Commodity Market Important Updates for 03 August 2017

Gold futures closed higher in the domestic market on Wednesday as the dollar continued to trade weak on lackluster economic data.

Gold futures for August 2017 contract ended at Rs 28490 per 10 grams, up by 0.30 %, after opening at Rs 28,420 against a previous close of Rs 28,404. It touched the intra-day high of Rs 28,509.

Silver futures closed low in the domestic market on Wednesday as participants engaged in trimming their positions taking weak cues from global market.

Silver futures for September 2017 contract closed at Rs 38,105 per kg, down by 1.06 per cent, after opening at Rs 38,290, against a previous close of Rs 38,512. It touched the intra-day low of Rs 37,687.

Crude oil futures closed higher in the domestic market on Wednesday as traders grappled with a smaller-than-expected decline in U.S. crude inventories but encouraging data on domestic demand.

Crude oil futures for August 2017 contract closed at Rs 3149 per barrel, up by 0.45 %, after opening at Rs 3116, against a previous close of Rs 3135. It touched the intra-day high of Rs 3158.

Cardamom futures were trading higher during the morning trade in the domestic market on Thursday as investors and speculators extended their positions in the agri-commodity amid rise in physical demand for cardamom in the domestic spot market.

Cardamom futures for September 2017 contract was trading at Rs 1102 per kg, up by 0.37 per cent, after opening at Rs 1097.70, against a previous close of Rs 1097.90. It touched the intra- day high of Rs 1109.70.

Mentha oil futures were trading lower during the morning trade in the domestic market on Thursday as investors and speculators cut down their positions in the agri-commodity amid muted physical demand for mentha oil from major consuming industries in the domestic spot market.

Mentha oil futures for August 2017 contract was trading at Rs 1130.80 per kg, down by 0.66 %, after opening at Rs 1139, against the previous closing price of Rs 1138.30. It touched the intra-day low of Rs 1122.20.

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