Mcx Commodity News for Menthaoil, Cardamom, Silver, Copper : Evening Session - 10.11.2016

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Mentha oil futures drop 1.84% on diminishing demand
10/11/2016 16:45
Mentha oil futures were trading lower during the evening trade in the domestic market on Thursday as investors and speculators cut down their bets in the agri-commodity amid fall in physical demand for mentha oil from major consuming industries at the domestic spot market.
Further, offloading of positions by participants in the domestic spot market on downtick in demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks positions on higher supplies from producing regions, influenced mentha oil prices at futures trade.
At the MCX, mentha oil futures for November 2016 contract is trading at Rs 919 per kg, down by 1.84 per cent after opening at Rs 934.30, against the previous closing price of Rs 936.20. It touched the intra-day low of Rs 909.30 (at 16:44 hours).

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Sluggish demand drags down cardamom futures by 1.52%
10/11/2016 16:40
Cardamom futures were trading lower during the evening trade in the domestic market on Thursday as investors and speculators exited their positions in the agri-commodity amid sluggish physical demand for cardamom in the domestic spot market. Further, sufficient supplies on higher physical arrivals from the major cardamom producing regions, also influenced the downtrend in the domestic cardamom prices. At the MCX, cardamom futures for November 2016 contract is trading at Rs 1,300 per kg, down by 1.52 per cent, after opening at Rs 1,280.50, against a previous close of Rs 1,320.10. It touched the intra-day low of Rs 1,280.50 (at 16:39 hours).

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Silver futures shine on overseas cues
10/11/2016 15:38
Silver futures were trading higher during the evening trade in the domestic market on Thursday as safe-haven assets become more attractive for investors led by black money crackdown and surge in global cues amid Donald Trump's victory in US presidential election.
The prices for silver rose as traditional safe-haven become more attractive for investors in times of high economic risk. Also, the US dollar weaken against a basket of other leading currencies.
At the MCX, silver futures for December 2016 contract is trading at Rs 44,043 per kg, up by 1.53 per cent, after opening at Rs 43,535, against a previous close of Rs 43,379. It touched the intra-day high of Rs 44,405 (at 15:35 hours).

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Copper futures climb 4.49% on spot demand, global cues
10/11/2016 15:32
Copper futures were trading higher during the afternoon trade in the domestic market on Thursday as participants widened their positions in the industrial metal amid rising spot demand and a firm trend overseas.
Analysts said apart from surging demand from domestic consuming industries, firmness in the base metals pack at the LME, influenced copper futures.
At the MCX, copper futures for November 2016 contract is trading at Rs 376.95 per kg, up by 4.49 per cent, after opening at Rs 367.20, against a previous close of Rs 360.75. It touched the intra-day high of Rs 379.60 (at 15:24 hours).

Mcx Commodity News for Gold, Silver : Evening Session - 28.10.2016

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Yellow metal in reverse gear ahead of US Q3 GDP
28/10/2016 13:59
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Gold futures were trading lower during the afternoon trade in the domestic market on Friday as investors and speculators exited their positions in the precious metal ahead of the US Q3 GDP data and its possible impact on US Fed monetary policy.
The US Federal Reserve officials have indicated that interest rates could rise in December if the economy remains on track.
At the MCX, gold futures for December 2016 contract is trading at Rs 29890 per 10 grams, down by 0.12 per cent, after opening at Rs 29989, against a previous close of Rs 29927. It touched the intra-day low of Rs 29885 (at 13:53 hours).


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White metal loses sheen
28/10/2016 14:06
Following gold, silver futures were trading lower during the afternoon trade in the domestic market on Friday as participants trimmed their bets in the precious metal ahead of the US Q3 GDP data and its possible impact on US Fed monetary policy.
Further, analysts attributed the fall in silver prices at futures trade to a weak trend in the precious metal overseas as the US Federal Reserve officials have indicated that interest rates could be raised in December if the economy remains on track.
At the MCX, silver futures for December 2016 contract is trading at Rs 42118 per kg, down by 0.25 per cent, after opening at Rs 42238, against a previous close of Rs 42222. It touched the intra-day low of Rs 42110 (at 13:53 hours).

