Today Mcx Natural Gas News

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Natural Gas futures slumped by 4 per cent in the domestic market on Wednesday as investors and speculators exited positions in the energy commodity tracking a weak trend in the overseas market as forecasts calling for warmer than average temperatures in the US later in February threatened to curb the demand for the heating fuel in the world’s biggest gas consuming nation. 

About 49 per cent of US households use natural gas for heating purposes. November to March is the peak US gas heating season. 

Caution ahead of Thursday’s weekly US storage data which will offer fresh cues over the demand for the fuel in the country also weighed on sentiment.

MCX Gold Silver Tips By MarketMagnify

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Gold News spot gold prices surged by 0.7 percent to close at $1197 per ounce as weakness in the DX on anticipation of no rate hike in March meting supported the precious metal.
The U.S. dollar tumbled to a nearly four-month low against a basket of major currencies, further supporting bullion prices.

ON the MCX, gold prices declined by 0.4 percent to close at Rs.28317 per 10 gms.

Silver News

Spot silver prices gained by 0.3 percent on Wednesday to close at $15.3 per ounce in line with strength in gold prices and weakness in the DX. However, Weak base metals pack exerted downside pressure on prices. 

On the MCX, silver prices fell by 1.3 percent to close at Rs.36780 per kg.

Jeera Latest News Update By MarketMagnify

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Jeera prices closed higher by 1.19 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions.

 At the NCDEX, jeera futures for March 2016 contract closed at Rs. 14,425 per quintal, up by 1.19 per cent, after opening at Rs. 14,225 against the previous closing price of Rs. 14,255. It touched the intra-day high of Rs. 14,475. 

Sentiment improved further as a result of reduced domestic supplies in the physical markets and some export enquiries.

Live Mcx Market News On Crude oil

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Crude oil futures tumbled by over 2 per cent in the domestic market on Wednesday as investors and speculators shunned the energy commodity amidst lingering fears over a growing supply glut as hopes of an agreement between OPEC and Non-OPEC producers, to curb production, faded while the IEA warned that oversupplies may worsen in the first half of this year as Iran and Iraq bolster production while demand slows. 

Traders digested mixed US inventory data which showed that while crude stockpiles fell by 754,000 to 502 million barrels in the week ended February 5, 2016, compared to expectations of a 3.2 million barrels increase, supplies at Cushing, the biggest US oil storage hub, surged to a record high of near 65 million barrels.

Live Mcx lme Inventory

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ALUMINIUM          -4800

COPPER                  -825

LEAD                      -100

NICKEL            (Unchange)

TIN                         NA

ZINC                  - 1275

Mcx Gold and Silver Price Today

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Gold Tips spot gold prices declined by 0.2 percent on Tuesday to close at $1188.5 per ounce however, prices hovered beneath the previous session's 7-1/2-month high of $1,200 an ounce.

The U.S. dollar tumbled to a nearly four-month low against a basket of major currencies, further supporting bullion prices.

ON the MCX, gold prices declined marginally by 0.07 percent to close at Rs.28437 per 10 gms.

Silver Tips Spot silver prices declined by half a percent on Tuesday to close at $15.2 per ounce in line with weakness in gold prices. Weak base metals pack also exerted downside pressure on silver prices.

On the MCX, silver prices rose marginally by 0.33 percent to close at Rs.37248 per kg.

Today Cardamom News By MarketMagnify

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Cardamom prices fell by 3 per cent on Wednesday at the Multi Commodity Exchange (MCX) due to the adequate stocks availability in the physical market on account of higher supply from the producing belts of Chandausi in Uttar Pradesh. 

At MCX, Cardamom futures for February 2016 contract were trading at Rs. 608.10 per kg, down by 3 per cent, after opening at Rs. 608.10 against the previous closing price of Rs. 626.90. It touched the intra-day low of Rs. 608.10 till the trading. 

 Sentiment weakened further as the traders booked profits at the prevailing levels in the midst of a subdued demand for the commodity. 

Barley News Today

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Barley prices closed lower by 0.38 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors booked profits at the higher on account of the weak physical markets and also due to the fall in the demand from beer and cattle-feed makers.

 At the NCDEX, barley futures for May 2016 contract closed at Rs. 1,438 per quintal, down by 0.38 per cent, after opening at Rs. 1,434.5 against the previous closing price of Rs. 1,443.5. It touched the intra-day low of Rs. 1,434.5. 

Today's Mcx Market Update on Zinc

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Zinc futures bit the dust on Tuesday, with prices tanking nearly 3 per cent in the domestic market as investors and speculators exited positions in the industrial metal amidst weak physical demand for zinc in the domestic spot market. 

Further, a surprise in dip in industrial output in Germany signaled worries over the health of Europe’s biggest economy, dimming the demand outlook for the industrial metal

At the MCX, Zinc futures for February 2016 contract closed at Rs 114.55 per kg, down by 2.92 per cent after opening at Rs 118, against the previous closing price of Rs 118. It touched the intra-day low of Rs 111.8

Mcx LME Inventory Days

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ALUMINIUM - 6925

COPPER + 1025

LEAD - 100

NICKEL - 72

TIN NA

ZINC - 1275