Falling continues in the commodity market

Commodities MCX

This week commodity markets closed with loses, precious metals like Gold and Silver futures contracts closed with loses and crude oil contract also.  

GOLD 10 g” (99.9 Pure)

  • Last week Gold December futures contract closed at ₹ 31,007 with an aggregate loss of ₹ 9 only
  • This week Gold futures contract opens at ₹ 31,010 on Monday
  • Highest gain ₹ 11 on Wednesday and highest loss ₹ 216 on Thursday
  • The last trading day of the week Gold December futures contract closed at ₹ 30,495 with an aggregate loss of ₹ 212 only.

SILVER (1 KG)

  • Silver futures contract closed with gain in the last week but again this week Silver came down as last before five weeks.
  • Last week Silver December futures contract closed at ₹ 36,991 with an aggregate gain of
    ₹ 111 only
  • This week Silver futures contract opens at ₹ 37,006 on Monday
  • Highest gain ₹ 317 on Tuesday and highest loss on ₹ 525 on Friday
  • The last trading day of the week Silver December futures contract closed at ₹ 36,061 with an aggregate loss of ₹ 105 only.

CRUDE OIL (1 BBL)

Coming to the crude oil this week also same story repeated with loses, OPEC countries cut in supply decision couldn’t stop the loses continues seventh week also crude oil contract prices fell down and rupee strengthen also one of the reasons to crude oil prices fall down

  • Last week Crude Oil November futures contract closed at ₹ 4,054 with an aggregate loss of
    ₹ 308 only.
  • This week Crude oil December futures contract opens at ₹ 4,120 on Monday
  • Highest gain ₹ 95 on Wednesday and highest loss on ₹ 216 on Tuesday
  • The last trading day of the week Crude Oil December futures contract closed at ₹ 3,623 with an aggregate loss of ₹ 247 only.

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