Mcx Commodity News for Menthaoil, Cardamom, Aluminium, Silver : Evening Session - 26.10.2016

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Upbeat physical demand buoys Mentha Oil
26/10/2016 14:38
Mentha Oil futures rose during noon trade in the domestic market on Wednesday as investors and speculators booked fresh positions in the agri-commodity amid a pickup in physical demand for mentha oil in the domestic spot market.
Further, restricted supplies amid lower physical arrivals from the major mentha oil producing regions also exerted upward pressure on domestic mentha oil prices.
At the MCX, mentha oil futures for October 2016 contract were trading at Rs 899.2 per kg, up by 0.66 per cent after opening at Rs 894.1, against the previous closing price of Rs 893.30. It touched the intra-day high of Rs 901 (at 14:36 PM).


Cardamom little changed on soft physical demand
26/10/2016 14:37
Cardamom futures were trading flat, with a positive bias during noon trade in the domestic market on Wednesday as investors and speculators stayed cautious over booking fresh positions in the agri-commodity amid soft physical demand for cardamom from the domestic spot market.
However, restricted supplies amid lower physical arrivals from the major cardamom producing regions also exerted downward pressure on domestic cardamom prices.
At the MCX, cardamom futures for November 2016 contract is trading at Rs 1227 per kg, up by 0.05 per cent, after opening at Rs 1208.2, against a previous close of Rs 1226.40. It touched the intra-day high of Rs 1238.9 (at 14:28 PM).


Aluminium futures flat on muted demand
26/10/2016 13:48
Aluminium futures were trading flat during the afternoon trade in the domestic market on Wednesday as investors and speculators remained on the sidelines in the industrial metal amidst muted physical demand for aluminium in the domestic spot market.
Further, subdued demand for aluminium at the domestic spot market was due to trimming of positions by speculators in the spot markets, influenced aluminium prices at futures trade.
At the MCX, aluminium futures for October 2016 contract is trading flat at Rs 111.30 per kg after opening at Rs 111.40, against a previous close of Rs 111.30. It touched the intra-day low of Rs 111.05 (at 13:46 hours).


White metal shines on firm global cues
26/10/2016 13:40
Silver futures were trading higher during the afternoon trade in the domestic market on Wednesday 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 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 42500 per kg, up by 0.20 per cent, after opening at Rs 42452, against a previous close of Rs 42415. It touched the intra-day high of Rs 42569 (at 13:33 hours).

Mcx Commodity News for Cardamom, Silver, Nickel, Crudeoil : Evening Session - 25.10.2016

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Cardamom futures gain on upsurge in demand
25/10/2016 16:49
Cardamom futures were trading higher during the evening trade in the domestic market on Tuesday as investors and speculators extended their positions in the agri-commodity amid upsurge in physical demand for cardamom in the domestic spot market along with export demand. Further, insufficient supplies on restricted physical arrivals from the major cardamom producing regions, too supported the uptrend in the domestic cardamom prices. At the MCX, cardamom futures for November 2016 contract is trading at Rs 1228.90 per kg, up by 0.20 per cent, after opening at Rs 1249, against a previous close of Rs 1226.40. It touched the intra-day high of Rs 1253 (at 16:50 hours).

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White metal shines on global cues
25/10/2016 16:43
Silver futures were trading higher during the evening trade in the domestic market on Tuesday as participants widened their bets in the precious metal tracking positive cues from global markets.
Further, analysts attributed the rise in silver prices at futures trade to a firm trend in the precious metal overseas where silver rose to the highest in more than 2 weeks after European manufacturing data added to evidence of a pick up in the region's economy, boosting the demand outlook for metals.
At the MCX, silver futures for December 2016 contract is trading at Rs 42323 per kg, up by 0.63 per cent, after opening at Rs 42151, against a previous close of Rs 42058. It touched the intra-day high of Rs 42417 (at 16:33 hours).

