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Friday, 23 September 2016

MCX Market Tips with Commodity Market Round up

Gold prices gained as support continues as the Fed stayed pat on interest rates in the world's biggest economy.

Silver gained as the U.S. dollar sold off after the Federal Reserve held off on raising interest rates.

Crude oil prices gains as a broadly weaker U.S. dollar and easing concerns over a slowdown in U.S. crude demand boosted sentiment.

Copper gained as the dollar slipped though gains were limited by worries about slow demand growth.

Zinc gains gained with most base metals climbed again to a three-week high as the dollar weakened as the Fed stayed pat on interest rates.

Nickel gains due to worries about supplies from Philippines, where the government is carrying out an environmental audit of mines.

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Naturalgas dropped on on profit booking after trades booked there long positions after recent high.

Ref soyoil prices ended with gains amid pickup in demand for edible oil in domestic market.

Mentha oil prices dropped driven by sluggish demand from consuming industries at the spot market.

Soyabean pared gains on profit booking after seen supported due to forecasts of wet weather in soybean growing states.

Chana prices dropped on profit booking amid government initiatives to check rising prices and availability of pulses.

Turmeric prices gained on forecast of heavy rains in turmeric growing areas.

Jeera prices ended with losses tracking lower demand from the physical market.

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