL : Morning Session - 7.11.2016

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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.

Mcx Commodity News for Silver, Zinc, Aluminium,Copper, Gold : Evening Session - 4.11.2016

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).

Mcx Commodity News for SILVER, GOLD, CRUDEOIL : Morning Session - 3.11.2016

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Silver up on strong global cues
03/11/2016 08:39
Silver futures closed higher in the domestic market on Wednesday 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 44,041 per kg, up by 1.07 per cent, after opening at Rs 43,670, against a previous close of Rs 43,573. It touched the intra-day high of Rs 44,200.

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Crude oil down on rise in US crude stockpiles
03/11/2016 08:39
Crude oil futures closed lower in the domestic market on Wednesday after U.S. data revealed that crude stockpiles jumped by more than 14 million barrels—the largest weekly climb on record. In September, OPEC reached a preliminary agreement to cut production, possibly by 200,000 to 700,000 barrels a day. The goal was to pump up prices by removing some unwanted barrels from the market, but OPEC said it wouldn’t complete details of the plan until the official Nov. 30 meeting. At the MCX, crude oil futures for November 2016 contract closed at Rs 3027 per barrel, down by 2.51 per cent, after opening at Rs 3100, against a previous close of Rs 3105. It touched the intra-day low of Rs 3008.

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Gold rises on weak US dollar
03/11/2016 08:38
Gold futures closed higher in the domestic market on Wednesday as weakness in the U.S. dollar and equities and uncertainty surrounding the outcome of the upcoming U.S. presidential election lifted prices to their highest level in a month. Gold gained as the U.S. dollar lost ground versus major rivals with polls showing that the U.S. presidential race between Republican nominee Donald Trump and Democratic rival Hillary Clinton has continued to tighten. At the MCX, gold futures for December 2016 contract ended at Rs 30625 per 10 grams, up by 1.12 per cent, after opening at Rs 30,350, against a previous close of Rs 30,285. It touched the intra-day high of Rs 30,686.

Mcx Commodity News for Silver, Copper, Gold, Crudeoil : Evening Session - 2.11.2016

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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).

Mcx Commodity News for SILVER, GOLD, CRUDEOIL : Morning Session - 2.11.2016

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Silver rises on firm global cues
02/11/2016 08:47
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 43,562 per kg, up by 2.74 per cent, after opening at Rs 42,494, against a previous close of Rs 42,402. It touched the intra-day high of Rs 43,740.

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Crude oil down on rise in US crude supplies
02/11/2016 08:47
Crude oil futures closed lower in the domestic market on Tuesday after the American Petroleum Institute reported a 9.3 million-barrel climb in U.S. crude supplies for the week ended Oct. 28.
Analysts polled by S&P Global Platts forecast an increase of 1.9 million barrels in stockpiles.
At the MCX, crude oil futures for November 2016 contract closed at Rs 3109 per barrel, down by 1.40 per cent, after opening at Rs 3140, against a previous close of Rs 3153. It touched the intra-day low of Rs 3096.

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Gold rises on US election likely outcome
02/11/2016 08:46
Gold futures closed higher in the domestic market on Tuesday after a new poll showed that enthusiasm for Hillary Clinton has ebbed since the renewal of the FBI’s email investigation ahead of the upcoming U.S. presidential election.
The market is also keeping an eye on the outcome of the Federal Reserve's two-day policy meeting, which begins on Tuesday. The U.S. central bank is not expected to raise interest rates, but could signal its intent to hike in December amid signs the economy is picking up steam.
At the MCX, gold futures for December 2016 contract ended at Rs 30295 per 10 grams, up by 1.15 per cent, after opening at Rs 30,000, against a previous close of Rs 29,950. It touched the intra-day high of Rs 30,314.

Mcx Commodity News for Copper, Gold, Crudeoil : Evening Session - 1.11.2016

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Copper futures up on spot demand
01/11/2016 15:27
Copper futures were trading higher during the afternoon trade in the domestic market on Tuesday as participants extended their positions in the industrial metal amid rise in physical demand for copper in the domestic spot market.
Further, the price for copper in the domestic markets rose due to an increase in demand for the metal at the futures trade.
At the MCX, copper futures for November 2016 contract is trading at Rs 326.70 per kg, up by 0.20 per cent, after opening at Rs 327.90, against a previous close of Rs 326.05. It touched the intra-day high of Rs 328 (at 15:28 hours).