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Nickel futures zoom 1.46% on uptick in demand
25/10/2016 16:38
Nickel futures were trading higher during the evening trade in the domestic market on Tuesday as investors and speculators build up fresh bets in the industrial metal amid an increase in physical demand for nickel from major consuming industries in the domestic spot market. The prices of nickel rise due to raising of positions by participants in the industrial metal on account of upsurge in spot demand from alloy-makers at domestic spot markets.
At the MCX, nickel futures for October 2016 contract is trading at Rs 687.50 per kg, up by 1.46 per cent, after opening at Rs 680.40, against a previous close of Rs 677.60. It touched the intra-day high of Rs 688.30 (at 16:41 hours).

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Crude oil futures rise ahead of US data
25/10/2016 16:37
Crude oil futures were trading higher during the evening trade in the domestic market on Tuesday as investors and speculators widened their positions in the energy commodity ahead of the release of the US crude inventory data.
However, a flurry of top-level comments from OPEC members regarding chances of an output cut restricted further rise in prices.
At the MCX, crude oil futures for November 2016 contract is trading at Rs 3403 per barrel, up by 1.43 per cent, after opening at Rs 3360, against a previous close of Rs 3355. It touched the intra-day high of Rs 3414 (at 16:33 hours).

Mcx Commodity News for GOLD, SILVER, CRUDEOIL : Morning Session - 25.10.2016

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Crude oil dips on doubts over OPEC deal
25/10/2016 08:50
Crude oil futures closed lower in the domestic market on Monday as doubts surrounding the Organization of the Petroleum Exporting Countries’s plan to curb production resurfaced 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 3358 per barrel, down by 1.29 per cent, after opening at Rs 3393, against a previous close of Rs 3402. It touched the intra-day low of Rs 3332.

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Silver rises on firm global cues
25/10/2016 08:49
Silver futures closed higher in the domestic market on Monday 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 42,039 per kg, up by 0.19 per cent, after opening at Rs 41,997, against a previous close of Rs 41,958. It touched the intra-day high of Rs 42,570.

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Gold dips on strong US dollar
25/10/2016 08:49
Gold futures closed lower in the domestic market on Monday as the U.S. dollar touched another 8-month high in the wake of data showing that the pace of growth among American manufacturers was better than expected in October.
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 29743 per 10 grams, down by 0.68 per cent, after opening at Rs 29,905, against a previous close of Rs 29,946. It touched the intra-
day low of Rs 29,730.

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 GOLD, SILVER, CRUDEOIL : Morning Session - 24.10.2016

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Silver rises on firm global cues
24/10/2016 08:52
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 41,998 per kg, up by 0.001 per cent, after opening at Rs 41,839, against a previous close of Rs 41,996. It touched the intra-day high of Rs 42,068.

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Crude oil up as output cut likely
24/10/2016 08:52
Crude oil futures closed higher in the domestic market on Friday amid growing expectations that major crude producers will strike a firm deal late next month to curb output.
Russia had expressed interest in the past in collaborating with OPEC in a production cut but the lack of a firm and clear commitment from Moscow is making some people in the industry jittery. Without Russia’s participation, OPEC’s plan to cut production by 200,000 to 700,000 barrels a day could flop because members wouldn’t want to cut their own production in fear they will lose market share to non-OPEC producers.
At the MCX, crude oil futures for November 2016 contract closed at Rs 3409 per barrel, up by 0.29 per cent, after opening at Rs 3390, against a previous close of Rs 3399. It touched the intra-day high of Rs 3424.

