Tuesday, 5 July 2016

Latest Commodities News ; Live MCX Gold Silver News

Today in Commodity Market Nickel futures rose during noon trade in the domestic market on Tuesday as investors and speculators booked fresh positions in the industrial metal amid a pickup in physical demand for nickel from alloy-makers in the domestic spot market. For more Latest  Commodity Market Calls Visit Us www.marketmagnify.com/freetrial.php or Get Free Trials Just Call @91-11-10-48-06

At the MCX, Nickel futures for July 2016 contract is trading at Rs 681.70 per kg, up by 0.80 per cent, after opening at Rs 670.10, against a previous close of Rs 676.30. It touched the intraday high of Rs 688.

Copper futures fell during noon trade in the domestic market on Tuesday as investors and speculators exited positions in the industrial metal amid weak physical demand for copper in the domestic spot market.

At the MCX, Copper futures for August 2016 contract is trading at Rs 330.65 per kg, down by 0.59 per cent, after opening at Rs 331.10, against a previous close of Rs 332.60. It touched the intra-day low of Rs 329.60

Gold futures closed higher in the domestic market on Monday amid fading expectations of a US Fed's rate hike in the next couple of months and as investors digested the political and economic aftermath of Brexit. Further, market players ruled out further rate hikes by the Fed this year in the aftermath of Brexit.

No comments:

Post a Comment