Mcx Commodity Market News : Morning Session
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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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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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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.
Free Mcx Commodity Trend Update ( Call - 9094047040)
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Join Our Whatsapp No : 9841986753
Keep Refresh for Fresh Tips
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.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Silver rises on firm global cues25/10/2016 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.
Click Here & Register To Get 2 days Trial Tips
Join Our Whatsapp No : 9841986753
Gold dips on strong US dollar25/10/2016 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.
