GOLD FALLS AMID RISING EQUITIES AND STRONG DOLLAR

At the MCX, Gold futures for Oct 2019 contract was trading at Rs. 37663.00 per 10 gms, down by 0.72 %, after opening at Rs. 37737.00 per 10 gms , against a previous close of Rs. 37938.00 per 10 gms. It touched the intra-day low of Rs. 37605.00 per 10 gms and high of Rs. 37837.00 per 10 gms.

Gold prices started the day with negative note. Precious metals declined in futures trade on Monday following gains in equity markets and a stronger dollar. Silver prices also declined on today. In India, Gold futures prices had hit an all-time high of ₹38,666 per 10 grams last week, tracking higher global prices and a slide in the rupee's value against the US dollar.

Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for any signs that Sino-US trade tensions could ease.

MCXCOMDEX opened with positive note at 3864.80 and traded down by 0.29% at 3853.17. Commodities like Mentha oil, Copper, Crude oil , Cotton, Aluminium were stood as top gainers, gained by 1.34%, 1.04%, 0.85%, 0.58%, 0.04% respectively. On the other hand, Cardamom, CPO, Natural Gas, Silver, Nickel, Gold, Zinc, Lead futures were stood as top losers, lose by 4.00%, 1.49%, 1.41%, 1.26%, 0.79%, 0.72%, 0.44%, 0.03% respectively.

Indian stock markets ended higher after hopes of a revival package from the government lifted sentiment at D-Street. At close, Sensex was up 52.16 points or 0.14 % at 37402.49 with buying being witnessed across the board. Nifty was up 6.10 points or 0.06 % at 11053.90. Sectorally, pharma stocks gained the most, while public sector banks ended as the top losers.