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

Mcx Commodity Market News : Evening Session 

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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 Crudeoil, Gold : Evening Session - 7.11.2016

Mcx Commodity Market News : Evening Session 

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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 Crudeoil, Gold: Evening Session - 18.10.2016

Mcx Commodity Market News : Evening Session - 18.10.2016

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Yellow metal shines on weak dollar, firmer equities
18/10/2016 12:28
Gold futures were trading higher during the noon trade in the domestic market on Tuesday as investors and speculators widened their positions in the precious metal as the US dollar weakened, while rebounding equities capped gains.
Analysts attributed the recovery in gold prices to weakness in US dollar which measures the greenback against a basket of currencies, and strong Asian equities though risk appetite was low as weak US markets prompted investors to stay on the sidelines.
At the MCX, gold futures for December 2016 contract is trading at Rs 29782 per 10 grams, up by 0.26 per cent, after opening at Rs 29750, against a previous close of Rs 29705. It touched the intra-day high of Rs 29792 (at 12:20 hours).

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Crude oil futures zoom 0.96%
18/10/2016 12:16
Crude oil futures were trading higher during the noon trade in the domestic market on Tuesday as investors and speculators widened their positions in the energy commodity as some analysts said that markets might not be quite as oversupplied as suggested by many, with global inventories rising less than expected ahead of the high-demand winter heating season in the northern hemisphere.
Also, a drop in US dollar away from 7-month highs the previous day also supported crude, as a lower greenback makes fuel purchases cheaper for countries using other currencies.
At the MCX, crude oil futures for October 2016 contract is trading at Rs 3355 per barrel, up by 0.96 per cent, after opening at Rs 3348, against a previous close of Rs 3323. It touched the intra-day high of Rs 3358 (at 11:59 hours).

Mcx Commodity News for Crudeoil, Copper, Silver : Evening Session - 10.10.2016

Mcx Commodity Market News : Evening Session - 10.102016

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Crude oil futures up 0.42% on overseas cues
10/10/2016 17:21
Crude oil futures were trading higher during the evening trade in the domestic market on Monday as investors and speculators extended their positions in the energy commodity after SA’s energy minister Khalid al-Falih said that he was optimistic major oil producers could agree to cut production by November and that it wasn’t unthinkable that crude prices could rise another 20 per cent this year to USD 60 a barrel.
However, traders remained doubtful that oil producers can reach a meaningful output cut deal prompted some speculators to unwind bullish bets.
At the MCX, crude oil futures for October 2016 contract is trading at Rs 3337 per barrel, up by 0.42 per cent, after opening at Rs 3292, against a previous close of Rs 3323. It touched the intra-day high of Rs 3348 (at 17:03 hours).http://www.dinakaran.com/News_Detail.asp?Nid=251112

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Spot demand lifts copper futures by 0.33%
10/10/2016 16:59
Copper futures were trading higher during the evening trade in the domestic market on Monday as participants widened their positions in the industrial metal on rise in physical demand for copper from consuming industries. Further, an increase in prices for copper was attributed to a better trend in base metals at the domestic spot markets on pick-up in demand from consuming industries, supported copper prices at futures trade.
At the MCX, copper futures for November 2016 contract is trading at Rs 322.60 per kg, up by 0.33 per cent, after opening at Rs 322, against a previous close of Rs 321.55. It touched the intra-day high of Rs 323.70 (at 16:56 hours).

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White metal regains sheen on overseas cues
10/10/2016 16:51
Silver futures were trading higher during the evening trade in the domestic market on Monday as investors and speculators widened their positions in the precious metals amid firm trend in global markets.
Further, building up of positions by participants tracking a slightly better trend in global markets for precious metals, supported prices for silver at futures trade.
At the MCX, silver futures for December 2016 contract is trading at Rs 42396 per kg, up by 1.27 per cent, after opening at Rs 42100, against a previous close of Rs 41865. It touched the intra-day high of Rs 42579 (at 16:50 hours).

Mcx Commodity News for CRUDEOIL, GOLD, LEAD, ALUMINIUM ZINC : Evening Session - 3.10.2016

Mcx Commodity Market News : Evening Session - 3.10.2016

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Crude oil futures zoom after OPEC output accord
03/10/2016 14:19
Crude oil futures were trading higher during the afternoon trade in the domestic market on Monday as investors and speculators widened their positions in the energy commodity after a planned production cut by exporter club OPEC.
The oil prices had been supported following the OPEC’s preliminary agreement to cut production.
Last week, OPEC said it would cut output to between 32.5 million barrels per day (bpd) and 33.0 million bpd from about 33.5 million bpd, with details to be finalised at its policy meeting in November. At the MCX, crude oil futures for October 2016 contract is trading at Rs 3,246 per barrel, up by 1.06 per cent, after opening at Rs 3,202, against a previous close of Rs 3,212. It touched the intra-day high of Rs 3,257 (at 14:05 hours).

