Friday, September 2, 2011

MCX Commodity Market Updates Today | MCX Gold Tips

Gold for Dec delivery declined $2.60, to $1,829.10 an ounce on the Comex. Spot Gold is currently trading at $1828. MCX Gold October contract settled yesterday at Rs. 27215, it was up by Rs. 31. Silver spot market is currently trading at $41.64. It is up by 17 cents for the day. MCX Silver Dec contract settled yesterday at Rs. 64145.

All Base Metals in MCX are trading on a negative note for the day. Crude for October delivery fell 32 cents, to $88.61 a barrel on  the Nymex. MCX Crude Oil Sep contract is currently trading at Rs. 4075, it is down  by Rs. 18 for the day.
  • Weakness in equity markets is weighing on crude oil prices. 
  • NYMEX gas trades weaker Friday after 0.1% slide yesterday.  
  • Gold trades higher on safe-haven demand.
  • Base metal and crude trade lower on rising rise aversion.
  • NYMEX crude trades in a narrow range  over $88/bbl ahead of US jobs data. 
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