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Today Commodity MCX live Price.
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Showing posts with label
Today Commodity MCX live Price.
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Zinc futures were trading lower during the afternoon trade in the domestic market on Tuesday as speculators trimmed positions amid easing demand in the spot market. Analysts said offloading of positions by participants on the back of tepid demand in the spot markets, mainly led to decline in zinc prices at futures trade.
At the MCX, zinc futures for July 2018 contract was trading at Rs 182.50 per kg, down by 1.64 per cent, after opening at Rs 186.25, against a previous close of Rs 185.55. It touched the intra-day low of Rs 181.55.
Gold prices edged up in early Asian trade on Tuesday after hitting a two-week high in the previous session, amid political uncertainty over Brexit and as the U.S. dollar remained subdued.
Fundamentals
* Spot gold was up 0.1 percent at $1,258.12 an ounce at 0057 GMT. The metal touched its highest since June 26 at $1,265.87 on Monday.
* U.S. gold futures for August delivery were 0.1-percent lower at $1,258.70 an ounce.
* The dollar index, which measures the greenback against a basket of six major currencies, was steady at 94.028. It fell to its lowest since mid-June in the previous session.
* Prime Minister Theresa May's foreign minister and Brexit negotiator quit on Monday in protest at her plans to keep close trade ties with the European Union after Britain leaves the bloc, stirring rebellion in her party's ranks.
* Britain's ramshackle exit from the EU could damage economic growth in the euro zone, European Central Bank policymaker Ewald Nowotny said.
* Germany and China signed a raft of commercial accords worth some 20 billion euros ($23.5 billion) on Monday, with their leaders reiterating commitments to a multilateral global trade order despite a looming trade war with the United States.
* Speculators raised their net long position in COMEX gold contracts in the week to July 3, U.S. Commodity Futures Trading Commission data showed on Monday.
* Holdings of SPDR Gold Trust , the world's largest gold-backed exchange-traded fund fell 0.18 percent to 800.77 tonnes on Monday.
* Canadian miner Barrick Gold Corp and China's Shandong Gold on Monday said they would deepen cooperation beyond their Argentinian joint venture, potentially working together on acquisitions.
Gold futures traded lower on Monday, sticking at 2018 lows as overall strength in dollar and interest-rate expectations from Federal Reserve eroded appetite for the precious yellow metal. Gold prices had logged a weekly loss of 1.3% through Friday, as well as a 3.8% June decline and a 5.5% drop for the quarter, leaving prices down more than 4% so far in 2018.
Gold futures for August delivery settled down 0.5 percent at $1,248.70 per ounce, on the Comex division of the New York Mercantile. While, spot gold was down by 0.4 percent at $1,246.89 per ounce.
Oil prices rose on Friday, rallying on concerns that U.S. sanctions against Iran would remove a substantial volume of crude oil from world markets at a time of rising global demand.
U.S. crude was up more than 8 percent on the week, while Brent crude gained more than 5 percent.
"Now everyone is focused on the issue of spare capacity and the future," said Tamar Essner, Nasdaq's lead energy analyst. The market's attention has shifted to a spate of disruptions after weeks of focus on supply coming online from OPEC and other major producers.
U.S. crude rose 70 cents a barrel to settle at $74.15, on track for a weekly rise of 8.2 percent. The session high of $74.43 was the highest since Nov. 26, 2014.
Benchmark Brent crude settled up $1.59 at $79.44 a barrel.
"All the potential shortfalls could outstrip the production increase agreed to by OPEC and Russia," said Dominick Chirichella, Director of Risk Management at EMI DTN, noting the risk that supplies from Iran could be cut further if other countries follow the U.S. lead and cut imports from that country, the fifth-largest oil producer in the world.
Nickel futures were trading higher during the noon trade in the domestic market on Thursday as participants widened their bets, driven by pick-up in demand in the spot market. Analysts attributed rise in nickel futures to building-up of positions by traders due to pick up in demand from alloy- makers in the spot market.
At the MCX, nickel futures for June 2018 contract is trading at Rs 1052.70 per kg, up by 0.89 per cent, after opening at Rs 1049.20, against a previous close of Rs 1043.40. It touched the intra-day high of Rs 1054.30
Nickel futures were trading higher during the noon trade in the domestic market on Monday as participants widened their bets, driven by pick-up in demand in the spot market. Analysts attributed rise in nickel futures to building-up of positions by traders due to pick up in demand from alloy- makers in the spot market.
At the MCX, nickel futures for June 2018 contract is trading at Rs 1033.80 per kg, up by 0.34 per cent, after opening at Rs 1032.80, against a previous close of Rs 1030.30. It touched the intra-day high of Rs 1037.50