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Yellow metal little changed as demand picks up
03/10/2016 13:53
Gold futures were little changed during the afternoon trade in the domestic market on Monday as investors and speculators build up fresh positions in the precious metal amid surge in demand at the domestic market despite weak global trend.
Further, easing worries over the health of German lender Deutsche Bank after reports emerged that it was set to be nearing a less-costly settlement than earlier feared, restricted further rise in prices for gold at futures trade.
At the MCX, gold futures for October 2016 contract is trading at Rs 30,760 per 10 grams, up by 0.06 per cent, after opening at Rs 30,732, against a previous close of Rs 30,742. It touched the intra-day high of Rs 30,776 (at 13:44 hours).

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Lead futures up 0.46% on overseas cues

03/10/2016 12:35
Lead futures were trading higher during the noon trade in the domestic market on Monday as participants widened their positions in the industrial metal due to an increase in physical demand for lead, from battery-makers, in the domestic spot market and amidst signs of stabilisation in China's economy.
Further, an uptick in demand from battery-makers in the domestic spot market amid signs of stabilisation in China's economy, supported the prices of lead at the domestic spot markets. At the MCX, lead futures for October 2016 contract is trading at Rs 142.40 per kg, up by 0.46 per cent, after opening at Rs 141.30, against a previous close of Rs 141.75. It touched the intra-day high of Rs 142.70 (at 12:29 hours).


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Uptick in demand lifts aluminium futures by 0.27%
03/10/2016 12:26
Aluminium futures were trading higher during the noon trade in the domestic market on Monday as participants widened their positions amidst uptick in physical demand for aluminium in the domestic spot market.
Further, an increase in demand for aluminium at the domestic spot market was led by building up of fresh positions by participants in the spot markets, supported aluminium prices at futures trade.
At the MCX, aluminium futures for October 2016 contract is trading at Rs 111.50 per kg, up by 0.27 per cent, after opening at Rs 111.05, against a previous close of Rs 111.20. It touched the intra-day high of Rs 112.30 (at 12:25 hours).


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Zinc futures rise on pickup in demand
03/10/2016 11:46
Zinc futures were trading higher during the morning trade in the domestic market on Monday as investors and speculators widened their positions in the industrial metal amid a surge in demand from consuming industries at the domestic spot markets.
Further, participants build up fresh positions in the industrial metal due to a rise in demand from consuming industries, supported prices of zinc at futures trade. At the MCX, zinc futures for October 2016 contract is trading at Rs 158.40 per kg, up by 0.19 per cent, after opening at Rs 158, against a previous close of Rs 158.10. It touched the intra-day high of Rs 158.40 (at 11:42 hours).

Mcx Commodity News for Crudeoil, Aluminium, Zinc, Lead: Morning Session - 30.9.2016

Mcx Commodity Market News : Morning Session - 30.9.2016

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Crude oil futures drop as doubts build over OPEC deal
30/09/2016 12:34
Crude oil futures were trading lower during the noon trade in the domestic market on Friday as investors and speculators trimmed their positions in the energy commodity tracking a weakness in fellow Asian peers.
The prices for oil continue to slide amid skepticism that the Organization of the Petroleum Exporting Countries would carry out a production cut deal it tentatively agreed to on Wednesday.
The OPEC, a cartel which accounts for about 40 per cent of global crude supplies, at an informal meeting in Algiers on Wednesday, agreed in a preliminary deal to cut output to a range of 32.5 million to 33 million barrels per day.
At the MCX, crude oil futures for October 2016 contract is trading at Rs 3161 per barrel, down by 1.34 per cent, after opening at Rs 3190, against a previous close of Rs 3204. It touched the intra-day low of Rs 3157 (at 12:21 hours).