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Gold rises as Fed rate hike uncertainty continues
24/10/2016 08:51
Gold futures closed higher in the domestic market on Friday as uncertainty surrounding the outcome of the U.S. election and the timing of Federal Reserve’s next interest-rate hike helped to lift investment interest in the yellow metal despite some strength in the U.S. dollar.
Currently, Fed futures trading indicate that a solid chance for a December move remains priced in to trading. Precious metals, which don’t offer a yield, can see demand diminish compared with investments that bear a yield in a rising-rate climate.
At the MCX, gold futures for December 2016 contract ended at Rs 29963 per 10 grams, up by 0.18 per cent, after opening at Rs 29,850, against a previous close of Rs 29,910. It touched the intra-day high of Rs 29,975.

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).

Mcx Commodity News for GOLD, SILVER, CRUDEOIL : Morning Session - 21.10.2016

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Crude oil down as U.S. crude supplies dip
21/10/2016 08:47
Crude oil futures closed lower in the domestic market on Thursday after data showed an unexpected weekly drop in U.S. crude supplies and optimism surrounding the Organization of the Petroleum Exporting countries’ plan to limit output lifted prices in New York to their highest level since mid-July of last year.
Many market watchers aren’t enthused by the deal, saying the group’s longstanding internal tensions will make it difficult for all members to be on board. Even if a deal is struck, it remains a question if the members would obey to the production quotas.
At the MCX, crude oil futures for October 2016 contract closed at Rs 3395 per barrel, down by 2.22 per cent, after opening at Rs 3463, against a previous close of Rs 3472. It touched the intra-day low of Rs 3385.

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Silver down on weak global cues
21/10/2016 08:47
Silver futures closed lower in the domestic market on Thursday 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 41,990 per kg, down by 0.48 per cent, after opening at Rs 42,350, against a previous close of Rs 42,194. It touched the intra-day low of Rs 41,821.

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Gold up as dollar remains under pressure
21/10/2016 08:46
Gold futures closed higher in the domestic market on Thursday as the U.S. dollar remained moderately challenged by the upcoming US presidential debate and after the missed U.S. housing-sector data.
The yellow metal extended its gains after the remarkable recovery of China’s economy, one of the top gold enthusiasts worldwide.
At the MCX, gold futures for December 2016 contract ended at Rs 29905 per 10 grams, up by 0.01 per cent, after opening at Rs 29,990, against a previous close of Rs 29,901. It touched the intra-day high of Rs 30,063.

Mcx Commodity News for Gold, Silver, Zinc: Evening Session - 20.10.2016

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Zinc dips on weak US housing data
20/10/2016 13:12
Zinc futures fell during afternoon trade in the domestic market on Thursday as investors and speculators exited positions in the industrial metal amid weak physical demand for zinc in the domestic spot market. Further, a gauge measuring homebuilder sentiment in the US declined to 63 in October from 65 in September, signalling a faltering housing market recovery in the world’s biggest economy, clouding the demand outlook for the metal. Meanwhile, China’s economy was stable in the September quarter with GDP coming in at 6.7 per cent.
At the MCX, zinc futures for October 2016 contract is trading at Rs 153.15 per kg, down by 0.39 per cent, after opening at Rs 153.80, against a previous close of Rs 153.75. It touched the intra-day low of Rs 152.80 (at 01:17 PM).

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Silver rises on strong global cues

20/10/2016 12:44
Silver futures were trading 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 were trading at Rs 42,240 per kg, up by 0.11 per cent, after opening at Rs 42,350, against a previous close of Rs 42,194. It touched the intra-day high of Rs 42,385(at 12:45 hrs)

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Gold rises on weak US housing data
20/10/2016 12:10
Gold futures were trading higher in the domestic market on Thursday as the U.S. dollar continued to trade off multimonth highs hit earlier this month on the back of a drop in monthly domestic housing starts.
The downbeat economic data could dull prospects for an interest-rate increase by the Federal Reserve before the year is up which may help gold rise.
At the MCX, gold futures for December 2016 contract ended at Rs 29969 per 10 grams, up by 0.23 per cent, after opening at Rs 29,990, against a previous close of Rs 29,901. It touched the intra-day high of Rs 30,005. (at 12:15 hrs)

