Precious metals and Crude Oil decline the profits in Commodities

Commodities MCX

GOLD 10 g” (99.9 Pure)

This is the fifth consecutive week fall of the Gold, reason to Gold loses crude oil prices falling and rupee strengthened against the US dollar.

  • Last week Gold December futures contract closed at ₹ 30,495 with an aggregate loss of ₹ 212 only
  • This week Gold futures contract opens at ₹ 30,471 on Monday
  • Highest gain ₹ 52 on Monday and highest loss ₹ 230 on Thursday
  • The last trading day of the week Gold December futures contract closed at ₹ 30,240 with an aggregate loss of ₹ 255 only.

SILVER (1 KG)

Coming to the Silver December futures contract, second week also Silver faced losses

  • Last week Silver December futures contract closed at ₹ 36,061 with an aggregate loss of ₹ 105 only
  • This week Silver futures contract opens at ₹ 36,263 on Monday
  • Highest gain ₹ 352 on Wednesday and highest loss ₹ 510 on Thursday
  • The last trading of the week Silver December futures contract closed at ₹ 35,147 with an aggregate loss of ₹ 467 only

CRUDE OIL (1 BBL)

In the past two months Crude Oil declining the profits, the crude oil price in terms of the Indian basket of crude oil was at its peak of more than $86 per barrel in the first week of October and then started falling initially on reports that the US will relax sanctions as business standard says.

  • Last week Crude Oil December futures contract closed at ₹ 3,623 with an aggregate loss of 200 only
  • This week Crude Oil futures contract opens at ₹ 3,595 on Monday
  • Highest gain ₹ 55 on Monday and highest loss ₹ 57 on Friday
  • The last trading of the week Crude Oil December futures contract closed at ₹ 3,576 with an aggregate loss of ₹ 47 only

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