Commodity Market Important Updates for 09 August 2017

Gold futures were trading in the green in the domestic market triggered by a firm trend overseas amid fresh buying by local jewellers.

Gold futures for October 2017 contract is trading at Rs 28573 per 10 grams, up by 0.68 per cent, after opening at Rs 28520, against a previous close of Rs 28379. It touched the intra-day high of Rs 28595.

Silver futures closed higher in the domestic market as participants engaged in extending their positions taking strong cues from global market.

Silver futures for Sept 2017 contract closed at Rs 37,482 per kg, up by 0.57 %, after opening at Rs 37,314, against a previous close of Rs 37,271. It touched the intra-day higher of Rs 37,625.

Crude oil futures closed low in the domestic market as investor sought details from an OPEC meeting to discuss a deal to further cap crude oil production.

Crude oil futures for August 2017 contract closed at Rs 3136 per barrel, down by 0.25 %, after opening at Rs 3129, against a previous close of Rs 3144. It touched the intra-day low of Rs 3116.

Cardamom futures were trading lower during the morning trade in the domestic market on Wednesday as speculators booked profits at prevailing levels amid easing demand in the spot market.

Cardamom futures for September 2017 contract was trading at Rs 1089.90 per kg, down by 0.92 %, after opening at Rs 1090.50, against a previous close of Rs 1100. It touched the intra-day low of Rs 1086.10.

Mentha oil futures were trading lower during the morning trade in the domestic market 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 per kg, down by 0.39 %, after opening at Rs 1128, against the previous closing price of Rs 1134.40. It touched the intra-day low of Rs 1124.

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