Mcx Commodity News for GOLD, SILVER, CRUDEOIL : Morning Session - 20.10.2016

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Crude oil rises as US stockpiles decline
20/10/2016 08:50
Crude oil futures closed higher in the domestic market on Wednesday after the U.S. Energy Information Administration reported that domestic crude supplies dropped by 5.2 million barrels in the week ended Oct. 14. Prices got off to an upbeat start after an official from Saudi Arabia said crude producers who aren’t OPEC members have shown willingness to join the cartel’s effort to limit output. At the MCX, crude oil futures for October 2016 contract closed at Rs 3450 per barrel, up by 3.29 per cent, after opening at Rs 3358, against a previous close of Rs 3340. It touched the intra-day high of Rs 3464.

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Silver rises on firm global cues
20/10/2016 08:49
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 42,200 per kg, up by 0.06 per cent, after opening at Rs 42,185, against a previous close of Rs 42,175. It touched the intra-day high of Rs 42,477

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Gold up on weak US housing data
20/10/2016 08:48
Gold futures closed higher in the domestic market on Wednesday as the U.S. dollar continued to trade off multimonth highs hit earlier this month on the back of a drop in monthly domestic housing starts. The downbeat economic data could dull prospects for an interest-rate increase by the Federal Reserve before the year is up which may help gold rise. At the MCX, gold futures for December 2016 contract ended at Rs 29908 per 10 grams, up by 0.41 per cent, after opening at Rs 29,779, against a previous close of Rs 29,786. It touched the intra-day high of Rs 29,995.

Mcx Commodity News for GOLD, SILVER, CRUDEOIL : Morning Session - 19.10.2016

Mcx Commodity Market News : Morning Session - 18.10.2016

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Crude oil rises as crude supplies decline
19/10/2016 08:32
Crude oil futures closed higher in the domestic market on Tuesday after the American Petroleum Institute reported a 3.8 million-barrel decline in U.S. crude supplies for the week ended Oct. 14.
Oil prices have generally risen since the preliminary OPEC deal was announced in late September. Members won’t complete details of the deal until the Nov. 30 meeting in Vienna.
At the MCX, crude oil futures for October 2016 contract closed at Rs 3346 per barrel, up by 0.69 per cent, after opening at Rs 3348, against a previous close of Rs 3323. It touched the intra-day high of Rs 3374.

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Silver rises on firm global cues
19/10/2016 08:31
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 42,175 per kg, up by 0.73 per cent, after opening at Rs 42,099, against a previous close of Rs 41,871. It touched the intra-day high of Rs 42,370

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Gold up as US dollar eases
19/10/2016 08:31
Gold futures closed higher in the domestic market on Tuesday as strength in the British pound helped the U.S. dollar ease back from recent multimonth highs.
Signs of a pickup in inflation, which tends to be supportive for gold, also gave the metal a lift.
At the MCX, gold futures for December 2016 contract ended at Rs 29776 per 10 grams, up by 0.24 per cent, after opening at Rs 29,750, against a previous close of Rs 29,705. It touched the intra-day high of Rs 29,840.

Mcx Commodity News for Copper, Silver: Evening Session - 18.10.2016

Mcx Commodity Market News : Evening Session - 18.10.2016

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White metal shines on positive overseas cues
18/10/2016 14:44
Silver futures were trading higher during the afternoon trade in the domestic market on Tuesday as investors widened their bets in the precious metal amid firming global trends.
Further, analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metal overseas as dollar weakened on an unexpected fall in US manufacturing index raised demand for the precious metals as a safe-haven.
At the MCX, silver futures for December 2016 contract is trading at Rs 42225 per kg, up by 0.85 per cent, after opening at Rs 42099, against a previous close of Rs 41871. It touched the intra-day high of Rs 42333 (at 14:40 hours).