Yellow metal shines on firm global cues
01/11/2016 14:14
Tracking firm global trend, gold futures were trading higher during the afternoon trade in the domestic market on Tuesday as investors and speculators widened their positions in the precious metal.
Analysts attributed the rise in gold prices at the futures trade to positive global cues.
At the MCX, gold futures for December 2016 contract is trading at Rs 30,096 per 10 grams, up by 0.49 per cent, after opening at Rs 30,000, against a previous close of Rs 29,950. It touched the intra-day high of Rs 30,108 (at 14:08 hours).

Crude oil futures dip on doubts over OPEC deal
01/11/2016 13:01
Crude oil futures were trading lower during the noon trade in the domestic market on Tuesday as investors and speculators exited their positions in the energy commodity on possibility that the Organization of the Petroleum Exporting Countries’ (OPEC) 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 is trading at Rs 3148 per barrel, down by 0.16 per cent, after opening at Rs 3140, against a previous close of Rs 3153. It touched the intra-day low of Rs 3138 (at 12:49 hours).

Mcx Commodity News for SILVER, GOLD, CRUDEOIL : Morning Session - 1.11.2016

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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.

Mcx Commodity News for SILVER, GOLD, CRUDEOIL : Morning Session - 28.10.2016

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Crude oil up as output cut likely
28/10/2016 08:42
Crude oil futures closed higher in the domestic market on Thursday as market players awaited details of a planned output cut by the Organization of the Petroleum Exporting Countries. Oil futures have been under pressure in recent days amid market skepticism over the implementation of a planned deal by OPEC to limit production. The 14-member oil group reached an agreement to cap output to a range of 32.5 million to 33.0 million barrels per day in talks held on the sidelines of an energy conference in Algeria late last month. However, OPEC said it won’t finalize details on individual output quotas until its next official meeting in Vienna on November 30. At the MCX, crude oil futures for November 2016 contract closed at Rs 3342 per barrel, up by 1.36 per cent, after opening at Rs 3300, against a previous close of Rs 3297. It touched the intra-day high of Rs 3358.

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Silver rises on firm global cues
28/10/2016 08:42
Silver futures closed higher in the domestic market on Thursday 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 42,269 per kg, up by 0.36 per cent, after opening at Rs 42,026, against a previous close of Rs 42,116. It touched the intra-day high of Rs 42,320.

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Gold up on rate hike uncertainty
28/10/2016 08:41
Gold futures closed higher in the domestic market on Thursday as weaker-than-expected orders for U.S. durable goods raised some uncertainty over an interest-rate hike before the end of the year. Higher prospects for an interest-rate increase at the Fed’s December meeting have been pressuring prices on gold, which provides no yield. Also, India is celebrating the Dhanteras and Diwali holidays that tend to boost gold demand for gift-giving. At the MCX, gold futures for December 2016 contract ended at Rs 29931 per 10 grams, up by 0.33 per cent, after opening at Rs 29,846, against a previous close of Rs 29,834. It touched the intra-day high of Rs 29,962.

Mcx Commodity News for Silver, Copper, Gold, Crudeoil : Evening Session - 27.10.2016

Mcx Commodity Market News : Evening Session 

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White metal shines amid uncertainty over Fed, US election
27/10/2016 14:55
Silver futures were trading higher during the afternoon trade in the domestic market on Thursday as participants widened their bets in the precious metal tracking firm cues overseas.
Further, analysts attributed the rise in silver prices at futures trade to a firm trend in the precious metal globally amid ongoing uncertainty surrounding US Fed monetary policy and the US election, and building up of fresh positions by speculators at the domestic markets ahead of the festive season.
At the MCX, silver futures for December 2016 contract is trading at Rs 42210 per kg, up by 0.22 per cent, after opening at Rs 42026, against a previous close of Rs 42116. It touched the intra-day high of Rs 42250 (at 14:48 hours).

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Copper futures up 0.27% on firm global trend
27/10/2016 14:42
Copper futures were trading higher during the afternoon trade in the domestic market on Thursday as participants extended their positions in the industrial metal tracking firm trend overseas.
Further, prices for copper in the domestic markets rose inline with a firm trend in industrial metals in global markets.
At the MCX, copper futures for November 2016 contract is trading at Rs 319.20 per kg, up by 0.27 per cent, after opening at Rs 317.05, against a previous close of Rs 318.35. It touched the intra-day high of Rs 319.75 (at 14:09 hours).