MIP leading to more imports of finished steel products: EEPC
30/09/2016 11:37
Engineering exporters' body EEPC India said the Minimum Import Price (MIP) on steel is resulting in an inversion of duty with imports of finished goods increasing at a far more rapid speed than raw material, reported PTI. "Any inversion in duty at this stage would be a big setback to the government's flagship programme of Make in India where the entire focus is on taking the country several notches up on the value and technology chain so that we become a factory of the world," EEPC India Chairman T S Bhasin said as per the media report. According to an analysis by EEPC India, imports for the finished goods in the form of products of steel and iron, measured by volume increased in the range of 22.5 per cent and 51 per cent between June and August this year. On the other hand, imports by way of steel and iron used purely for raw material dropped between 16 and 33 per cent in quantity terms between June and August. "With imports of steel and iron products increasing and raw material in the form of pure play steel and iron dropping, it is a clear case of inverted duty, something not good for India's drive on manufacturing," the body said as per the PTI report. Issuing a notification, the Directorate General of Foreign Trade had extended the minimum import price (MIP) on 66 steel products till October 4, 2016. The MIP ranges between USD 341-752 per tonne. The government earlier levied MIP on 173 steel products ranging from USD 341 to USD 752 per tonne on 5 February 2016, which was valid for six months from the date of the notification. "The user engineering industry especially the MSME units are facing difficulty because of sudden escalation in raw material price," the EEPC said. "Segments like auto and auto parts, industrial and electrical machinery, products of MSME sector, which in any case have low margins and are facing cut-throat competition are finding it difficult to be globally competitive," it said.


Lead futures drop 0.43% on sluggish demand
30/09/2016 11:12
Lead futures were trading lower during the morning trade in the domestic market on Friday as participants trimmed their positions in the industrial metal amid sluggish physical demand for lead, from battery-makers, in the domestic spot market. Further, a fall in demand from battery-makers in the domestic spot market, influenced prices of lead at the domestic spot markets. Thus, ahead of peak season battery makers typically start re-stocking metal in the September or October months. At the MCX, lead futures for September 2016 contract is trading at Rs 137.60 per kg, down by 0.43 per cent, after opening at Rs 137.50, against a previous close of Rs 138.20. It touched the intra-day low of Rs 137.30 (at 11:06 hours).

Muted demand drags down aluminium futures by 0.90%
30/09/2016 11:03
Aluminium futures were trading lower during the morning trade in the domestic market on Friday as participants trimmed their positions amid muted physical demand for aluminium in the domestic spot market. Further, a decline in demand for aluminium at the domestic spot market was on account of cut down of bets by participants in the spot markets, influenced aluminium prices at futures trade. At the MCX, aluminium futures for September 2016 contract is trading at Rs 110 per kg, down by 0.90 per cent, after opening at Rs 110.25, against a previous close of Rs 111. It touched the intra-day low of Rs 109.85 (at 11:01 hours).

Zinc futures slide 0.82% on diminishing demand
30/09/2016 10:58
Zinc futures were trading lower during the morning trade in the domestic market on Friday as investors and speculators trimmed their bets in the industrial metal amid a decline in demand from consuming industries at the domestic spot markets. Further, participants cut down their positions in the industrial metal due to a fall in demand from consuming industries, influenced prices of zinc at futures trade. At the MCX, zinc futures for September 2016 contract is trading at Rs 156.30 per kg, down by 0.82 per cent, after opening at Rs 155.55, against a previous close of Rs 157.6. It touched the intra-day low of Rs 155.55 (at 10:56 hours).

Mcx Commodity News for Crudeoil, Aluminium, Zinc, Nickel, Menthaoil, Cardamom : Morning Session - 29.9.2016

Mcx Commodity Market News : Morning Session - 29.9.2016

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Oil jumps nearly 3% on OPEC deal
29/09/2016 11:27
Crude oil futures soared during late morning trade in the domestic market on Thursday as investors and speculators booked fresh positions in the energy commodity after the OPEC agreed to cut output for the first time since 2008, easing worries of a global supply glut. The OPEC, a cartel which accounts for about 40 per cent of global crude supplies, at an informal meeting in Algiers on Wednesday, agreed in a preliminary deal to cut output to a range of 32.5 million to 33 million barrels per day. Iran will be exempt from capping output, while some details of the production cut are still to be worked out with the individual production cut targets for each country to be decided only in end-November when the OPEC meets. Meanwhile, US crude oil supplies fell for a fourth straight week with the EIA reporting a 1.9 million barrels draw to 502.7 million barrels for the week ended September 23, 2016. At the MCX, crude oil futures for October 2016 contract is trading at Rs 3,147 per barrel, up by 2.81 per cent, after opening at Rs 3,071, against a previous close of Rs 3,061. It touched the intra-day high of Rs 3,149. (At 11:18 AM).