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Copper futures up on rising demand
18/10/2016 14:36
Copper futures were trading higher during the afternoon trade in the domestic market on Tuesday as participants widened their positions in the industrial metal amid rise in physical demand for copper in the domestic spot market.
Further, an increase in demand for copper at the domestic spot market was led by building up of fresh positions by investors in the spot markets, supported copper prices at futures trade.
At the MCX, copper futures for November 2016 contract is trading at Rs 314.30 per kg, up by 0.30 per cent, after opening at Rs 313.90, against a previous close of Rs 313.35. It touched the intra-day high of Rs 315.15 (at 14:28 hours).

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LME Inventories Data: Oct 18, 2016
18/10/2016 14:29
Copper stocks +2200 MT to 348000, Aluminum Stocks +2550 MT to 2085800 MT, Nickel Stocks -1194 MT to 361284 MT, Zinc Stocks +100 MT to 455750 MT, Lead Stocks +600 MT to 190400 MT.

Mcx Commodity News for GOLD, SILVER, CRUDEOIL : Morning Session - 18.10.2016

Mcx Commodity Market News : Morning Session - 18.10.2016

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Crude oil dips as OPEC output climbs
18/10/2016 08:54
Crude oil futures closed lower in the domestic market on Monday as an increase in the number of rigs actively drilling for oil in the U.S. and rising crude output from major producers pushed prices in to lower levels.
Ahead this week, the market will watch for the weekly U.S. crude inventories and production data to be released on Wednesday. China will also release its monthly crude production and throughput data on the same day.
At the MCX, crude oil futures for October 2016 contract closed at Rs 3327 per barrel, down by 0.36 per cent, after opening at Rs 3356, against a previous close of Rs 3339. It touched the intra-day low of Rs 3306.

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Silver rises on firm global cues
18/10/2016 08:53
Silver futures closed higher in the domestic market on Monday 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 41,920 per kg, up by 0.24 per cent, after opening at Rs 41,826, against a previous close of Rs 41,821. It touched the intra-day high of Rs 41,990.

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Gold up on weak US data
18/10/2016 08:52
Gold futures closed higher in the domestic market on Monday after a survey showed that US consumer confidence unexpectedly fell to a one-year low in October amid a contentious presidential campaign. Bullion remained under pressure during the day as the dollar rose after U.S. economic data came in within analysts' expectations, cementing assumptions of an interest rate increase by the Federal Reserve by year-end. Gold is highly sensitive to increases in U.S. interest rates, which can lift the opportunity cost of holding non-interest-bearing gold.
At the MCX, gold futures for December 2016 contract ended at Rs 29726 per 10 grams, up by 0.24 per cent, after opening at Rs 29,673, against a previous close of Rs 29,656. It touched the intra-day high of Rs 29,734.

Mcx Commodity News for Zinc, Lead, Silver : Morning Session - 17.10.2016

Mcx Commodity Market News : Morning Session - 17.10.2016

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Zinc bears in control
17/10/2016 12:50
Zinc futures fell during noon trade in the domestic market on Monday as investors and speculators exit positions in the industrial metal amid weak physical demand for zinc in the domestic spot market.
At the MCX, zinc futures for October 2016 contract is trading at Rs 150.40 per kg, down by 0.07 per cent, after opening at Rs 150.70, against a previous close of Rs 150.50. It touched the intra-day low of Rs 150.35 (at 12:54 PM).

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Lead advances driven by firm demand
17/10/2016 12:21
Lead futures rose during the afternoon trade in the domestic market on Monday amid a firming trend at the spot market on rising demand from battery makers. Furthermore, a firming trend in base metals overseas supported the upside in metal prices. According to market analysts, rising demand from battery makers at spot markets and strength in base metals at the London Metal Exchange helped lead futures trade higher.
At the MCX, lead futures for October 2016 contract was trading at Rs 133.40 per kg, up by 0.34 per cent, after opening at Rs 133.80, against a previous close of Rs 132.95. It touched the intra-day high of Rs 133.80 (at 12:22 hrs).