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Yellow metal shines on firm global trend
27/10/2016 12:49
Gold futures were trading higher during the noon trade in the domestic market on Thursday as investors and speculators extended their positions in the precious metal as sentiment remained supported by prospects of higher domestic demand ahead of the festive season with Diwali and Dhanteras round the corner and amidst firm global trend.
Gold buying in India typically picks up during the festive and wedding season when the bullion is given as a gift.
At the MCX, gold futures for December 2016 contract is trading at Rs 29910 per 10 grams, up by 0.25 per cent, after opening at Rs 29846, against a previous close of Rs 29834. It touched the intra-day high of Rs 29917 (at 12:41 hours).

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Crude oil futures up on Venezuela protests, Asian demand
27/10/2016 12:37
Crude oil futures were trading higher during the noon trade in the domestic market on Thursday as investors and speculators build up fresh positions in the energy commodity on Venezuela's - a major oil producer, political stability concerns and a firm demand in Asia.
However, doubts over OPEC's ability to organize a coordinated production cut, weighed on markets.
At the MCX, crude oil futures for November 2016 contract is trading at Rs 3306 per barrel, up by 0.27 per cent, after opening at Rs 3300, against a previous close of Rs 3297. It touched the intra-day high of Rs 3311 (at 12:30 hours).

Mcx Commodity News for SILVER, GOLD, CRUDEOIL : Morning Session - 27.10.2016

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Silver down on weak global cues
27/10/2016 08:57
Silver futures closed lower in the domestic market on Wednesday 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 42,135 per kg, down by 0.66 per cent, after opening at Rs 42,452, against a previous close of Rs 42,415. It touched the intra-day low of Rs 42,053.

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Gold dips on strong US dollar
27/10/2016 08:57
Gold futures closed lower in the domestic market on Wednesday with overall strength in the U.S. dollar and prospects for higher U.S. interest rates putting pressure on prices before the Federal Reserve meeting and U.S. elections next month.
The dollar and gold often move inversely because a firmer buck leaves dollar-priced commodities less desirable to purchasers using another currency.
At the MCX, gold futures for December 2016 contract ended at Rs 29843 per 10 grams, down by 0.33 per cent, after opening at Rs 29,980, against a previous close of Rs 29,942. It touched the intra-day low of Rs 29,802.

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Crude oil down on doubts over OPEC deal
27/10/2016 08:56
Crude oil futures closed lower in the domestic market on Wednesday 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 3296 per barrel, down by 1.73 per cent, after opening at Rs 3345, against a previous close of Rs 3354. It touched the intra-day low of Rs 3278.

Mcx Commodity News for Copper, Gold, Crudeoil, Lead : Morning Session - 26.10.2016

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Weak US consumer data bites Copper
26/10/2016 11:53
Copper futures fell on Wednesday as investors and speculators exit positions in the industrial metal amid weak physical demand for copper in the domestic spot market.
Further, US consumer confidence fell in October, signalling a slowdown in the world’s biggest economy, clouding the demand outlook for metals. The gauge measuring US consumer confidence fell to a three-month low of 98.6 in October from a revised 103.5 in September.
At the MCX, copper futures for November 2016 contract is trading at Rs 315.95 per kg, down by 0.41 per cent, after opening at Rs 315.9, against a previous close of Rs 317.25. It touched the intra-day low of Rs 315.4 (at 11:51 AM).

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Flat trade in yellow metal
26/10/2016 11:52
Gold futures were trading flat during trade on Wednesday even as prices remained supported by prospects of higher demand from India ahead of the festive season with Diwali and Dhanteras round the corner.
Gold buying in India typically picks up during the festive season when the bullion is given as a gift.
Further, confidence among American consumers fell to the lowest level in three months in October 2016, bolstering the case for the US Federal Reserve to undertake a slow pace of monetary tightening.
At the MCX, gold futures for December 2016 contract were trading at Rs 29955 per 10 grams, up by 0.04 per cent, after opening at Rs 29,980, against a previous close of Rs 29,942. It touched the intra-day high of Rs 30,000 (at 11:44 AM).