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Aluminium futures climb 0.64% on spot demand
29/09/2016 11:03
Aluminium futures were trading higher during the morning trade in the domestic market on Thursday as participants widened their positions amidst uptick in physical demand for aluminium in the domestic spot market. Further, an increase in demand for aluminium at the domestic spot market was led by building up of fresh positions by participants in the spot markets, supported aluminium prices at futures trade. At the MCX, aluminium futures for September 2016 contract is trading at Rs 110.40 per kg, up by 0.64 per cent, after opening at Rs 110.10, against a previous close of Rs 109.70. It touched the intra-day high of Rs 110.45 (at 11:01 hours).

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Zinc futures up 0.58% on pickup in demand
29/09/2016 10:58
Zinc futures were trading higher during the morning trade in the domestic market on Thursday as investors and speculators widened their positions in the industrial metal amid an upsurge in demand from consuming industries at the domestic spot markets. Further, participants build up fresh positions in the industrial metal due to a surge in demand from consuming industries, supported prices of zinc at futures trade. At the MCX, zinc futures for September 2016 contract is trading at Rs 155.90 per kg, up by 0.58 per cent, after opening at Rs 155.50, against a previous close of Rs 155. It touched the intra-day high of Rs 156.20 (at 10:56 hours).

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Nickel futures rise on overseas cues
29/09/2016 10:53
Continuing its yesterday’s gaining momentum Nickel futures were trading higher during the morning trade in the domestic market on Thursday after the Philippines said that twenty more mines likely to be suspended for environmental violations, thus threatening supply from the world's top nickel ore exporter. The Philippines order came after officials vowed to pursue stricter standards than in global mining centers such as Canada and Australia. However, Manila has already halted ten mines in an audit. At the MCX, nickel futures for September 2016 contract is trading at Rs 714.20 per kg, up by 0.98 per cent, after opening at Rs 709, against a previous close of Rs 707.30. It touched the intra-day high of Rs 715.50 (at 10:48 hours).

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Mentha oil futures slide on muted demand
29/09/2016 10:45
Mentha oil futures were trading lower during the morning trade in the domestic market on Thursday as participants remained on the sidelines in the agri-commodity amid muted physical demand for mentha oil from major consuming industries in the domestic spot market. Further, trimming of positions by traders in the spot market due to decline in physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on significant supplies from producing regions, influencted mentha oil prices at futures trade. At the MCX, mentha oil futures for September 2016 contract were trading at Rs 862.30 per kg, down by 0.20 per cent after opening at Rs 862, against the previous closing price of Rs 864. It touched the intra-day low of Rs 855.10 (at 10:42 hours).

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Uptick in demand lifts cardamom futures by 0.59%
29/09/2016 10:39
Cardamom futures were trading higher during the morning trade in the domestic market on Thursday as investors and speculators build up fresh positions in the agri-commodity amid a rise in physical demand for cardamom in the domestic spot market. Further, insufficient supplies amid restricted physical arrivals from the major cardamom producing regions, too supported the uptrend in the domestic cardamom prices. At the MCX, cardamom futures for September 2016 contract is trading at Rs 110.35 per kg, up by 0.59 per cent, after opening at Rs 110, against a previous close of Rs 109.70. It touched the intra-day high of Rs 110.40 (at 10:38 hours).

Mcx Commodity News for CRUDEOIL, LEAD, ALUMINIUM, ZINC : Morning Session - 26.08.2016

Mcx Commodity Market News : Morning Session - 26.08.2016

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Saudi comments lift Oil
26/08/2016 11:17
CRUDEOIL: UP Trend
Crude oil futures rose during late morning trade in the domestic market on Friday as investors and speculators booked fresh positions in the energy commodity after Saudi Arabian Energy Minister Khalid Al-Falih asserted that an output freeze will be positive for the market that is currently oversupplied while reports emerged that Iran will be a party to the informal talks between top producers at Algeria next month. However, the Saudi Energy minister ruled out a cut in production saying a freeze would indicate that producers are satisfied with the present market situation. At the MCX, Crude oil futures for September 2016 contract is trading at Rs 3,178 per barrel, up by 0.63 per cent, after opening at Rs 3,168, against a previous close of Rs 3,158. It touched the intra-day high of Rs 3,182. (At 11:12 AM).


Lead futures gain on spot demand
26/08/2016 11:02
LEAD: UP Trend
Lead futures were trading higher during the morning trade in the domestic market on Friday as investors and speculators build up fresh positions in the industrial metal led by spurt in physical demand for lead, from battery-makers, in the domestic spot market. Further, a surge in demand from battery-makers in the domestic spot market, supported prices of lead at the domestic spot markets. At the MCX, lead futures for August 2016 contract is trading at Rs 125.05 per kg, up by 0.48 per cent, after opening at Rs 124.70, against a previous close of Rs 124.45. It touched the intra-day high of Rs 125.15 (at 11:01 hours).