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Silver bulls rule the roost
17/10/2016 11:45
Silver futures jumped during late morning trade in the domestic market on Monday 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 was trading at Rs 41,861 per kg, up by 0.10 per cent, after opening at Rs 41,826, against a previous close of Rs 41,821. It touched the intra-day high of Rs 41,921 (At 11:44 hrs).

Mcx Commodity News for GOLD, SILVER, CRUDEOIL : Morning Session - 17.10.2016

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Crude oil dips as details of output cut awaited
17/10/2016 08:53
Crude oil futures closed lower in the domestic market on Friday as market players awaited details of a planned output cut by the Organization of the Petroleum Exporting Countries.
The Organization of the Petroleum Exporting Countries reached an agreement to limit production 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, market analysts remained skeptical of the deal, pondering how such a plan would be implemented.
At the MCX, crude oil futures for October 2016 contract closed at Rs 3339 per barrel, down by 0.77 per cent, after opening at Rs 3386, against a previous close of Rs 3365. It touched the intra-day low of Rs 3328.

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Silver down on weak global cues
17/10/2016 08:53
Silver futures closed 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 closed at Rs 41,780 per kg, down by 0.26 per cent, after opening at Rs 41,856, against a previous close of Rs 41,890. It touched the intra-day low of Rs 41,567.

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Gold dips on firm US economic data
17/10/2016 08:52
Gold futures closed lower in the domestic market on Friday as the dollar rose after U.S. economic data came in within analysts' expectations, cementing assumptions of an interest rate increase by the Federal Reserve by year-end.
Gold is highly sensitive to increases in U.S. interest rates, which can lift the opportunity cost of holding non-interest-bearing gold.
At the MCX, gold futures for December 2016 contract ended at Rs 29624 per 10 grams, down by 0.29 per cent, after opening at Rs 29,675, against a previous close of Rs 29,709. It touched the intra-
day low of Rs 29,460.

Mcx Commodity News for GOLD, SILVER, CRUDEOIL : Morning Session - 14.10.2016

Mcx Commodity Market News : Morning Session - 14.10.2016

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Silver dips on feeble global cues
14/10/2016 08:50
Silver futures closed lower in the domestic market on Thursday 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 41,936 per kg, down by 0.27 per cent, after opening at Rs 42,300, against a previous close of Rs 42,051. It touched the intra-day low of Rs 41,851.

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Crude oil rises as US output drops
14/10/2016 08:50
Crude oil futures closed higher in the domestic market on Thursday in the wake of a U.S. government report that revealed the first weekly rise in crude supplies since the end of August, but also a drop in output for the lower 48 states to the lowest level in over two years.
Oil had already posted declines in the past two sessions after recent data showed an increase in monthly production from the Organization of the Petroleum Exporting Countries, raising doubts that the group will be able to cut member output to its proposed target of 32.5 million and 33 million barrels a day.
At the MCX, crude oil futures for October 2016 contract closed at Rs 3372 per barrel, up by 0.63 per cent, after opening at Rs 3331, against a previous close of Rs 3351. It touched the intra-day high of Rs 3385.

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Gold up on firm global cues
14/10/2016 08:49
Gold futures closed higher in the domestic market on Thursday as speculators enlarged positions amid a firm global trend.
Market analysts attributed rise in gold prices at futures trade to building up of fresh positions by participants, tracking positive global cues.
At the MCX, gold futures for December 2016 contract ended at Rs 29720 per 10 grams, up by 0.23 per cent, after opening at Rs 29,800, against a previous close of Rs 29,651. It touched the intra-day
high of Rs 29,885.