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Oil plunges on Russia fears, US supplies
26/10/2016 11:38
Crude oil futures tanked over 1.5 per cent during morning trade in the domestic market on Wednesday as investors and speculators exit positions in the energy commodity on speculation that Russia won’t join the OPEC in planned output cuts, exacerbating concerns over a global supply glut. Meanwhile, US crude storage levels rose by a massive 4.8 million barrels last week, the industry-funded American Petroleum Institute (API) said. The EIA on Wednesday will release separate crude inventory data for the US. At the MCX, crude oil futures for November 2016 contract is trading at Rs 3302 per barrel, down by 1.55 per cent, after opening at Rs 3345, against a previous close of Rs 3354. It touched the intra-day low of Rs 3298. (At 11:24 AM).

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Muted demand drags down lead futures by 0.55%
26/10/2016 10:44
Lead futures were trading lower during the morning trade in the domestic market on Wednesday as investors and speculators remained on the sidelines in the industrial metal due to fall in physical demand for lead, from battery-makers, in the domestic spot market. Further, a drop in physical demand from battery-makers in the domestic spot market, influenced prices of lead at futures trade. At the MCX, lead futures for October 2016 contract is trading at Rs 136.40 per kg, down by 0.55 per cent, after opening at Rs 136.40, against a previous close of Rs 137.15. It touched the intra-day low of Rs 136.30 (at 10:39 hours).

Mcx Commodity News for SILVER, GOLD, CRUDEOIL : Morning Session - 26.10.2016

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Silver rises on firm global cues
26/10/2016 08:42
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 42,433 per kg, up by 0.89 per cent, after opening at Rs 42,151, against a previous close of Rs 42,058. It touched the intra-day high of Rs 42,458.

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Crude oil flat on doubts over OPEC deal
26/10/2016 08:42
Crude oil futures closed flat in the domestic market on Tuesday as doubts continued surrounding the Organization of the Petroleum Exporting Countries’s plan to curb production in the wake of Iraq’s apparent unwillingness to participate in the deal. Iraqi oil officials over the weekend reportedly said they would not scale back output which currently stands at 4.77 million barrels a day. At the MCX, crude oil futures for November 2016 contract closed at Rs 3357 per barrel, up by 0.06 per cent, after opening at Rs 3360, against a previous close of Rs 3355. It touched the intra-day high of Rs 3414.

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Gold rises on weak US dollar
26/10/2016 08:41
Gold futures closed higher in the domestic market on Tuesday as uncertainty ahead of the U.S. presidential election, some weakness in the U.S. dollar and a fall in domestic equities boosted the metal’s appeal. Traders continued to eye economic data for hints on the prospects for a Federal Reserve interest-rate increase before the end of the year. Higher rates tend to send investors away from precious metals into investments that carry a yield. At the MCX, gold futures for December 2016 contract ended at Rs 29980 per 10 grams, up by 0.73 per cent, after opening at Rs 29,842, against a previous close of Rs 29,763. It touched the intra-day high of Rs 29,982.

Mcx Commodity News for Copper, Gold : Evening Session - 25.10.2016

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Copper futures up 1.77% on overseas cues
25/10/2016 14:17
Copper futures were trading higher during the afternoon trade in the domestic market on Tuesday as participants widened their positions in the industrial metal after supply in China’s domestic market tightened, more than offsetting a stronger dollar and expectations of ample supply next year.
Further, investors globally eyed the slew of data this week that may yield more insight into metals demand, including 3rd quarter US GDP and PMI data from several developed economies, too supported copper prices at futures trade.
At the MCX, copper futures for November 2016 contract is trading at Rs 316.70 per kg, up by 1.77 per cent, after opening at Rs 312, against a previous close of Rs 311.20. It touched the intra-day high of Rs 316.80 (at 14:09 hours).

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Yellow metal regains sheen on firm global cues
25/10/2016 14:04
Gold futures were trading higher during the afternoon trade in the domestic market on Tuesday as investors and speculators widened their positions in the precious metal led by rise in demand however, rising possibility of a US interest rate hike and a firm US dollar kept prices range-bound.
Analysts said expanding of positions by participants, tracking a firming trend in the global market mainly supported the prices of precious metal at futures trade.
At the MCX, gold futures for December 2016 contract is trading at Rs 29,837 per 10 grams, up by 0.25 per cent, after opening at Rs 29842, against a previous close of Rs 29763. It touched the intra-
day high of Rs 29850 (at 13:55 hours).