Uptick in demand lifts aluminium futures by 0.50%
26/08/2016 10:58
ALUMINIUM: UP Trend
Aluminium futures were trading higher during the morning trade in the domestic market on Friday as participants indulged in widening their positions amidst increase in physical demand for aluminium in the domestic spot market. Further, uptick in demand for aluminium at the domestic spot market was mainly on account of building up of fresh bets by participants in the spot markets, supported aluminium prices at futures trade. At the MCX, aluminium futures for August 2016 contract is trading at Rs 110 per kg, up by 0.50 per cent, after opening at Rs 109.85, against a previous close of Rs 109.45. It touched the intra-day high of Rs 110.05 (at 10:55 hours).


Zinc futures up on spot demand
26/08/2016 10:52
ZINC: UP Trend
Zinc futures were trading higher during the morning trade in the domestic market on Friday as investors and speculators widened their bets amid an increase in demand from consuming industries at the domestic spot markets. Further, a rise in demand for zinc at the domestic spot market was due to building up of fresh positions by traders in the spot markets, supported zinc prices at futures trade. At the MCX, zinc futures for August 2016 contract is trading at Rs 155.15 per kg, up by 0.55 per cent, after opening at Rs 155, against a previous close of Rs 154.30. It touched the intra-day high of Rs 155.30 (at 10:48 hours).

Mcx Commodity News for CRUDEOIL, COPPER, GOLD & MENTHAOIL, : Morning Session - 25.08.2016

Mcx Commodity Market News : Morning Session - 25.08.2016

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Oil higher despite US stockpile surprise
25/08/2016 11:54
CRUDEOIL: Down Trend
Crude oil futures logged modest gains during morning trade in the domestic market on Thursday as investors and speculators booked fresh positions in the energy commodity even as US storage levels witnessed an unexpected surge last week, exacerbating fears over a global supply glut.
The EIA said that US crude supplies climbed 2.5 million barrels to 523.6 million barrels in the week ended August 19, 2016, the highest seasonal level in decades.
Further, stockpiles in Cushing, the biggest US oil storage hub climbed 375,000 last week.
At the MCX, Crude oil futures for September 2016 contract is trading at Rs. 3156 per barrel, up by 0.25 per cent, after opening at Rs. 3142, against the previous closing price of Rs. 3148. It touched the intra-day high of Rs. 3165. (At 11:16 AM).

Copper futures up 0.24% on spot demand
25/08/2016 11:00
COPPER: Down Trend
Copper futures were trading higher during the morning trade in the domestic market on Thursday as investors and speculators build up fresh positions amid a rise in demand for industrial metal from major consuming industries. Also, the China leading index rose 0.7 per cent in July from June, when it advanced 0.5 per cent.
However, traders remained cautious ahead of Fed Chair Janet Yellen’s speech on Friday which may offer more clues over when the Fed plans to raise interest rates next. At the MCX, copper futures for August 2016 contract is trading at Rs 309.40 per kg, up by 0.24 per cent, after opening at Rs 309.25, against a previous close of Rs 308.65. It touched the intra-day high of Rs 309.65 (at 10:49 hours).


Yellow metal loses sheen ahead of Yellen speech
25/08/2016 10:47
GOLD: Down Trend
Gold futures were trading little changed during the morning trade in the domestic market on Thursday as investors and speculators cut down their positions in the precious metal amid a weakening global trend ahead of US Fed Chair Yellen’s speech later this week.
Further, the fall in prices for gold was in-line with a weak trend overseas as investors hope for clarity this week on the near-term path for interest rates, hurting demand for the precious metal as a safe-haven investment.
At the MCX, gold futures for October 2016 contract is trading at Rs 31,034 per 10 grams, down by 0.04 per cent, after opening at Rs 31,029, against a previous close of Rs 31,046. It touched the intra-day low of Rs 31,014 (at 10:41 hours).


Mentha oil futures drop on subdued demand
25/08/2016 10:38
MENTHAOIL: Down Trend
Mentha oil futures were trading lower during the morning trade in the domestic market on Thursday as participants cut down their bets in the agri-commodity amid fall in physical demand from major consuming industries for mentha oil in the domestic spot market.
Further, a decline in demand for mentha oil futures was attributed to trimming of positions by traders in the spot market, influenced prices of mentha oil at futures trade.
At the MCX, mentha oil futures for August 2016 contract were trading at Rs 898 per kg, down by 0.31 per cent after opening at Rs 900, against the previous closing price of Rs 900.80. It touched the intra-day low of Rs 890.10 (at 10:35 hours).