Thursday, November 10, 2011

MCX Commodity Updates

Tag
Gold MCX Trend
Gold decline in today's session, from last 4-5 days gold trading was in positive. The yellow metal touched an intra-day low of 1777/oz and was hovering around $1778/oz till 4.45 pm IST. MCX Gold traded higher by 0.3 percent on account of Rupee depreciation and was trading at Rs28,831/10 gms till 4.45 pm IST today.

Crude Updates
Nymex crude oil prices declined by almost 1.5 percent today and are currently trading at $95.44/bbl taking cues from expected rise in US crude oil inventories, escalating concerns over Europe’s debt crisis and a stronger dollar. On the MCX, crude oil prices increased by 0.7 percent due to Rupee depreciation and was trading at Rs.4770/bbl till 4:45pm today. Crude trade in positive basis from yesterday & seems bullish for next trading hours.

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at 11/10/2011 06:12:00 PM

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