Mcx Commodity News for Menthaoil, Cardamom, Silver, Gold : Evening Session - 24.10.2016

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Weak physical demand drags down Mentha oil futures
24/10/2016 15:07
Mentha oil futures fell during noon trade in the domestic market on Monday as investors and speculators exit positions in the agri-commodity amid sluggish physical demand for mentha oil in the domestic spot market.
Further, abundant supplies amid higher physical arrivals from the major mentha oil producing regions also exerted downward pressure on domestic mentha oil prices.
At the MCX, mentha oil futures for October 2016 contract were trading at Rs 892 per kg, down by 1.29 per cent after opening at Rs 903.50, against the previous closing price of Rs 903.70. It touched the intra-day low of Rs 892 (at 14:46 PM).

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Cardamom surges on upbeat physical demand
24/10/2016 15:07
Cardamom futures soared by nearly 4 per cent during noon trade in the domestic market on Monday as investors and speculators booked fresh positions in the agri-commodity amid a pickup in physical demand for cardamom in the domestic spot market.
Further, restricted supplies amid lower physical arrivals from the major cardamom producing regions also exerted upward pressure on domestic cardamom prices.
At the MCX, cardamom futures for November 2016 contract is trading at Rs 1224.5 per kg, up by 3.82 per cent, after opening at Rs 1190, against a previous close of Rs 1179.40. It touched the intra-day high of Rs 1225.7 (at 14:16 PM).

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Gold bears in control as Fed rate hike looms
24/10/2016 14:41
Gold futures fell during noon trade in the domestic market on Monday as investors and speculators exit positions in the precious metal as growing speculation of a US Federal Reserve interest rate hike in 2016 curbed the lure for the bullion as a store of value.
Federal Reserve Bank of San Francisco President John Williams backed the case for policy tightening once this year while expecting a few more rate hikes in 2017 if the world’s biggest economy continues to perform the way it has been performing in recent times.
A stronger dollar also dimmed the appeal of gold as an alternative asset. Stronger greenback makes gold more expensive for those holding other currencies, thus dimming demand.
At the MCX, gold futures for December 2016 contract is trading at Rs 29,834 per 10 grams, down by 0.37 per cent, after opening at Rs 29,905, against a previous close of Rs 29,946. It touched the intra-day low of Rs 29,821 (at 14:37 PM).

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White metal shines on global cues
24/10/2016 14:41
Silver futures were trading higher during the afternoon trade in the domestic market on Monday as participants widened their bets in the precious metal tracking firm global trend.
Further, analysts attributed the rise in silver prices at futures trade to a firm trend in the precious metal overseas thus raised domestic demand for the precious metals as a safe-haven.
At the MCX, silver futures for December 2016 contract is trading at Rs 42,160 per kg, up by 0.48 per cent, after opening at Rs 41,997, against a previous close of Rs 41,958. It touched the intra-day high of Rs 42,190 (at 14:39 hours).

Mcx Commodity News for Copper, Gold, Crudeoil : Evening Session - 24.10.2016

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Copper futures up on overseas cues
24/10/2016 14:33
Copper futures were trading higher during the afternoon trade in the domestic market on Monday as participants widened their positions in the industrial metal after supply in China’s domestic market tightened, more than offsetting a stronger dollar and expectations of ample supply next year.
Further, investors globally eyed the slew of data this week that may yield more insight into metals demand, including 3rd quarter US GDP and PMI data from several developed economies, too supported copper prices at futures trade.
At the MCX, copper futures for November 2016 contract is trading at Rs 311.80 per kg, up by 0.27 per cent, after opening at Rs 311.85, against a previous close of Rs 310.95. It touched the intra-day high of Rs 312.90 (at 14:28 hours).

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Oil higher on output freeze hopes
24/10/2016 14:26
Crude oil futures rose during noon trade in the domestic market on Monday as investors and speculators hoped that a production freeze pact may ease a global supply glut in the energy commodity, helping bring stability in the market.
Energy Ministers from Saudi Arabia and other Gulf-oil producing nations met with their Russian counterpart as they worked out measures to stabilize crude markets.
The OPEC is keen on Russia, the biggest Non-OPEC supplier, supporting its proposal to freeze output, to help lift prices.
The gains in the fuel were limited by a rise in US oil drilling count to an eight-month high last week, raising concerns over higher production in the near-term.
The number of rigs drilling for oil in the US climbed by 14 to 533 last week, Baker Hughes said.
At the MCX, crude oil futures for November 2016 contract is trading at Rs 3412 per barrel, up by 0.29 per cent, after opening at Rs 3393, against a previous close of Rs 3402. It touched the intra-day high of Rs 3416 (at 14:16 PM).

