Bullion: Gold contracts were slightly higher on domestic exchanges tracking the gains in COMEX futures and weakness in rupee against the dollar. Gold futures rose on COMEX due to the weakness in dollar against the euro. Silver futures were trading down on local exchanges due to the fall in COMEX futures. But the weak rupee limited the downside in prices.
Metals: Domestic base metal futures were trading weak on the MCX tracking the trend on the London Metal Exchange. The fall in metal prices was, however, limited due to the weakness of the Indian rupee against the US dollar. On the LME, base metals drifted lower after China's weaker-than-expected industrial production and retail sales data.
Energy: Domestic crude oil futures were trading down tracking global cues but a weak rupee against the dollar capped the fall. Prices fell on the New York Mercantile Exchange after economic data out of China disappointed investors, adding that a stronger dollar further dented sentiment.
Posts
3 comments:
Thanks a lot for expressing a positive opinion on a manufacturing stock after a long time....MCX Gold Tips
hi thanks for sharing MCX Copper Trading Tips and mcx daily tip i was looking for this mcx tips
past few days and finally i got from your blog
thanks again sharing useful thought and updats
It's nice posting for the particular topic, thanks for it I always search such topics, everything connected to that. I really appreciate it.
Thanks & Regards:
Commodity Tips
Post a Comment