Precious metals led the commodity market ahead

Commodities MCX

This week commodity market Gold, Silver and Crude Oil futures contracts closed with gains and losses as follows

GOLD 10 g” (99.9 Pure)

In the commodity market last week Gold December futures contract closed at ₹30,240
This week Gold December futures contract closed with the lose on last day of the trading with ₹131 and Gold February 2019 Futures contract will be continued from 06th December 2018

This Gold December futures contract opens at ₹30,316 on Monday
Gold highest gain ₹508 on 03rd in Dec futures contract
Gold highest loss ₹131 on 05th in Dec futures contract
Gold highest gain ₹506 on 07th in Feb futures contract
No loss in Feb futures contract
On the last day of the trading Gold closed at ₹31,595 with the gain of ₹1,351 in Feb 2019 contract

SILVER (1 KG)

In the commodity market last week Silver December futures contract closed at ₹35147
This week silver December 2018 contract closed with the loss on the last day of trading with ₹251 and Silver March 2019 Future contract will be continued from 06th December 2018

In current week Silver futures contract opens at ₹35,500 on Monday i.e. 03rd Dec 2018
Silver highest gain ₹1,006 on 03rd in DEC contract
Silver highest loss ₹251 on 05th in DEC contract
Silver highest gain ₹754 on 07th in March contract
Silver highest loss ₹208 on 03rd in March contract
on the last day of the trading Silver closed at ₹37,972 with the aggregate gain of ₹1,947 in the March 2019 Contract

CRUDE OIL (1 BBL)

The Indian economy is fluctuating on both smooth and also on a rough ride, with increasing and decreasing oil prices set to continue weighing on its already-weakened currency, widen its deficit, and affect its growth outlook. Rebounding oil prices and India’s unrelenting demand for it, will push up oil imports and widen its current account deficit, which measures the flow of goods, services and investments into and out of the country, economists say. That widening deficit will result in a weakening rupee, they say, as more imports mean India has to buy more foreign currencies to meet its needs.

In the commodity market last week Crude oil December futures contract ended at ₹3,576
In current week Crude future November contract opens at ₹3,606 on Monday i.e. 03rd Dec 2018
Crude oil highest gain ₹230 on 07th in Dec contract
Crude oil highest loss ₹183 on 06th in Dec contract
On the last day of the trading Crude Oil closed at ₹3,849 with the aggregate gain of ₹273

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