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Yellow metal loses sheen on Fed rate hike prospects
24/10/2016 12:38
Gold futures were trading lower during the noon trade in the domestic market on Monday as investors and speculators exited their positions in the precious metal amid uncertainty about the timing of an interest hike by the US Fed, while a stronger dollar added pressure on bullion.
Further, the 3rd quarter growth figures from the US and Fed policymakers speeches due this week will be keenly eyed by the participants for clues on a possible interest rate hike.
At the MCX, gold futures for December 2016 contract is trading at Rs 29,864 per 10 grams, down by 0.27 per cent, after opening at Rs 29,905, against a previous close of Rs 29,946. It touched the intra-day low of Rs 29,829 (at 12:29 hours).

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Crude oil futures in reverse gear
24/10/2016 12:24
Crude oil futures were trading lower during the noon trade in the domestic market on Monday as investors and speculators exited their positions in the energy commodity after Iraq said that it wanted to be exempt from any deal by the producer cartel OPEC to cut production to prop up market, and also as US drillers stepped up work.
OPEC plans to reduce production to a range of 32.5 million to 33 million bpd, down from 33.39 million bpd in September but it would be harder to achieve if Iraq doesn’t participate as it is OPEC’s second biggest producer after Saudi Arabia.
At the MCX, crude oil futures for November 2016 contract is trading at Rs 3394 per barrel, down by 0.24 per cent, after opening at Rs 3393, against a previous close of Rs 3402. It touched the intra-day low of Rs 3389 (at 12:00 hours).

Mcx Commodity News for Naturalgas, Copper, Gold, Silver : Evening Session - 21.10.2016

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Improving US economic outlook buoys Copper
21/10/2016 12:46
Copper futures logged modest gains during noon trade in the domestic market on Friday as investors and speculators booked fresh positions in the industrial metal as signs of a pickup in the US economy bolstered demand outlook for copper.
Sales of existing homes in the US rose 3.2 per cent in September from the previous month while a leading index for the world’s biggest economy climbed 0.2 per cent last month.
At the MCX, copper futures for November 2016 contract is trading at Rs 311.85 per kg, up by 0.14 per cent, after opening at Rs 312.05, against a previous close of Rs 311.4. It touched the intra-day high of Rs 312.15 (at 12:31 PM).

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Stronger dollar bites yellow metal
21/10/2016 12:37
Gold futures fell during noon trade in the domestic market on Friday as investors and speculators exit positions in the precious metal tracking weakness overseas as a stronger dollar curbed the lure for the bullion as an alternative asset.
Stronger greenback makes gold more expensive for those holding other currencies, thus dimming demand.
The dollar climbed against a basket of key currencies after robust US economic data bolstered the case for interest rate tightening this year, also dampening the appeal of gold as a store of value. US economic data was mostly positive as existing home sales rose 3.2 per cent in September and a leading index climbed 0.2 per cent last month.
Also, the European Central Bank’s indication that its ongoing QE plan may extend beyond the scheduled end date of March 2017, put pressure on the euro against the US dollar.
At the MCX, gold futures for December 2016 contract were trading at Rs 29859 per 10 grams, down by 0.17 per cent, after opening at Rs 29,850, against a previous close of Rs 29,910. It touched the intra-day low of Rs 29,810. (at 12:31 PM).

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Silver dips on weak global cues
21/10/2016 12:28
Silver futures were trading lower in the domestic market on Friday 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 were trading at Rs 41,902 per kg, down by 0.22 per cent, after opening at Rs 41,839, against a previous close of Rs 41,996. It touched the intra-day low of Rs 41,816.(at 12:33 hrs)

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Natural gas lower as US supplies rise
21/10/2016 12:27
Natural gas futures fell during noon trade in the domestic market on Friday as investors and speculators exit positions in the energy commodity as a bigger-than-expected US storage build last week signaled weakening demand for the fuel in the world’s biggest gas consuming nation.
The EIA reported that US gas supplies climbed by 77 billion cubic feet (bcf) for the week ending October 14, above expectations for an increase of around 72 billion cubic feet.
Total US storage levels are 46 bcf above the year-ago figure and 5.1 per cent and 5.4 per cent above the five-year average and last week, respectively.
At the MCX, natural gas futures for October 2016 contract is trading at Rs 208 per mmbtu, down by 0.95 per cent, after opening at Rs 208.7, against a previous close of Rs 210. It touched the intra-day low of Rs 207.5 (At 12:23 PM).