Gold rises on weak US dollar
27/09/2016 08:49
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Gold futures closed higher in the domestic market on Monday as a weaker dollar and losses in the U.S. stock market buoyed demand for the precious metal. Financial markets, however, braced for volatility that could be stirred by the evening debate between Democratic presidential candidate Hillary Clinton and her Republican rival Donald Trump. Investors also reassessed last week’s rise in gold to a two-week high on a boost from central-bank policy updates, including the Federal Reserve’s decision to hold off on hiking interest rates in September. At the MCX, gold futures for October 2016 contract ended at Rs 31,333 per 10 grams, up by 0.17 per cent, after opening at Rs 31,236, against a previous close of Rs 31,281. It touched the intra-day high of Rs 31,350.
Silver dips on weak global cues
27/09/2016 08:50
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 46,520 per kg, down by 0.63 per cent, after opening at Rs 46,800, against a previous close of Rs 46,817. It touched the intra-day low of Rs 46,310.
Crude oil rises as chances of output deal increase
27/09/2016 08:51
Crude oil futures closed higher in the domestic market on Monday as traders placed their latest wagers on the possibility that major producers will make progress this week on a pact to limit production. Analysts, meanwhile, believe that OPEC is increasing pressure to take action to support prices. At the MCX, crude oil futures for October 2016 contract closed at Rs 3079 per barrel, up by 3.39 per cent, after opening at Rs 2996, against a previous close of Rs 2978. It touched the intra-day high of Rs 3089.
27/09/2016 08:49
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Gold futures closed higher in the domestic market on Monday as a weaker dollar and losses in the U.S. stock market buoyed demand for the precious metal. Financial markets, however, braced for volatility that could be stirred by the evening debate between Democratic presidential candidate Hillary Clinton and her Republican rival Donald Trump. Investors also reassessed last week’s rise in gold to a two-week high on a boost from central-bank policy updates, including the Federal Reserve’s decision to hold off on hiking interest rates in September. At the MCX, gold futures for October 2016 contract ended at Rs 31,333 per 10 grams, up by 0.17 per cent, after opening at Rs 31,236, against a previous close of Rs 31,281. It touched the intra-day high of Rs 31,350.
Silver dips on weak global cues
27/09/2016 08:50
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 46,520 per kg, down by 0.63 per cent, after opening at Rs 46,800, against a previous close of Rs 46,817. It touched the intra-day low of Rs 46,310.
Crude oil rises as chances of output deal increase
27/09/2016 08:51
Crude oil futures closed higher in the domestic market on Monday as traders placed their latest wagers on the possibility that major producers will make progress this week on a pact to limit production. Analysts, meanwhile, believe that OPEC is increasing pressure to take action to support prices. At the MCX, crude oil futures for October 2016 contract closed at Rs 3079 per barrel, up by 3.39 per cent, after opening at Rs 2996, against a previous close of Rs 2978. It touched the intra-day high of Rs 3089.
