Wednesday, 7 September 2016

Latest Commodity Market News ; Gold Futures Rise 0.18% on Global Cues

At the Multi Commodity Exchange, gold for delivery in December rose by Rs 58 or 0.18 per cent to Rs 31,581 per ten grams in business turnover of one lot. Gold futures edged marginally lower on MCX despite surprisingly weak US service sector data reinforced expectations the Federal Reserve will hold off on raising rates in September.

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Tracking a firm trend overseas, gold traded higher by 0.18 per cent to Rs 31,581 per 10 grams in futures market today as traders enlarged positions. At the Multi Commodity Exchange, gold for delivery in December rose by Rs 58 or 0.18 per cent to Rs 31,581 per ten grams in business turnover of one lot. Similarly, the yellow metal for delivery in October contracts traded higher by Rs 56 or 0.18 per cent to Rs 31,434 per ten grams in 152 lots.

Copper futures edge higher on MCX :-
Copper futures edged higher on MCX as disappointing US economic data pushed the dollar lower, spurring demand for commodities. The contract for November delivery was trading at Rs 314.25, up by 1.03% or Rs 3.20 from its previous closing of Rs 311.05. The open interest of the contract stood at 35881.00 lots.

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