GOLD PRICES HIT RECORD, AT A NEW HIGH FOR 2019 ON WEAKNESS IN EQUITIES, RUPEE'S FALL

At the MCX, Gold close of Rs. 38241.00 per 10 gms. It touched the intra-day low of Rs. 38337.00 per 10 gms and high of Rs. 38666.00 per 10 gms.

Gold traded with strong gains in today’s session, buoyed by a sharp selloff in equities and rupee's steep fall against the US dollar. In global markets, gold prices stayed above the psychological $1,500 level, with spot gold up 0.6% at $1,505. Safe-haven demand for gold increased on concerns over slowing global economic growth as the trade war between Washington and Beijing dragged on.

Cardamom prices traded at upper circuit amid continued concerns over a sharp drop in production in 2019-20.

MCXCOMDEX opened with positive note at 3857.35 and traded up by 0.46% at 3874.05. Commodities like Cardamom, Natural gas, Silver, Mentha oil, CPO, Gold, Nickel, Cotton, Copper, Zinc were stood as top gainers, gained by 3.06, 2.20%, 1.59%, 0.88%, 0.80%, 0.67%, 0.59%, 0.54%, 0.29%, 0.05% respectively. On the other hand, Lead, Aluminium, Crude oil futures were stood as top losers, lose by 0.74%, 0.14%, 0.03% respectively.

At close, Sensex was down 623.75 points or 1.66 % at 36958.16 while Nifty was down 183.80 points or 1.65 % at 10925.85 due to concerns over the US-China trade war, protests in Hong Kong and Argentina crash.