Commodity market weekly updates

GOLD 10 g” (99.9 Pure)

  • This week commodity markets also worked for 4 days only on the occasion of Aug 15th Independence day. Last week Gold October 2018 futures contract closed at ₹29,783 only.
  • On 17th of this month Gold highest gain is ₹19 and highest falls at ₹405 on 16th August 2018.
  • This week Gold October 2018 future contract has closed at ₹29,349 with ₹434 lose in the total week comparison. 

SILVER (1 KG)

  • In Silver September 2018 Futures Contract, last week future contract closed at ₹37,968
  • This week Silver opens at ₹37,711, on 14th August 2018 highest gain is ₹88 and highest falls at ₹910 on 10th August 2018.
  • This week Silver September 2018 futures contract has closed at ₹36,778 with ₹1,190 loss in the total week comparison. 


CRUDE OIL (1 BBL)

The rupee hitting a record low of 70.32 to a US dollar in the opening deal, will also lead to a hike in the retail selling price of petrol, diesel and cooking gas (LPG). The rupee has been among the worst performing currencies in Asia, witnessing 8.6 percent slump this year. Rupee depreciation will result in higher earnings for exporters as well as domestic oil producers like Oil and Natural Gas Corp (ONGC) who bill refiners in US dollar terms. But this would result in a rise in petrol and diesel prices, with full impact likely to be visible later this month.

  • In Crude Oil August 2018 Future Contract, last week this contract closed at ₹4,674 only.
  • This week Crude Oil opens at ₹4,643, on 14th August 2018 highest gain is ₹69 and highest falls at ₹129 only.
  • This week Crude Oil August 2018 futures contract has closed at ₹4,598 with ₹ 76 loss in the total week comparison. 

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