Precious metals took a dip along with crude oil

Commodities MCX

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

GOLD 10 g” (99.9 Pure)

  • In the commodity market last week Gold February 2019 future contract closed at ₹33,405 with the aggregate gain of ₹1,062 and the Feb futures contract ended on 05th Feb 2019.
  • In current week Gold April futures contract opens at ₹33,548 on Monday
  • Gold highest gain ₹73 on Friday in the April futures contract
  • Gold highest loss ₹158 on Thursday in the April futures contract
  • Week last day of the commodity trading Gold closed at ₹33,242 with the aggregate gain of ₹1,062

 

 

SILVER (1 KG)

  • Last week Silver March 2019 futures contract closed at ₹40,576 with the aggregate gain of ₹906.
  • This week Silver futures contract opens at ₹40,505 on Monday
  • Silver highest gain ₹185 on Friday
  • Silver highest loss ₹253 on Tuesday
  • Week last of the commodity trading Silver closed at ₹40,105 with the aggregate loss of ₹471.

 

 

CRUDE OIL (1 BBL)

Oil prices plunged by 43 percent. It’s happened before also from mid-July through September of 2018, the total U.S. Crude Oil and Petroleum Products Stocks increased rapidly by 70 million barrels, or by one million barrels per day. This increase in total oil inventories was, in large part, driven by the jump in OPEC’s production output by, you guessed it, one million barrels a day in July. In December of 2018, OPEC agreed to a bigger-than-expected production cut, which is now starting to reflect in shipments to the United States and to the other nations.

  • In the commodity market last week Crude oil Jan 2019 futures contract closed at ₹3,963 with the aggregate gain of ₹151.
  • In current week Crude future February contract opens at ₹ 3,959 on Monday
  • Crude Oil highest gain ₹36 on Wednesday
  • Crude Oil highest loss ₹154 on Thursday
  • Week last day of the trading Crude Oil closed at ₹3,760 with the aggregate loss of ₹203.

 

Leave a Reply

Your email address will not be published. Required fields are marked *