Mcx Commodity News for GOLD, SILVER, CRUDEOIL : Morning Session - 13.10.2016

Mcx Commodity Market News : Morning Session - 13.10.2016

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Crude oil down as output rises
13/10/2016 08:52
Crude oil futures closed lower in the domestic market on Wednesday as uncertainty over Russia’s willingness to cut production and a monthly rise in output from OPEC members sent prices lower for a second session in a row. The increase in oil production comes at a time when producers inside the Organization of the Petroleum Exporting Countries are in discussions with Russia, a non-OPEC player, on ways to chip away the glut and stabilize prices. At the MCX, crude oil futures for October 2016 contract closed at Rs 3357 per barrel, down by 0.86 per cent, after opening at Rs 3400, against a previous close of Rs 3386. It touched the intra-day low of Rs 3336.

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Silver up on firm global cues
13/10/2016 08:51
Silver futures closed higher in the domestic market on Wednesday as participants widened their positions, tracking a firm trend in global market. Analysts attributed the rise in silver prices at the futures trade to expanding of positions by speculators, tracking a firm trend in precious metals overseas. At the MCX, silver futures for December 2016 contract closed at Rs 42,100 per kg, up by 0.24 per cent, after opening at Rs 41,867, against a previous close of Rs 41,998. It touched the intra-day high of Rs 42,150.

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Gold down after US dollar gains
13/10/2016 08:50
Gold futures closed lower in the domestic market on Wednesday pressured by modest gains in the dollar, but prices headed higher in electronic trade after the Federal Reserve released minutes from its September meeting. The minutes, which were released after gold futures settled for the session, showed that officials from the central bank held off raising interest rates in September even though they said there was a reasonable argument for an increase. At the MCX, gold futures for December 2016 contract ended at Rs 29661 per 10 grams, down by 0.20 per cent, after opening at Rs 29,692, against a previous close of Rs 29,719. It touched the intra-day low of Rs 29,590.

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 GOLD, SILVER, CRUDEOIL : Morning Session - 10.10.2016

Mcx Commodity Market News : Morning Session - 10.10.2016

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White metal shines on global cues
10/10/2016 09:43
Silver futures closed higher in the domestic market on Friday as investors and speculators widened their positions in the precious metals amid firm trend in global markets.
Further, participants build up of positions by tracking a slightly better trend in global markets for precious metals after the September US non-farm payrolls came in at up 156,000, which was a slight miss to the downside from market expectations of a rise of 170,000, supported prices for silver at futures trade.
At the MCX, silver futures for December 2016 contract ended at Rs 41846 per kg, up by 0.78 per cent, after opening at Rs 41625, against a previous close of Rs 41521. It touched the intra-day high of Rs 42300.

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Crude oil futures in reverse gear
10/10/2016 09:33
Crude oil futures closed lower in the domestic market on Friday as investors and speculators exited their positions in the energy commodity tracking weak cues from global markets on hopes of OPEC crude output cuts.
Further, a report showed that the US drillers adding rigs in 14 of the past 15 weeks, too weighed on crude oil prices at futures trade.
At the MCX, crude oil futures for October 2016 contract ended at Rs 3322 per barrel, down by 1.37 per cent, after opening at Rs 3361, against a previous close of Rs 3368. It touched the intra-day low of Rs 3296.

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Yellow metal little changed on overseas cues
10/10/2016 09:13
Gold futures closed little changed in the domestic market on Friday as investors and speculators widened their positions in the precious metal tracking positive cues from overseas markets after the US September jobs report.
The September US non-farm payrolls came in at up 156,000, which was a slight miss to the downside from market expectations of a rise of 170,000, thus raised demand for the safe haven.
At the MCX, gold futures for December 2016 contract ended at Rs 29,592 per 10 grams, up by 0.06 per cent, after opening at Rs 29,600, against a previous close of Rs 29575. It touched the intra-day high of Rs 29860.